I
103D CONGRESS
1ST SESSION
H. R. 1507
To amend the Agricultural Trade Act of 1978 to provide for the reduction
of the agriculture program debt of, and for donations of grain to, the
independent states of the former Soviet Union in exchange for certain
actions on their part, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 1993
Mr. GLICKMAN introduced the following bill; which was referred jointly to the
Committees on Agriculture and Foreign Affairs
A BILL
To amend the Agricultural Trade Act of 1978 to provide
for the reduction of the agricultural program debt of,
and for donations of grain to, the independent states
of the former Soviet Union in exchange for certain ac-
tions on their part, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
That the Agricultural Trade Act of 1978 (7 U.S.C. 5601,
et seq.) is amended by adding at the end of subtitle A
of title II the following new section:
‘‘SEC. 206 DEBT FOR DEMOCRACY PROGRAM.
‘‘(a) SHORT TITLE.—This section may be cited as the
‘Debt for Democracy Act of 1993’.
‘‘(b) PRESIDENTIAL AUTHORITY.—
‘‘(1) IN GENERAL.—The President may—
‘‘(A) notwithstanding the provisions of sec-
tion 202(f), the first sentence of section 202(e),
or the arrearage of any of the independent
states of the former Soviet Union in the repay-
ment of qualifying Department of Agriculture
debt—
‘‘(i) issue credit guarantees, or ap-
prove previously registered sales, under
section 202 to;
‘‘(ii) reduce the amount of qualifying
Department of Agriculture debt owed to
the United States Government by; and
‘‘(B) make donations of agricultural com-
modities determined to be available under sec-
tion 401 of the Agricultural Trade Development
and Assistance Act of 1954 (7 U.S.C. 1731) to,
any of the independent states of the former Soviet
Union that enter into an agreement under sub-
section (c).
‘‘(2) QUALIFYING
DEPARTMENT
OF
AGRI-
CULTURE DEBT.—For the purposes of this section,
a debt is a qualifying Department of Agriculture
debt if it results from activities under any authority
of the Secretary, the Commodity Credit Corporation,
or any other agency or entity within the Department
of Agriculture.
‘‘(c) AGREEMENTS.—The agreement required under
subsection (b)(1) is—
‘‘(1) an agreement, approved by the President
as promoting the establishment or maintenance of
democracy or encouraging economic reform and
progress toward a market-oriented economy, with a
non-governmental business entity, including an agri-
cultural business entity, in the United States under
which such entity—
‘‘(A) receives an equity interest in a state-
owned enterprise within the independent state
of the former Soviet Union equal to the amount
of debt reduction; and
‘‘(B) undertakes the obligation to repay
the amount of debt that has been reduced;
‘‘(2) an agreement with the Government of the
United States to—
‘‘(A) dismantle military-related objects (in-
cluding nuclear weapons) or facilities (including
military-related production facilities) within the
independent state; or
‘‘(B) convert military-related production
facilities within the independent state to non-
military purposes; or
‘‘(3) an agreement with such parties and in-
cluding such terms and conditions determined by the
President to be in the national interest and to be
consistent with the purposes of the export credit
guarantee program as described in section 202(d).
‘‘(d) IMPLEMENTATION.—In order to implement an
agreement under this section and to protect the interests
of the United States, the President may—
‘‘(1) send technical teams to the independent
state that is a party to the agreement to assist in
and monitor the implementation of that agreement;
and
‘‘(2) renegotiate or cancel the agreement if such
agreement is not implemented according to its
terms.’’.
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