(d) Such certifications shall continue to be made on
an annual basis as long as Fund contributions continue
to be outstanding to the borrower country.
(e) After consultation with the Secretary of the
Treasury and the United States Trade Representative, the
Secretary of Commerce shall establish a team composed
of employees of the Department of Commerce—
(1) to collect data on import volumes and
prices, and industry statistics in—
(A) the steel industry;
(B) the semiconductor industry;
(C) the automobile industry;
(D) the textile and apparel industry; and
(E) shipbuilding;
(2) to monitor the effect of the Asian economic
crisis on these industries;
(3) to collect accounting data from Asian pro-
ducers; and
(4) to work to prevent import surges in these
industries or to assist United States industries af-
fected by such surges in their efforts to protect
themselves under the trade laws of the United
States.
(f) The Secretary of Commerce shall provide adminis-
trative support, including office space, for the team.
(g) The Secretary of the Treasury and the United
States Trade Representative may assign such employees
to the team as may be necessary to assist the team in
carrying out its functions under subsection (e).
SEC. 107. LIMITATIONS ON INTERNATIONAL MONE-
TARY FUND LOANS TO INDONESIA. The Secretary of the
Treasury shall instruct the United States Executive Direc-
tor of the International Monetary Fund to use the voice
and vote of the United States to prevent the extension of
International Monetary Fund resources—
(1) directly to or for the direct benefit of the
President of Indonesia or any member of the Presi-
dent’s family; and
(2) the Secretary of the Treasury shall instruct
the Executive Director to use the United States
voice and vote to oppose further disbursement of
funds to Indonesia on any International Monetary
Fund terms or conditions less stringent than those
imposed on the Republic of Korea and the Phil-
ippines Republic.
SEC. 108. ADVOCACY OF POLICIES TO ENHANCE THE
GENERAL
EFFECTIVENESS
OF
THE
INTERNATIONAL
MONETARY FUND. The Secretary of the Treasury shall
instruct the United States Executive Director of the Inter-
national Monetary Fund to use aggressively the voice and
vote of the United States to vigorously promote policies
to encourage the opening of markets for agricultural com-
modities and products by requiring recipient countries to
make efforts to reduce trade barriers.
SEC. 109. ADVISORY COMMITTEE ON IMF POLICY.
(a) IN GENERAL.—The Secretary of the Treasury shall es-
tablish an International Monetary Fund Advisory Com-
mittee (in this section referred to as ‘‘Advisory Commit-
tee’’).
(b) MEMBERSHIP.—The Advisory Committee shall
consist of 8 members appointed by the Secretary of the
Treasury, after appropriate consultations with the rel-
evant organizations, as follows—
(1) at least 2 members shall be representatives
from organized labor;
(2) at least 2 members shall be representatives
from nongovernmental environmental organizations;
(3) at least 2 members shall be representatives
from nongovernmental human rights or social justice
organizations.
(c) DUTIES.—Not less frequently than every six
months, the Advisory Committee shall meet with the Sec-
retary of the Treasury to review and provide advice on
the extent to which individual International Monetary
Fund country programs meet requisite policy goals, par-
ticularly those set forth as follows—
(1) in this Act;
(2) in Article I(2) of the Fund’s Articles of
Agreements, to promote and maintain high levels of
employment and real income and the development of
the productive resources of all members;
(3) in section 1621 of Public Law 103–306, the
Frank/Sanders amendment on encouragement of fair
labor practices;
(4) in section 1620 of Public Law 95–118, as
amended, on respect for, and full protection of, the
territorial rights, traditional economies, cultural in-
tegrity, traditional knowledge, and human rights of
indigenous peoples;
(5) in section 1502 of Public Law 95–118, as
amended, on military spending by recipient countries
and military involvement in the economies of recipi-
ent countries;
(6) in section 701 of Public Law 95–118, on
assistance to countries that engage in a pattern of
gross violations of internationally recognized human
rights; and
(7) in section 1307 of Public Law 95–118, on
assessments of the environmental impact and alter-
natives to proposed actions by the International
Monetary Fund which would have a significant ef-
fect on the human environment.
(d) INAPPLICABILITY OF TERMINATION PROVISIONS
OF THE FEDERAL ADVISORY COMMITTEE ACT.—Section
14(a)(2) of the Federal Advisory Committee Act shall not
apply to the Advisory Committee.
SEC. 110. BORROWER COUNTRIES. The Secretary of
the Treasury shall consult with the office of the United
States Trade Representative regarding prospective Inter-
national Monetary Fund borrower countries, including
their status with respect to title III of the Trade Act of
1974 or any executive order issued pursuant to the afore-
mentioned title, and shall take these consultations into ac-
count before instructing the United States Executive Di-
rector of the International Monetary Fund on the United
States position regarding loans or credits to such borrow-
ing countries.
SEC. 111. DEFINITIONS. For the purposes of this
title, ‘‘appropriate committees’’ includes the Appropria-
tions Committee, the Committee on Foreign Relations,
Committee on Finance and the Committee on Banking,
Housing and Urban Affairs of the Senate and the Com-
mittee on Appropriations and the Committee on Banking
and Financial Services in the House of Representatives.
This Act may be cited as the ‘‘1998 International
Monetary Fund Appropriations Act’’.
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