I
105TH CONGRESS
1ST SESSION
H. R. 1171
To provide for the elimination of 12 Federal subsidy programs and projects.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 1997
Mr. KASICH (for himself, Mr. CONDIT, Mr. ROYCE, Mr. ANDREWS, Mr. KLUG,
Mr. MILLER of Florida, and Mr. CHABOT) introduced the following bill;
which was referred to the Committee on Agriculture, and in addition to
the Committees on Resources, Commerce, Science, International Rela-
tions, Transportation and Infrastructure, Ways and Means, and Banking
and Financial Services, for a period to be subsequently determined by the
Speaker, in each case for consideration of such provisions as fall within
the jurisdiction of the committee concerned
A BILL
To provide for the elimination of 12 Federal subsidy
programs and 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 ‘‘Omnibus Corporate
Welfare Reduction Act of 1997’’.
TITLE I—AGRICULTURE
PROGRAMS
SEC. 101. ELIMINATION OF THE ELECTRIC AND TELE-
PHONE PROGRAMS OF THE FEDERAL GOV-
ERNMENT.
(a) REPEALS.—The following provisions of law are
repealed:
(1) The Rural Electrification Act of 1936 (7
U.S.C. 901–950aa).
(2) Sections 1 and 10 of Public Law 93–32 (7
U.S.C. 906a and 930).
(3) Section 236(a) of the Disaster Relief Act of
1970 (7 U.S.C. 912a).
(4) Section 1 of Public Law 92–12 (7 U.S.C.
921a).
(5) Section 1 of Public Law 92–324 (7 U.S.C.
921b).
(6) The first undesignated paragraph under the
item designated ‘‘RURAL
TELEPHONE
BANK
PRO-
GRAM
ACCOUNT’’ in title III of the Agriculture,
Rural Development, Food and Drug Administration,
and Related Agencies Appropriations Act, 1992 (7
U.S.C. 931a).
(7) Section 1414 of the Omnibus Budget Rec-
onciliation Act of 1987 (7 U.S.C. 944a).
(8) Subtitle D of title XXIII of the Food, Agri-
culture, Conservation, and Trade Act of 1990 (7
U.S.C. 950aaa–950aaa–5).
(b) CONFORMING AMENDMENTS.—
(1) Section 306(a)(1) of the Consolidated Farm
and Rural Development Act (7 U.S.C. 1926(a)(1))
is amended by striking the second sentence.
(2) Section 2322 of the Food, Agriculture, Con-
servation, and Trade Act of 1990 (7 U.S.C. 1926–
1) is repealed.
(3) Section 234(b) of the Federal Crop Insur-
ance and Department of Agriculture Reorganization
Act of 1994 (7 U.S.C. 6944(b)) is amended by strik-
ing paragraph (1) and redesignating paragraphs (2)
through (5) as paragraphs (1) through (4), respec-
tively.
(4) Section 231 of the Federal Crop Insurance
and Department of Agriculture Reorganization Act
of 1994 (7 U.S.C. 6941) is amended by striking
subsection (e).
(5) Section 9 of the Act of August 11, 1939
(Chapter 717; 53 Stat. 1418; 16 U.S.C. 590z–7) is
amended by striking all that follows the last semi-
colon and inserting a period.
(6) Section 212 of the Federal Power Act (16
U.S.C. 824k(h)(2)(A)) is amended by striking the
third undesignated clause.
(7) Title IV of the Public Utility Regulatory
Policies Act of 1978 is amended—
(A) in section 401 (16 U.S.C. 2701), by
striking ‘‘electric cooperatives,’’;
(B) in sections 402(a) and 403(a) (16
U.S.C. 2702(a) and 2703(a)), by striking ‘‘elec-
tric cooperative,’’; and
(C) in section 408(a) (16 U.S.C. 2708(a)),
by striking paragraph (2) and redesignating
paragraphs (3) through (8) as paragraphs (2)
through (7), respectively.
(8) Section 501(c)(12) of the Internal Revenue
Code of 1986 (26 U.S.C. 501(c)(12)) is amended—
(A) in subparagraph (B)—
(i) by adding ‘‘or’’ at the end of
clause (ii);
(ii) by striking ‘‘, or’’ at the end of
clause (iii) and inserting a period; and
(iii) by striking clause (iv); and
(B) by striking subparagraph (C) and in-
serting the following:
‘‘(C) In the case of a mutual or cooperative
electric company, subparagraph (A) shall be ap-
plied without taking into account any income
received or accrued from qualified pole rent-
als.’’.
