H. R. 3288—322 
the International Finance Corporation, the Inter-American Develop-
ment Bank, the International Monetary Fund, the Asian Develop-
ment Bank, the Inter-American Investment Corporation, the North 
American Development Bank, the European Bank for Reconstruc-
tion and Development, the African Development Bank, and the 
African Development Fund to use the voice and vote of the United 
States to oppose any assistance by these institutions, using funds 
appropriated or made available pursuant to titles III through VI 
of this Act, for the production or extraction of any commodity 
or mineral for export, if it is in surplus on world markets and 
if the assistance will cause substantial injury to United States 
producers of the same, similar, or competing commodity. 
SEPARATE ACCOUNTS 
SEC. 7027. (a) SEPARATE ACCOUNTS FOR LOCAL CURRENCIES.— 
(1) If assistance is furnished to the government of a foreign 
country under chapters 1 and 10 of part I or chapter 4 of 
part II of the Foreign Assistance Act of 1961 under agreements 
which result in the generation of local currencies of that 
country, the Administrator of the United States Agency for 
International Development (USAID) shall— 
(A) require that local currencies be deposited in a 
separate account established by that government; 
(B) enter into an agreement with that government 
which sets forth— 
(i) the amount of the local currencies to be gen-
erated; and 
(ii) the terms and conditions under which the cur-
rencies so deposited may be utilized, consistent with 
this section; and 
(C) establish by agreement with that government the 
responsibilities of USAID and that government to monitor 
and account for deposits into and disbursements from the 
separate account. 
(2) USES OF LOCAL CURRENCIES.—As may be agreed upon 
with the foreign government, local currencies deposited in a 
separate account pursuant to subsection (a), or an equivalent 
amount of local currencies, shall be used only— 
(A) to carry out chapter 1 or 10 of part I or chapter 
4 of part II of the Foreign Assistance Act of 1961 (as 
the case may be), for such purposes as— 
(i) project and sector assistance activities; or 
(ii) debt and deficit financing; or 
(B) for the administrative requirements of the United 
States Government. 
(3) PROGRAMMING ACCOUNTABILITY.—USAID shall take all 
necessary steps to ensure that the equivalent of the local cur-
rencies disbursed pursuant to subsection (a)(2)(A) from the 
separate account established pursuant to subsection (a)(1) are 
used for the purposes agreed upon pursuant to subsection (a)(2). 
(4) TERMINATION OF ASSISTANCE PROGRAMS.—Upon termi-
nation of assistance to a country under chapter 1 or 10 of 
part I or chapter 4 of part II of the Foreign Assistance Act 
of 1961 (as the case may be), any unencumbered balances 
of funds which remain in a separate account established pursu-
ant to subsection (a) shall be disposed of for such purposes
H. R. 3288—323 
as may be agreed to by the government of that country and 
the United States Government. 
(5) REPORTING REQUIREMENT.—The USAID Administrator 
shall report on an annual basis as part of the justification 
documents submitted to the Committees on Appropriations on 
the use of local currencies for the administrative requirements 
of the United States Government as authorized in subsection 
(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 government of 
a foreign country, under chapter 1 or 10 of part I or chapter 
4 of part II of the Foreign Assistance Act of 1961, as cash 
transfer assistance or as nonproject sector assistance, that 
country shall be required to maintain such funds in a separate 
account and not commingle them with any other funds. 
(2) APPLICABILITY
OF
OTHER
PROVISIONS
OF
LAW.—Such 
funds may be obligated and expended notwithstanding provi-
sions of law which are inconsistent with the nature of this 
assistance including provisions which are referenced in the 
Joint Explanatory Statement of the Committee of Conference 
accompanying House Joint Resolution 648 (House Report No. 
98–1159). 
(3) NOTIFICATION.—At least 15 days prior to obligating 
any such cash transfer or nonproject sector assistance, the 
President shall submit a notification through the regular 
notification procedures of the Committees on Appropriations, 
which shall include a detailed description of how the funds 
proposed to be made available will be used, with a discussion 
of the United States interests that will be served by the assist-
ance (including, as appropriate, a description of the economic 
policy reforms that will be promoted by such assistance). 
(4) EXEMPTION.—Nonproject sector assistance funds may 
be exempt from the requirements of subsection (b)(1) only 
through the regular notification procedures of the Committees 
on Appropriations. 
ELIGIBILITY FOR ASSISTANCE 
SEC. 7028. (a) ASSISTANCE
THROUGH
NONGOVERNMENTAL 
ORGANIZATIONS.—Restrictions contained in this or any other Act 
with respect to assistance for a country shall not be construed 
to restrict assistance in support of programs of nongovernmental 
organizations from funds appropriated by this Act to carry out 
the provisions of chapters 1, 10, 11, and 12 of part I and chapter 
4 of part II of the Foreign Assistance Act of 1961, and from funds 
appropriated under the heading ‘‘Assistance for Europe, Eurasia 
and Central Asia’’: Provided, That before using the authority of 
this subsection to furnish assistance in support of programs of 
nongovernmental organizations, the President shall notify the 
Committees on Appropriations under the regular notification proce-
dures of those committees, including a description of the program 
to be assisted, the assistance to be provided, and the reasons 
for furnishing such assistance: Provided further, That nothing in 
this subsection shall be construed to alter any existing statutory
H. R. 3288—324 
prohibitions against abortion or involuntary sterilizations contained 
in this or any other Act. 
