[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2948 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 2948

   To authorize the President to agree to certain amendments to the 
 Agreement Between the Government of the United States of America and 
      the Government of the United Mexican States Concerning the 
  Establishment of a Border Environment Cooperation Commission and a 
                    North American Development Bank.


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                   IN THE SENATE OF THE UNITED STATES

                           September 17, 2002

Mrs. Hutchison introduced the following bill; which was read twice and 
             referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
   To authorize the President to agree to certain amendments to the 
 Agreement Between the Government of the United States of America and 
      the Government of the United Mexican States Concerning the 
  Establishment of a Border Environment Cooperation Commission and a 
                    North American Development Bank.

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

SECTION 1. AUTHORIZATION TO CERTAIN AMENDMENTS REGARDING NORTH AMERICAN 
              DEVELOPMENT BANK.

    (a) In General.--Part 2 of subtitle D of title V of the North 
American Free Trade Agreement Implementation Act (22 U.S.C. 290m et 
seq.) is amended by inserting after section 543 the following new 
section:

``SEC. 543A. AUTHORIZATION TO AMEND COOPERATION AGREEMENT.

    ``The President is authorized to instruct the United States 
representative to the Bank to vote for or otherwise agree to amendments 
to the Cooperation Agreement that would--
            ``(1) authorize the Bank, with the approval of its Board of 
        Directors, to make grants and non-market rate loans out of its 
        paid-in capital, if the grants are structured only as co-
        financing to pay a portion of the recipient's debt service on 
        debt financing for the project for which the grant is made; and
            ``(2) amend the definition of `border region' to include 
        the area in the United States that is within 100 kilometers of 
        the international boundary between the United States and 
        Mexico, and the area in Mexico that is within 300 kilometers of 
        the international boundary between the United States and 
        Mexico.''.
    (b) Conforming Amendment.--The table of contents for the North 
American Free Trade Agreement Implementation Act is amended by 
inserting after the item relating to section 543, the following new 
item:

``Sec. 543A. Authorization to amend Cooperation Agreement.''.
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