[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1143 Enrolled Bill (ENR)]

        H.R.1143

                       One Hundred Sixth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
             the twenty-fourth day of January, two thousand


                                 An Act


 
To establish a program to provide assistance for programs of credit and 
 other financial services for microenterprises in developing countries, 
                             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 ``Microenterprise for Self-Reliance 
and International Anti-Corruption Act of 2000''.

SEC. 2. TABLE OF CONTENTS.

    The table of contents for this Act is as follows:
Sec. 1. Short title.
Sec. 2. Table of contents.

         TITLE I--MICROENTERPRISE FOR SELF-RELIANCE ACT OF 2000

Sec. 101. Short title.
Sec. 102. Findings and declarations of policy.
Sec. 103. Purposes.
Sec. 104. Definitions.
Sec. 105. Microenterprise development grant assistance.
Sec. 106. Micro- and small enterprise development credits.
Sec. 107. United States Microfinance Loan Facility.
Sec. 108. Report relating to future development of microenterprise 
          institutions.
Sec. 109. United States Agency for International Development as global 
          leader and coordinator of bilateral and multilateral 
          microenterprise assistance 
          activities.
Sec. 110. Sense of the Congress on consideration of Mexico as a key 
          priority in microenterprise funding allocations.

 TITLE II--INTERNATIONAL ANTI-CORRUPTION AND GOOD GOVERNANCE ACT OF 2000

Sec. 201. Short title.
Sec. 202. Findings and purpose.
Sec. 203. Development assistance policy.
Sec. 204. Department of the Treasury technical assistance program for 
          developing countries.
Sec. 205. Authorization of good governance programs.

        TITLE III--INTERNATIONAL ACADEMIC OPPORTUNITY ACT OF 2000

Sec. 301. Short title.
Sec. 302. Statement of purpose.
Sec. 303. Establishment of grant program for foreign study by American 
          college students of limited financial means.
Sec. 304. Report to Congress.
Sec. 305. Authorization of appropriations.
Sec. 306. Effective date.

                   TITLE IV--MISCELLANEOUS PROVISIONS

Sec. 401. Support for Overseas Cooperative Development Act.
Sec. 402. Funding of certain environmental assistance activities of 
          USAID.
Sec. 403. Processing of applications for transportation of humanitarian 
          assistance abroad by the Department of Defense.
Sec. 404. Working capital fund.
Sec. 405. Increase in authorized number of employees and representatives 
          of the United States mission to the United Nations provided 
          living quarters in New York.
Sec. 406. Availability of VOA and Radio Marti multilingual computer 
          readable text and voice recordings.
Sec. 407. Availability of certain materials of the Voice of America.
Sec. 408. Paul D. Coverdell Fellows Program Act of 2000.

         TITLE I--MICROENTERPRISE FOR SELF-RELIANCE ACT OF 2000

SEC. 101. SHORT TITLE.

    This title may be cited as the ``Microenterprise for Self-Reliance 
Act of 2000''.

SEC. 102. FINDINGS AND DECLARATIONS OF POLICY.

    Congress makes the following findings and declarations:
        (1) According to the World Bank, more than 1,200,000,000 people 
    in the developing world, or one-fifth of the world's population, 
    subsist on less than $1 a day.
        (2) Over 32,000 of their children die each day from largely 
    preventable malnutrition and disease.
        (3)(A) Women in poverty generally have larger work loads and 
    less access to educational and economic opportunities than their 
    male counterparts.
        (B) Directly aiding the poorest of the poor, especially women, 
    in the developing world has a positive effect not only on family 
    incomes, but also on child nutrition, health and education, as 
    women in particular reinvest income in their families.
        (4)(A) The poor in the developing world, particularly women, 
    generally lack stable employment and social safety nets.
        (B) Many turn to self-employment to generate a substantial 
    portion of their livelihood. In Africa, over 80 percent of 
    employment is generated in the informal sector of the self-employed 
    poor.
        (C) These poor entrepreneurs are often trapped in poverty 
    because they cannot obtain credit at reasonable rates to build 
    their asset base or expand their otherwise viable self-employment 
    activities.
        (D) Many of the poor are forced to pay interest rates as high 
    as 10 percent per day to money lenders.
        (5)(A) The poor are able to expand their incomes and their 
    businesses dramatically when they can access loans at reasonable 
    interest rates.
        (B) Through the development of self-sustaining microfinance 
    programs, poor people themselves can lead the fight against hunger 
    and poverty.
        (6)(A) On February 2-4, 1997, a global Microcredit Summit was 
    held in Washington, District of Columbia, to launch a plan to 
    expand access to credit for self-employment and other financial and 
    business services to 100,000,000 of the world's poorest families, 
    especially the women of those families, by 2005. While this scale 
    of outreach may not be achievable in this short time-period, the 
    realization of this goal could dramatically alter the face of 
    global poverty.
        (B) With an average family size of five, achieving this goal 
    will mean that the benefits of microfinance will thereby reach 
    nearly half of the world's more than 1,000,000,000 absolute poor 
    people.
        (7)(A) Nongovernmental organizations, such as those that 
    comprise the Microenterprise Coalition (such as the Grameen Bank 
    (Bangladesh), K-REP (Kenya), and networks such as Accion 
    International, the Foundation for International Community 
    Assistance (FINCA), and the credit union movement) are successful 
    in lending directly to the very poor.
        (B) Microfinance institutions such as BRAC (Bangladesh), 
    BancoSol (Bolivia), SEWA Bank (India), and ACEP (Senegal) are 
    regulated financial institutions that can raise funds directly from 
    the local and international capital markets.
        (8)(A) Microenterprise institutions not only reduce poverty, 
    but also reduce the dependency on foreign assistance.
        (B) Interest income on the credit portfolio is used to pay 
    recurring institutional costs, assuring the long-term 
    sustainability of development assistance.
        (9) Microfinance institutions leverage foreign assistance 
    resources because loans are recycled, generating new benefits to 
    program participants.
        (10)(A) The development of sustainable microfinance 
    institutions that provide credit and training, and mobilize 
    domestic savings, is a critical component to a global strategy of 
    poverty reduction and broad-based economic development.
        (B) In the efforts of the United States to lead the development 
    of a new global financial architecture, microenterprise should play 
    a vital role. The recent shocks to international financial markets 
    demonstrate how the financial sector can shape the destiny of 
    nations. Microfinance can serve as a powerful tool for building a 
    more inclusive financial sector which serves the broad majority of 
    the world's population including the very poor and women and thus 
    generate more social stability and prosperity.
        (C) Over the last two decades, the United States has been a 
    global leader in promoting the global microenterprise sector, 
    primarily through its development assistance programs at the United 
    States Agency for International Development. Additionally, the 
    Department of the Treasury and the Department of State have used 
    their authority to promote microenterprise in the development 
    programs of international financial institutions and the United 
    Nations.
        (11)(A) In 1994, the United States Agency for International 
    Development launched the ``Microenterprise Initiative'' in 
    partnership with the Congress.
        (B) The initiative committed to expanding funding for the 
    microenterprise programs of the Agency, and set a goal that, by the 
    end of fiscal year 1996, one-half of all microenterprise resources 
    would support programs and institutions that provide credit to the 
    poorest, with loans under $300.
        (C) In order to achieve the goal of the microcredit summit, 
    increased investment in microfinance institutions serving the 
    poorest will be critical.
        (12) Providing the United States share of the global investment 
    needed to achieve the goal of the microcredit summit will require 
    only a small increase in United States funding for international 
    microcredit programs, with an increased focus on institutions 
    serving the poorest.
        (13)(A) In order to reach tens of millions of the poorest with 
    microcredit, it is crucial to expand and replicate successful 
    microfinance institutions.
        (B) These institutions need assistance in developing their 
    institutional capacity to expand their services and tap commercial 
    sources of capital.
        (14) Nongovernmental organizations have demonstrated competence 
    in developing networks of local microfinance institutions and other 
    assistance delivery mechanisms so that they reach large numbers of 
    the very poor, and achieve financial sustainability.
        (15) Recognizing that the United States Agency for 
    International Development has developed very effective partnerships 
    with nongovernmental organizations, and that the Agency will have 
    fewer missions overseas to carry out its work, the Agency should 
    place priority on investing in those nongovernmental network 
    institutions that meet performance criteria through the central 
    funding mechanisms of the Agency.
        (16) By expanding and replicating successful microfinance 
    institutions, it should be possible to create a global 
    infrastructure to provide financial services to the world's poorest 
    families.
        (17)(A) The United States can provide leadership to other 
    bilateral and multilateral development agencies as such agencies 
    expand their support to the microenterprise sector.
        (B) The United States should seek to improve coordination among 
    G-7 countries in the support of the microenterprise sector in order 
    to leverage the investment of the United States with that of other 
    donor nations.
        (18) Through increased support for microenterprise, especially 
    credit for the poorest, the United States can continue to play a 
    leadership role in the global effort to expand financial services 
    and opportunity to 100,000,000 of the poorest families on the 
    planet.

