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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2033 Introduced in Senate (IS)]

106th CONGRESS
  2d Session
                                 S. 2033

  To provide for negotiations for the creation of a trust fund to be 
     administered by the International Bank for Reconstruction and 
Development or the International Development Association to combat the 
                             AIDS epidemic.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            February 3, 2000

Mr. Kerry  (for himself and Mr. Durbin) introduced the following bill; 
        which was referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL

 
  To provide for negotiations for the creation of a trust fund to be 
     administered by the International Bank for Reconstruction and 
Development or the International Development Association to combat the 
                             AIDS epidemic.

    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 ``World Bank AIDS Prevention Trust 
Fund Act''.

SEC. 2. FINDINGS AND PURPOSES.

    (a) Findings.--The Congress finds the following:
            (1) According to statistics of the International Bank for 
        Reconstruction and Development (hereafter referred to as the 
        ``World Bank''), more than 90 percent of all adults and 
        children with human immunodeficiency virus/acquired immune 
        deficiency syndrome (referred to as HIV/AIDS) live in the 
        developing world--62 percent in Sub-Saharan Africa, 24 percent 
        in Asia, and 6.9 percent in Latin America and the Caribbean.
            (2) In Africa, the death toll from AIDS has reached 
        13,000,000, while 23,000,000 others live with the disease, and 
        more than 10,000,000 children have been infected or orphaned by 
        it.
            (3) The World Bank, declaring AIDS not just a public health 
        problem but the ``foremost and fastest-growing threat to 
        development'' in Africa, has launched a new strategy for HIV/
        AIDS in Africa, declaring it a top priority for the World Bank 
        on that continent.
            (4) The World Bank estimates that for Africa alone, 
        $1,000,000,000 to $2,300,000,000 annually is needed for 
        prevention in the region in contrast to the modest $160,000,000 
        a year in official assistance currently available for HIV/AIDS 
        in Africa.
            (5) AIDS, like all diseases, knows no boundaries, and there 
        is no certitude that the scale of the problem in one continent 
        can be contained within that region.
            (6) Accordingly, United States financial support for 
        medical research, education, and disease containment as a 
        global strategy has beneficial ramifications for millions of 
        Americans and their families who are affected by this disease, 
        and the entire population which is potentially susceptible.
    (b) Purposes.--The purposes of this Act are to prevent human 
suffering and to ensure the viability of economic development, 
stability, and national security in the developing world by advancing 
research to understand the causes associated with HIV/AIDS in 
developing countries and to assist in the development of an AIDS 
vaccine.

SEC. 3. NEGOTIATIONS FOR THE CREATION OF A WORLD BANK TRUST FUND TO 
              ASSIST IN AIDS PREVENTION AND ERADICATION.

    The Secretary of the Treasury should enter into negotiations with 
the World Bank or the International Development Association (hereafter 
referred to as the ``Association''), with the member nations of such 
institutions, and with other interested parties for the creation of a 
trust fund, to be administered by the Bank or the Association, as 
appropriate, which would--
            (1) accept contributions from governments, the private 
        sector, and nongovernmental entities of all kinds; and
            (2) use such contributions to address the AIDS epidemic in 
        countries eligible to borrow from the Association.

SEC. 4. LIMITATIONS ON AUTHORIZATION OF APPROPRIATIONS.

    In addition to any other funds authorized to be appropriated for 
multilateral or bilateral programs related to AIDS, there is authorized 
to be appropriated to the Secretary of the Treasury $100,000,000 for 
each of fiscal years 2001 through 2005 for payment to the trust fund 
established as a result of the negotiations entered into pursuant to 
section 3.

SEC. 5. REPORT TO THE CONGRESS.

    Not later than 3 years after the date of enactment of this Act, the 
Secretary of the Treasury shall submit to the Committees on Banking and 
Financial Services and on International Relations of the House of 
Representatives and the Committees on Banking, Housing, and Urban 
Affairs and on Foreign Relations of the Senate a written report on the 
trust fund established pursuant to section 3, the goals of the trust 
fund, the programs, projects, and activities, including any vaccination 
approaches, supported by the trust fund, and the effectiveness of such 
programs, projects, and activities in reducing the worldwide spread of 
AIDS.
                                 <all>
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