(9) Section 9101 of title 31, United States
Code, is amended—
(A) in paragraph (2), by striking subpara-
graph (I) and redesignating subparagraphs (J)
through (M) as subparagraphs (I) through (L),
respectively; and
(B) in paragraph (3), by striking subpara-
graph (K) and redesignating subparagraphs (L)
through the first (N) as subparagraphs (K)
through (M), respectively.
(10) Section 9(c) of the Reclamation Project
Act of 1939 (43 U.S.C. 485h(c)) is amended by
striking ‘‘; and also to cooperatives and other non-
profit organizations financed in whole or in part by
loans made pursuant to the Rural Electrification Act
of 1936’’.
(11) Section 504(g) of the Federal Land Policy
and Management Act of 1976 (43 U.S.C. 1764(g))
is amended by striking the last sentence.
(c) EFFECT ON EXISTING CONTRACTS.—The repeals
and amendments made by this section shall not be con-
strued to permit the violation of any contract entered into
before the date of the enactment of this section.
(d) RESCISSION
OF UNOBLIGATED BALANCES.—
There are rescinded the unobligated balances of the
amounts made available out of appropriations made pur-
suant to any provision of law repealed or stricken by this
section.
SEC. 102. ELIMINATION OF MARKET ACCESS PROGRAM.
Section 203 of the Agricultural Trade Act of 1978
(7 U.S.C. 5623) is repealed.
TITLE II—ENERGY AND WATER
PROGRAMS
SEC. 201. LIMITATION ON EXPENDITURES FOR ANIMAS-LA
PLATA PROJECT.
(a) LIMITATION.—No funds appropriated or other-
wise available to the Secretary of the Interior may be obli-
gated or expended for the Animas-La Plata Project, ex-
cept for the limited purposes of identifying, evaluating,
and conducting public education about alternatives to the
project that, without construction of a reservoir in Ridge’s
Basin, would substantially satisfy the water rights inter-
ests of the Ute Mountain Ute Indian Tribe and the South-
ern Ute Indian Tribe that were intended to be satisfied
with water supplied from the project.
(b) NEGOTIATIONS.—The Secretary of the Interior
shall promptly seek to enter into negotiations with the Ute
Mountain Ute Indian Tribe and the Southern Ute Indian
Tribe to satisfy, in a manner consistent with all Federal
laws, the water rights interests of those tribes that were
intended to be satisfied with water supplied from the
Animas-La Plata Project.
(c) ANIMAS-LA PLATA PROJECT DEFINED.—In this
section, the term ‘‘Animas-La Plata Project’’ means the
Animas-La Plata Project, Colorado and New Mexico, a
participating project under the Act of April 11, 1956 (70
Stat. 105; 43 U.S.C. 620; commonly referred to as the
‘‘Colorado River Storage Act’’), and the Colorado River
Basin Project Act (82 Stat. 885; 43 U.S.C. 1501 et seq.).
SEC. 202. PYROPROCESSING.
(a) SENSE OF CONGRESS.—The Congress is con-
cerned about the pyroprocessing program and its potential
implications regarding attempts to revive a liquid metal
reactor program. The Congress should not proceed with
a liquid metal reactor program. The Congress is also con-
cerned about what it perceives to be an inadequate review
of programmatic alternatives to pyroprocessing. Since
there is also considerable uncertainty concerning the abil-
ity of this program to dispose of the products from
pyroprocessing, the Congress intends to monitor this pro-
gram carefully.
(b) DEAUTHORIZATION
OF LIQUID METAL REAC-
TORS.—The Energy Policy Act of 1992 is amended—
(1) in section 2121(b)(1)(B) (42 U.S.C.
13491(b)(1)(B)), by striking ‘‘and liquid metal reac-
tors,’’; and
(2) in section 2122(b)(1)(B) (42 U.S.C.
13492(b)(1)(B)), by striking ‘‘and the liquid metal
reactor technology’’.
TITLE III—INTERIOR PROGRAMS
SEC. 301. FOSSIL ENERGY RESEARCH AND DEVELOPMENT.
(a) GENERAL RULE.—Except as otherwise provided
in this section, the Department of Energy shall not con-
duct any fossil energy research and development activities.
