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Union Calendar No. 362 

108TH CONGRESS 

2D SESSION H. R. 4654 

[Report No. 108–603] 

To reauthorize the Tropical Forest Conservation Act of 1998 through fiscal 

year 2007, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 23, 2004 

Mr. PORTMAN (for himself, Mr. LANTOS, Mr. BALLENGER, Mr. ROYCE, Ms. 

ROS-LEHTINEN, Mr. LEACH, Mr. GALLEGLY, Mr. WEXLER, Mr. 

FALEOMAVAEGA, Mr. SHERMAN, Mr. CHABOT, Mr. HOUGHTON, Mr. 

WELLER, Mr. BROWN of Ohio, Mr. PICKERING, Mr. OXLEY, Mr. CARDIN, 

Ms. SLAUGHTER, Mr. CAMP, Mr. TANNER, Mr. HOBSON, Mr. SHAW, Mr. 

FORD, Mr. EHLERS, Mr. LATOURETTE, Mr. GUTIERREZ, Mr. ENGLISH, 

Ms. PRYCE of Ohio, Mr. TIBERI, and Mrs. TAUSCHER) introduced the 

following bill; which was referred to the Committee on International Relations 

JULY 14, 2004 

Additional sponsors: Mr. MANZULLO, Ms. KAPTUR, Ms. WOOLSEY, and Mr. 

MCGOVERN

JULY 14, 2004 

Committed to the Committee of the Whole House on the State of the Union 

and ordered to be printed 

A BILL 

To reauthorize the Tropical Forest Conservation Act of 1998 

through fiscal year 2007, and for other purposes. 
2 

•HR 4654 RH 

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

3 SECTION 1. REDUCTION OF DEBT UNDER THE FOREIGN AS4 SISTANCE ACT OF 1961 AND TITLE I OF THE 

5 AGRICULTURAL TRADE DEVELOPMENT AND 

6 ASSISTANCE ACT OF 1954. 

7 Section 806(d) of the Tropical Forest Conservation 

8 Act of 1998 (22 U.S.C. 2431d(d)) is amended by adding 

9 at the end the following new paragraphs: 

10 ‘‘(4) $20,000,000 for fiscal year 2005. 

11 ‘‘(5) $25,000,000 for fiscal year 2006. 

12 ‘‘(6) $30,000,000 for fiscal year 2007.’’. 

13 SEC. 2. USE OF FUNDS TO CONDUCT PROGRAM AUDITS 

14 AND EVALUATIONS. 

15 Section 806 of the Tropical Forest Conservation Act 

16 of 1998 (22 U.S.C. 2431d) is amended by adding at the 

17 end the following new subsection: 

18 ‘‘(e) USE OF FUNDS TO CONDUCT PROGRAM AUDITS

19 AND EVALUATIONS.—Of the amounts made available to 

20 carry out this part for a fiscal year, $200,000 is author21 ized to be made available to carry out audits and evalua22 tions of programs under this part, including personnel 

23 costs associated with such audits and evaluations.’’. 
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1 SEC. 3. AUTHORITY TO ALLOW FOR PAYMENTS OF INTER2 EST AND PRINCIPAL IN LOCAL CURRENCIES. 

3 (a) AUTHORITY UNDER THE FOREIGN ASSISTANCE

4 ACT OF 1961.—Section 806(c) of the Tropical Forest 

5 Conservation Act of 1998 (22 U.S.C. 2431d(c)) is amend6 ed— 

7 (1) in the matter preceding paragraph (1), by 

8 striking ‘‘The following’’ and inserting ‘‘(1) The fol9 lowing’’; 

10 (2) by redesignating paragraphs (1) and (2) as 

11 subparagraphs (A) and (B), respectively; and 

12 (3) by adding at the end the following: 

13 ‘‘(2) In addition to the application of the provisions 

14 relating to repayment of principal under section 705 of 

15 this Act to the reduction of debt under subsection (a)(1) 

16 (in accordance with paragraph (1)(A) of this subsection), 

17 repayment of principal on a new obligation established 

18 under subsection (b) may be made in the local currency 

19 of the beneficiary country and deposited in the Tropical 

20 Forest Fund of the country in the same manner as the 

21 provisions relating to payment of interest on new obliga22 tions under section 706 of this Act.’’. 

23 (b) AUTHORITY UNDER TITLE I OFTHE AGRICUL24 TURAL TRADE DEVELOPMENT AND ASSISTANCE ACT OF

25 1954.—Section 807(c) of the Tropical Forest Conserva26 tion Act of 1998 (22 U.S.C. 2431e(c)) is amended— 
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•HR 4654 RH 

1 (1) in the matter preceding paragraph (1), by 

2 striking ‘‘The following’’ and inserting ‘‘(1) The fol3 lowing’’; 

4 (2) by redesignating paragraphs (1) and (2) as 

5 subparagraphs (A) and (B), respectively; and 

6 (3) by adding at the end the following: 

7 ‘‘(2) In addition to the application of the provisions 

8 relating to repayment of principal under section 605 of 

9 the Agricultural Trade Development and Assistance Act 

10 of 1954 to the reduction of debt under subsection (a)(1) 

11 (in accordance with paragraph (1)(A) of this subsection), 

12 repayment of principal on a new obligation established 

13 under subsection (b) may be made in the local currency 

14 of the beneficiary country and deposited in the Tropical 

15 Forest Fund of the country in the same manner as the 

16 provisions relating to payment of interest on new obliga17 tions under section 606 of such Act.’’. 

18 (c) CONFORMING AMENDMENT.—Section 810(a) of 

19 the Tropical Forest Conservation Act of 1998 (22 U.S.C. 

20 2431h(a)) is amended by inserting ‘‘and principal’’ after 

21 ‘‘interest’’. 

Union Calendar No. 362 

108TH CONGRESS 

2D SESSION H. R. 4654 

[Report No. 108–603] 

A BILL 

To reauthorize the Tropical Forest Conservation 

other purposes. Act of 1998 through fiscal year 2007, and for 

JULY 14, 2004 

Committed to the Committee of the Whole House on the 

State of the Union and ordered to be printed