[Congressional Record Volume 144, Number 26 (Thursday, March 12, 1998)]
[House]
[Pages H1159-H1160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               AMENDMENTS

  Under clause 6 of rule XXIII, proposed amendments were submitted as 
follows:

                               H.R. ____

                        Offered by: Mr. Sanders

                (IMF Supplemental Appropriations, FY98)

       Amendment No. 1: At the appropriate place in the bill, 
     insert the following:

     SEC. ____. PROHIBITION OF FUNDING OF THE INTERNATIONAL 
                   MONETARY FUND UNLESS ITS BY-LAWS REQUIRE THAT 
                   PRIVATE CREDITORS PROVIDE CRISIS RESOLUTION 
                   ASSISTANCE BEFORE THE INTERNATIONAL MONETARY 
                   FUND DOES.

       Title XV of the International Financial Institutions Act 
     (22 U.S.C. 262o-262o-1) is amended by adding at the end 
     following:

     ``SEC. 1503. PROHIBITION ON FUNDING OF THE INTERNATIONAL 
                   MONETARY FUND UNLESS ITS BY-LAWS REQUIRE THAT 
                   PRIVATE CREDITORS PROVIDE CRISIS RESOLUTION 
                   ASSISTANCE BEFORE THE INTERNATIONAL MONETARY 
                   FUND DOES.

       ``An officer, employee, or agent of the United States may 
     not, directly or indirectly, provide Federal funds to, or for 
     the benefit of, the International Monetary Fund unless the 
     Secretary of the Treasury certifies that the bylaws of the 
     International Monetary Fund provide that the International 
     Monetary Fund shall not provide funds to any country 
     experiencing a financial crisis resulting from excessive and 
     imprudent borrowing by government or private borrowers, 
     unless the private creditors, investors, and banking 
     institutions which had extended such credit make a 
     significant prior contribution by means of debt relief, 
     rollovers of existing credit, or the provision of new credit, 
     as part of an overall program approved by the International 
     Monetary Fund for resolution of the crisis.''.

[[Page H1160]]

                            H. Con. Res. 227

                        Offered By: Mr. Campbell

               (Amendment in the Nature of a Substitute)

       Amendment No. 1: Strike all after the resovling clause and 
     insert the following:

     SECTION 1. REMOVAL OF UNITED STATES ARMED FORCES FROM THE 
                   REPUBLIC OF BOSNIA AND HERZEGOVINA.

       (a) Findings.--The Congress finds the following:
       (1) The Congress has the sole power to declare war under 
     article I, section 8, of the Constitution.
       (2) A state of war has not been declared to exist with 
     respect to the situation in the Republic of Bosnia and 
     Herzegovina.
       (3) A specific authorization for the use of United States 
     Armed Forces with respect to the situation in the Republic of 
     Bosnia and Herzegovina has not been enacted.
       (4) The situation in the Republic of Bosnia and Herzegovina 
     constitutes, within the meaning of section 4(a)(1) of the War 
     Powers Resolution (50 U.S.C. 1543(a)(1)), either hostilities 
     or a situation where imminent involvement in hostilities is 
     clearly indicated by the circumstances into which United 
     States Armed Forces have been introduced.
       (b) Removal of Armed Forces.--
       (1) In general.--Pursuant to section 5(c) of the War Powers 
     Resolution (50 U.S.C. 1544(c)), the Congress hereby directs 
     the President to remove United States Armed Forces from the 
     Republic of Bosnia and Herzegovina not later than 60 days 
     after the date on which a final judgment is entered by a 
     court of competent jurisdiction determining the 
     constitutional validity of this concurrent resolution, unless 
     a declaration of war or specific authorization for such use 
     of United States Armed Forces has been enacted.
       (2) Exception.--The requirement to remove United States 
     Armed Forces from the Republic of Bosnia and Herzegovina 
     under paragraph (1) shall not apply with respect to--
       (A) a limited number of members of the Armed Forces 
     sufficient only to protect United States diplomatic 
     facilities and citizens; or
       (B) noncombatant personnel to advise the North Atlantic 
     Treaty Organization (NATO) Commander in the Republic of 
     Bosnia and Herzegovina.
       (c) Declaration of Policy.--The requirement to remove 
     United States Armed Forces from the Republic of Bosnia and 
     Herzegovina under subsection (b) does not necessarily reflect 
     any disagreement with the purposes or accomplishments of such 
     Armed Forces, nor does it constitute any judgment of how the 
     Congress would vote, if given the opportunity to do so, on 
     either a declaration of war or a specific authorization for 
     the use of such Armed Forces.