SEC. 103. PURPOSES.

    The purposes of this title are--
        (1) to make microenterprise development an important element of 
    United States foreign economic policy and assistance;
        (2) to provide for the continuation and expansion of the 
    commitment of the United States Agency for International 
    Development to the development of microenterprise institutions as 
    outlined in its 1994 Microenterprise Initiative;
        (3) to support and develop the capacity of United States and 
    indigenous nongovernmental organization intermediaries to provide 
    credit, savings, training, technical assistance, and business 
    development services to microentrepreneurs;
        (4) to emphasize financial services and substantially increase 
    the amount of assistance devoted to both financial services and 
    complementary business development services designed to reach the 
    poorest people in developing countries, particularly women; and
        (5) to encourage the United States Agency for International 
    Development to coordinate microfinance policy, in consultation with 
    the Department of the Treasury and the Department of State, and to 
    provide global leadership among bilateral and multilateral donors 
    in promoting microenterprise for the poorest of the poor.

SEC. 104. DEFINITIONS.

    In this title:
        (1) Business development services.--The term ``business 
    development services'' means support for the growth of 
    microenterprises through training, technical assistance, marketing 
    assistance, improved production technologies, and other services.
        (2) Microenterprise institution.--The term ``microenterprise 
    institution'' means an institution that provides services, 
    including microfinance, training, or business development services, 
    for microentrepreneurs.
        (3) Microfinance institution.--The term ``microfinance 
    institution'' means an institution that directly provides, or works 
    to expand, the availability of credit, savings, and other financial 
    services to microentrepreneurs.
        (4) Practitioner institution.--The term ``practitioner 
    institution'' means any institution that provides services, 
    including microfinance, training, or business development services, 
    for microentrepreneurs, or provides assistance to microenterprise 
    institutions.

SEC. 105. MICROENTERPRISE DEVELOPMENT GRANT ASSISTANCE.

    Chapter 1 of part I of the Foreign Assistance Act of 1961 (22 
U.S.C. 2151 et seq.) is amended by adding at the end the following new 
section:

``SEC. 131. MICROENTERPRISE DEVELOPMENT GRANT ASSISTANCE.

    ``(a) Findings and Policy.--Congress finds and declares that--
        ``(1) the development of microenterprise is a vital factor in 
    the stable growth of developing countries and in the development of 
    free, open, and equitable international economic systems;
        ``(2) it is therefore in the best interest of the United States 
    to assist the development of microenterprises in developing 
    countries; and
        ``(3) the support of microenterprise can be served by programs 
    providing credit, savings, training, technical assistance, and 
    business development services.
    ``(b) Authorization.--
        ``(1) In general.--In carrying out this part, the President is 
    authorized to provide grant assistance for programs to increase the 
    availability of credit and other services to microenterprises 
    lacking full access to capital training, technical assistance, and 
    business development services, through--
            ``(A) grants to microfinance institutions for the purpose 
        of expanding the availability of credit, savings, and other 
        financial services to microentrepreneurs;
            ``(B) grants to microenterprise institutions for the 
        purpose of training, technical assistance, and business 
        development services for microenterprises to enable them to 
        make better use of credit, to better manage their enterprises, 
        and to increase their income and build their assets;
            ``(C) capacity-building for microenterprise institutions in 
        order to enable them to better meet the credit and training 
        needs of microentrepreneurs; and
            ``(D) policy and regulatory programs at the country level 
        that improve the environment for microentrepreneurs and 
        microenterprise institutions that serve the poor and very poor.
        ``(2) Implementation.--Assistance authorized under paragraph 
    (1)(A) and (B) shall be provided through organizations that have a 
    capacity to develop and implement microenterprise programs, 
    including particularly--
            ``(A) United States and indigenous private and voluntary 
        organizations;
            ``(B) United States and indigenous credit unions and 
        cooperative organizations; or
            ``(C) other indigenous governmental and nongovernmental 
        organizations.
        ``(3) Targeted assistance.--In carrying out sustainable 
    poverty-focused programs under paragraph (1), 50 percent of all 
    microenterprise resources shall be targeted to very poor 
    entrepreneurs, defined as those living in the bottom 50 percent 
    below the poverty line as established by the national government of 
    the country. Specifically, such resources shall be used for--
            ``(A) direct support of programs under this subsection 
        through practitioner institutions that--
                ``(i) provide credit and other financial services to 
            entrepreneurs who are very poor, with loans in 1995 United 
            States dollars of--

                    ``(I) $1,000 or less in the Europe and Eurasia 
                region;
                    ``(II) $400 or less in the Latin America region; 
                and
                    ``(III) $300 or less in the rest of the world; and

