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(5) A list of planned or pending Mexican Gov-
ernment regulations affecting the Mexican private sec-
tor.
(6) A summary of consultations held between the
Government of Mexico and the Department of the
Treasury, the International Monetary Fund, or the
Bank of International Settlements.
(7) A full description of the activities of the
Mexican Central Bank, including the reserve positions
of the Mexican Central Bank and data relating to the
functioning of Mexican monetary policy.
(8) The amount of any funds disbursed from the
Exchange Stabilization Fund pursuant to the ap-
proval of the President issued on January 31, 1995.
(9) A full disclosure of all financial transactions,
both inside and outside of Mexico, made during the
preceding month involving funds disbursed from the
Exchange Stabilization Fund and the International
Monetary Fund, including transactions between—
(A) individuals;
(B) partnerships;
(C) joint ventures; and
(D) corporations.
(10) An accounting of all outstanding United
States Government loans, credits, and guarantees pro-
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vided to the Government of Mexico, set forth by cat-
egory of financing.
(11) A detailed list of all Federal Reserve cur-
rency swaps designed to support indebtedness of the
Government of Mexico, and the cost or benefit to the
United States Treasury from each such transaction.
(12) A description of any payments made during
the preceding month by creditors of Mexican petro-
leum companies into the petroleum finance facility es-
tablished to ensure repayment of United States loans
or guarantees.
(13) A description of any disbursement during
the preceding month by the United States Government
from the petroleum finance facility.
(14) Once payments have been diverted from
PEMEX to the United States Treasury through the
petroleum finance facility, a description of the status
of petroleum deliveries to those customers whose pay-
ments were diverted.
(15) A description of the current risk factors
used in calculations concerning Mexican repayment
of indebtedness.
(16) A statement of the progress the Government
of Mexico has made in reforming its currency and es-
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tablishing an independent central bank or currency
board.
SEC. 404. PRESIDENTIAL CERTIFICATION.
Notwithstanding any other provision of law, before ex-
tending any loan, credit, guarantee, or arrangement for a
swap of currencies to Mexico through any United States
Government monetary facility, the President shall certify
to the appropriate congressional committees that—
(1) there is no projected cost to the United States
from the proposed loan, credit, guarantee, or currency
swap;
(2) all loans, credits, guarantees, and currency
swaps are adequately collateralized to ensure that
United States funds will be repaid;
(3) the Government of Mexico has undertaken ef-
fective efforts to establish an independent central bank
or an independent currency control mechanism; and
(4) Mexico has in effect a significant economic
reform effort.
SEC. 405. DEFINITION.
As used in this title, the term ‘‘appropriate congres-
sional committees’’ means the Committees on Banking and
Financial Services and International Relations of the
House of Representatives and the Committees on Foreign
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Relations and Banking, Housing, and Urban Affairs of the
Senate.
Ω25æThis Act may be cited as the ‘‘Emergency Sup-
plemental Appropriations and Rescissions for the Depart-
ment of Defense to Preserve and Enhance Military Readi-
ness Act of 1995’’.
This Act may be cited as the ‘‘Supplemental Appro-
priations and Rescissions Act, 1995’’.
Amend the title so as to read: ‘‘An Act making sup-
plemental appropriations and rescissions for the fiscal
year ending September 30, 1995, and for other pur-
poses.’’.
Passed the House of Representatives February 22,
1995.
Attest:
ROBIN H. CARLE,
Clerk.
Passed the Senate March 16, 1995.
Attest:
SHEILA P. BURKE,
Secretary.
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