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[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1358 Introduced in House (IH)]

107th CONGRESS
  1st Session
                                H. R. 1358

 To remove the sanctions imposed on India and Pakistan as a result of 
the detonation by those countries of nuclear explosive devices in 1998, 
                        and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             April 3, 2001

  Mr. McDermott (for himself and Mr. Royce) introduced the following 
 bill; which was referred to the Committee on International Relations, 
and in addition to the Committee on Financial Services, for a period to 
      be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 A BILL

 
 To remove the sanctions imposed on India and Pakistan as a result of 
the detonation by those countries of nuclear explosive devices in 1998, 
                        and for other purposes.

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

SECTION 1. REMOVAL OF SANCTIONS ON INDIA AND PAKISTAN.

    (a) Removal of Sanctions.--Effective on the date of the enactment 
of this Act, all prohibitions on assistance to India or Pakistan, and 
all sanctions and other economic restrictions imposed on India or 
Pakistan, or persons or entities in India or Pakistan, under--
            (1) section 101 or 102 of the Arms Export Control Act (22 
        U.S.C. 2799aa and 2799aa-1),
            (2) section 2(b)(4) of the Export-Import Bank Act of 1945 
        (12 U.S.C. 635(b)(4), or
            (3) any other provision of law,
on account of the detonation by India and Pakistan of nuclear explosive 
devices in 1998, shall cease to be effective.
    (b) Conforming Amendment.--Title IX of the Department of Defense 
Appropriations Act, 2000 (22 U.S.C. 2799aa-1 note) is repealed.

SEC. 2. FAVORABLE CONSIDERATION OF MATTERS RELATED TO INDIA OR PAKISTAN 
              AT THE INTERNATIONAL FINANCIAL INSTITUTIONS.

    Title XVI of the International Financial Institutions Act (42 
U.S.C. 262p--262p-7) is amended by adding at the end the following:

``SEC. 1625. FAVORABLE CONSIDERATION OF MATTERS RELATED TO INDIA OR 
              PAKISTAN.

    ``Subject to section 701, the Secretary of the Treasury shall 
instruct the United States Executive Directors at the International 
Bank for Reconstruction and Development, the International Monetary 
Fund, and the Asian Development Bank to use the voice, vote, and 
influence of the United States to urge their respective institutions--
            ``(1) to approve any assistance for India that the 
        Government of India may request, except any part of such a 
        request the approval of which the United States Executive 
        Director, after consultation with the appropriate 
        representative of the Government of India, determines would not 
        be in the best interests of India or the United States; and
            ``(2) to approve any assistance for Pakistan that the 
        Government of Pakistan may request, except any part of such a 
        request the approval of which the United States Executive 
        Director, after consultation with the appropriate 
        representative of the Government of Pakistan, determines would 
        not be in the best interests of Pakistan or the United 
        States.''.
                                 <all>
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