                ``(ii) can cover their costs in a reasonable time 
            period; or
            ``(B) demand-driven business development programs that 
        achieve reasonable cost recovery that are provided to clients 
        holding poverty loans (as defined by the regional poverty loan 
        limitations in subparagraph (A)(i)), whether they are provided 
        by microfinance institutions or by specialized business 
        development services providers.
        ``(4) Support for central mechanisms.--The President should 
    continue support for central mechanisms and missions, as 
    appropriate, that--
            ``(A) provide technical support for field missions;
            ``(B) strengthen the institutional development of the 
        intermediary organizations described in paragraph (2);
            ``(C) share information relating to the provision of 
        assistance authorized under paragraph (1) between such field 
        missions and intermediary organizations; and
            ``(D) support the development of nonprofit global 
        microfinance networks, including credit union systems, that--
                ``(i) are able to deliver very small loans through a 
            significant grassroots infrastructure based on market 
            principles; and
                ``(ii) act as wholesale intermediaries providing a 
            range of services to microfinance retail institutions, 
            including financing, technical assistance, capacity-
            building, and safety and soundness accreditation.
        ``(5) Limitation.--Assistance provided under this subsection 
    may only be used to support microenterprise programs and may not be 
    used to support programs not directly related to the purposes 
    described in paragraph (1).
    ``(c) Monitoring System.--In order to maximize the sustainable 
development impact of the assistance authorized under subsection 
(b)(1), the Administrator of the agency primarily responsible for 
administering this part shall establish a monitoring system that--
        ``(1) establishes performance goals for such assistance and 
    expresses such goals in an objective and quantifiable form, to the 
    extent feasible;
        ``(2) establishes performance indicators to be used in 
    measuring or assessing the achievement of the goals and objectives 
    of such assistance;
        ``(3) provides a basis for recommendations for adjustments to 
    such assistance to enhance the sustainable development impact of 
    such assistance, particularly the impact of such assistance on the 
    very poor, particularly poor women; and
        ``(4) provides a basis for recommendations for adjustments to 
    measures for reaching the poorest of the poor, including proposed 
    legislation containing amendments to enhance the sustainable 
    development impact of such assistance, as described in paragraph 
    (3).
    ``(d) Level of Assistance.--Of the funds made available under this 
part, the FREEDOM Support Act, and the Support for East European 
Democracy (SEED) Act of 1989, including local currencies derived from 
such funds, there are authorized to be available $155,000,000 for each 
of the fiscal years 2001 and 2002, to carry out this section.
    ``(e) Definitions.--In this section:
        ``(1) Business development services.--The term `business 
    development services' means support for the growth of 
    microenterprises through training, technical assistance, marketing 
    assistance, improved production technologies, and other services.
        ``(2) Microenterprise institution.--The term `microenterprise 
    institution' means an institution that provides services, including 
    microfinance, training, or business development services, for 
    microentrepreneurs.
        ``(3) Microfinance institution.--The term `microfinance 
    institution' means an institution that directly provides, or works 
    to expand, the availability of credit, savings, and other financial 
    services to microentrepreneurs.
        ``(4) Practitioner institution.--The term `practitioner 
    institution' means any institution that provides services, 
    including microfinance, training, or business development services, 
    for microentrepreneurs, or provides assistance to microenterprise 
    institutions.''.

SEC. 106. MICRO- AND SMALL ENTERPRISE DEVELOPMENT CREDITS.

    Section 108 of the Foreign Assistance Act of 1961 (22 U.S.C. 2151f) 
is amended to read as follows:

``SEC. 108. MICRO- AND SMALL ENTERPRISE DEVELOPMENT CREDITS.

    ``(a) Findings and Policy.--Congress finds and declares that--
        ``(1) the development of micro- and small enterprises is a 
    vital factor in the stable growth of developing countries and in 
    the development and stability of a free, open, and equitable 
    international economic system; and
        ``(2) it is, therefore, in the best interests of the United 
    States to assist the development of the enterprises of the poor in 
    developing countries and to engage the United States private sector 
    in that process.
    ``(b) Program.--To carry out the policy set forth in subsection 
(a), the President is authorized to provide assistance to increase the 
availability of credit to micro- and small enterprises lacking full 
access to credit, including through--
        ``(1) loans and guarantees to credit institutions for the 
    purpose of expanding the availability of credit to micro- and small 
    enterprises;
        ``(2) training programs for lenders in order to enable them to 
    better meet the credit needs of microentrepreneurs; and
        ``(3) training programs for microentrepreneurs in order to 
    enable them to make better use of credit and to better manage their 
    enterprises.
    ``(c) Eligibility Criteria.--The Administrator of the agency 
primarily responsible for administering this part shall establish 
criteria for determining which credit institutions described in 
subsection (b)(1) are eligible to carry out activities, with respect to 
micro- and small enterprises, assisted under this section. Such 
criteria may include the following:
        ``(1) The extent to which the recipients of credit from the 
    entity do not have access to the local formal financial sector.
        ``(2) The extent to which the recipients of credit from the 
    entity are among the poorest people in the country.
        ``(3) The extent to which the entity is oriented toward working 
    directly with poor women.
        ``(4) The extent to which the entity recovers its cost of 
    lending.
        ``(5) The extent to which the entity implements a plan to 
    become financially sustainable.
    ``(d) Additional Requirement.--Assistance provided under this 
section may only be used to support micro- and small enterprise 
programs and may not be used to support programs not directly related 
to the purposes described in subsection (b).
    ``(e) Procurement Provision.--Assistance may be provided under this 
section without regard to section 604(a).
    ``(f) Availability of Funds.--
        ``(1) In general.--Of the amounts authorized to be available to 
    carry out section 131, there are authorized to be available 
    $1,500,000 for each of fiscal years 2001 and 2002 to carry out this 
    section.
        ``(2) Coverage of subsidy costs.--Amounts authorized to be 
    available under paragraph (1) shall be made available to cover the 
    subsidy cost, as defined in section 502(5) of the Federal Credit 
    Reform Act of 1990, for activities under this section.''.

SEC. 107. UNITED STATES MICROFINANCE LOAN FACILITY.

    (a) In General.--Chapter 1 of part I of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2151 et seq.), as amended by section 105 of this 
Act, is further amended by adding at the end the following new section:

``SEC. 132. UNITED STATES MICROFINANCE LOAN FACILITY.

