[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5899 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5899

 To require funding under the Iraq Security Forces Fund to be provided 
 in the form of loans and to require the Government of Iraq to provide 
 matching funds under the Commanders' Emergency Response Program to be 
used for agreed-upon purposes which enable military commanders in Iraq 
      to respond to urgent humanitarian relief and reconstruction 
                             requirements.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 24, 2008

 Mr. Boyd of Florida introduced the following bill; which was referred 
to the Committee on Armed Services, and in addition to the Committee on 
  Foreign Affairs, 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 require funding under the Iraq Security Forces Fund to be provided 
 in the form of loans and to require the Government of Iraq to provide 
 matching funds under the Commanders' Emergency Response Program to be 
used for agreed-upon purposes which enable military commanders in Iraq 
      to respond to urgent humanitarian relief and reconstruction 
                             requirements.

    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 ``Iraq Shared Investment Act''.

SEC. 2. REQUIREMENT THAT FUNDING UNDER THE IRAQ SECURITY FORCES FUND BE 
              PROVIDED IN THE FORM OF LOANS.

    Notwithstanding any other provision of law, amounts made available 
under the Iraq Security Forces Fund that are unobligated and unexpended 
on or after the date of the enactment of this Act shall be provided in 
the form of loans subject to full repayment to the Government of the 
United States.

SEC. 3. REQUIREMENT THAT THE GOVERNMENT OF IRAQ PROVIDE MATCHING FUNDS 
              UNDER THE COMMANDERS' EMERGENCY RESPONSE PROGRAM.

    (a) In General.--Section 1202 of the National Defense Authorization 
Act for Fiscal Year 2006 (Public Law 109-163; 119 Stat. 3455-3456), as 
amended by section 1205 of Public Law 110-181; 122 Stat. 366), is 
further amended by adding at the end the following:
    ``(f) Matching Fund Requirement Under the Commanders' Emergency 
Response Program.--
            ``(1) In general.--For each of the fiscal years 2008 and 
        2009, the Secretary of Defense shall withhold from obligation 
        and expenditure not less than 20 percent of the amount made 
        available under this section for the Commanders' Emergency 
        Response Program until the Secretary of Defense certifies to 
        the congressional defense committees that the Government of 
        Iraq has agreed to provide an amount equal to 20 percent of the 
        amount made available under this section for the Commanders' 
        Emergency Response Program from its own resources to be used 
        for agreed-upon purposes which enable military commanders in 
        Iraq to respond to urgent humanitarian relief and 
        reconstruction requirements.
            ``(2) Reduction of national debt.--If the Secretary of 
        Defense is unable to make the certification under paragraph 
        (1), the amount withheld from obligation and expenditure under 
        paragraph (1) shall be available for reducing the national 
        debt.''.
    (b) Effective Date.--Section 1202(f) of the National Defense 
Authorization Act for Fiscal Year 2006, as added by subsection (a), 
shall apply with respect to amounts made available under such section 
for the Commanders' Emergency Response Program that are unobligated and 
unexpended on or after the date of the enactment of this Act.
                                 <all>