```

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1023 Reported in Senate (RS)]

<DOC>

                                                       Calendar No. 544
115th CONGRESS
  2d Session
                                S. 1023

  To reauthorize the Tropical Forest Conservation Act of 1998 through 
               fiscal year 2021, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                              May 3, 2017

  Mr. Portman (for himself, Mr. Burr, Mr. Whitehouse, Mr. Udall, Mr. 
Schatz, Mr. Blumenthal, Ms. Duckworth, and Mr. Merkley) introduced the 
 following bill; which was read twice and referred to the Committee on 
                           Foreign Relations

                             July 30, 2018

               Reported by Mr. Corker, with an amendment
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 A BILL

 
  To reauthorize the Tropical Forest Conservation Act of 1998 through 
               fiscal year 2021, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

<DELETED>SECTION 1. SHORT TITLE; TABLE OF CONTENTS.</DELETED>

<DELETED>    (a) Short Title.--This Act may be cited as the ``Tropical 
Forest Conservation Reauthorization Act of 2017''.</DELETED>
<DELETED>    (b) Table of Contents.--The table of contents for this Act 
is as follows:</DELETED>

<DELETED>Sec. 1. Short title; table of contents.
<DELETED>Sec. 2. Amendment to short title of Act to encompass modified 
                            scope.
<DELETED>Sec. 3. Protection of forests and coral reefs.
<DELETED>Sec. 4. Change to name of facility.
<DELETED>Sec. 5. Eligibility for benefits.
<DELETED>Sec. 6. United States Government representation on oversight 
                            bodies for grants from debt-for-nature 
                            swaps and debt buybacks.
<DELETED>Sec. 7. Conservation agreements.
<DELETED>Sec. 8. Conservation Fund.
<DELETED>Sec. 9. Repeal of authority of the Enterprise for the Americas 
                            Board to carry out activities under the 
                            Tropical Forest Conservation Authorization 
                            Act of 1998.
<DELETED>Sec. 10. Changes to due dates of annual reports to Congress.
<DELETED>Sec. 11. Changes to International Monetary Fund criterion for 
                            country eligibility.
<DELETED>Sec. 12. New authorization of appropriations for the reduction 
                            of debt and authorization for audit, 
                            evaluation, monitoring, and administration 
                            expenses.

<DELETED>SEC. 2. AMENDMENT TO SHORT TITLE OF ACT TO ENCOMPASS MODIFIED 
              SCOPE.</DELETED>

<DELETED>    (a) In General.--Section 801 of the Tropical Forest 
Conservation Act of 1998 (Public Law 87-195; 22 U.S.C. 2151 note) is 
amended by striking ``Tropical Forest Conservation Act of 1998'' and 
inserting ``Tropical Forest Conservation Reauthorization Act of 
2017''.</DELETED>
<DELETED>    (b) References.--Any reference in any other provision of 
law, regulation, document, paper, or other record of the United States 
to the ``Tropical Forest Conservation Act of 1998'' shall be deemed to 
be a reference to the ``Tropical Forest Conservation Reauthorization 
Act of 2017''.</DELETED>

<DELETED>SEC. 3. PROTECTION OF FORESTS AND CORAL REEFS.</DELETED>

<DELETED>    (a) In General.--Section 802 of the Tropical Forest 
Conservation Reauthorization Act of 2017 (22 U.S.C. 2431), as renamed 
by section 2(a), is amended--</DELETED>
        <DELETED>    (1) in subsections (a)(1), (a)(6), (b)(1), (b)(3), 
        and (b)(4), by striking ``tropical forests'' each place it 
        appears and inserting ``tropical forests, non-tropical forests, 
        and coral reef ecosystems'';</DELETED>
        <DELETED>    (2) in subsection (a)(2)(C), by striking ``far-
        flung'';</DELETED>
        <DELETED>    (3) in subsection (a)(7), by striking ``tropical 
        forests is critical to the protection of tropical forests'' and 
        inserting ``tropical forests, non-tropical forests, and coral 