    ``(a) Establishment.--The Administrator is authorized to establish 
a United States Microfinance Loan Facility (in this section referred to 
as the `Facility') to pool and manage the risk from natural disasters, 
war or civil conflict, national financial crisis, or short-term 
financial movements that threaten the long-term development of United 
States-supported microfinance institutions.
    ``(b) Disbursements.--
        ``(1) In general.--The Administrator shall make disbursements 
    from the Facility to United States-supported microfinance 
    institutions to prevent the bankruptcy of such institutions caused 
    by--
            ``(A) natural disasters;
            ``(B) national wars or civil conflict; or
            ``(C) national financial crisis or other short-term 
        financial movements that threaten the long-term development of 
        United States-supported microfinance institutions.
        ``(2) Form of assistance.--Assistance under this section shall 
    be in the form of loans or loan guarantees for microfinance 
    institutions that demonstrate the capacity to resume self-sustained 
    operations within a reasonable time period.
        ``(3) Congressional notification procedures.--During each of 
    the fiscal years 2001 and 2002, funds may not be made available 
    from the Facility until 15 days after notification of the proposed 
    availability of the funds has been provided to the congressional 
    committees specified in section 634A in accordance with the 
    procedures applicable to reprogramming notifications under that 
    section.
    ``(c) General Provisions.--
        ``(1) Policy provisions.--In providing the credit assistance 
    authorized by this section, the Administrator should apply, as 
    appropriate, the policy provisions in this part that are applicable 
    to development assistance activities.
        ``(2) Default and procurement provisions.--
            ``(A) Default provision.--The provisions of section 620(q), 
        or any comparable provision of law, shall not be construed to 
        prohibit assistance to a country in the event that a private 
        sector recipient of assistance furnished under this section is 
        in default in its payment to the United States for the period 
        specified in such section.
            ``(B) Procurement provision.--Assistance may be provided 
        under this section without regard to section 604(a).
        ``(3) Terms and conditions of credit assistance.--
            ``(A) In general.--Credit assistance provided under this 
        section shall be offered on such terms and conditions, 
        including fees charged, as the Administrator may determine.
            ``(B) Limitation on principal amount of financing.--The 
        principal amount of loans made or guaranteed under this section 
        in any fiscal year, with respect to any single event, may not 
        exceed $30,000,000.
            ``(C) Exception.--No payment may be made under any 
        guarantee issued under this section for any loss arising out of 
        fraud or misrepresentation for which the party seeking payment 
        is responsible.
        ``(4) Full faith and credit.--All guarantees issued under this 
    section shall constitute obligations, in accordance with the terms 
    of such guarantees, of the United States of America, and the full 
    faith and credit of the United States of America is hereby pledged 
    for the full payment and performance of such obligations to the 
    extent of the guarantee.
    ``(d) Funding.--
        ``(1) Allocation of funds.--Of the amounts made available to 
    carry out this part for the fiscal year 2001, up to $5,000,000 may 
    be made available for--
            ``(A) the subsidy cost, as defined in section 502(5) of the 
        Federal Credit Reform Act of 1990, to carry out this section; 
        and
            ``(B) the administrative costs to carry out this section.
        ``(2) Relation to other funding.--Amounts made available under 
    paragraph (1) are in addition to amounts available under any other 
    provision of law to carry out this section.
    ``(e) Definitions.--In this section:
        ``(1) Administrator.--The term `Administrator' means the 
    Administrator of the agency primarily responsible for administering 
    this part.
        ``(2) Appropriate congressional committees.--The term 
    `appropriate congressional committees' means the Committee on 
    Foreign Relations of the Senate and the Committee on International 
    Relations of the House of Representatives.
        ``(3) United states-supported microfinance institution.--The 
    term `United States-supported microfinance institution' means a 
    financial intermediary that has received funds made available under 
    part I of this Act for fiscal year 1980 or any subsequent fiscal 
    year.''.
    (b) Report.--Not later than 120 days after the date of the 
enactment of this Act, the Administrator of the United States Agency 
for International Development shall submit to the Committee on Foreign 
Relations of the Senate and the Committee on International Relations of 
the House of Representatives a report on the policies, rules, and 
regulations of the United States Microfinance Loan Facility established 
under section 132 of the Foreign Assistance Act of 1961, as added by 
subsection (a).

SEC. 108. REPORT RELATING TO FUTURE DEVELOPMENT OF MICROENTERPRISE 
              INSTITUTIONS.

    (a) Report.--Not later than 180 days after the date of the 
enactment of this Act, the President shall submit to the appropriate 
congressional committees a report on the most cost-effective methods 
and measurements for increasing the access of poor people overseas to 
credit, other financial services, and related training.
    (b) Contents.--The report described in subsection (a)--
        (1) shall include how the President, in consultation with the 
    Administrator of the United States Agency for International 
    Development, the Secretary of State, and the Secretary of the 
    Treasury, will develop a comprehensive strategy for advancing the 
    global microenterprise sector in a way that maintains market 
    principles while ensuring that the very poor overseas, particularly 
    women, obtain access to financial services overseas;
        (2) shall provide guidelines and recommendations for--
            (A) instruments to assist microenterprise networks to 
        develop multi-country and regional microlending programs;
            (B) technical assistance to foreign governments, foreign 
        central banks, and regulatory entities to improve the policy 
        environment for microfinance institutions, and to strengthen 
        the capacity of supervisory bodies to supervise microfinance 
        institutions;
            (C) the potential for Federal chartering of United States-
        based international microfinance network institutions, 
        including proposed legislation;
            (D) instruments to increase investor confidence in 
        microfinance institutions which would strengthen the long-term 
        financial position of the microfinance institutions and attract 
        capital from private sector entities and individuals, such as a 
        rating system for microfinance institutions and local credit 
        bureaus;
            (E) an agenda for integrating microfinance into United 
        States foreign policy initiatives seeking to develop and 
        strengthen the global finance sector; and
            (F) innovative instruments to attract funds from the 
        capital markets, such as instruments for leveraging funds from 
        the local commercial banking sector, and the securitization of 
        microloan portfolios; and
        (3) shall include a section that assesses the need for a 
    microenterprise accelerated growth fund and that includes--
            (A) a description of the benefits of such a fund;
            (B) an identification of which microenterprise institutions 
        might become eligible for assistance from such fund;
            (C) a description of how such a fund could be administered;
            (D) a recommendation on which agency or agencies of the 
        United States Government should administer the fund and within 
        which such agency the fund should be located; and
            (E) a recommendation on how soon it might be necessary to 
        establish such a fund in order to provide the support necessary 
        for microenterprise institutions involved in microenterprise 
        development.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means the Committee 
on International Relations of the House of Representatives and the 
Committee on Foreign Relations of the Senate.

SEC. 109. UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT AS GLOBAL 
              LEADER AND COORDINATOR OF BILATERAL AND MULTILATERAL 
              MICROENTERPRISE ASSISTANCE ACTIVITIES.

    (a) Findings and Policy.--Congress finds and declares that--
        (1) the United States can provide leadership to other bilateral 
    and multilateral development agencies as such agencies expand their 
    support to the microenterprise sector; and
        (2) the United States should seek to improve coordination among 
    G-7 countries in the support of the microenterprise sector in order 
    to leverage the investment of the United States with that of other 
    donor nations.
    (b) Sense of the Congress.--It is the sense of the Congress that--
        (1) the Administrator of the United States Agency for 
    International Development and the Secretary of State should seek to 
    support and strengthen the effectiveness of microfinance activities 
    in United Nations agencies, such as the United Nations Development 
    Program (UNDP), which have provided key leadership in developing 
    the microenterprise sector; and
        (2) the Secretary of the Treasury should instruct each United 
    States Executive Director of the multilateral development banks 
    (MDBs) to advocate the development of a coherent and coordinated 
    strategy to support the microenterprise sector and an increase of 
    multilateral resource flows for the purposes of building 
    microenterprise retail and wholesale intermediaries.

SEC. 110. SENSE OF THE CONGRESS ON CONSIDERATION OF MEXICO AS A KEY 
              PRIORITY IN MICROENTERPRISE FUNDING ALLOCATIONS.