(b) AUTHORITY TO CARRY OUT TERMINATION AC-
TIVITIES.—Notwithstanding subsection (a), the Secretary
of Energy may carry out such fossil energy research and
development activities as are required by contracts entered
into before the date of the enactment of this Act, and such
other activities as are necessary to terminate ongoing fos-
sil energy research and development activities, consistent
with the report required under subsection (c).
(c) REPORT
ON TERMINATION ACTIVITIES.—Not
later than 6 months after the date of the enactment of
this Act, the Secretary of Energy shall transmit to the
Congress a report that—
(1) sets forth a plan for terminating all fossil
energy research and development activities of the
Department of Energy, including contract activities
and all necessary cleanup procedures, by September
30, 1999; and
(2) identifies the assets of the Department that
are used for fossil energy research and development
activities and provides for the appropriate disposi-
tion or reassignment of those assets.
(d) AUTHORIZATION
OF APPROPRIATIONS.—There
are authorized to be appropriated to the Secretary of En-
ergy for carrying out subsections (b) and (c) of this sec-
tion—
(1) $237,000,000 for fiscal year 1998; and
(2) $128,000,000 for fiscal year 1999.
SEC. 302. ELIMINATION OF PURCHASER ROAD CREDITS AS
FINANCING METHOD FOR NATIONAL FOREST
ROAD CONSTRUCTION AND RECOVERY OF
FEDERAL COSTS OF FOREST ROAD CON-
STRUCTION.
(a) FINDINGS.—Congress finds the following:
(1) Serious problems exist concerning numerous
aspects of the United States Forest Service.
(2) In July 1996, the Inspector General of the
Department of Agriculture reported on the audit of
the Forest Service’s financial statements for fiscal
year 1995. The audit resulted in an adverse opinion,
meaning that the Forest Service’s financial state-
ments were considered unreliable.
(3) The Forest Service could not determine for
what purpose $215,000,000 of its $3,400,000,000 in
operating and program funds were spent. Likewise,
the Forest Service lacks a reliable system for track-
ing its system of forest roads. The Forest Service
started performing inventory counts in an effort to
determine the amount invested in roads it owns.
These counts identified $1,300,000,000 worth of
roads in one region alone that had not been pre-
viously recorded.
(4) In November 1996, the General Accounting
Office reported that little computerized information
was available from the Forest Service to determine
whether timber sales were being made on a competi-
tive basis because some of the computerized tapes
containing the needed data were accidentally erased.
(b) ELIMINATION OF PURCHASER ROAD CREDITS.—
Section 4 of Public Law 88–657 (16 U.S.C. 535; com-
monly known as the National Forest Roads and Trails
Act) is amended—
(1) by striking ‘‘SEC. 4.’’ and inserting the fol-
lowing:
‘‘SEC. 
4. 
CONSTRUCTION 
OF 
FOREST 
DEVELOPMENT
ROADS.
‘‘(a) AUTHORIZED METHODS TO FUND CONSTRUC-
TION.—’’;
(2) by striking ‘‘including provisions for amorti-
zation of road costs in contracts’’ and inserting ‘‘ex-
cept that the Secretary may not provide effective
purchaser credit for road construction’’;
(3) by striking the last sentence; and
(4) by adding at the end the following new sub-
section:
‘‘(b) EFFECT ON EXISTING PURCHASER ROAD CRED-
ITS.—Effective purchaser credit for any contract awarded
before the date of the enactment of this subsection may
continue to be used in accordance with subsection (a), and
rules issued under this section, as in effect on the day
before the date of the enactment of this subsection.’’.
(c) LEVEL OF CONSTRUCTION OF FOREST ROADS.—
Such section is further amended—
(1) by striking ‘‘: Provided,’’ and all that fol-
lows through ‘‘as may be appropriate’’; and
(2) by inserting after subsection (b) (as added
by subsection (b)(4)) the following new subsection:
‘‘(c) 
LEVEL
OF
CONSTRUCTION
OF
FOREST
ROADS.—In the case of a forest road constructed or paid
for by a purchaser of national forest timber, the Secretary
may not require the purchaser to design, construct, or
maintain the road to a higher standard than the standard
needed in the harvesting and removal of the timber and
other products covered by the sale, consistent with existing
environmental laws and regulations.’’.