        reef ecosystems is critical to the protection of such areas''; 
        and</DELETED>
        <DELETED>    (4) in subsection (b)(2)--</DELETED>
                <DELETED>    (A) by striking ``tropical forests'' the 
                first place it appears and inserting ``tropical 
                forests, non-tropical forests, and coral 
                ecosystems'';</DELETED>
                <DELETED>    (B) by striking ``tropical forests'' the 
                second place it appears and inserting ``areas''; 
                and</DELETED>
                <DELETED>    (C) by striking ``tropical forests'' the 
                third place it appears and inserting ``tropical 
                forests, non-tropical forests, and coral reef 
                ecosystems''.</DELETED>
<DELETED>    (b) Amendments Related to Definitions.--Section 803 of 
such Act (22 U.S.C. 2431a) is amended--</DELETED>
        <DELETED>    (1) in paragraph (5)--</DELETED>
                <DELETED>    (A) in the heading, by striking ``tropical 
                forest'' and inserting ``tropical forest, non-tropical 
                forest, or coral reef'';</DELETED>
                <DELETED>    (B) in the matter preceding subparagraph 
                (A), by striking ``tropical forest'' and inserting 
                ``tropical forest, non-tropical forest, or coral 
                reef''; and</DELETED>
                <DELETED>    (C) in subparagraph (B)--</DELETED>
                        <DELETED>    (i) by striking ``tropical 
                        forest'' and inserting ``tropical forest, non-
                        tropical forest, or coral reef''; and</DELETED>
                        <DELETED>    (ii) by striking ``tropical 
                        forests'' and inserting ``tropical forests, 
                        non-tropical forests, or coral reefs''; 
                        and</DELETED>
        <DELETED>    (2) by adding at the end the following new 
        paragraphs:</DELETED>
        <DELETED>    ``(10) Coral.--The term `coral' means species of 
        the phylum Cnidaria, including--</DELETED>
                <DELETED>    ``(A) all species of the orders 
                Antipatharia (black corals), Scleractinia (stony 
                corals), Alcyonacea (soft corals), Gorgonacea (horny 
                corals), Stolonifera (organpipe corals and others), and 
                Coenothecalia (blue coral), of the class Anthoza; 
                and</DELETED>
                <DELETED>    ``(B) all species of the order 
                Hydrocorallina (fire corals and hydrocorals) of the 
                class Hydrozoa.</DELETED>
        <DELETED>    ``(11) Coral reef.--The term `coral reef' means 
        any reef or shoal composed primarily of coral.</DELETED>
        <DELETED>    ``(12) Coral reef ecosystem.--The term `coral reef 
        ecosystem' means any coral reef and any coastal marine 
        ecosystem surrounding, or directly related to, a coral reef and 
        important to maintaining the ecological integrity of that coral 
        reef, such as seagrasses, mangroves, sandy seabed communities, 
        and immediately adjacent coastal areas.''.</DELETED>

<DELETED>SEC. 4. CHANGE TO NAME OF FACILITY.</DELETED>

<DELETED>    (a) In General.--Section 804 of the Tropical Forest 
Conservation Reauthorization Act of 2017 (22 U.S.C. 2431b), as renamed 
by section 2(a), is amended by striking ``Tropical Forest Facility'' 
and inserting ``Conservation Facility''.</DELETED>
<DELETED>    (b) Conforming Amendments to Definitions.--Section 803(8) 
of such Act (22 U.S.C. 2431a(8)) is amended--</DELETED>
        <DELETED>    (1) in the heading, by striking ``Tropical forest 
        facility'' and inserting ``Conservation facility''; 
        and</DELETED>
        <DELETED>    (2) by striking ``Tropical Forest Facility'' both 
        places it appears and inserting ``Conservation 
        Facility''.</DELETED>
<DELETED>    (c) References.--Any reference in any other provision of 