    (a) Findings.--Congress makes the following findings:
        (1) An estimated 45,000,000 of Mexico's 100,000,000 population 
    currently lives below the poverty line, accounting for 20 percent 
    of all poor in Latin America.
        (2) Mexico cannot create enough salaried jobs to absorb new 
    workers entering the labor force.
        (3) While many poor families depend on microenterprise 
    initiatives to generate a livelihood, the United States Agency for 
    International Development currently has two microcredit projects in 
    Mexico, receiving less than 1 percent of overall microenterprise 
    funding in Latin America and the Caribbean during the last decade.
        (4) Mexico's microenterprise activity has been constrained 
    because its financial institutions cannot expand financial services 
    to a larger clientele due to a lack of capital, inefficient 
    financial and administrative management, and a lack of 
    institutional support for microfinance institutions' particular 
    needs.
        (5) Mexican nongovernmental organizations, such as Compartamos, 
    have demonstrated competence in developing local microfinance 
    programs.
        (6) On July 2, 2000, Vicente Fox Quesada of the Alliance for 
    Change was elected President of the United Mexican States.
        (7) The President-elect of Mexico has identified 
    entrepreneurship and the start-up of new microcredit institutions 
    as key economic priorities.
        (8) Microenterprise and entrepreneurial initiatives have proven 
    to be successful components of free market development and economic 
    stability.
    (b) Sense of the Congress.--It is the sense of the Congress that--
        (1) providing Mexico's poor with economic opportunity and 
    microfinance services is fundamental to Mexico's economic 
    development;
        (2) microenterprise can have a positive impact on Mexico's free 
    market development; and
        (3) the United States Agency for International Development 
    should consider Mexico as a key priority in its microenterprise 
    funding allocations.

TITLE II--INTERNATIONAL ANTI-CORRUPTION AND GOOD GOVERNANCE ACT OF 2000

SEC. 201. SHORT TITLE.

    This title may be cited as the ``International Anti-Corruption and 
Good Governance Act of 2000''.

SEC. 202. FINDINGS AND PURPOSE.

    (a) Findings.--Congress finds the following:
        (1) Widespread corruption endangers the stability and security 
    of societies, undermines democracy, and jeopardizes the social, 
    political, and economic development of a society.
        (2) Corruption facilitates criminal activities, such as money 
    laundering, hinders economic development, inflates the costs of 
    doing business, and undermines the legitimacy of the government and 
    public trust.
        (3) In January 1997 the United Nations General Assembly adopted 
    a resolution urging member states to carefully consider the 
    problems posed by the international aspects of corrupt practices 
    and to study appropriate legislative and regulatory measures to 
    ensure the transparency and integrity of financial systems.
        (4) The United States was the first country to criminalize 
    international bribery through the enactment of the Foreign Corrupt 
    Practices Act of 1977 and United States leadership was instrumental 
    in the passage of the Organization for Economic Cooperation and 
    Development (OECD) Convention on Combatting Bribery of Foreign 
    Public Officials in International Business Transactions.
        (5) The Vice President, at the Global Forum on Fighting 
    Corruption in 1999, declared corruption to be a direct threat to 
    the rule of law and the Secretary of State declared corruption to 
    be a matter of profound political and social consequence for our 
    efforts to strengthen democratic governments.
        (6) The Secretary of State, at the Inter-American Development 
    Bank's annual meeting in March 2000, declared that despite certain 
    economic achievements, democracy is being threatened as citizens 
    grow weary of the corruption and favoritism of their official 
    institutions and that efforts must be made to improve governance if 
    respect for democratic institutions is to be regained.
        (7) In May 1996 the Organization of American States (OAS) 
    adopted the Inter-American Convention Against Corruption requiring 
    countries to provide various forms of international cooperation and 
    assistance to facilitate the prevention, investigation, and 
    prosecution of acts of corruption.
        (8) Independent media, committed to fighting corruption and 
    trained in investigative journalism techniques, can both educate 
    the public on the costs of corruption and act as a deterrent 
    against corrupt officials.
        (9) Competent and independent judiciary, founded on a merit-
    based selection process and trained to enforce contracts and 
    protect property rights, is critical for creating a predictable and 
    consistent environment for transparency in legal procedures.
        (10) Independent and accountable legislatures, responsive 
    political parties, and transparent electoral processes, in 
    conjunction with professional, accountable, and transparent 
    financial management and procurement policies and procedures, are 
    essential to the promotion of good governance and to the combat of 
    corruption.
        (11) Transparent business frameworks, including modern 
    commercial codes and intellectual property rights, are vital to 
    enhancing economic growth and decreasing corruption at all levels 
    of society.
        (12) The United States should attempt to improve accountability 
    in foreign countries, including by--
            (A) promoting transparency and accountability through 
        support for independent media, promoting financial disclosure 
        by public officials, political parties, and candidates for 
        public office, open budgeting processes, adequate and effective 
        internal control systems, suitable financial management 
        systems, and financial and compliance reporting;
            (B) supporting the establishment of audit offices, 
        inspectors general offices, third party monitoring of 
        government procurement processes, and anti-corruption agencies;
            (C) promoting responsive, transparent, and accountable 
        legislatures that ensure legislative oversight and whistle-
        blower protection;
            (D) promoting judicial reforms that criminalize corruption 
        and promoting law enforcement that prosecutes corruption;
            (E) fostering business practices that promote transparent, 
        ethical, and competitive behavior in the private sector through 
        the development of an effective legal framework for commerce, 
        including anti-bribery laws, commercial codes that incorporate 
        international standards for business practices, and protection 
        of intellectual property rights; and
            (F) promoting free and fair national, state, and local 
        elections.
    (b) Purpose.--The purpose of this title is to ensure that United 
States assistance programs promote good governance by assisting other 
countries to combat corruption throughout society and to improve 
transparency and accountability at all levels of government and 
throughout the private sector.

SEC. 203. DEVELOPMENT ASSISTANCE POLICY.

    (a) General Policy.--Section 101(a) of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2151(a)) is amended in the fifth sentence--
        (1) by striking ``four'' and inserting ``five'';
        (2) by striking ``and'' at the end of paragraph (3);
        (3) in paragraph (4), by striking the period at the end and 
    inserting ``; and''; and
        (4) by adding at the end the following:
        ``(5) the promotion of good governance through combating 
    corruption and improving transparency and accountability.''.
    (b) Development Assistance Policy.--Section 102(b) of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2151-1(b)) is amended--
        (1) in paragraph (4)--
            (A) by striking ``and'' at the end of subparagraph (E);
            (B) in subparagraph (F), by striking the period at the end 
        and inserting ``; and''; and
            (C) by adding at the end the following:
            ``(G) progress in combating corruption and improving 
        transparency and accountability in the public and private 
        sector.''; and
        (2) by adding at the end the following:
        ``(17) Economic reform and development of effective 
    institutions of democratic governance are mutually reinforcing. The 
    successful transition of a developing country is dependent upon the 
    quality of its economic and governance institutions. Rule of law, 
    mechanisms of accountability and transparency, security of person, 
    property, and investments, are but a few of the critical governance 
    and economic reforms that underpin the sustainability of broad-
    based economic growth. Programs in support of such reforms 
    strengthen the capacity of people to hold their governments 
    accountable and to create economic opportunity.''.

