H. Res. 80
In the House of Representatives, U. S.,
March 1, 1995.
Resolved, That the President is hereby requested to pro-
vide to the House of Representatives (consistent with the
rules of such House), not later than 14 days after the adop-
tion of this resolution, the following documents in the posses-
sion of the executive branch, if not inconsistent with the pub-
lic interest:
(1) Any document concerning—
(A) the condition of the Mexican economy; and
(B) any consultations between the Government
of Mexico and the Secretary of the Treasury (or
any designee of the Secretary), the International
Monetary Fund, or the Bank for International Set-
tlements.
(2) Any document containing—
(A) a description of the activities of the central
bank of Mexico, including the reserve positions of
such central bank and data relating to the function-
ing of Mexican monetary policy;
HRES 80 EH
(B) information regarding the implementation
and the extent of wage, price, and credit controls in
the Mexican economy;
(C) a complete documentation of Mexican tax
policy 
and 
any 
proposed 
changes 
to 
such
policy;
(D) a description of all financial transactions,
both inside and outside of Mexico, directly involving
funds disbursed from the exchange stabilization
fund and the International Monetary Fund, includ-
ing transactions with—
(i) individuals;
(ii) partnerships;
(iii) joint ventures; and
(iv) corporations;
(E) a list of planned or pending regulations of
the Government of Mexico affecting the private sec-
tor of the Mexican economy; and
(F) any efforts to privatize public sector enti-
ties in Mexico.
(3) Any document concerning any legal analysis
with regard to the authority of the President or the Sec-
retary of the Treasury under section 5302 of title 31,
United States Code, the Bretton Woods Agreements Act,
the Special Drawing Rights Act, the Gold Reserve Act
HRES 80 EH
of 1934, or any other law or legal authority to use the
stabilization fund to implement the President’s proposed
Mexican support package.
(4) Any document concerning any legal opinion re-
garding the applicability or nonapplicability of the provi-
sions of the Federal Credit Reform Act of 1990 to the
exchange stabilization fund.
(5) Any document concerning any agreement be-
tween the United States and the Government of Mexico
(or any other appropriate Mexican entity) to provide as-
sured sources of repayment for all payments by the
United States in connection with any short-, intermedi-
ate-, or long-term credit facility made available to Mex-
ico after December 31, 1994.
(6) Any document concerning the implementation
by the President and the Secretary of the Treasury (or
any designee of the Secretary) of the authority under
section 5302 of title 31, United States Code, with re-
spect to any credit facility described in paragraph (5).
(7) Any document concerning efforts by the inter-
national community to stabilize the economy of Mexico
and the current status of negotiations with other coun-
tries to improve the capacity of international institutions
to handle similar crises.
HRES 80 EH
(8) Any document concerning the extent to which
Mexico is complying with the terms and conditions
agreed to in connection with the exercise of the authority
under section 5302 of title 31, United States Code, with
respect to any credit facility described in paragraph (5),
including any document concerning the extent to
which—
(A) the Government of Mexico has agreed to
use the proceeds of any loan which has been made,
or any security for which any guarantee has been
issued, through any such facility to help strengthen
the Mexican peso and help stabilize financial and
exchange markets by facilitating the refinancing or
redemption of short-term debt instruments issued
by the Government of Mexico;
(B) the Government of Mexico has agreed to
provide—
(i) a comprehensive financial plan which
includes a description of the intended use of
any such loan or security; and
(ii) ongoing reports on the implementation
of the financial plan while any such loan or se-
curity is outstanding;
(C) the Government of Mexico is respecting the
autonomy of the central bank of Mexico and the
HRES 80 EH
mandate of such bank to seek stability with respect
to the purchasing power of the Mexican peso;
(D) the central bank of Mexico is pursuing a
noninflationary monetary and credit policy that con-
trols credit expansion and the growth of the Mexi-
can money supply in order to maintain the Mexican
peso as a strong currency;
(E) the central bank of Mexico is providing on
a periodic basis to the Board of Governors of the
Federal Reserve System and other appropriate gov-
ernmental entities information necessary to make
an assessment with respect to the policy described
in subparagraph (D), including central bank money
supply and monetary policy data;
(F) the Government of Mexico is implementing
the privatization policy established by such Govern-
ment to transfer enterprises currently owned or
controlled by the Government to private ownership;
(G) the Government of Mexico continues to
permit entry of foreign direct investment into Mex-
ico and the repatriation of investments from Mexico
by United States nationals; and
(H) the Government of Mexico is pursuing
market-oriented measures to stem the flow of do-
mestically owned capital from Mexico.