‘‘(6) if appropriate, has agreed with its com-
mercial bank lenders on a satisfactory financing pro-
gram, including, as appropriate, debt or debt service 
reduction; and’’. 
SEC. 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)), 
as renamed by section 2(a), is amended by striking ‘‘out-
standing as of January 1, 1998,’’ and inserting ‘‘out-
standing as of the date of the enactment of the Tropical 
Forest Conservation Reauthorization Act of 2018’’. 
SEC. 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)), 
as renamed by section 2(a), is amended by adding at the 
end the following new subparagraph: 
‘‘(C) UNITED STATES GOVERNMENT REP-
RESENTATION
ON
THE
ADMINISTERING 
BODY.—One or more individuals appointed by 
the United States Government shall serve in an 
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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 bene-
ficiary country.’’. 
SEC. 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), as renamed by section 2(a), is 
amended— 
(1) in the section heading, by striking ‘‘TROP-
ICAL FOREST AGREEMENT’’ and inserting ‘‘CON-
SERVATION AGREEMENT’’; and 
(2) in subsection (a)— 
(A) by striking ‘‘AUTHORITY’’ and all that 
follows through ‘‘(1) IN GENERAL.—The Sec-
retary’’ and inserting ‘‘AUTHORITY.—The Sec-
retary’’; and 
(B) by striking ‘‘Tropical Forest Agree-
ment’’ and inserting ‘‘Conservation Agree-
ment’’. 
(b) ELIMINATION OF REQUIREMENT TO CONSULT 
WITH THE ENTERPRISE FOR THE AMERICAS BOARD.— 
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Such subsection is further amended by striking paragraph 
(2). 
(c) ROLE OF BENEFICIARY COUNTRIES.—Such sec-
tion is further amended— 
(1) in subsection (e)(1)(C), by striking ‘‘in ex-
ceptional circumstances, the government of the bene-
ficiary country’’ and inserting ‘‘in limited cir-
cumstances, the government of the beneficiary coun-
try when needed to improve governance and enhance 
management of tropical forests or coral reef eco-
systems, 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)’’; 
and 
(2) by amending subsection (f) to read as fol-
lows: 
‘‘(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— 
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(1) in subsection (c)(2)(A)(i), by inserting ‘‘to 
serve in an official capacity’’ after ‘‘Government’’; 
and 
(2) in subsection (d)— 
(A) in the matter preceding paragraph (1), 
by striking ‘‘tropical forests’’ and inserting 
‘‘tropical forests and coral reef ecosystems’’; 
(B) in paragraph (5), by striking ‘‘tropical 
forest’’; and 
(C) in paragraph (6), by striking ‘‘living in 
or near a tropical forest in a manner consistent 
with protecting such tropical forest’’ and insert-
ing ‘‘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)) is 
amended— 
(1) in the heading, by striking ‘‘TROPICAL FOR-
EST
AGREEMENT’’ and inserting ‘‘CONSERVATION 
AGREEMENT’’; and 
(2) by striking ‘‘Tropical Forest Agreement’’ 
both places it appears and inserting ‘‘Conservation 
Agreement’’. 
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SEC. 9. CONSERVATION FUND. 
(a) IN GENERAL.—Section 810 of the Tropical For-
est and Coral Reef Conservation Act of 1998 (22 U.S.C. 
2431h), as renamed by section 2(a), is amended— 
(1) in the section heading, by striking ‘‘TROP-
ICAL FOREST FUND’’ and inserting ‘‘CONSERVA-
TION FUND’’; and 
(2) in subsection (a)— 
(A) by striking ‘‘Tropical Forest Agree-
ment’’ and inserting ‘‘Conservation Agree-
ment’’; and 
(B) by striking ‘‘Tropical Forest Fund’’ 
and inserting ‘‘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’’ and inserting ‘‘CONSERVATION 
FUND’’; and 
(B) by striking ‘‘Tropical Forest Fund’’ 
both places it appears and inserting ‘‘Conserva-
tion Fund’’; 
(2) 
in 
section 
806(c)(2) 
(22 
U.S.C. 
2431d(c)(2)), by striking ‘‘Tropical Forest Fund’’ 
and inserting ‘‘Conservation Fund’’; and 
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(3) 
in 
section 
807(c)(2) 
(22 
U.S.C. 
2431e(c)(2)), by striking ‘‘Tropical Forest Fund’’ 
and inserting ‘‘Conservation Fund’’. 
SEC. 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), as renamed 
by section 2(a), is amended— 
(1) in subsection (a)— 
(A) by striking ‘‘(a) IN GENERAL.—Not 
later than December 31’’ and inserting ‘‘Not 
later than April 15’’; and 
(B) by striking ‘‘fiscal year’’ both places it 
appears and inserting ‘‘calendar year’’; and 
(2) by striking subsection (b). 
SEC. 11. NEW AUTHORIZATION OF APPROPRIATIONS FOR 
THE REDUCTION OF DEBT AND AUTHORIZA-
TION 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), as renamed 
by section 2(a), is amended— 
(1) in subsection (d), by adding at the end the 
following new paragraphs: 
‘‘(7) $20,000,000 for fiscal year 2019. 
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