I
103D CONGRESS
1ST SESSION
H. R. 41
To authorize the President to seek the recoupment of defense expenditures
abroad and to authorize the use of expenditures recouped for domestic
investment projects.
IN THE HOUSE OF REPRESENTATIVES
JANUARY 5, 1993
Mr. GEJDENSON introduced the following bill; which was referred jointly to
the Committees on Armed Services, Banking, Finance and Urban Affairs,
Education and Labor, Foreign Affairs, Energy and Commerce, Natural
Resources, Public Works and Transportation, and Science, Space, and
Technology
A BILL
To authorize the President to seek the recoupment of defense
expenditures abroad and to authorize the use of expendi-
tures recouped for domestic investment projects.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Invest in America
Act’’.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) The fall of the Berlin Wall and the subse-
quent demise of the Soviet Union have radically re-
duced the threat of invasion of western Europe and
severely undermined the rationale for a massive
United States military presence in Europe.
(2) United States taxpayers financed the sub-
stantial costs of the Cold War and deserve to reap
the economic benefits of its peaceful conclusion.
(3) United States expenditures in support of
the defense of Europe can safely be reduced and in-
vested instead in the United States industrial base
to ensure future economic competitiveness, growth,
and prosperity.
SEC. 
3. 
RECOUPMENT 
OF 
DEFENSE 
EXPENDITURES
ABROAD.
(a) AGREEMENTS TO RECOUP DEFENSE COSTS.—
The President should endeavor to enter into an agreement
with each European member nation of the North Atlantic
Treaty Organization in which members of the Armed
Forces of the United States are stationed to provide for
the payment by such nation of at least one-half of the cost
of maintaining the Armed Forces of the United States in
such nation, including the cost of compensating members
of the Armed Forces stationed in such nation. An agree-
ment under this subsection may provide for the payment
by such nation to be made in the form of money or real
or personal property.
(b) AUTHORITY TO ACCEPT PAYMENTS.—The Sec-
retary of Defense may accept any payment of money or
real or personal property made pursuant to any agreement
described in subsection (a).
(c) DEPOSIT
IN
DEFENSE
COOPERATION
AC-
COUNT.—Money accepted by the Secretary of Defense
under subsection (b), and proceeds from the sale of any
property so accepted by the Secretary of Defense, shall
be credited to the Defense Cooperation Account estab-
lished by section 2608 of title 10, United States Code, and
may be used in accordance with that section.
SEC. 4. ESTABLISHMENT OF INVEST IN AMERICA FUND.
There is established in the Treasury of the United
States a fund to be known as the ‘‘Invest in America
Fund’’.
SEC. 5. TRANSFER OF FUNDS FROM DEPARTMENT OF DE-
FENSE TO THE INVEST IN AMERICA FUND.
(a) TRANSFER OF RECOUPED DEFENSE COSTS.—
The Secretary of the Treasury, in consultation with the
Comptroller of the Department of Defense, shall provide
for the quarterly transfer of funds from the Department
of Defense to the Invest in America Fund in an amount
equal to the amount of deposits credited to the Defense
Cooperation Account during that quarter pursuant to
agreements described in section 3(a).
(b) TRANSFER
OF OVERSEAS BASES OPERATING
FUNDS.—The Secretary of the Treasury, in consultation
with the Comptroller of the Department of Defense, shall
provide for the transfer to the Invest in America Fund
of appropriated funds for operation and maintenance of
United States military installations in Europe which are
unneeded for expenditure on account of an agreement de-
scribed in section 3(a).
SEC. 6. AUTHORIZATION FOR EXPENDITURE OF AMOUNTS
IN INVEST IN AMERICA FUND.
Funds in the Invest in America Fund at the end of
a quarter are authorized to be appropriated according to
the following formula:
(1) 50 percent for general purpose fiscal assist-
ance.
(2) 7 percent for solar and renewable energy re-
search and development.
(3) 2 percent energy conservation programs.
(4) 4 percent for pollution control and abate-
ment.
(5) 2 percent for historic preservation.
(6) 5 percent for Maglev and high speed rail de-
velopment.
(7) 14 percent for urban mass transit.
(8) 4 percent for community development block
grants.
(9) 4 percent for job training programs.
(10) 4 percent for export enhancement pro-
grams.
(11) 4 percent for economic development
grants.
SEC. 7. EXPEDITED CONSIDERATION FOR HIGH UNEM-
PLOYMENT AREAS.
Administrative agencies shall formulate regulations
to expedite consideration of grant applications for pro-
grams receiving increased appropriations pursuant to this
Act in the case of any State, county, or local govern-
ment—
(1) experiencing a level of unemployment great-
er than the national average; or
(2) which has been determined to be substan-
tially and seriously affected, as defined by section
4003(5) of the Defense Economic Adjustment, Di-
versification, Conversion, and Stabilization Act of
1990, due to—
(A) realignment or closure of a military in-
stallation or defense facility; or
(B) cancellation or curtailment of a major
defense contract.
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