(d) SENSE OF CONGRESS REGARDING RECOVERY OF
ROAD COSTS.—It is the sense of the Congress that the
Secretary of Agriculture should recover, when practicable,
the full cost to the Federal Government of forest road de-
sign, construction, and maintenance through appropriate
fees levied upon the users of the roads, whether for log-
ging, recreation, or other uses.
(e) CONFORMING AMENDMENTS REGARDING PUR-
CHASER ROAD CREDITS.—
(1) TRANSPORTATION SYSTEM.—Section 10(a)
of the Forest and Rangeland Renewable Resources
Planning Act of 1974 (16 U.S.C. 1608(a)) is
amended by striking ‘‘benefits’’ and all that follows
through the period at the end of the subsection and
inserting ‘‘benefits.’’.
(2) TIMBER SALES WITH PURCHASER CREDIT
PROVISIONS.—Section 14 of the National Forest
Management Act of 1976 (16 U.S.C. 472a) is
amended by striking subsection (i).
(3) EFFECT ON EXISTING CONTRACTS.—Sub-
section (i) of section 14 of the National Forest Man-
agement Act of 1976 (16 U.S.C. 472a), as in effect
on the day before the date of the enactment of this
Act, shall continue to apply with respect to any tim-
ber contract described in such subsection awarded
before the date of the enactment of this Act.
SEC. 303. TERMINATION OF CLEAN COAL TECHNOLOGY
PROGRAM.
(a) IN GENERAL.—The United States shall not obli-
gate any funds for the Clean Coal Technology program.
(b) REPEAL.—
(1) IN GENERAL.—Except as provided in para-
graph (2), the matter under the heading ‘‘DEPART-
MENT OF ENERGY, CLEAN COAL TECHNOLOGY’’
in the Act entitled ‘‘An Act making appropriations
for the Department of the Interior and Related
Agencies for the fiscal year ending September 30,
1986, and for other purposes’’ enacted by section
101(d) of the Joint Resolution entitled ‘‘Joint Reso-
lution making further continuing appropriations for
the fiscal year 1986, and for other purposes’’ (Public
Law 99–190; 99 Stat. 1251) is repealed.
(2) EXCEPTION.—The authority provided in the
matter repealed by paragraph (1) of this subsection
shall be preserved to the extent necessary to carry
out obligations of the United States with respect to
clean coal technology projects selected by the Sec-
retary of Energy pursuant to the fifth general re-
quest for proposals issued by the Secretary under
such section 101(d) (and pursuant to any such gen-
eral request issued before the fifth general request).
(c) RESCISSION.—Any unobligated funds previously
appropriated for the Clean Coal Technology program are
rescinded.
TITLE IV—FOREIGN
OPERATIONS PROGRAMS
SEC. 401. TERMINATION OF OVERSEAS PRIVATE INVEST-
MENT CORPORATION.
(a) TERMINATION.—
(1) TERMINATION
OF
AUTHORITY
TO
MAKE
NEW OBLIGATIONS.—(A) Effective 60 days after the
date of the enactment of this Act, the Overseas Pri-
vate Investment Corporation shall not issue any in-
surance, guaranties, or reinsurance, make any loan,
or acquire any securities, under section 234 of the
Foreign Assistance Act of 1961, enter into any
agreements for any other activity authorized by such
section 234, or enter into risk sharing arrangements
authorized by section 234A of that Act.
(B) Subparagraph (A) does not require the ter-
mination of any contract or other agreement entered
into before such paragraph takes effect.
(2) TERMINATION
OF
OPIC.—Effective 180
days after the date of the enactment of this Act, the
Overseas Private Investment Corporation is abol-
ished.
(3) TRANSFER OF OPERATIONS TO OMB.—The
Director of the Office of Management and Budget
shall, effective 180 days after the date of the enact-
ment of this Act, perform the functions of the Over-
seas Private Investment Corporation with respect to
contracts and agreements described in paragraph
(1)(B) until the expiration of such contracts and
agreements, but shall not renew any such contract
or agreement. The Director shall take the necessary
steps to wind up the affairs of the Corporation.
(4) REPEAL OF AUTHORITIES.—Effective 180
days after the date of the enactment of this Act,
title IV of chapter 2 of part I of the Foreign Assist-
ance Act of 1961 (22 U.S.C. 2191 and following)
is repealed, but shall continue to apply with respect
to functions performed by the Director of the Office
of Management and Budget under paragraph (3).