law, regulation, document, paper, or other record of the United States 
to the ``Tropical Forest Facility'' shall be deemed to be a reference 
to the ``Conservation Facility''.</DELETED>

<DELETED>SEC. 5. ELIGIBILITY FOR BENEFITS.</DELETED>

<DELETED>    Section 805(a) of the Tropical Forest Conservation 
Reauthorization Act of 2017 (22 U.S.C. 2431c(a)), as renamed by section 
2(a), is amended by striking ``tropical forest'' and inserting 
``tropical forest, non-tropical forest, or coral reef''.</DELETED>

<DELETED>SEC. 6. UNITED STATES GOVERNMENT REPRESENTATION ON OVERSIGHT 
              BODIES FOR GRANTS FROM DEBT-FOR-NATURE SWAPS AND DEBT 
              BUYBACKS.</DELETED>

<DELETED>    Section 808(a)(5) of the Tropical Forest Conservation 
Reauthorization Act of 2017 (22 U.S.C. 2431f(a)(5)), as renamed by 
section 2(a), is amended by adding at the end the following new 
subparagraph:</DELETED>
                <DELETED>    ``(C) United states government 
                representation on the administering body.--One or more 
                individuals appointed by the United States Government 
                may serve in an official capacity on the administering 
                body that oversees the implementation of grants arising 
                from a debt-for-nature swap or debt buyback regardless 
                of whether the United States is a party to any 
                agreement between the eligible purchaser and the 
                government of the beneficiary country.''.</DELETED>

<DELETED>SEC. 7. CONSERVATION AGREEMENTS.</DELETED>

<DELETED>    (a) Renaming of Agreements.--Section 809 of the Tropical 
Forest Conservation Reauthorization Act of 2017 (22 U.S.C. 2431g), as 
renamed by section 2(a), is amended--</DELETED>
        <DELETED>    (1) in the section heading, by striking ``tropical 
        forest agreement'' and inserting ``conservation agreement''; 
        and</DELETED>
        <DELETED>    (2) in subsection (a)--</DELETED>
                <DELETED>    (A) by striking ``Authority'' and all that 
                follows through ``(1) In general.--The Secretary'' and 
                inserting ``Authority.--The Secretary''; and</DELETED>
                <DELETED>    (B) by striking ``Tropical Forest 
                Agreement'' and inserting ``Conservation 
                Agreement''.</DELETED>
<DELETED>    (b) Elimination of Requirement To Consult With the 
Enterprise for the Americas Board.--Such subsection is further amended 
by striking paragraph (2).</DELETED>
<DELETED>    (c) Role of Beneficiary Countries.--Such section is 
further amended--</DELETED>
        <DELETED>    (1) in subsection (e)(1)(C), by striking ``in 
        exceptional circumstances, the government of the beneficiary 
        country'' and inserting ``in limited circumstances, the 
        government of the beneficiary country when needed to improve 
        governance and enhance management of tropical forests, non-
        tropical forests, or coral reef ecosystems, without replacing 
        existing levels of financial efforts by the government of the 
        beneficiary country and with priority given to projects that 
        complement grants made under subparagraphs (A) and (B)''; 
        and</DELETED>
        <DELETED>    (2) by amending subsection (f) to read as 
        follows:</DELETED>
<DELETED>    ``(f) Review of Larger Grants.--Any grant of more than 
$250,000 from a Fund must be approved by the Government of the United 
States and the government of the beneficiary country.''.</DELETED>
<DELETED>    (d) Technical and Conforming Amendments.--Such section is 
further amended--</DELETED>
        <DELETED>    (1) in subsection (c)(2)(A)(i), by inserting ``to 
        serve in an official capacity'' after ``Government''; 
        and</DELETED>
        <DELETED>    (2) in subsection (d)--</DELETED>
                <DELETED>    (A) in the matter preceding paragraph (1), 
                by striking ``tropical forests'' and inserting 
                ``tropical forests, non-tropical forests, and coral 
