II

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.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘World Bank AIDS

5 Prevention Trust Fund Act’’.

6 SEC. 2. FINDINGS AND PURPOSES.

7 (a) FINDINGS.—The Congress finds the following:
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1 (1) According to statistics of the International

2 Bank for Reconstruction and Development (here3 after referred to as the ‘‘World Bank’’), more than

4 90 percent of all adults and children with human

5 immunodeficiency virus/acquired immune deficiency

6 syndrome (referred to as HIV/AIDS) live in the de7 veloping world—62 percent in Sub-Saharan Africa,

8 24 percent in Asia, and 6.9 percent in Latin Amer9 ica and the Caribbean.

10 (2) In Africa, the death toll from AIDS has

11 reached 13,000,000, while 23,000,000 others live

12 with the disease, and more than 10,000,000 children

13 have been infected or orphaned by it.

14 (3) The World Bank, declaring AIDS not just

15 a public health problem but the ‘‘foremost and fast16 est-growing threat to development’’ in Africa, has

17 launched a new strategy for HIV/AIDS in Africa,

18 declaring it a top priority for the World Bank on

19 that continent.

20 (4) The World Bank estimates that for Africa

21 alone, $1,000,000,000 to $2,300,000,000 annually is

22 needed for prevention in the region in contrast to

23 the modest $160,000,000 a year in official assist24 ance currently available for HIV/AIDS in Africa.
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1 (5) AIDS, like all diseases, knows no bound2 aries, and there is no certitude that the scale of the

3 problem in one continent can be contained within

4 that region.

5 (6) Accordingly, United States financial support

6 for medical research, education, and disease contain7 ment as a global strategy has beneficial ramifica8 tions for millions of Americans and their families

9 who are affected by this disease, and the entire pop10 ulation which is potentially susceptible.

11 (b) PURPOSES.—The purposes of this Act are to pre12 vent human suffering and to ensure the viability of eco13 nomic development, stability, and national security in the

14 developing world by advancing research to understand the

15 causes associated with HIV/AIDS in developing countries

16 and to assist in the development of an AIDS vaccine.

17 SEC. 3. NEGOTIATIONS FOR THE CREATION OF A WORLD

18 BANK TRUST FUND TO ASSIST IN AIDS PRE19 VENTION AND ERADICATION.

20 The Secretary of the Treasury should enter into ne21 gotiations with the World Bank or the International De22 velopment Association (hereafter referred to as the ‘‘Asso23 ciation’’), with the member nations of such institutions,

24 and with other interested parties for the creation of a trust
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1 fund, to be administered by the Bank or the Association,

2 as appropriate, which would—

3 (1) accept contributions from governments, the

4 private sector, and nongovernmental entities of all

5 kinds; and

6 (2) use such contributions to address the AIDS

7 epidemic in countries eligible to borrow from the As8 sociation.

9 SEC. 4. LIMITATIONS ON AUTHORIZATION OF APPROPRIA10 TIONS.

11 In addition to any other funds authorized to be ap12 propriated for multilateral or bilateral programs related

13 to AIDS, there is authorized to be appropriated to the

14 Secretary of the Treasury $100,000,000 for each of fiscal

15 years 2001 through 2005 for payment to the trust fund

16 established as a result of the negotiations entered into

17 pursuant to section 3.

18 SEC. 5. REPORT TO THE CONGRESS.

19 Not later than 3 years after the date of enactment

20 of this Act, the Secretary of the Treasury shall submit

21 to the Committees on Banking and Financial Services and

22 on International Relations of the House of Representa23 tives and the Committees on Banking, Housing, and

24 Urban Affairs and on Foreign Relations of the Senate a

25 written report on the trust fund established pursuant to
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1 section 3, the goals of the trust fund, the programs,

2 projects, and activities, including any vaccination ap3 proaches, supported by the trust fund, and the effective4 ness of such programs, projects, and activities in reducing

5 the worldwide spread of AIDS.

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