SEC. 204. DEPARTMENT OF THE TREASURY TECHNICAL ASSISTANCE PROGRAM FOR 
              DEVELOPING COUNTRIES.

    Section 129(b) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2151aa(b)) is amended by adding at the end the following:
        ``(3) Emphasis on anti-corruption.--Such technical assistance 
    shall include elements designed to combat anti-competitive, 
    unethical, and corrupt activities, including protection against 
    actions that may distort or inhibit transparency in market 
    mechanisms and, to the extent applicable, privatization 
    procedures.''.

SEC. 205. AUTHORIZATION OF GOOD GOVERNANCE PROGRAMS.

    (a) In General.--Chapter 1 of part I of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2151 et seq.), as amended by sections 105 and 107, 
is further amended by adding at the end the following:

``SEC. 133. PROGRAMS TO ENCOURAGE GOOD GOVERNANCE.

    ``(a) Establishment of Programs.--
        ``(1) In general.--The President is authorized to establish 
    programs that combat corruption, improve transparency and 
    accountability, and promote other forms of good governance in 
    countries described in paragraph (2).
        ``(2) Countries described.--A country described in this 
    paragraph is a country that is eligible to receive assistance under 
    this part (including chapter 4 of part II of this Act) or the 
    Support for East European Democracy (SEED) Act of 1989.
        ``(3) Priority.--In carrying out paragraph (1), the President 
    shall give priority to establishing programs in countries that 
    received a significant amount of United States foreign assistance 
    for the prior fiscal year, or in which the United States has a 
    significant economic interest, and that continue to have the most 
    persistent problems with public and private corruption. In 
    determining which countries have the most persistent problems with 
    public and private corruption under the preceding sentence, the 
    President shall take into account criteria such as the Transparency 
    International Annual Corruption Perceptions Index, standards and 
    codes set forth by the International Bank for Reconstruction and 
    Development and the International Monetary Fund, and other relevant 
    criteria.
        ``(4) Relation to other laws.--
            ``(A) In general.--Assistance provided for countries under 
        programs established pursuant to paragraph (1) may be made 
        available notwithstanding any other provision of law that 
        restricts assistance to foreign countries. Assistance provided 
        under a program established pursuant to paragraph (1) for a 
        country that would otherwise be restricted from receiving such 
        assistance but for the preceding sentence may not be provided 
        directly to the government of the country.
            ``(B) Exception.--Subparagraph (A) does not apply with 
        respect to--
                ``(i) section 620A of this Act or any comparable 
            provision of law prohibiting assistance to countries that 
            support international terrorism; or
                ``(ii) section 907 of the Freedom for Russia and 
            Emerging Eurasian Democracies and Open Markets Support Act 
            of 1992.
    ``(b) Specific Projects and Activities.--The programs established 
pursuant to subsection (a) shall include, to the extent appropriate, 
projects and activities that--
        ``(1) support responsible independent media to promote 
    oversight of public and private institutions;
        ``(2) implement financial disclosure among public officials, 
    political parties, and candidates for public office, open budgeting 
    processes, and transparent financial management systems;
        ``(3) support the establishment of audit offices, inspectors 
    general offices, third party monitoring of government procurement 
    processes, and anti-corruption agencies;
        ``(4) promote responsive, transparent, and accountable 
    legislatures and local governments that ensure legislative and 
    local oversight and whistle-blower protection;
        ``(5) promote legal and judicial reforms that criminalize 
    corruption and law enforcement reforms and development that 
    encourage prosecutions of criminal corruption;
        ``(6) assist in the development of a legal framework for 
    commercial transactions that fosters business practices that 
    promote transparent, ethical, and competitive behavior in the 
    economic sector, such as commercial codes that incorporate 
    international standards and protection of intellectual property 
    rights;
        ``(7) promote free and fair national, state, and local 
    elections;
        ``(8) foster public participation in the legislative process 
    and public access to government information; and
        ``(9) engage civil society in the fight against corruption.
    ``(c) Conduct of Projects and Activities.--Projects and activities 
under the programs established pursuant to subsection (a) may include, 
among other things, training and technical assistance (including 
drafting of anti-corruption, privatization, and competitive statutory 
and administrative codes), drafting of anti-corruption, privatization, 
and competitive statutory and administrative codes, support for 
independent media and publications, financing of the program and 
operating costs of nongovernmental organizations that carry out such 
projects or activities, and assistance for travel of individuals to the 
United States and other countries for such projects and activities.
    ``(d) Annual Report.--
        ``(1) In general.--The Secretary of State, in consultation with 
    the Secretary of Commerce and the Administrator of the United 
    States Agency for International Development, shall prepare and 
    transmit to the Committee on International Relations and the 
    Committee on Appropriations of the House of Representatives and the 
    Committee on Foreign Relations and the Committee on Appropriations 
    of the Senate an annual report on--
            ``(A) projects and activities carried out under programs 
        established under subsection (a) for the prior year in priority 
        countries identified pursuant to subsection (a)(3); and
            ``(B) projects and activities carried out under programs to 
        combat corruption, improve transparency and accountability, and 
        promote other forms of good governance established under other 
        provisions of law for the prior year in such countries.
        ``(2) Required contents.--The report required by paragraph (1) 
    shall contain the following information with respect to each 
    country described in paragraph (1):
            ``(A) A description of all United States Government-funded 
        programs and initiatives to combat corruption and improve 
        transparency and accountability in the country.
            ``(B) A description of United States diplomatic efforts to 
        combat corruption and improve transparency and accountability 
        in the country.
            ``(C) An analysis of major actions taken by the government 
        of the country to combat corruption and improve transparency 
        and accountability in the country.
    ``(e) Funding.--Amounts made available to carry out the other 
provisions of this part (including chapter 4 of part II of this Act) 
and the Support for East European Democracy (SEED) Act of 1989 shall be 
made available to carry out this section.''.
    (b) Deadline for Initial Report.--The initial annual report 
required by section 133(d)(1) of the Foreign Assistance Act of 1961, as 
added by subsection (a), shall be transmitted not later than 180 days 
after the date of the enactment of this Act.

       TITLE III--INTERNATIONAL ACADEMIC OPPORTUNITY ACT OF 2000

SEC. 301. SHORT TITLE.

    This title may be cited as the ``International Academic Opportunity 
Act of 2000''.

SEC. 302. STATEMENT OF PURPOSE.

    It is the purpose of this title to establish an undergraduate grant 
program for students of limited financial means from the United States 
to enable such students to study abroad. Such foreign study is intended 
to broaden the outlook and better prepare such students of demonstrated 
financial need to assume significant roles in the increasingly global 
economy.