                reef ecosystems'';</DELETED>
                <DELETED>    (B) in paragraph (5), by striking 
                ``tropical forest''; and</DELETED>
                <DELETED>    (C) in paragraph (6), by striking ``living 
                in or near a tropical forest in a manner consistent 
                with protecting such tropical forest'' and inserting 
                ``dependent on a tropical forest, non-tropical forest, 
                or coral reef ecosystem and related resources in a 
                manner consistent with conserving such 
                resources''.</DELETED>
<DELETED>    (e) Conforming Amendments to Definitions.--Section 803(7) 
of such Act (22 U.S.C. 2431a(7)) is amended--</DELETED>
        <DELETED>    (1) in the heading, by striking ``Tropical forest 
        agreement'' and inserting ``Conservation agreement''; 
        and</DELETED>
        <DELETED>    (2) by striking ``Tropical Forest Agreement'' both 
        places it appears and inserting ``Conservation 
        Agreement''.</DELETED>

<DELETED>SEC. 8. CONSERVATION FUND.</DELETED>

<DELETED>    (a) In General.--Section 810 of the Tropical Forest 
Conservation Reauthorization Act of 2017 (22 U.S.C. 2431h), as renamed 
by section 2(a), is amended--</DELETED>
        <DELETED>    (1) in the section heading, by striking ``tropical 
        forest fund'' and inserting ``conservation fund''; 
        and</DELETED>
        <DELETED>    (2) in subsection (a)--</DELETED>
                <DELETED>    (A) by striking ``Tropical Forest 
                Agreement'' and inserting ``Conservation Agreement''; 
                and</DELETED>
                <DELETED>    (B) by striking ``Tropical Forest Fund'' 
                and inserting ``Conservation Fund''.</DELETED>
<DELETED>    (b) Conforming Amendments to Definitions.--Such Act is 
further amended--</DELETED>
        <DELETED>    (1) in section 803(9) (22 U.S.C. 2431a(9))--
        </DELETED>
                <DELETED>    (A) in the heading, by striking ``Tropical 
                forest fund'' and inserting ``Conservation fund''; 
                and</DELETED>
                <DELETED>    (B) by striking ``Tropical Forest Fund'' 
                both places it appears and inserting ``Conservation 
                Fund'';</DELETED>
        <DELETED>    (2) in section 806(c)(2) (22 U.S.C. 2431d(c)(2)), 
        by striking ``Tropical Forest Fund'' and inserting 
        ``Conservation Fund''; and</DELETED>
        <DELETED>    (3) in section 807(c)(2) (22 U.S.C. 2431e(c)(2)), 
        by striking ``Tropical Forest Fund'' and inserting 
        ``Conservation Fund''.</DELETED>

<DELETED>SEC. 9. REPEAL OF AUTHORITY OF THE ENTERPRISE FOR THE AMERICAS 
              BOARD TO CARRY OUT ACTIVITIES UNDER THE TROPICAL FOREST 
              CONSERVATION AUTHORIZATION ACT OF 1998.</DELETED>

<DELETED>    (a) In General.--Section 811 of the Tropical Forest 
Conservation Reauthorization Act of 2017 (22 U.S.C. 2431i), as renamed 
by section 2(a), is repealed.</DELETED>
<DELETED>    (b) Conforming Amendments.--Section 803 of such Act (22 
U.S.C. 2431a) is amended--</DELETED>
        <DELETED>    (1) by striking paragraph (4); and</DELETED>
        <DELETED>    (2) by redesignating paragraphs (5), (6), (7), 
        (8), and (9) as paragraphs (4), (5), (6), (7), and (8), 
        respectively.</DELETED>

<DELETED>SEC. 10. CHANGES TO DUE DATES OF ANNUAL REPORTS TO 
              CONGRESS.</DELETED>

<DELETED>    Section 813 of the Tropical Forest Conservation 
Reauthorization Act of 2017 (22 U.S.C. 2431k), as renamed by section 
2(a), is amended--</DELETED>
        <DELETED>    (1) in subsection (a)--</DELETED>
                <DELETED>    (A) by striking ``(a) In General.--Not 
                later than December 31'' and inserting ``Not later than 
                April 15''; and</DELETED>
                <DELETED>    (B) by striking ``fiscal year'' both 
                places it appears and inserting ``calendar year''; 
                and</DELETED>
        <DELETED>    (2) by striking subsection (b).</DELETED>

