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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 1829 Introduced in Senate (IS)]

106th CONGRESS
  1st Session
                                S. 1829

To amend the Foreign Assistance Act of 1961 to prohibit the payment of 
          debts incurred by the communist government of Cuba.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            October 29, 1999

   Mr. Helms introduced the following bill; which was read twice and 
             referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL

 
To amend the Foreign Assistance Act of 1961 to prohibit the payment of 
          debts incurred by the communist government of Cuba.

    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 ``Castro Bailout Prohibition Act of 
1999''.

SEC. 2. AMENDMENT OF THE FOREIGN ASSISTANCE OF 1961.

    Chapter 1 of part III of the Foreign Assistance Act of 1961 (22 
U.S.C. 2351 et seq.) is amended by adding at the end the following new 
section:

``SEC. 620J. PROHIBITION ON PAYMENT OF DEBTS INCURRED BY COMMUNIST 
              CUBA.

    ``(a) Prohibition of Funds.--Notwithstanding any other provision of 
law, none of the funds appropriated pursuant to this Act or any other 
Act shall be made available to pay, in whole or in part, any debts 
incurred by the communist government of Cuba.
    ``(b) Opposition to International Financial Institution Assistance 
To Pay Debts.--The Secretary of the Treasury shall instruct the United 
States executive director of each international financial institution 
to use the voice and vote of the United States to oppose any loan, 
assistance, or program any proceeds of which will be used to pay, in 
whole or in part, any debts incurred by the communist government of 
Cuba.
    ``(c) Definitions.--In this section:
            ``(1) Agency or instrumentality.--The term `agency or 
        instrumentality' means an agency or instrumentality of a 
        foreign state as defined in section 1603(b) of title 28, United 
        States Code, with each reference in such section to `a foreign 
        state' deemed to be a reference to `the communist government of 
        Cuba'.
            ``(2) Communist government of cuba.--The term `communist 
        government of Cuba' includes any government in Cuba, including 
        the government of any political subdivision or any agency or 
        instrumentality thereof, in power during the period between 
        January 1, 1959, and the date upon which the President 
        transmits a determination to the appropriate committees of 
        Congress, in accordance with section 203(c)(1) of the Cuban 
        Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 (22 
        U.S.C. 6063(c)(1)), that a transition government is in power in 
        Cuba.
            ``(3) Debts.--The term `debts' means any amount owed to a 
        foreign government or agency or instrumentality thereof, an 
        international financial institution, or a private person 
        incurred through a loan agreement, barter agreement, sales 
        agreement, legal judgment, or contract.
            ``(4) International financial institution.--The term 
        `international financial institution' means the International 
        Monetary Fund, the International Bank for Reconstruction and 
        Development, the International Development Association, the 
        International Finance Corporation, the Multilateral Investment 
        Guaranty Agency, and the Inter-American Development Bank.''.
                                 <all>
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