[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2822 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2822

    To require the opposition of the United States to International 
  Monetary Fund and World Bank loans to Indonesia until the violence 
  resulting from the referendum on the independence of East Timor has 
                              been ended.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 9, 1999

 Mr. Bentsen (for himself, Mr. Porter, Mr. Frank of Massachusetts, Ms. 
 Pelosi, Mr. Hoyer, Mr. Weygand, Ms. Hooley of Oregon, Mr. Vento, and 
 Mrs. Lowey) introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
    To require the opposition of the United States to International 
  Monetary Fund and World Bank loans to Indonesia until the violence 
  resulting from the referendum on the independence of East Timor has 
                              been ended.

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

SECTION 1. CONDITIONAL OPPOSITION OF THE UNITED STATES TO INTERNATIONAL 
              MONETARY FUND AND WORLD BANK LOANS TO INDONESIA.

    The Bretton Woods Agreements Act (22 U.S.C. 286-286mm) is amended 
by adding at the end the following:

``SEC. 61. CONDITIONAL OPPOSITION OF THE UNITED STATES TO FUND AND BANK 
              LOANS TO INDONESIA.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Directors at the Fund and the Bank to use the voice, vote, 
and influence of the United States to oppose the provision by the Fund 
or the Bank of any new loan, any extension of any existing loan, and 
any payment remaining to be made on any existing loan, to the 
Government of Indonesia, until the President of the United States is 
satisfied that the violence and human rights violations in East Timor 
that have resulted from the August 30, 1999, referendum on independence 
for East Timor have been ended.''.
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