[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3242 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3242

  To ban the provision of Federal funds to the International Monetary 
Fund unless a joint resolution is enacted that approves a certification 
 by the Attorney General and the Secretary of State that all countries 
     eligible to receive IMF funds are cooperating fully with the 
congressional and Justice Department investigations into the financing 
   of the 1996 presidential election campaign and have disclosed the 
 identity of all commercial entities in the country that would benefit 
                    from the provision of the funds.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 1998

   Mr. Souder (for himself, Mr. Burton of Indiana, and Mr. Solomon) 
 introduced the following bill; which was referred to the Committee on 
                     Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
  To ban the provision of Federal funds to the International Monetary 
Fund unless a joint resolution is enacted that approves a certification 
 by the Attorney General and the Secretary of State that all countries 
     eligible to receive IMF funds are cooperating fully with the 
congressional and Justice Department investigations into the financing 
   of the 1996 presidential election campaign and have disclosed the 
 identity of all commercial entities in the country that would benefit 
                    from the provision of the funds.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``IMF Full Cooperation and 
Accountability for Taxpayers Act''.

SEC. 2. FINDINGS.

    The Congress finds that--
            (1) a number of material witnesses in the congressional 
        investigations into the financing of the 1996 presidential 
        election campaign have refused to testify before the committees 
        conducting such investigations, and have fled the United States 
        and reside in countries benefiting from International Monetary 
        Fund (IMF) assistance, which is supported by the United States;
            (2) United States taxpayers feel that cooperation with such 
        investigations should be a prerequisite to the provision of IMF 
        assistance to any country; and
            (3) the Department of Justice has a continuing 
        responsibility to bring to justice those who may have committed 
        crimes in connection with the financing of that campaign, and 
        the international scope of investigations into the financing of 
        that campaign impede the ability of the Congress to provide a 
        complete report to the people of the United States about the 
        financing of that campaign.

SEC. 3. BAN ON PROVISION OF FEDERAL FUNDS TO THE INTERNATIONAL MONETARY 
              FUND UNLESS A JOINT RESOLUTION IS ENACTED THAT APPROVES A 
              CERTIFICATION THAT ALL COUNTRIES ELIGIBLE TO RECEIVE IMF 
              FUNDS ARE COOPERATING FULLY WITH CONGRESSIONAL AND 
              JUSTICE DEPARTMENT INVESTIGATIONS INTO THE FINANCING OF 
              THE 1996 PRESIDENTIAL ELECTION CAMPAIGN AND HAVE 
              DISCLOSED THE IDENTITY OF ALL COMMERCIAL ENTITIES IN THE 
              COUNTRY THAT WOULD BENEFIT FROM THE PROVISION OF THE 
              FUNDS.

    An officer, employee, or agent of the United States may not, 
directly or indirectly, provide Federal funds to, or for the benefit of 
the International Monetary Fund unless the certification described in 
section 4 has been made and the Congress has enacted a joint resolution 
approving the certification.

SEC. 4. CERTIFICATION.

    (a) In General.--The certification described in this section is a 
certification by the Attorney General and the Secretary of State to the 
Speaker of the House of Representatives and the President pro tempore 
of the Senate that each country eligible to receive funds from the 
International Monetary Fund--
            (1) is cooperating fully with any congressional or Justice 
        Department investigation into the financing of the 1996 
        presidential election campaign, including by--
                    (A) complying with any request by investigators for 
                extradition of suspects in criminal cases;
                    (B) assisting in obtaining compliance with any 
                request made of, or subpoena served on, any financial 
                institution, commercial entity, government entity, or 
                individual, by or on behalf of investigators; and
                    (C) coordinating the provision of any witness, 
                document, or physical evidence requested by 
                investigators, and granting investigators such access 
                to the country as may be necessary to further the 
                investigation; and
            (2) has disclosed to the Attorney General the identity of 
        any commercial entity with operations in the country that would 
        benefit from the provision of such funds.
    (b) Consultation and Report Required Before Certification.--Not 
fewer than 30 days before making the certification described in 
subsection (a), the Attorney General and the Secretary of State shall, 
subject to other law--
            (1) provide a written report to the Speaker of the House of 
        Representatives and the President pro tempore of the Senate 
        that contains all information of which the Attorney General and 
        the Secretary of State are then aware with regard to the 
        matters described in subsection (a); and
            (2) consult with the Speaker of the House of 
        Representatives and the President pro tempore of the Senate 
        about the intent of the Attorney General and Secretary of State 
        with regard to making the certification.
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