SEC. 303. ESTABLISHMENT OF GRANT PROGRAM FOR FOREIGN STUDY BY AMERICAN 
              COLLEGE STUDENTS OF LIMITED FINANCIAL MEANS.

    (a) Establishment.--Subject to the availability of appropriations 
and under the authorities of the Mutual Educational and Cultural 
Exchange Act of 1961, the Secretary of State shall establish and carry 
out a program in each fiscal year to award grants of up to $5,000, to 
individuals who meet the requirements of subsection (b), toward the 
cost of up to one academic year of undergraduate study abroad. Grants 
under this Act shall be known as the ``Benjamin A. Gilman International 
Scholarships''.
    (b) Eligibility.--An individual referred to in subsection (a) is an 
individual who--
        (1) is a student in good standing at an institution of higher 
    education in the United States (as defined in section 101(a) of the 
    Higher Education Act of 1965);
        (2) has been accepted for up to one academic year of study on a 
    program of study abroad approved for credit by the student's home 
    institution;
        (3) is receiving any need-based student assistance under title 
    IV of the Higher Education Act of 1965; and
        (4) is a citizen or national of the United States.
    (c) Application and Selection.--
        (1) Grant application and selection shall be carried out 
    through accredited institutions of higher education in the United 
    States or a combination of such institutions under such procedures 
    as are established by the Secretary of State.
        (2) In considering applications for grants under this section--
            (A) consideration of financial need shall include the 
        increased costs of study abroad; and
            (B) priority consideration shall be given to applicants who 
        are receiving Federal Pell Grants under title IV of the Higher 
        Education Act of 1965.

SEC. 304. REPORT TO CONGRESS.

    The Secretary of State shall report annually to the Congress 
concerning the grant program established under this title. Each such 
report shall include the following information for the preceding year:
        (1) The number of participants.
        (2) The institutions of higher education in the United States 
    that participants attended.
        (3) The institutions of higher education outside the United 
    States participants attended during their study abroad.
        (4) The areas of study of participants.

SEC. 305. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated $1,500,000 for each fiscal 
year to carry out this title.

SEC. 306. EFFECTIVE DATE.

    This title shall take effect October 1, 2000.

                   TITLE IV--MISCELLANEOUS PROVISIONS

SEC. 401. SUPPORT FOR OVERSEAS COOPERATIVE DEVELOPMENT ACT.

    (a) Short Title.--This section may be cited as the ``Support for 
Overseas Cooperative Development Act''.
    (b) Findings.--The Congress makes the following findings:
        (1) It is in the mutual economic interest of the United States 
    and peoples in developing and transitional countries to promote 
    cooperatives and credit unions.
        (2) Self-help institutions, including cooperatives and credit 
    unions, provide enhanced opportunities for people to participate 
    directly in democratic decision-making for their economic and 
    social benefit through ownership and control of business 
    enterprises and through the mobilization of local capital and 
    savings and such organizations should be fully utilized in 
    fostering free market principles and the adoption of self-help 
    approaches to development.
        (3) The United States seeks to encourage broad-based economic 
    and social development by creating and supporting--
            (A) agricultural cooperatives that provide a means to lift 
        low income farmers and rural people out of poverty and to 
        better integrate them into national economies;
            (B) credit union networks that serve people of limited 
        means through safe savings and by extending credit to families 
        and microenterprises;
            (C) electric and telephone cooperatives that provide rural 
        customers with power and telecommunications services essential 
        to economic development;
            (D) housing and community-based cooperatives that provide 
        low income shelter and work opportunities for the urban poor; 
        and
            (E) mutual and cooperative insurance companies that provide 
        risk protection for life and property to under-served 
        populations often through group policies.
    (c) General Provisions.--
        (1) Declarations of policy.--The Congress supports the 
    development and expansion of economic assistance programs that 
    fully utilize cooperatives and credit unions, particularly those 
    programs committed to--
            (A) international cooperative principles, democratic 
        governance and involvement of women and ethnic minorities for 
        economic and social development;
            (B) self-help mobilization of member savings and equity and 
        retention of profits in the community, except for those 
        programs that are dependent on donor financing;
            (C) market-oriented and value-added activities with the 
        potential to reach large numbers of low income people and help 
        them enter into the mainstream economy;
            (D) strengthening the participation of rural and urban poor 
        to contribute to their country's economic development; and
            (E) utilization of technical assistance and training to 
        better serve the member-owners.
        (2) Development priorities.--Section 111 of the Foreign 
    Assistance Act of 1961 (22 U.S.C. 2151i) is amended by adding at 
    the end the following: ``In meeting the requirement of the 
    preceding sentence, specific priority shall be given to the 
    following:
        ``(1) Agriculture.--Technical assistance to low income farmers 
    who form and develop member-owned cooperatives for farm supplies, 
    marketing and value-added processing.
        ``(2) Financial systems.--The promotion of national credit 
    union systems through credit union-to-credit union technical 
    assistance that strengthens the ability of low income people and 
    micro-entrepreneurs to save and to have access to credit for their 
    own economic advancement.
        ``(3) Infrastructure.--The support of rural electric and 
    telecommunication cooperatives for access for rural people and 
    villages that lack reliable electric and telecommunications 
    services.
        ``(4) Housing and community services.--The promotion of 
    community-based cooperatives which provide employment opportunities 
    and important services such as health clinics, self-help shelter, 
    environmental improvements, group-owned businesses, and other 
    activities.''.
    (d) Report.--Not later than 6 months after the date of the 
enactment of this Act, the Administrator of the United States Agency 
for International Development, in consultation with the heads of other 
appropriate agencies, shall prepare and submit to Congress a report on 
the implementation of section 111 of the Foreign Assistance Act of 1961 
(22 U.S.C. 2151i), as amended by subsection (c).

SEC. 402. FUNDING OF CERTAIN ENVIRONMENTAL ASSISTANCE ACTIVITIES OF 
              USAID.

    (a) Allocation of Funds for Certain Environmental Activities.--Of 
the amounts authorized to be appropriated for the fiscal year 2001 to 
carry out chapter 1 of part I of the Foreign Assistance Act of 1961 (22 
U.S.C. 2151 et seq.; relating to development assistance), there is 
authorized to be available at least $60,200,000 to carry out activities 
of the type carried out by the Global Environment Center of the United 
States Agency for International Development during fiscal year 2000.
    (b) Allocation for Water and Coastal Resources.--Of the amounts 
made available under subsection (a), at least $2,500,000 shall be 
available for water and coastal resources activities under the natural 
resources management function specified in that subsection.

SEC. 403. PROCESSING OF APPLICATIONS FOR TRANSPORTATION OF HUMANITARIAN 
              ASSISTANCE ABROAD BY THE DEPARTMENT OF DEFENSE.

    (a) Priority for Disaster Relief Assistance.--In processing 
applications for the transportation of humanitarian assistance abroad 
under section 402 of title 10, United States Code, the Administrator of 
the United States Agency for International Development shall afford a 
priority to applications for the transportation of disaster relief 
assistance.
    (b) Modification of Applications.--The Administrator of the United 
States Agency for International Development shall take all possible 
actions to assist applicants for the transportation of humanitarian 
assistance abroad under such section 402 in modifying or completing 
applications submitted under such section in order to meet applicable 
requirements under such section. The actions shall include efforts to 
contact such applicants for purposes of the modification or completion 
of such applications.

