I
105TH CONGRESS
2D SESSION
H. R. 3242
To ban the provision of Federal funds to the International Monetary Fund
unless a joint resolution is enacted that approves a certification by
the Attorney General and the Secretary of State that all countries eligible
to receive IMF funds are cooperating fully with the congressional and
Justice Department investigations into the financing of the 1996 presi-
dential election campaign and have disclosed the identity of all commer-
cial entities in the country that would benefit from the provision of
the funds.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 12, 1998
Mr. SOUDER (for himself, Mr. BURTON of Indiana, and Mr. SOLOMON) intro-
duced the following bill; which was referred to the Committee on Banking
and Financial Services
A BILL
To ban the provision of Federal funds to the International
Monetary Fund unless a joint resolution is enacted that
approves a certification by the Attorney General and
the Secretary of State that all countries eligible to receive
IMF funds are cooperating fully with the congressional
and Justice Department investigations into the financing
of the 1996 presidential election campaign and have dis-
closed the identity of all commercial entities in the coun-
try that would benefit from the provision of the funds.
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 ‘‘IMF Full Cooperation
and Accountability for Taxpayers Act’’.
SEC. 2. FINDINGS.
The Congress finds that—
(1) a number of material witnesses in the con-
gressional investigations into the financing of the
1996 presidential election campaign have refused to
testify before the committees conducting such inves-
tigations, and have fled the United States and reside
in countries benefiting from International Monetary
Fund (IMF) assistance, which is supported by the
United States;
(2) United States taxpayers feel that coopera-
tion with such investigations should be a prerequisite
to the provision of IMF assistance to any country;
and
(3) the Department of Justice has a continuing
responsibility to bring to justice those who may have
committed crimes in connection with the financing of
that campaign, and the international scope of inves-
tigations into the financing of that campaign impede
the ability of the Congress to provide a complete re-
port to the people of the United States about the fi-
nancing of that campaign.
SEC. 3. BAN ON PROVISION OF FEDERAL FUNDS TO THE
INTERNATIONAL MONETARY FUND UNLESS A
JOINT RESOLUTION IS ENACTED THAT AP-
PROVES A CERTIFICATION THAT ALL COUN-
TRIES ELIGIBLE TO RECEIVE IMF FUNDS ARE
COOPERATING FULLY WITH CONGRESSIONAL
AND JUSTICE DEPARTMENT INVESTIGATIONS
INTO THE FINANCING OF THE 1996 PRESI-
DENTIAL ELECTION CAMPAIGN AND HAVE
DISCLOSED THE IDENTITY OF ALL COMMER-
CIAL 
ENTITIES 
IN 
THE 
COUNTRY 
THAT
WOULD BENEFIT FROM THE PROVISION OF
THE FUNDS.
An officer, employee, or agent of the United States
may not, directly or indirectly, provide Federal funds to,
or for the benefit of the International Monetary Fund un-
less the certification described in section 4 has been made
and the Congress has enacted a joint resolution approving
the certification.
SEC. 4. CERTIFICATION.
(a) IN GENERAL.—The certification described in this
section is a certification by the Attorney General and the
Secretary of State to the Speaker of the House of Rep-
resentatives and the President pro tempore of the Senate
that each country eligible to receive funds from the Inter-
national Monetary Fund—
(1) is cooperating fully with any congressional
or Justice Department investigation into the financ-
ing of the 1996 presidential election campaign, in-
cluding by—
(A) complying with any request by inves-
tigators for extradition of suspects in criminal
cases;
(B) assisting in obtaining compliance with
any request made of, or subpoena served on,
any financial institution, commercial entity,
government entity, or individual, by or on be-
half of investigators; and
(C) coordinating the provision of any wit-
ness, document, or physical evidence requested
by investigators, and granting investigators
such access to the country as may be necessary
to further the investigation; and
(2) has disclosed to the Attorney General the
identity of any commercial entity with operations in
the country that would benefit from the provision of
such funds.
(b) CONSULTATION AND REPORT REQUIRED BEFORE
CERTIFICATION.—Not fewer than 30 days before making
the certification described in subsection (a), the Attorney
General and the Secretary of State shall, subject to other
law—
(1) provide a written report to the Speaker of
the House of Representatives and the President pro
tempore of the Senate that contains all information
of which the Attorney General and the Secretary of
State are then aware with regard to the matters de-
scribed in subsection (a); and
(2) consult with the Speaker of the House of
Representatives and the President pro tempore of
the Senate about the intent of the Attorney General
and Secretary of State with regard to making the
certification.
Æ