```

[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1221 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1221

   To provide for the reduction of agricultural program debt and for 
   donations of grain to the countries of the former Soviet Union in 
              exchange for certain actions on their part.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 1993

 Mr. Glickman introduced the following bill; which was referred to the 
                      Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL

 
   To provide for the reduction of agricultural program debt and for 
   donations of grain to the countries of the former Soviet Union in 
              exchange for certain actions on their part.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Debt for Democracy Act of 1993''.

SEC. 2. PRESIDENTIAL AUTHORITY.

    (a) In General.--The President may reduce the amount of qualifying 
debt owed to the United States Government by, and make donations of 
grain determined to be available under section 401 of the Agricultural 
Trade Development and Assistance Act of 1954 to, any country that--
            (1) is an independent state of the former Soviet Union (as 
        defined in section 102(8) of the Agricultural Trade Act of 1978 
        (7 U.S.C. 5602(8)); and
            (2) enters into an agreement under section 3.
    (b) Qualifying Debt.--For the purposes of this Act, a debt is a 
qualifying debt if it results from activities under any authority of 
the Secretary of Agriculture, the Commodity Credit Corporation, or any 
other agency or entity within the United States Department of 
Agriculture.

SEC. 3. AGREEMENTS.

    The agreement required for reduction of debt under section 2 is--
            (1) an agreement with the Government of the United States 
        to dismantle nuclear weapons or other military-related objects 
        and facilities within the independent state; or
            (2) an agreement, approved by the President as meeting the 
        objectives of this Act, with a nongovernmental 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 the debt that has been reduced.

SEC. 4. IMPLEMENTATION.

    In order to implement an agreement under section 3 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 monitor and assist in the 
        implementation of that agreement; and
            (2) renegotiate or cancel the agreement if such agreement 
        is not implemented according to its terms.

                                 <all>
```