<DELETED>SEC. 11. CHANGES TO INTERNATIONAL MONETARY FUND CRITERION FOR 
              COUNTRY ELIGIBILITY.</DELETED>

<DELETED>    Section 703(a)(5) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2430b(a)(5)) is amended--</DELETED>
        <DELETED>    (1) by striking ``or, as appropriate in 
        exceptional circumstances,'' and inserting ``or'';</DELETED>
        <DELETED>    (2) in subparagraph (A)--</DELETED>
                <DELETED>    (A) by striking ``or in exceptional 
                circumstances, a Fund monitored program or its 
                equivalent,'' and inserting ``or a Fund monitored 
                program, or is implementing sound macroeconomic 
                policies,''; and</DELETED>
                <DELETED>    (B) by striking ``(after consultation with 
                the Enterprise for the Americas Board)''; and</DELETED>
        <DELETED>    (3) in subparagraph (B), by striking ``(after 
        consultation with the Enterprise for Americas 
        Board)''.</DELETED>

<DELETED>SEC. 12. NEW AUTHORIZATION OF APPROPRIATIONS FOR THE REDUCTION 
              OF DEBT AND AUTHORIZATION FOR AUDIT, EVALUATION, 
              MONITORING, AND ADMINISTRATION EXPENSES.</DELETED>

<DELETED>    Section 806 of the Tropical Forest Conservation 
Reauthorization Act of 2017 (22 U.S.C. 2431d), as renamed by section 
2(a), is amended--</DELETED>
        <DELETED>    (1) in subsection (d), by adding at the end the 
        following new paragraphs:</DELETED>
        <DELETED>    ``(7) $20,000,000 for fiscal year 2018.</DELETED>
        <DELETED>    ``(8) $20,000,000 for fiscal year 2019.</DELETED>
        <DELETED>    ``(9) $20,000,000 for fiscal year 2020.</DELETED>
        <DELETED>    ``(10) $20,000,000 for fiscal year 2021.''; 
        and</DELETED>
        <DELETED>    (2) by amending subsection (e) to read as 
        follows:</DELETED>
<DELETED>    ``(e) Use of Funds To Conduct Program Audits, Evaluations, 
Monitoring, and Administration.--Of the amounts made available to carry 
out this part for a fiscal year, $300,000 is authorized to be made 
available to carry out audits, evaluations, monitoring, and 
administration of programs under this part, including personnel costs 
associated with such audits, evaluations, monitoring and 
administration.''.</DELETED>

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Tropical Forest 
Conservation Reauthorization Act of 2018''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Amendment to short title of Act to encompass modified scope.
Sec. 3. Protection of tropical forests and coral reefs.
Sec. 4. Change to name of facility.
Sec. 5. Eligibility for benefits.
Sec. 6. Reduction of debt owed to the United States as a result of 
                            credits extended under title I of Food for 
                            Peace Act.
Sec. 7. United States Government representation on oversight bodies for 
                            grants from debt-for-nature swaps and debt 
                            buybacks.
Sec. 8. Conservation agreements.
Sec. 9. Conservation Fund.
Sec. 10. Changes to due dates of annual reports to Congress.
Sec. 11. New authorization of appropriations for the reduction of debt 
                            and authorization for audit, evaluation, 
                            monitoring, and administration expenses.

SEC. 2. AMENDMENT TO SHORT TITLE OF ACT TO ENCOMPASS MODIFIED SCOPE.

    (a) In General.--Section 801 of the Tropical Forest Conservation 
Act of 1998 (part V of Public Law 87-195; 22 U.S.C. 2151 note) is 
amended by striking ``Tropical Forest Conservation Act of 1998'' and 
inserting ``Tropical Forest and Coral Reef Conservation Act of 1998''.
    (b) References.--Any reference in any other provision of law, 
regulation, document, paper, or other record of the United States to 
the ``Tropical Forest Conservation Act of 1998'' shall be deemed to be 
a reference to the ``Tropical Forest and Coral Reef Conservation Act of 
1998''.

SEC. 3. PROTECTION OF TROPICAL FORESTS AND CORAL REEFS.

