[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4209 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 4209

     To amend the Arms Export Control Act, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 1998

 Mr. Pallone introduced the following bill; which was referred to the 
Committee on International Relations, and in addition to the Committees 
 on Banking and Financial Services, and the Budget, 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 amend the Arms Export Control Act, and for other purposes.

    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 ``India-Pakistan Sanctions Flexibility 
Act''.

SEC. 2. SANCTIONS EXEMPTIONS.

    (a) Section 102(b)(2)(D) of the Arms Export Control Act (22 U.S.C. 
2799aa-1(b)(2)(D)) is amended as follows--
            (1) in clause (ii) by striking the period and inserting in 
        lieu thereof ``, or'', and
            (2) by inserting after clause (ii) the following new 
        clauses:
                    ``(iii) any credit, credit guarantee or financial 
                assistance provided by the Department of Agriculture to 
                support the purchase of food or other agriculture 
                commodity, or
                    ``(iv) credit, credit guarantee, loan, insurance or 
                financial assistance provided by the Export-Import Bank 
                of the United States or the Overseas Private Investment 
                Corporation.''.
    (b) Amounts which may be made available by this Section 
102(b)(2)(D)(iii) are designated by the Congress as an emergency 
requirement pursuant to section 251(b)(2)(A) of the Balanced Budget and 
Emergency Deficit Control Act of 1985, as amended: Provided, That such 
amounts shall be available only to the extent that an official budget 
request that includes designation of the entire amount of the request 
as an emergency requirement as defined in the Balanced Budget and 
Emergency Deficit Control Act of 1985, as amended, is transmitted by 
the President to the Congress.

SEC. 3. WAIVER AUTHORITY.

    (a) The President is authorized to suspend until March 1, 1999, the 
application of any sanction or prohibition (or portions thereof) 
contained in sections 101 and 102 of the Arms Export Control Act, 
section 620E(e) of the Foreign Assistance Act of 1961, or section 
2(b)(4) of the Export Import Bank Act of 1945 with respect to India and 
Pakistan.
    (b) The authority provided in subsection (a) shall not apply to the 
restrictions in section 102(b)(2) (B) and (C) of the Arms Export 
Control Act.
    (c) The President shall notify the President Pro Tempore of the 
Senate and the Speaker of the House of Representatives upon each use of 
the waiver authority contained in subsection (a) and provide a 
justification for each use of such authority.
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