SEC. 404. WORKING CAPITAL FUND.

    Section 635 of the Foreign Assistance Act of 1961 (22 U.S.C. 2395) 
is amended by adding at the end the following new subsection:
    ``(m)(1) There is established a working capital fund (in this 
subsection referred to as the `fund') for the United States Agency for 
International Development (in this subsection referred to as the 
`Agency') which shall be available without fiscal year limitation for 
the expenses of personal and nonpersonal services, equipment, and 
supplies for--
        ``(A) International Cooperative Administrative Support 
    Services; and
        ``(B) rebates from the use of United States Government credit 
    cards.
    ``(2) The capital of the fund shall consist of--
        ``(A) the fair and reasonable value of such supplies, 
    equipment, and other assets pertaining to the functions of the fund 
    as the Administrator determines,
        ``(B) rebates from the use of United States Government credit 
    cards, and
        ``(C) any appropriations made available for the purpose of 
    providing capital,
minus related liabilities.
    ``(3) The fund shall be reimbursed or credited with advance 
payments for services, equipment, or supplies provided from the fund 
from applicable appropriations and funds of the Agency, other Federal 
agencies and other sources authorized by section 607 at rates that will 
recover total expenses of operation, including accrual of annual leave 
and depreciation. Receipts from the disposal of, or payments for the 
loss or damage to, property held in the fund, rebates, reimbursements, 
refunds and other credits applicable to the operation of the fund may 
be deposited in the fund.
    ``(4) At the close of each fiscal year the Administrator of the 
Agency shall transfer out of the fund to the miscellaneous receipts 
account of the Treasury of the United States such amounts as the 
Administrator determines to be in excess of the needs of the fund.
    ``(5) The fund may be charged with the current value of supplies 
and equipment returned to the working capital of the fund by a post, 
activity, or agency, and the proceeds shall he credited to current 
applicable appropriations.''.

SEC. 405. INCREASE IN AUTHORIZED NUMBER OF EMPLOYEES AND 
              REPRESENTATIVES OF THE UNITED STATES MISSION TO THE 
              UNITED NATIONS PROVIDED LIVING QUARTERS IN NEW YORK.

    Section 9(2) of the United Nations Participation Act of 1945 (22 
U.S.C. 287e-1(2)) is amended by striking ``18'' and inserting ``30''.

SEC. 406. AVAILABILITY OF VOA AND RADIO MARTI MULTILINGUAL COMPUTER 
              READABLE TEXT AND VOICE RECORDINGS.

    Section 1(b) of Public Law 104-269 (110 Stat. 3300) is amended by 
striking ``5 years'' and inserting ``10 years''.

SEC. 407. AVAILABILITY OF CERTAIN MATERIALS OF THE VOICE OF AMERICA.

    (a) Authority.--
        (1) In general.--Subject to the provisions of this section, the 
    Broadcasting Board of Governors (in this section referred to as the 
    ``Board'') is authorized to make available to the Institute for 
    Media Development (in this section referred to as the 
    ``Institute''), at the request of the Institute, previously 
    broadcast audio and video materials produced by the Africa Division 
    of the Voice of America.
        (2) Deposit of materials.--Upon the request of the Institute 
    and the approval of the Board, materials made available under 
    paragraph (1) may be deposited with the University of California, 
    Los Angeles, or such other appropriate institution of higher 
    education (as defined in section 101(a) of the Higher Education Act 
    of 1965 (20 U.S.C. 1001(a)) that is approved by the Board for such 
    purpose.
        (3) Supersedes existing law.--Materials made available under 
    paragraph (1) may be provided notwithstanding section 501 of the 
    United States Information and Educational Exchange Act of 1948 (22 
    U.S.C. 1461) and section 208 of the Foreign Relations Authorization 
    Act, Fiscal Years 1986 and 1987 (22 U.S.C. 1461-1a).
    (b) Limitations.--
        (1) Authorized purposes.--Materials made available under this 
    section shall be used only for academic and research purposes and 
    may not be used for public or commercial broadcast purposes.
        (2) Prior agreement required.--Before making available 
    materials under subsection (a)(1), the Board shall enter into an 
    agreement with the Institute providing for--
            (A) reimbursement of the Board for any expenses involved in 
        making such materials available;
            (B) the establishment of guidelines by the Institute for 
        the archiving and use of the materials to ensure that 
        copyrighted works contained in those materials will not be used 
        in a manner that would violate the copyright laws of the United 
        States (including international copyright conventions to which 
        the United States is a party);
            (C) the indemnification of the United States by the 
        Institute in the event that any use of the materials results in 
        violation of the copyright laws of the United States (including 
        international copyright conventions to which the United States 
        is a party);
            (D) the authority of the Board to terminate the agreement 
        if the provisions of paragraph (1) are violated; and
            (E) any other terms and conditions relating to the 
        materials that the Board considers appropriate.
    (c) Crediting of Reimbursements to Board Appropriations Account.--
Any reimbursement of the Board under subsection (b) shall be deposited 
as an offsetting collection to the currently applicable appropriation 
account of the Board.
    (d) Termination of Authority.--The authority provided under this 
section shall cease to have effect on the date that is 5 years after 
the date of the enactment of this Act.

SEC. 408. PAUL D. COVERDELL FELLOWS PROGRAM ACT OF 2000.

    (a) Short Title.--This section may be cited as the ``Paul D. 
Coverdell Fellows Program Act of 2000''.
    (b) Findings.--Congress makes the following findings:
        (1) Paul D. Coverdell was elected to the George State Senate in 
    1970 and later became Minority Leader of the Georgia State Senate, 
    a post he held for 15 years.
        (2) Paul D. Coverdell served with distinction as the 11th 
    Director of the Peace Corps from 1989 to 1991, where he promoted a 
    fellowship program that was composed of returning Peace Corps 
    volunteers who agreed to work in underserved American communities 
    while they pursued educational degrees.
        (3) Paul D. Coverdell served in the United States Senate from 
    the State of Georgia from 1993 until his sudden death on July 18, 
    2000.
        (4) Senator Paul D. Coverdell was beloved by his colleagues for 
    his civility, bipartisan efforts, and his dedication to public 
    service.
    (c) Designation of Paul D. Coverdell Fellows Program.--
        (1) In general.--Effective on the date of the enactment of this 
    Act, the program under section 18 of the Peace Corps Act (22 U.S.C. 
    2517) referred to before such date as the ``Peace Corps Fellows/USA 
    Program'' is redesignated as the ``Paul D. Coverdell Fellows 
    Program''.
        (2) References.--Any reference before the date of the enactment 
    of this Act in any law, regulation, order, document, record, or 
    other paper of the United States to the Peace Corps Fellows/USA 
    Program shall, on and after such date, be considered to refer to 
    the Paul D. Coverdell Fellows Program.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.