    (a) In General.--Section 802 of the Tropical Forest and Coral Reef 
Conservation Act of 1998 (22 U.S.C. 2431), as renamed by section 2(a), 
is amended--
            (1) in subsections (a)(1), (a)(6), (b)(1), (b)(3), and 
        (b)(4), by striking ``tropical forests'' each place it appears 
        and inserting ``tropical forests and coral reef ecosystems'';
            (2) in subsection (a)(2)(C), by striking ``far-flung'';
            (3) in subsection (a)(7), by striking ``tropical forests is 
        critical to the protection of tropical forests'' and inserting 
        ``tropical forests and coral reef ecosystems is critical to the 
        protection of such areas''; and
            (4) in subsection (b)(2)--
                    (A) by striking ``tropical forests'' the first 
                place it appears and inserting ``tropical forests and 
                coral ecosystems'';
                    (B) by striking ``tropical forests'' the second 
                place it appears and inserting ``areas''; and
                    (C) by striking ``tropical forests'' the third 
                place it appears and inserting ``tropical forests and 
                coral reef ecosystems''.
    (b) Amendments Related to Definitions.--Section 803 of such Act (22 
U.S.C. 2431a) is amended--
            (1) in paragraph (5)--
                    (A) in the heading, by striking ``tropical forest'' 
                and inserting ``tropical forest or coral reef'';
                    (B) in the matter preceding subparagraph (A), by 
                striking ``tropical forest'' and inserting ``tropical 
                forest or coral reef''; and
                    (C) in subparagraph (B)--
                            (i) by striking ``tropical forest'' and 
                        inserting ``tropical forest or coral reef''; 
                        and
                            (ii) by striking ``tropical forests'' and 
                        inserting ``tropical forests or coral reefs''; 
                        and
            (2) by adding at the end the following new paragraphs:
            ``(10) Coral.--The term `coral' means species of the phylum 
        Cnidaria, including--
                    ``(A) all species of the orders Antipatharia (black 
                corals), Scleractinia (stony corals), Alcyonacea (soft 
                corals), Gorgonacea (horny corals), Stolonifera 
                (organpipe corals and others), and Coenothecalia (blue 
                coral), of the class Anthoza; and
                    ``(B) all species of the order Hydrocorallina (fire 
                corals and hydrocorals) of the class Hydrozoa.
            ``(11) Coral reef.--The term `coral reef' means any reef or 
        shoal composed primarily of coral.
            ``(12) Coral reef ecosystem.--The term `coral reef 
        ecosystem' means any coral reef and any coastal marine 
        ecosystem surrounding, or directly related to, a coral reef and 
        important to maintaining the ecological integrity of that coral 
        reef, such as seagrasses, mangroves, sandy seabed communities, 
        and immediately adjacent coastal areas.''.

SEC. 4. CHANGE TO NAME OF FACILITY.

    (a) In General.--Section 804 of the Tropical Forest and Coral Reef 
Conservation Act of 1998 (22 U.S.C. 2431b), as renamed by section 2(a), 
is amended by striking ``Tropical Forest Facility'' and inserting 
``Conservation Facility''.
    (b) Conforming Amendments to Definitions.--Section 803(8) of such 
Act (22 U.S.C. 2431a(8)) is amended--
            (1) in the heading, by striking ``Tropical forest 
        facility'' and inserting ``Conservation facility''; and
            (2) by striking ``Tropical Forest Facility'' both places it 
        appears and inserting ``Conservation Facility''.
    (c) References.--Any reference in any other provision of law, 
regulation, document, paper, or other record of the United States to 
the ``Tropical Forest Facility'' shall be deemed to be a reference to 
the ``Conservation Facility''.

SEC. 5. ELIGIBILITY FOR BENEFITS.

    Section 805(a) of the Tropical Forest and Coral Reef Conservation 
Act of 1998 (22 U.S.C. 2431c(a)), as renamed by section 2(a), is 
amended--
            (1) by striking ``tropical forest'' and inserting 
        ``tropical forest or coral reef'';
            (2) by redesignating paragraph (2) as paragraph (7); and
            (3) by striking paragraph (1) and inserting the following 
        new paragraphs:
            ``(1) whose government is democratically elected;
            ``(2) whose government has not repeatedly provided support 
        for acts of international terrorism;
            ``(3) whose government is not failing to cooperate on 
        international narcotics control matters;
            ``(4) whose government (including its military or other 
        security forces) does not engage in a consistent pattern of 
        gross violations of internationally recognized human rights;
            ``(5) that has in effect, has received approval for, or is 
        making significant progress toward--
                    ``(A) an International Monetary Fund standby 
                arrangement, extended Fund arrangement, or an 
                arrangement under the structural adjustment facility or 
                enhanced structural adjustment facility, or a Fund 
                monitored program, or is implementing sound 
                macroeconomic policies, unless the President determines 
                that such an arrangement or program could reasonably be 
                expected to have significant adverse social or 
                environmental effect; and
                    ``(B) as appropriate, structural or sectoral 
                adjustment loans from the International Bank for 
                Reconstruction and Development or the International 
                Development Association, unless the President 
                determines that the resulting adjustment requirements 
                could reasonably be expected to have significant 
                adverse social or environmental effects;
            ``(6) if appropriate, has agreed with its commercial bank 
        lenders on a satisfactory financing program, including, as 
        appropriate, debt or debt service reduction; and''.

