[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1108 Introduced in House (IH)]







110th CONGRESS
  2d Session
H. RES. 1108

 Expressing the sense of the House of Representatives that future Iraq 
      reconstruction should be paid for by the Government of Iraq.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 15, 2008

   Mr. Shays (for himself and Mr. Reichert) submitted the following 
   resolution; which was referred to the Committee on Foreign Affairs

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the sense of the House of Representatives that future Iraq 
      reconstruction should be paid for by the Government of Iraq.

Whereas Americans are grateful to the men and women who have served and are 
        serving in the Armed Forces;
Whereas over 4,000 American troops have been killed, over 30,000 American troops 
        wounded, and our Nation has spent close to $500,000,000,000 to free the 
        citizens of Iraq;
Whereas Iraq has the world's third largest oil reserve, with 115,000,000,000 
        proven barrels of oil;
Whereas Iraq's oil sales brought in $41,000,000,000 in 2007, and over 
        $10,000,000,000 in 2008 as of March 5;
Whereas approximately $12,000,000,000 is in an account into which the Government 
        of Iraq deposits revenues, and out of which it draws for expenditures;
Whereas another account contains approximately $27,000,000,000 in currency 
        reserves; and
Whereas there have been problems allocating and spending these funds: Now, 
        therefore, be it
    Resolved, That it is the sense of the House of Representatives that 
funding for future Iraq reconstruction initiatives and training of 
Iraqi security forces should come from Iraqi revenues, and if the 
Government of Iraq cannot properly allocate and spend its revenues, any 
funding from the United States to Iraq for reconstruction and security 
training should be provided as a loan to Iraq.
                                 <all>