[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1957 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 1957

  To provide for a United States contribution to the Interest Subsidy 
     Account of the successor (ESAF II) to the Enhanced Structural 
        Adjustment Facility of the International Monetary Fund.


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                   IN THE SENATE OF THE UNITED STATES

             March 22 (legislative day, February 22), 1994

  Mr. Pell (by request) introduced the following bill; which was read 
        twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
  To provide for a United States contribution to the Interest Subsidy 
     Account of the successor (ESAF II) to the Enhanced Structural 
        Adjustment Facility of the International Monetary Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That the Bretton Woods 
Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end 
thereof the following new section:

``SEC. 61. CONTRIBUTION TO THE INTEREST SUBSIDY ACCOUNT OF THE 
              SUCCESSOR (ESAF II) TO THE ENHANCED STRUCTURAL FACILITY 
              OF THE INTERNATIONAL MONETARY FUND.

    ``(a) Contribution Authorized.--
            ``(1) In general.--Subject to paragraph (2), the United 
        States Governor of the Fund may contribute $100,000,000 to the 
        Interest Subsidy Account of the successor (ESAF II) to the 
        Enhanced Structural Adjustment Facility of the Fund on behalf 
        of the United States.
            ``(2) Contribution.--The contribution authorized in 
        paragraph (1) shall be effective only to such extent or in such 
        amounts as are provided in advance in appropriations Acts.
    ``(b) Limitation on Authorization of Appropriations.--To pay for 
the contribution authorized in subsection (a), there are authorized to 
be appropriated $100,000,000 without fiscal year limitation for payment 
by the Secretary of the Treasury.''.

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