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Relations of the Senate a written report on the progress
(if any) made by the United States Executive Director at
the International Monetary Fund in influencing the Inter-
national Monetary Fund to adopt the policies and reform
its internal procedures in the manner described in section
1503.
‘‘(b) TESTIMONY.—After submitting the report re-
quired by subsection (a) but not later than October 31
of each year, the Secretary of the Treasury shall appear
before the Committee on Banking and Financial Services
of the House of Representatives and the Committee on
Foreign Relations of the Senate and present testimony
on—
‘‘(1) any progress made in reforming the Inter-
national Monetary Fund;
‘‘(2) the status of efforts to reform the inter-
national financial system; and
‘‘(3) the compliance of countries which have re-
ceived assistance from the International Monetary
Fund with agreements made as a condition of receiv-
ing the assistance.’’.
AUDITS OF THE INTERNATIONAL MONETARY FUND
SEC. 414. Title XVII of the International Financial
Institutions Act (22 U.S.C. 262r–262r-2) is further
amended by adding at the end the following:
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‘‘SEC. 1706. AUDITS OF THE INTERNATIONAL MONETARY
FUND.
‘‘(a) ACCESS TO MATERIALS.—Not later than 30
days after the date of the enactment of this section, the
Secretary of the Treasury shall certify to the Committee
on Banking and Financial Services of the House of Rep-
resentatives and the Committee on Foreign Relations of
the Senate that the Secretary has instructed the United
States Executive Director at the International Monetary
Fund to facilitate timely access by the General Accounting
Office to information and documents of the International
Monetary Fund needed by the Office to perform financial
reviews of the International Monetary Fund that will fa-
cilitate the conduct of United States policy with respect
to the Fund.
‘‘(b) REPORTS.—Not later than June 30, 1999, and
annually thereafter, the Comptroller General of the United
States shall prepare and submit to the committees speci-
fied in subsection (a) a report on the financial operations
of the Fund during the preceding year, which shall in-
clude—
‘‘(1) the current financial condition of the
International Monetary Fund;
‘‘(2) the amount, rate of interest, disbursement
schedule, and repayment schedule for any loans that
were initiated or outstanding during the preceding
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calendar year, and with respect to disbursement
schedules, the report shall identify and discuss in de-
tail any conditions required to be fulfilled by a bor-
rower country before a disbursement is made;
‘‘(3) a detailed description of whether the trade
policies of borrower countries permit free and open
trade by the United States and other foreign coun-
tries in the borrower countries;
‘‘(4) a detailed description of the export policies
of borrower countries and whether the policies may
result in increased export of their products, goods,
or services to the United States which may have sig-
nificant adverse effects on, or result in unfair trade
practices against or affecting United States compa-
nies, farmers, or communities;
‘‘(5) a detailed description of any conditions of
International Monetary Fund loans which have not
been met by borrower countries, including a discus-
sion of the reasons why such conditions were not
met, and the actions taken by the International
Monetary Fund due to the borrower country’s non-
compliance;
‘‘(6) an identification of any borrower country
and loan on which any loan terms or conditions were
renegotiated in the preceding calendar year, includ-
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ing a discussion of the reasons for the renegotiation
and any new loan terms and conditions; and
‘‘(7) a specification of the total number of loans
made by the International Monetary Fund from its
inception through the end of the period covered by
the report, the number and percentage (by number)
of such loans that are in default or arrears, and the
identity of the countries in default or arrears, and
the number of such loans that are outstanding as of
the end of period covered by the report and the ag-
gregate amount of the outstanding loans and the av-
erage yield (weighted by loan principal) of the his-
torical and outstanding loan portfolios of the Inter-
national Monetary Fund.’’.
SHORT TITLE
SEC. 415. Sections 405 through 415 of this chapter
may be cited as the ‘‘International Monetary Fund Re-
form and Authorization Act of 1998’’.
CHAPTER 5
DEPARTMENT OF THE INTERIOR
MINERALS MANAGEMENT SERVICE
ROYALTY AND OFFSHORE MINERALS MANAGEMENT
For an additional amount for ‘‘Royalty and Offshore
Minerals Management’’ to meet increased demand and
workload requirements stemming from higher than antici-
pated leasing activity in the Gulf of Mexico, $6,675,000,
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to remain available until expended, to be derived from in-
creased receipts resulting from increases to rates in effect
on August 5, 1993, from rate increases to fee collections
for Outer Continental Shelf administrative activities per-
formed by the Minerals Management Service over and
above the rates in effect on September 30, 1993, and from
additional fees for Outer Continental Shelf administrative
activities established after September 30, 1993.
OFFICE OF SURFACE MINING RECLAMATION
AND ENFORCEMENT
ABANDONED MINE RECLAMATION FUND
(INCLUDING TRANSFER OF FUNDS)
For an additional amount for the ‘‘Abandoned Mine
Reclamation Fund’’, $3,163,000, to be derived by transfer
from amounts available in Public Law 105–83 under the
heading ‘‘Regulation and Technology’’, and to be subject
to the same terms and conditions of the account to which
transferred.
BUREAU OF INDIAN AFFAIRS
OPERATION OF INDIAN PROGRAMS
For an additional amount for ‘‘Operation of Indian
Programs’’, $1,050,000, to remain available until ex-
pended, for the cost of document collection and produc-
tion, including electronic imaging, required to support liti-
gation involving individual Indian trust fund accounts.
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DEPARTMENTAL OFFICES
OFFICE OF SPECIAL TRUSTEE FOR AMERICAN
INDIANS
FEDERAL TRUST PROGRAMS
For an additional amount for ‘‘Federal Trust Pro-
grams’’, $4,650,000, to remain available until expended,
for the cost of document collection and production, includ-
ing electronic imaging, required to support litigation in-
volving individual Indian trust fund accounts.
GENERAL PROVISION—THIS CHAPTER
SEC. 501. Section 330C(c) of subpart I of part D
of title III of the Public Health Service Act (42 U.S.C.
254b et seq.), as amended by section 4922 of Public Law
105–33, is further amended by inserting ‘‘, to remain
available until expended,’’ after the words ‘‘fiscal years
1998 through 2002, $30,000,000’’.
CHAPTER 6
DEPARTMENT OF HEALTH AND HUMAN
SERVICES
HEALTH CARE FINANCING ADMINISTRATION
PROGRAM MANAGEMENT
For an additional amount for ‘‘Program manage-
ment’’, $16,000,000.