[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3519 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 3519

  To provide for negotiations for the creation of a trust fund to be 
     administered by the International Bank for Reconstruction and 
Development or the International Development Association to combat the 
                             AIDS epidemic.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 24, 2000

  Mr. Leach introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
  To provide for negotiations for the creation of a trust fund to be 
     administered by the International Bank for Reconstruction and 
Development or the International Development Association to combat the 
                             AIDS epidemic.

    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 ``World Bank AIDS Prevention Trust 
Fund Act''.

SEC. 2. FINDINGS AND PURPOSES.

    (a) Findings.--The Congress finds the following:
            (1) According to statistics of the International Bank for 
        Reconstruction and Development (World Bank), more than 90 
        percent of all adults and children with human immunodeficiency 
        virus/acquired immune deficiency syndrome (HIV/AIDS) live in 
        the developing world--62 percent in Sub-Saharan Africa, 24 
        percent in Asia, and 6.9 percent in Latin America and the 
        Caribbean.
            (2) In Africa, the death toll from AIDS has reached 
        13,000,000, while 23,000,000 others live with the disease, and 
        more than 10,000,000 children have been infected or orphaned by 
        it.
            (3) The World Bank, declaring AIDS not just a public health 
        problem but the ``foremost and fastest-growing threat to 
        development'' in Africa, has launched a new strategy for HIV/
        AIDS in Africa, declaring it a top priority for the Bank on 
        that continent.
            (4) The World Bank estimates that for Africa alone 
        $1,000,000,000 to $2,300,000,000 annually is needed for 
        prevention in the region in contrast to the modest $160,000,000 
        a year in official assistance currently available for HIV/AIDS 
        in Africa.
            (5) AIDS, like all diseases, knows no boundaries, and there 
        is no certitiude that the scale of the problem in one continent 
        can be contained within that region.
            (6) Accordingly, United States financial support for 
        medical research, education, and disease containment as a 
        global strategy has beneficial ramifications for millions of 
        Americans and their families who are affected by this disease, 
        and the entire population which is potentially susceptible.
    (b) Purposes.--The purposes of this Act are to prevent human 
suffering and to ensure the viability of economic development, 
stability, and national security in the developing world by advancing 
research to understand the causes associated with HIV/AIDS in 
developing countries and to assist in the development of an AIDS 
vaccine.

 TITLE I--NEGOTIATIONS FOR THE CREATION OF A WORLD BANK TRUST FUND TO 
               ASSIST IN AIDS PREVENTION AND ERADICATION

SEC. 101. NEGOTIATIONS FOR THE CREATION OF A WORLD BANK TRUST FUND TO 
              ASSIST IN AIDS PREVENTION AND ERADICATION.

    The Secretary of the Treasury shall seek to enter into negotiations 
with the International Bank for Reconstruction and Development or the 
International Development Association and with the member nations of 
such institutions and with other interested parties for the creation of 
a trust fund which could accept contributions from governments, the 
private sector, and nongovernmental entities of all kinds and use such 
contributions to address the AIDS epidemic in countries eligible to 
borrow from the International Development Association.

            TITLE II--UNITED STATES FINANCIAL PARTICIPATION

SEC. 201. LIMITATIONS ON AUTHORIZATION OF APPROPRIATIONS.

    In addition to any other funds authorized to be appropriated for 
multilateral or bilateral programs related to AIDS, there are 
authorized to be appropriated to the Secretary of the Treasury 
$100,000,000 for each of fiscal years 2001 through 2005 for payment to 
the trust fund established as a result of negotiations entered into 
pursuant to section 101.

                           TITLE III--REPORT

SEC. 301. REPORT TO THE CONGRESS.

    Not later than 3 years after the date of the enactment of this Act, 
the Secretary of the Treasury shall submit to the Committees on Banking 
and Financial Services and on International Relations of the House of 
Representatives and the Committees on Banking, Housing, and Urban 
Affairs and on Foreign Relations of the Senate a written report on the 
trust fund established pursuant to section 101, the goals of the trust 
fund, the programs, projects, and activities, including any vaccination 
approaches, supported by the trust fund, and the effectiveness of such 
programs, projects, and activities in reducing the worldwide spread of 
AIDS.
                                 <all>