(5) APPROPRIATIONS.—Funds available to the
Corporation shall, upon the effective date of the re-
peal made by paragraph (4), be transferred to the
Director of the Office of Management and Budget
for use in performing the functions of the Corpora-
tion under paragraph (3). Upon the expiration of
the contracts and agreements with respect to which
the Director is exercising such functions, any unex-
pended balances of the funds transferred under this
subsection shall be deposited in the Treasury as mis-
cellaneous receipts.
(b) SAVINGS PROVISIONS.—
(1) PRIOR DETERMINATIONS NOT AFFECTED.—
The repeal made by subsection (a)(4) of the provi-
sions of law set forth in such subsection shall not af-
fect any order, determination, regulation, or contract
that has been issued, made, or allowed to become ef-
fective under such provisions before the effective
date of the repeal. All such orders, determinations,
regulations, and contracts shall continue in effect
until modified, superseded, terminated, set aside, or
revoked in accordance with law by the President, the
Director of the Office of Management and Budget,
or other authorized official, a court of competent ju-
risdiction, or by operation of law.
(2) PENDING PROCEEDINGS.—(A) The repeal
made by subsection (a)(4) shall not affect any pro-
ceedings, including notices of proposed rulemaking,
pending on the effective date of the repeal, before
the Overseas Private Investment Corporation, except
that no insurance, reinsurance, guarantee, or loan
may be issued pursuant to any application pending
on such effective date. Such proceedings, to the ex-
tent that they relate to functions performed by the
Director of the Office of Management and Budget
after such repeal, shall be continued. Orders shall be
issued in such proceedings, appeals shall be taken
therefrom, and payments shall be made pursuant to
such orders, as if this Act had not been enacted; and
orders issued in any such proceedings shall continue
in effect until modified, terminated, superseded, or
revoked by the Director, by a court of competent ju-
risdiction, or by operation of law. Nothing in this
paragraph shall be deemed to prohibit the dis-
continuance or modification of any such proceeding
under the same terms and conditions and to the
same extent that such proceeding could have been
discontinued or modified if this section had not been
enacted.
(B) The Director of the Office of Management
and Budget is authorized to issue regulations provid-
ing for the orderly transfer of proceedings continued
under subparagraph (A).
(3) ACTIONS.—Except as provided in paragraph
(5)—
(A) the provisions of this Act shall not af-
fect suits commenced before the effective date
of the repeal made by subsection (a)(4); and
(B) in all such suits, proceedings shall be
had, appeals taken, and judgments rendered in
the same manner and effect as if this section
had not been enacted.
(4) LIABILITIES INCURRED.—No suit, action,
or other proceeding commenced by or against any
officer in the official capacity of such individual as
an officer of the Overseas Private Investment Cor-
poration, shall abate by reason of the enactment of
this section. No cause of action by or against the
Overseas Private Investment Corporation, or by or
against any officer thereof in the official capacity of
such officer shall abate by reason of the enactment
of this section.
(5) PARTIES.—If, before the effective date of
the repeal made by subsection (a)(4), the Overseas
Private Investment Corporation or an officer thereof
in the official capacity of such officer, is a party to
a suit, then such suit shall be continued with the Di-
rector of the Office of Management and Budget sub-
stituted or added as a party.
(6) REVIEW.—Orders and actions of the Direc-
tor of the Office of Management and Budget in the
exercise of functions of the Overseas Private Invest-
ment Corporation shall be subject to judicial review
to the same extent and in the same manner as if
such orders and actions had been issued or taken by
the Overseas Private Investment Corporation. Any
statutory requirements relating to notice, hearings,
action upon the record, or administrative review that
apply to any function of the Overseas Private Invest-
ment Corporation shall apply to the exercise of such
function by the Director of the Office of Manage-
ment and Budget.
(c) TECHNICAL AND CONFORMING AMENDMENTS.—
(1) TITLE 5, UNITED STATES CODE.—(A) Sec-
tion 5314 of title 5, United States Code, is amended
by striking
‘‘President, Overseas Private Investment Cor-
poration.’’.
(B) Section 5315 of title 5, United States Code,
is amended by striking
‘‘Executive Vice President, Overseas Private In-
vestment Corporation.’’.
(C) Section 5316 of title 5, United States Code,
is amended by striking
‘‘Vice Presidents, Overseas Private Investment
Corporation (3).’’.
