219
HR 4818 PP 
SEPARATE ACCOUNTS 
SEC. 5029. (a) SEPARATE ACCOUNTS FOR LOCAL CUR-
RENCIES.—(1) If assistance is furnished to the government 
of a foreign country under chapters 1 and 10 of part I or 
chapter 4 of part II of the Foreign Assistance Act of 1961 
under agreements which result in the generation of local 
currencies of that country, the Administrator of the United 
States Agency for International Development shall—
(A) require that local currencies be deposited in 
a separate account established by that government; 
(B) enter into an agreement with that govern-
ment which sets forth—
(i) the amount of the local currencies to be 
generated; and 
(ii) the terms and conditions under which 
the currencies so deposited may be utilized, con-
sistent with this section; and 
(C) establish by agreement with that government 
the responsibilities of the United States Agency for 
International Development and that government to 
monitor and account for deposits into and disburse-
ments from the separate account. 
(2) USES OF LOCAL CURRENCIES.—As may be agreed 
upon with the foreign government, local currencies depos-
ited in a separate account pursuant to subsection (a), or
220
HR 4818 PP 
an equivalent amount of local currencies, shall be used 
only—
(A) to carry out chapter 1 or 10 of part I or 
chapter 4 of part II (as the case may be), for such 
purposes as—
(i) project and sector assistance activities; 
or 
(ii) debt and deficit financing; or 
(B) for the administrative requirements of the 
United States Government. 
(3) PROGRAMMING
ACCOUNTABILITY.—The United 
States Agency for International Development shall take all 
necessary steps to ensure that the equivalent of the local cur-
rencies disbursed pursuant to subsection (a)(2)(A) from the 
separate account established pursuant to subsection (a)(1) 
are used for the purposes agreed upon pursuant to sub-
section (a)(2). 
(4) TERMINATION OF ASSISTANCE PROGRAMS.—Upon 
termination of assistance to a country under chapter 1 or 
10 of part I or chapter 4 of part II (as the case may be), 
any unencumbered balances of funds which remain in a 
separate account established pursuant to subsection (a) 
shall be disposed of for such purposes as may be agreed to 
by the government of that country and the United States 
Government.
221
HR 4818 PP 
(5) REPORTING REQUIREMENT.—The Administrator of 
the United States Agency for International Development 
shall report on an annual basis as part of the justification 
documents submitted to the Committees on Appropriations 
on the use of local currencies for the administrative require-
ments of the United States Government as authorized in 
subsection (a)(2)(B), and such report shall include the 
amount of local currency (and United States dollar equiva-
lent) used and/or to be used for such purpose in each appli-
cable country. 
(b) SEPARATE ACCOUNTS FOR CASH TRANSFERS.—(1) 
If assistance is made available to the government of a for-
eign country, under chapter 1 or 10 of part I or chapter 
4 of part II of the Foreign Assistance Act of 1961, as cash 
transfer assistance or as nonproject sector assistance, that 
country shall be required to maintain such funds in a sepa-
rate account and not commingle them with any other funds. 
(2) APPLICABILITY OF OTHER PROVISIONS OF LAW.—
Such funds may be obligated and expended notwithstanding 
provisions of law which are inconsistent with the nature 
of this assistance including provisions which are referenced 
in the Joint Explanatory Statement of the Committee of 
Conference accompanying House Joint Resolution 648 
(House Report No. 98–1159).
222
HR 4818 PP 
(3) NOTIFICATION.—At least 15 days prior to obli-
gating any such cash transfer or nonproject sector assist-
ance, the President shall submit a notification through the 
regular notification procedures of the Committees on Appro-
priations, which shall include a detailed description of how 
the funds proposed to be made available will be used, with 
a discussion of the United States interests that will be 
served by the assistance (including, as appropriate, a de-
scription of the economic policy reforms that will be pro-
moted by such assistance). 
(4) EXEMPTION.—Nonproject sector assistance funds 
may be exempt from the requirements of subsection (b)(1) 
only through the notification procedures of the Committees 
on Appropriations. 
ENTERPRISE FUND RESTRICTIONS 
SEC. 5030. (a) Prior to the distribution of any assets 
resulting from any liquidation, dissolution, or winding up 
of an Enterprise Fund, in whole or in part, the President 
shall submit to the Committees on Appropriations, in ac-
cordance with the regular notification procedures of the 
Committees on Appropriations, a plan for the distribution 
of the assets of the Enterprise Fund. 
(b) Funds made available by this Act for Enterprise 
Funds shall be expended at the minimum rate necessary 
to make timely payment for projects and activities.
223
HR 4818 PP 
BURMA 
SEC. 5031. (a) The Secretary of the Treasury shall in-
struct the United States executive director to each appro-
priate international financial institution in which the 
United States participates, to oppose and vote against the 
extension by such institution of any loan or financial or 
technical assistance or any other utilization of funds of the 
respective bank to and for Burma. 
(b) Of the funds appropriated under the heading ‘‘Eco-
nomic Support Fund’’, not less than $15,000,000 shall be 
made available to support democracy activities in Burma, 
along the Burma-Thailand border, for activities of Burmese 
student groups and other organizations located outside 
Burma, and for the purpose of supporting the provision of 
humanitarian assistance to displaced Burmese along Bur-
ma’s borders: Provided, That funds made available under 
this heading may be made available notwithstanding any 
other provision of law: Provided further, That in addition 
to assistance for Burmese refugees provided under the head-
ing ‘‘Migration and Refugee Assistance’’ in this Act, not 
less than $4,000,000 of the funds made available under this 
heading shall be made available for humanitarian assist-
ance for displaced Burmese and host communities in Thai-
land, and not less than $3,000,000 of such funds shall be 
made available to Thailand-based, nongovernmental orga-