[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3105 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3105

    To provide that the President may not waive the prohibitions on 
  providing to the Socialist Republic of Vietnam financing and other 
 forms of assistance by the Overseas Private Investment Corporation or 
                        the Export-Import Bank.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 27, 1998

 Mr. Rohrabacher introduced the following bill; which was referred to 
the Committee on Banking and Financial Services, and in addition to the 
 Committee on International Relations, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
    To provide that the President may not waive the prohibitions on 
  providing to the Socialist Republic of Vietnam financing and other 
 forms of assistance by the Overseas Private Investment Corporation or 
                        the Export-Import Bank.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON AID BY EXPORT-IMPORT BANK AND OVERSEAS 
              PRIVATE INVESTMENT CORPORATION.

    (a) Export-Import Bank.--The President may not waive the provisions 
of section 2(b)(2)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(2)(A)), relating to prohibitions on aid to Marxist-Leninist 
countries, with respect to the Socialist Republic of Vietnam.
    (b) Overseas Private Investment Corporation.--The President may not 
waive the provisions of section 620(f) of the Foreign Assistance Act of 
1961 (22 U.S.C. 2370(f)) with respect to the provision to the Socialist 
Republic of Vietnam of insurance, reinsurance, financing, or other 
services by the Overseas Private Investment Corporation.

SEC. 2. NULLIFICATION OF PRIOR WAIVERS.

    Any waiver that is issued before the date of the enactment of this 
Act with respect to the Socialist Republic of Vietnam under the 
authorities referred to in section 1 and that is in effect on the day 
before such date shall cease to be effective on such date.
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