Tropical Forest Conservation Reauthorization Act of 2018

To reauthorize the Tropical Forest Conservation Act of 1998 through fiscal year 2021, and for other purposes. 1. Short title; table of contents (a) Short title This Act may be cited as the Tropical Forest Conservation Reauthorization Act of 2018 (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Amendment to short title of Act to encompass modified scope. Sec. 3. Protection of tropical forests and coral reefs. Sec. 4. Change to name of facility. Sec. 5. Eligibility for benefits. Sec. 6. Reduction of debt owed to the United States as a result of credits extended under title I of Food for Peace Act. Sec. 7. United States Government representation on oversight bodies for grants from debt-for-nature swaps and debt buybacks. Sec. 8. Conservation agreements. Sec. 9. Conservation Fund. Sec. 10. Changes to due dates of annual reports to Congress. Sec. 11. New authorization of appropriations for the reduction of debt and authorization for audit, evaluation, monitoring, and administration expenses. 2. Amendment to short title of Act to encompass modified scope (a) In general Section 801 of the Tropical Forest Conservation Act of 1998 (part V of Public Law 87–195 22 U.S.C. 2151 Tropical Forest Conservation Act of 1998 Tropical Forest and Coral Reef Conservation Act of 1998 (b) References Any reference in any other provision of law, regulation, document, paper, or other record of the United States to the Tropical Forest Conservation Act of 1998 Tropical Forest and Coral Reef Conservation Act of 1998 3. Protection of tropical forests and coral reefs (a) In general Section 802 of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431 (1) in subsections (a)(1), (a)(6), (b)(1), (b)(3), and (b)(4), by striking tropical forests tropical forests and coral reef ecosystems (2) in subsection (a)(2)(C), by striking far-flung (3) in subsection (a)(7), by striking tropical forests is critical to the protection of tropical forests tropical forests and coral reef ecosystems is critical to the protection of such areas (4) in subsection (b)(2)— (A) by striking tropical forests tropical forests and coral ecosystems (B) by striking tropical forests areas (C) by striking tropical forests tropical forests and coral reef ecosystems (b) Amendments related to definitions Section 803 of such Act ( 22 U.S.C. 2431a (1) in paragraph (5)— (A) in the heading, by striking tropical forest tropical forest or coral reef (B) in the matter preceding subparagraph (A), by striking tropical forest tropical forest or coral reef (C) in subparagraph (B)— (i) by striking tropical forest tropical forest or coral reef (ii) by striking tropical forests tropical forests or coral reefs (2) by adding at the end the following new paragraphs: (10) Coral The term coral (A) all species of the orders Antipatharia (black corals), Scleractinia (stony corals), Alcyonacea (soft corals), Gorgonacea (horny corals), Stolonifera (organpipe corals and others), and Coenothecalia (blue coral), of the class Anthozoa; and (B) all species of the order Hy­dro­cor­al­lina (fire corals and hydrocorals) of the class Hydrozoa. (11) Coral reef The term coral reef (12) Coral reef ecosystem The term coral reef ecosystem . 4. Change to name of facility (a) In general Section 804 of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431b Tropical Forest Facility Conservation Facility (b) Conforming amendments to definitions Section 803(8) of such Act ( 22 U.S.C. 2431a(8) (1) in the heading, by striking Tropical forest facility Conservation facility (2) by striking Tropical Forest Facility Conservation Facility (c) References Any reference in any other provision of law, regulation, document, paper, or other record of the United States to the Tropical Forest Facility Conservation Facility 5. Eligibility for benefits Section 805(a) of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431c(a) (1) by striking tropical forest tropical forest or coral reef (2) by redesignating paragraph (2) as paragraph (7); and (3) by striking paragraph (1) and inserting the following new paragraphs: (1) whose government is democratically elected; (2) whose government has not repeatedly provided support for acts of international terrorism; (3) whose government is not failing to cooperate on international narcotics control matters; (4) whose government (including its military or other security forces) does not engage in a consistent pattern of gross violations of internationally recognized human rights; (5) that has in effect, has received approval for, or is making significant progress toward— (A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or a Fund monitored program, or is implementing sound macroeconomic policies, unless the President determines that such an arrangement or program could reasonably be expected to have significant adverse social or environmental effect; and (B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development or the International Development Association, unless the President determines that the resulting adjustment requirements could reasonably be expected to have significant adverse social or environmental effects; (6) if appropriate, has agreed with its commercial bank lenders on a satisfactory financing program, including, as appropriate, debt or debt service reduction; and . 