I
106TH CONGRESS
2D SESSION
H. R. 4602
To protect United States citizens against expropriations of property by the
Government of the Republic of Nicaragua.
IN THE HOUSE OF REPRESENTATIVES
JUNE 8, 2000
Mr. GILMAN (for himself, Mr. DELAY, Mr. HYDE, Mr. BURTON of Indiana,
Mr. MCCOLLUM, Mr. KING, Mr. POMBO, Mr. DEUTSCH, and Mr. GON-
ZALEZ) introduced the following bill; which was referred to the Committee
on International Relations, and in addition to the Committee on Banking
and 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 protect United States citizens against expropriations of
property by the Government of the Republic of Nicaragua.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Property Protection
Act of 2000’’.
SEC. 
2. 
PROTECTION 
OF 
UNITED 
STATES 
CITIZENS
AGAINST EXPROPRIATIONS OF PROPERTY BY
NICARAGUA.
(a) BILATERAL ASSISTANCE.—
(1) IN
GENERAL.—Notwithstanding section
527(g) of the Foreign Relations Authorization Act,
Fiscal Years 1994 and 1995, assistance under the
Foreign Assistance Act of 1961 or the Arms Export
Control Act for fiscal year 2001 or 2002 may only
be provided to the Government of the Republic of
Nicaragua if the President first makes a certifi-
cation under subsection (d) for the fiscal year in-
volved.
(2) EXCEPTION.—For purposes of paragraph
(1), the term ‘‘assistance under the Foreign Assist-
ance Act of 1961’’ shall not include—
(A) assistance under chapter 1 or chapter
10 of part I of such Act for child survival, basic
education, assistance to combat tropical and
other diseases, and related activities;
(B) assistance under section 481 of such
Act (relating to international narcotics control
assistance); and
(C) assistance under chapter 9 of part I of
such Act (relating to international disaster as-
sistance).
(b) MULTILATERAL ASSISTANCE.—
(1) IN GENERAL.—The President shall instruct
the United States Executive Director at each multi-
lateral development bank and international financial
institution to which the United States is a member
to use the voice, vote, and influence of the United
States to oppose any loan or other utilization of the
funds of such bank or institution for the benefit of
the Republic of Nicaragua for fiscal year 2001 or
2002 unless the President first makes a certification
under subsection (d) for the fiscal year involved.
(2) EXCEPTION.—Paragraph (1) shall not
apply with respect to assistance that is directed spe-
cifically to programs which serve the basic human
needs of the citizens of Nicaragua.
(c) REPORT.—Not later than September 1, 2000, or
the date of the enactment of this Act (whichever occurs
later), and not later than September 1, 2001, the Presi-
dent shall prepare and transmit to Congress a detailed re-
port listing the 50 most urgent property claims by United
States citizens against the Government of the Republic of
Nicaragua which shall include, but not be limited to, all
property claims in which Nicaraguan courts have ruled in
favor of United States citizens, and property claims by
United States citizens involving Public Sector National
Corporations (CORNAP).
(d) CERTIFICATION.—A certification under this sub-
section is a certification to the Congress that the Govern-
ment of the Republic of Nicaragua has returned the na-
tionalized or expropriated property of each United States
citizen who has a formally-documented claim against the
Government of Nicaragua listed in the report under sub-
section (c), or has provided adequate and effective com-
pensation in convertible foreign exchange or other mutu-
ally acceptable compensation equivalent to the full value
of the nationalized or expropriated property of each
United States citizen who has a formally-documented
claim against the Government of Nicaragua listed in the
report under subsection (c).
Æ