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United States Government as authorized in sub-
section (a)(2)(B), and such report shall include the 
amount of local currency (and United States dollar 
equivalent) used and/or to be used for such purpose 
in each applicable country. 
(b) SEPARATE ACCOUNTS FOR CASH TRANSFERS.— 
(1) If assistance is made available to the gov-
ernment of a foreign country, under chapter 1 or 10 
of part I or chapter 4 of part II of the Foreign As-
sistance Act of 1961, as cash transfer assistance or 
as non-project sector assistance, that country shall 
be required to maintain such funds in a separate ac-
count 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 incon-
sistent with the nature of this assistance including 
provisions which are referenced in the Joint Explan-
atory Statement of the Committee of Conference ac-
companying House Joint Resolution 648 (House Re-
port No. 98–1159). 
(3) NOTIFICATION.—At least 15 days prior to 
obligating any such cash transfer or non-project sec-
tor assistance, the President shall submit a notifica-
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tion through the regular notification procedures of 
the Committees on Appropriations, which shall in-
clude a detailed description of how the funds pro-
posed to be made available will be used, with a dis-
cussion of the United States interests that will be 
served by the assistance (including, as appropriate, 
a description of the economic policy reforms that will 
be promoted by such assistance). 
(4) EXEMPTION.—Non-project sector assistance 
funds may be exempt from the requirements of sub-
section (b)(1) only through the notification proce-
dures of the Committees on Appropriations. 
ENTERPRISE FUND RESTRICTIONS 
SEC. 629. (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 under titles II through V 
of this Act for Enterprise Funds shall be expended at the 
minimum rate necessary to make timely payment for 
projects and activities. 
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FINANCIAL MARKET ASSISTANCE 
SEC. 630. Of the funds appropriated by this Act 
under the headings ‘‘TRADE AND DEVELOPMENT 
AGENCY’’, 
‘‘DEVELOPMENT 
ASSISTANCE’’, 
‘‘TRANSITION INITIATIVES’’, ‘‘ECONOMIC SUP-
PORT FUND’’, ‘‘INTERNATIONAL AFFAIRS TECH-
NICAL ASSISTANCE’’, ‘‘ASSISTANCE FOR THE 
INDEPENDENT STATES OF THE FORMER SO-
VIET UNION’’, ‘‘NONPROLIFERATION, ANTI-TER-
RORISM, DEMINING AND RELATED PROGRAMS’’, 
and ‘‘ASSISTANCE FOR EASTERN EUROPE AND 
BALTIC STATES’’, not less than $40,000,000 should be 
made available for building capital markets and financial 
systems in countries eligible to receive United States as-
sistance. 
AUTHORITIES FOR THE PEACE CORPS, INTER-AMERICAN 
FOUNDATION AND AFRICAN DEVELOPMENT FOUNDATION 
SEC. 631. Unless expressly provided to the contrary, 
provisions of this or any other Act, including provisions 
contained in prior Acts authorizing or making appropria-
tions for foreign operations, export financing, and related 
programs, shall not be construed to prohibit activities au-
thorized by or conducted under the Peace Corps Act, the 
Inter-American Foundation Act or the African Develop-
ment Foundation Act. The agency shall promptly report 
to the Committees on Appropriations whenever it is con-
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ducting activities or is proposing to conduct activities in 
a country for which assistance is prohibited. 
IMPACT ON JOBS IN THE UNITED STATES 
SEC. 632. None of the funds appropriated under ti-
tles II through V of this Act may be obligated or expended 
to provide— 
(1) any financial incentive to a business enter-
prise currently located in the United States for the 
purpose of inducing such an enterprise to relocate 
outside the United States if such incentive or in-
ducement is likely to reduce the number of employ-
ees of such business enterprise in the United States 
because United States production is being replaced 
by such enterprise outside the United States; or 
(2) assistance for any program, project, or ac-
tivity that contributes to the violation of internation-
ally recognized workers rights, as defined in section 
507(4) of the Trade Act of 1974, of workers in the 
recipient country, including any designated zone or 
area in that country: Provided, That the application 
of section 507(4) (D) and (E) of such Act should be 
commensurate with the level of development of the 
recipient country and sector, and shall not preclude 
assistance for the informal sector in such country, 
micro and small-scale enterprise, and smallholder 
agriculture. 
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