6. Reduction of debt owed to the United States as a result of credits extended under title I of Food for Peace Act Section 807(a)(1) of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431e(a)(1) outstanding as of January 1, 1998, outstanding as of the date of the enactment of the Tropical Forest Conservation Reauthorization Act of 2018 7. United States Government representation on oversight bodies for grants from debt-for-nature swaps and debt buybacks Section 808(a)(5) of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431f(a)(5) (C) United States Government representation on the administering body One or more individuals appointed by the United States Government shall serve in an official capacity on the administering body that oversees the implementation of grants arising from a debt-for-nature swap or debt buyback regardless of whether the United States is a party to any agreement between the eligible purchaser and the government of the beneficiary country. . 8. Conservation agreements (a) Renaming of agreements Section 809 of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431g (1) in the section heading, by striking Tropical Forest Agreement Conservation Agreement (2) in subsection (a)— (A) by striking Authority (1) In General.— Authority (B) by striking Tropical Forest Agreement Conservation Agreement (b) Elimination of requirement To consult with the enterprise for the Americas Board Such subsection is further amended by striking paragraph (2). (c) Role of beneficiary countries Such section is further amended— (1) in subsection (e)(1)(C), by striking in exceptional circumstances, the government of the beneficiary country in limited circumstances, the government of the beneficiary country when needed to improve governance and enhance management of tropical forests or coral reef ecosystems, without replacing existing levels of financial efforts by the government of the beneficiary country and with priority given to projects that complement grants made under subparagraphs (A) and (B) (2) by amending subsection (f) to read as follows: (f) Review of larger grants Any grant of more than $250,000 from a Fund must be approved by the Government of the United States and the government of the beneficiary country. . (d) Technical and conforming amendments Such section is further amended— (1) in subsection (c)(2)(A)(i), by inserting to serve in an official capacity Government (2) in subsection (d)— (A) in the matter preceding paragraph (1), by striking tropical forests tropical forests and coral reef ecosystems (B) in paragraph (5), by striking tropical forest (C) in paragraph (6), by striking living in or near a tropical forest in a manner consistent with protecting such tropical forest dependent on a tropical forest or coral reef ecosystem and related resources in a manner consistent with conserving such resources (e) Conforming amendments to definitions Section 803(7) of such Act ( 22 U.S.C. 2431a(7) (1) in the heading, by striking Tropical Forest Agreement Conservation Agreement (2) by striking Tropical Forest Agreement Conservation Agreement 9. Conservation Fund (a) In general Section 810 of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431h (1) in the section heading, by striking Tropical Forest Fund Conservation Fund (2) in subsection (a)— (A) by striking Tropical Forest Agreement Conservation Agreement (B) by striking Tropical Forest Fund Conservation Fund (b) Conforming amendments to definitions Such Act is further amended— (1) in section 803(9) ( 22 U.S.C. 2431a(9) (A) in the heading, by striking Tropical Forest Fund Conservation Fund (B) by striking Tropical Forest Fund Conservation Fund (2) in section 806(c)(2) ( 22 U.S.C. 2431d(c)(2) Tropical Forest Fund Conservation Fund (3) in section 807(c)(2) ( 22 U.S.C. 2431e(c)(2) Tropical Forest Fund Conservation Fund 10. Changes to due dates of annual reports to Congress Section 813 of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431k (1) in subsection (a)— (A) by striking (a) In General.— Not later than April 15 (B) by striking fiscal year calendar year (2) by striking subsection (b). 11. New authorization of appropriations for the reduction of debt and authorization for audit, evaluation, monitoring, and administration expenses Section 806 of the Tropical Forest and Coral Reef Conservation Act of 1998 22 U.S.C. 2431d (1) in subsection (d), by adding at the end the following new paragraphs: (7) $20,000,000 for fiscal year 2019. (8) $20,000,000 for fiscal year 2020. (9) $20,000,000 for fiscal year 2021. (10) $20,000,000 for fiscal year 2022. ; and (2) by amending subsection (e) to read as follows: (e) Use of funds To conduct program audits, evaluations, monitoring, and administration Of the amounts made available to carry out this part for a fiscal year, $300,000 is authorized to be made available to carry out audits, evaluations, monitoring, and administration of programs under this part, including personnel costs associated with such audits, evaluations, monitoring and administration. .

Summary: Tropical Forest Conservation Reauthorization Act of 2018 This bill renames the Tropical Forest Conservation Act of 1998 as the Tropical Forest and Coral Reef Conservation Act of 1998 and otherwise revises the&nbsp;Act.&nbsp; Coral reef ecosystems are included within the Act's scope and made eligible for benefits under&nbsp;the Act. The Tropical Forest Facility is renamed the Conservation Facility, and the Tropical Forest Fund is renamed the Conservation Fund. One or more individuals appointed by the U.S. government may serve on oversight bodies for grants from a debt-for-nature swap or debt buyback regardless of whether the United States is a party to any agreement between the eligible purchaser and the government of the beneficiary country. A grant of more than $250,000 must be approved by the U.S. government and the government of the beneficiary country.