SEC. 6. REDUCTION OF DEBT OWED TO THE UNITED STATES AS A RESULT OF 
              CREDITS EXTENDED UNDER TITLE I OF FOOD FOR PEACE ACT.

    Section 807(a)(1) of the Tropical Forest and Coral Reef 
Conservation Act of 1998 (22 U.S.C. 2431e(a)(1)), as renamed by section 
2(a), is amended by striking ``outstanding as of January 1, 1998,'' and 
inserting ``outstanding as of the date of the enactment of the Tropical 
Forest Conservation Reauthorization Act of 2018''.

SEC. 7. UNITED STATES GOVERNMENT REPRESENTATION ON OVERSIGHT BODIES FOR 
              GRANTS FROM DEBT-FOR-NATURE SWAPS AND DEBT BUYBACKS.

    Section 808(a)(5) of the Tropical Forest and Coral Reef 
Conservation Act of 1998 (22 U.S.C. 2431f(a)(5)), as renamed by section 
2(a), is amended by adding at the end the following new subparagraph:
                    ``(C) United states government representation on 
                the administering body.--One or more individuals 
                appointed by the United States Government shall serve 
                in an official capacity on the administering body that 
                oversees the implementation of grants arising from a 
                debt-for-nature swap or debt buyback regardless of 
                whether the United States is a party to any agreement 
                between the eligible purchaser and the government of 
                the beneficiary country.''.

SEC. 8. CONSERVATION AGREEMENTS.

    (a) Renaming of Agreements.--Section 809 of the Tropical Forest and 
Coral Reef Conservation Act of 1998 (22 U.S.C. 2431g), as renamed by 
section 2(a), is amended--
            (1) in the section heading, by striking ``tropical forest 
        agreement'' and inserting ``conservation agreement''; and
            (2) in subsection (a)--
                    (A) by striking ``Authority'' and all that follows 
                through ``(1) In general.--The Secretary'' and 
                inserting ``Authority.--The Secretary''; and
                    (B) by striking ``Tropical Forest Agreement'' and 
                inserting ``Conservation Agreement''.
    (b) Elimination of Requirement To Consult With the Enterprise for 
the Americas Board.--Such subsection is further amended by striking 
paragraph (2).
    (c) Role of Beneficiary Countries.--Such section is further 
amended--
            (1) in subsection (e)(1)(C), by striking ``in exceptional 
        circumstances, the government of the beneficiary country'' and 
        inserting ``in limited circumstances, the government of the 
        beneficiary country when needed to improve governance and 
        enhance management of tropical forests or coral reef 
        ecosystems, without replacing existing levels of financial 
        efforts by the government of the beneficiary country and with 
        priority given to projects that complement grants made under 
        subparagraphs (A) and (B)''; and
            (2) by amending subsection (f) to read as follows:
    ``(f) Review of Larger Grants.--Any grant of more than $250,000 
from a Fund must be approved by the Government of the United States and 
the government of the beneficiary country.''.
    (d) Technical and Conforming Amendments.--Such section is further 
amended--
            (1) in subsection (c)(2)(A)(i), by inserting ``to serve in 
        an official capacity'' after ``Government''; and
            (2) in subsection (d)--
                    (A) in the matter preceding paragraph (1), by 
                striking ``tropical forests'' and inserting ``tropical 
                forests and coral reef ecosystems'';
                    (B) in paragraph (5), by striking ``tropical 
                forest''; and
                    (C) in paragraph (6), by striking ``living in or 
                near a tropical forest in a manner consistent with 
                protecting such tropical forest'' and inserting 
                ``dependent on a tropical forest or coral reef 
                ecosystem and related resources in a manner consistent 
                with conserving such resources''.
