[Congressional Record Volume 144, Number 100 (Thursday, July 23, 1998)]
[Senate]
[Page S8944]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         INTERNATIONAL MONETARY FUND APPROPRIATIONS ACT OF 1998

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                      MURKOWSKI AMENDMENT NO. 3325

  Mr. MURKOWSKI proposed an amendment to the bill (S. 2334) making 
appropriations for foreign operations, export financing, and related 
programs for the fiscal year ending September 30, 1999, and for other 
purposes; as follows:

     SECTION 1. ENVIRONMENTAL POLICY AND PROCEDURES.

       (a) In General.--Section 11(a) of the Export-Import Bank 
     Act of 1945 (12 U.S.C. 635i-5(a)) is amended--
       (1) in paragraph (2), by striking the period and inserting 
     the following: ``, except that the Board of Directors may not 
     withhold financing from a project under this subsection if 
     the government of any other G-7 country is providing (or has 
     indicated approval to provide) financing of the project.''; 
     and
       (2) by adding at the end the following new paragraph:
       ``(3) G-7.--For purposes of this subsection, the term `G-7' 
     means the group consisting of France, Germany, Japan, the 
     United Kingdom, the United States, Canada, and Italy, 
     established in September, 1985, to facilitate economic 
     cooperation among the seven major non-Communist economic 
     powers.''.
       (b) Development of Consistent Environmental Policy.--
       (1) In general.--It is the sense of Congress that--
       (A) consistent with the objectives of section 2(b)(1)(A) of 
     the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(1)(A)), 
     the Export-Import Bank should seek to reach an international 
     agreement with the export financing agencies of other G-7 
     countries regarding environmental policies and procedures for 
     the financing of projects; and
       (B) such agreement should be subject to Congressional 
     approval.
       (2) G-7.--For purposes of this subsection, the term ``G-7'' 
     means the group consisting of France, Germany, Japan, the 
     United Kingdom, the United States, Canada, and Italy, 
     established in September, 1985, to facilitate economic 
     cooperation among the seven major non-Communist economic 
     powers.

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