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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1507 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1507

    To amend the Agricultural Trade Act of 1978 to provide for the 
  reduction of the agriculture program debt of, and for donations of 
grain to, the independent states of the former Soviet Union in exchange 
       for certain actions on their part, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 1993

Mr. Glickman introduced the following bill; which was referred jointly 
          to the Committees on Agriculture and Foreign Affairs

_______________________________________________________________________

                                 A BILL

 
    To amend the Agricultural Trade Act of 1978 to provide for the 
  reduction of the agricultural program debt of, and for donations of 
grain to, the independent states of the former Soviet Union in exchange 
       for certain actions on their part, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
That the Agricultural Trade Act of 1978 (7 U.S.C. 5601, et seq.) is 
amended by adding at the end of subtitle A of title II the following 
new section:

``SEC. 206 DEBT FOR DEMOCRACY PROGRAM.

    ``(a) Short Title.--This section may be cited as the `Debt for 
Democracy Act of 1993'.
    ``(b) Presidential Authority.--
            ``(1) In general.--The President may--
                    ``(A) notwithstanding the provisions of section 
                202(f), the first sentence of section 202(e), or the 
                arrearage of any of the independent states of the 
                former Soviet Union in the repayment of qualifying 
                Department of Agriculture debt--
                            ``(i) issue credit guarantees, or approve 
                        previously registered sales, under section 202 
                        to;
                            ``(ii) reduce the amount of qualifying 
                        Department of Agriculture debt owed to the 
                        United States Government by; and
                    ``(B) make donations of agricultural commodities 
                determined to be available under section 401 of the 
                Agricultural Trade Development and Assistance Act of 
                1954 (7 U.S.C. 1731) to,
        any of the independent states of the former Soviet Union that 
        enter into an agreement under subsection (c).
            ``(2) Qualifying department of agriculture debt.--For the 
        purposes of this section, a debt is a qualifying Department of 
        Agriculture debt if it results from activities under any 
        authority of the Secretary, the Commodity Credit Corporation, 
        or any other agency or entity within the Department of 
        Agriculture.
    ``(c) Agreements.--The agreement required under subsection (b)(1) 
is--
            ``(1) an agreement, approved by the President as promoting 
        the establishment or maintenance of democracy or encouraging 
        economic reform and progress toward a market-oriented economy, 
        with a non-governmental business entity, including an 
        agricultural business entity, in the United States under which 
        such entity--
                    ``(A) receives an equity interest in a state-owned 
                enterprise within the independent state of the former 
                Soviet Union equal to the amount of debt reduction; and
                    ``(B) undertakes the obligation to repay the amount 
                of debt that has been reduced;
            ``(2) an agreement with the Government of the United States 
        to--
                    ``(A) dismantle military-related objects (including 
                nuclear weapons) or facilities (including military-
                related production facilities) within the independent 
                state; or
                    ``(B) convert military-related production 
                facilities within the independent state to nonmilitary 
                purposes; or
            ``(3) an agreement with such parties and including such 
        terms and conditions determined by the President to be in the 
        national interest and to be consistent with the purposes of the 
        export credit guarantee program as described in section 202(d).
    ``(d) Implementation.--In order to implement an agreement under 
this section and to protect the interests of the United States, the 
President may--
            ``(1) send technical teams to the independent state that is 
        a party to the agreement to assist in and monitor the 
        implementation of that agreement; and
            ``(2) renegotiate or cancel the agreement if such agreement 
        is not implemented according to its terms.''.

                                 <all>
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