    (e) Conforming Amendments to Definitions.--Section 803(7) of such 
Act (22 U.S.C. 2431a(7)) is amended--
            (1) in the heading, by striking ``Tropical forest 
        agreement'' and inserting ``Conservation agreement''; and
            (2) by striking ``Tropical Forest Agreement'' both places 
        it appears and inserting ``Conservation Agreement''.

SEC. 9. CONSERVATION FUND.

    (a) In General.--Section 810 of the Tropical Forest and Coral Reef 
Conservation Act of 1998 (22 U.S.C. 2431h), as renamed by section 2(a), 
is amended--
            (1) in the section heading, by striking ``tropical forest 
        fund'' and inserting ``conservation fund''; and
            (2) in subsection (a)--
                    (A) by striking ``Tropical Forest Agreement'' and 
                inserting ``Conservation Agreement''; and
                    (B) by striking ``Tropical Forest Fund'' and 
                inserting ``Conservation Fund''.
    (b) Conforming Amendments to Definitions.--Such Act is further 
amended--
            (1) in section 803(9) (22 U.S.C. 2431a(9))--
                    (A) in the heading, by striking ``Tropical forest 
                fund'' and inserting ``Conservation fund''; and
                    (B) by striking ``Tropical Forest Fund'' both 
                places it appears and inserting ``Conservation Fund'';
            (2) in section 806(c)(2) (22 U.S.C. 2431d(c)(2)), by 
        striking ``Tropical Forest Fund'' and inserting ``Conservation 
        Fund''; and
            (3) in section 807(c)(2) (22 U.S.C. 2431e(c)(2)), by 
        striking ``Tropical Forest Fund'' and inserting ``Conservation 
        Fund''.

SEC. 10. CHANGES TO DUE DATES OF ANNUAL REPORTS TO CONGRESS.

    Section 813 of the Tropical Forest and Coral Reef Conservation Act 
of 1998 (22 U.S.C. 2431k), as renamed by section 2(a), is amended--
            (1) in subsection (a)--
                    (A) by striking ``(a) In General.--Not later than 
                December 31'' and inserting ``Not later than April 
                15''; and
                    (B) by striking ``fiscal year'' both places it 
                appears and inserting ``calendar year''; and
            (2) by striking subsection (b).

SEC. 11. NEW AUTHORIZATION OF APPROPRIATIONS FOR THE REDUCTION OF DEBT 
              AND AUTHORIZATION FOR AUDIT, EVALUATION, MONITORING, AND 
              ADMINISTRATION EXPENSES.

    Section 806 of the Tropical Forest and Coral Reef Conservation Act 
of 1998 (22 U.S.C. 2431d), as renamed by section 2(a), is amended--
            (1) in subsection (d), by adding at the end the following 
        new paragraphs:
            ``(7) $20,000,000 for fiscal year 2019.
            ``(8) $20,000,000 for fiscal year 2020.
            ``(9) $20,000,000 for fiscal year 2021.
            ``(10) $20,000,000 for fiscal year 2022.''; and
            (2) by amending subsection (e) to read as follows:
    ``(e) Use of Funds To Conduct Program Audits, Evaluations, 
Monitoring, and Administration.--Of the amounts made available to carry 
out this part for a fiscal year, $300,000 is authorized to be made 
available to carry out audits, evaluations, monitoring, and 
administration of programs under this part, including personnel costs 
associated with such audits, evaluations, monitoring and 
administration.''.
                                                       Calendar No. 544

115th CONGRESS

  2d Session

                                S. 1023

_______________________________________________________________________

                                 A BILL

  To reauthorize the Tropical Forest Conservation Act of 1998 through 
               fiscal year 2021, and for other purposes.

_______________________________________________________________________

                             July 30, 2018

                       Reported with an amendment
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