[Congressional Record Volume 149, Number 31 (Wednesday, February 26, 2003)]
[Senate]
[Page S2841]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mrs. HUTCHISON:
  S. 449. 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; to the Committee on Foreign Relations.
  Mrs. HUTCHISON. Mr. President, I ask unanimous consent that the text 
of the bill be printed in the Record.
  There being no objection, the bill was ordered to be printed in the 
Record, as follows:

                                 S. 449

       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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