(b) PUBLIC LAW 480.—During fiscal year 2010, restrictions con-
tained in this or any other Act with respect to assistance for 
a country shall not be construed to restrict assistance under the 
Agricultural Trade Development and Assistance Act of 1954: Pro-
vided, That none of the funds appropriated to carry out title I 
of such Act and made available pursuant to this subsection may 
be obligated or expended except as provided through the regular 
notification procedures of the Committees on Appropriations. 
(c) EXCEPTION.—This section shall not apply— 
(1) with respect to section 620A of the Foreign Assistance 
Act of 1961 or any comparable provision of law prohibiting 
assistance to countries that support international terrorism; 
or 
(2) with respect to section 116 of the Foreign Assistance 
Act of 1961 or any comparable provision of law prohibiting 
assistance to the government of a country that violates inter-
nationally recognized human rights. 
IMPACT ON JOBS IN THE UNITED STATES 
SEC. 7029. None of the funds appropriated under titles III 
through VI of this Act may be obligated or expended to provide— 
(1) any financial incentive to a business enterprise cur-
rently located in the United States for the purpose of inducing 
such an enterprise to relocate outside the United States if 
such incentive or inducement is likely to reduce the number 
of employees 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 activity that 
contributes to the violation of internationally 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 enter-
prise, and smallholder agriculture. 
INTERNATIONAL FINANCIAL INSTITUTIONS 
SEC. 7030. (a) None of the funds appropriated in title V of 
this Act may be made as payment to any international financial 
institution while the United States Executive Director to such 
institution is compensated by the institution at a rate which, 
together with whatever compensation such Director receives from 
the United States, is in excess of the rate provided for an individual 
occupying a position at level IV of the Executive Schedule under 
section 5315 of title 5, United States Code, or while any alternate 
United States Director to such institution is compensated by the 
institution at a rate in excess of the rate provided for an individual 
occupying a position at level V of the Executive Schedule under 
section 5316 of title 5, United States Code. 
(b) The Secretary of the Treasury shall instruct the United 
States Executive Director at each international financial institution
H. R. 3288—325 
to oppose any loan, grant, strategy or policy of such institution 
that would require user fees or service charges on poor people 
for primary education or primary healthcare, including prevention, 
care and treatment for HIV/AIDS, malaria, tuberculosis, and infant, 
child, and maternal health, in connection with the institutions’ 
financing programs. 
(c) The Secretary of the Treasury shall instruct the United 
States Executive Director of the International Monetary Fund (the 
Fund) to use the voice and vote of the United States to oppose 
any loan, project, agreement, memorandum, instrument, plan, or 
other program of the Fund to a Heavily Indebted Poor Country 
that imposes budget caps or restraints that do not allow the mainte-
nance of or an increase in governmental spending on health care 
or education; and to promote government spending on health care, 
education, food aid, or other critical safety net programs in all 
of the Fund’s activities with respect to Heavily Indebted Poor Coun-
tries. 
(d) For purposes of this section ‘‘international financial institu-
tions’’ are the International Bank for Reconstruction and Develop-
ment, the Inter-American Development Bank, the Asian Develop-
ment Bank, the Asian Development Fund, the African Development 
Bank, the African Development Fund, the International Monetary 
Fund, the North American Development Bank, and the European 
Bank for Reconstruction and Development. 
DEBT-FOR-DEVELOPMENT 
SEC. 7031. In order to enhance the continued participation 
of nongovernmental organizations in debt-for-development and debt- 
for-nature exchanges, a nongovernmental organization which is a 
grantee or contractor of the United States Agency for International 
Development may place in interest bearing accounts local currencies 
which accrue to that organization as a result of economic assistance 
provided under title III of this Act and, subject to the regular 
notification procedures of the Committees on Appropriations, any 
interest earned on such investment shall be used for the purpose 
for which the assistance was provided to that organization. 
AUTHORITY TO ENGAGE IN DEBT BUYBACKS OR SALES 
SEC. 7032. (a) LOANS ELIGIBLE FOR SALE, REDUCTION, OR CAN-
CELLATION.— 
(1) AUTHORITY
TO
SELL, REDUCE, OR
CANCEL
CERTAIN 
LOANS.—Notwithstanding any other provision of law, the Presi-
dent may, in accordance with this section, sell to any eligible 
purchaser any concessional loan or portion thereof made before 
January 1, 1995, pursuant to the Foreign Assistance Act of 
1961, to the government of any eligible country as defined 
in section 702(6) of that Act or on receipt of payment from 
an eligible purchaser, reduce or cancel such loan or portion 
thereof, only for the purpose of facilitating— 
(A) debt-for-equity swaps, debt-for-development swaps, 
or debt-for-nature swaps; or 
(B) a debt buyback by an eligible country of its own 
qualified debt, only if the eligible country uses an additional 
amount of the local currency of the eligible country, equal 
to not less than 40 percent of the price paid for such 
debt by such eligible country, or the difference between