(2) OTHER AMENDMENTS AND REPEALS.—(A)
Section 222(a) of the Foreign Assistance Act of
1961 is amended by inserting after ‘‘section 238(c)’’
the following: ‘‘as in effect on the day before the ef-
fective date of the repeal of that section made by
section 401(a)(4) of the Omnibus Corporate Welfare
Reduction Act of 1997’’.
(B) Section 2301(b)(9) of the Export Enhance-
ment Act of 1988 (15 U.S.C. 4721(b)(9)) is amend-
ed by striking ‘‘the Overseas Private Investment
Corporation,’’.
(C) Section 2312(d)(1) of the Export Enhance-
ment Act of 1988 (15 U.S.C. 4727(d)(1)) is amend-
ed—
(i) by striking subparagraph (K); and
(ii) by redesignating subparagraphs (L)
and (M) as subparagraphs (K) and (L), respec-
tively.
(D) Section 5402(b) of the Omnibus Trade and
Competitiveness Act of 1988 (15 U.S.C. 4902(b)) is
amended—
(i) in paragraph (12) by adding ‘‘and’’
after the semicolon;
(ii) by striking paragraph (13); and
(iii) by redesignating paragraph (14) as
paragraph (13).
(E) Section 624 of the Higher Education Act of
1965 (20 U.S.C. 1131c) is amended by striking ‘‘the
Overseas Private Investment Corporation,’’.
(F) Section 481(e)(4)(A) of the Foreign Assist-
ance Act of 1961 (22 U.S.C. 2291(e)(4)(A)) is
amended by striking ‘‘(including programs under
title IV of chapter 2, relating to the Overseas Pri-
vate Investment Corporation)’’.
(G)(i) Section 574 of the Foreign Operations,
Export Financing, and Related Programs Appro-
priations Act, 1996 (22 U.S.C. 2394 note) is amend-
ed—
(I) by amending subsection (b) to read as
follows:
‘‘(b) COUNTRIES.—The countries referred to in sub-
section (a) are countries for which in excess of $5,000,000
has been obligated during the previous fiscal year for as-
sistance under sections 103 through 106, chapters 10 and
11 of part I, and chapter 4 of part II of the Foreign As-
sistance Act of 1961, and under the Support for East Eu-
ropean Democracy Act of 1989.’’; and
(II) in the first sentence of subsection (c)
by striking ‘‘the Administrator’’ and all that
follows through ‘‘Corporation’’ and inserting
‘‘and the Administrator of the Agency for Inter-
national Development’’.
(ii) The amendment made by clause (i) shall
first apply to the annual report required to be sub-
mitted under section 574(a) of the Foreign Oper-
ations, Export Financing, and Related Programs
Appropriations Act, 1996 in the fiscal year following
the fiscal year in which no funds have been obligated
by the Overseas Private Investment Corporation by
virtue of this section.
(H) Section 2(c)(12) of the Support for East
European Democracy (SEED) Act of 1989 (22
U.S.C. 5401(c)(12)) is repealed.
(I) Section 202(b)(2)(B) of the Cuban Liberty
and Democratic Solidarity (LIBERTAD) Act of
1996 (22 U.S.C. 6062(b)(2)(B)) is amended—
(i) by striking clause (iv); and
(ii) by redesignating clauses (v), (vi), and
(vii) as clauses (iv), (v), and (vi), respectively.
(J) Section 9101(3) of title 31, United States
Code, is amended—
(i) by striking subparagraph (H); and
(ii) by redesignating subparagraphs (I)
through (P) as subparagraphs (G) through (O),
respectively.
(K) The following provisions of law are re-
pealed:
(i) Section 5(b)(2) of the Overseas Private
Investment Corporation Amendments Act of
1981 (22 U.S.C. 2194a).
(ii) Section 5 of the Taiwan Relations Act
(22 U.S.C. 3304).
(iii) Subsections (b), (c), and (d) of section
576 of the Foreign Operations, Export Financ-
ing, and Related Programs Appropriations Act,
1991.
(iv) Subsections (b), (c), and (d) of section
597 of the Foreign Operations, Export Financ-
ing, and Related Programs Appropriations Act,
1990.
(v) Sections 109 and 111 of the Overseas
Private Investment Corporation Amendments
Act of 1988, as enacted by reference in section
555 of Public Law 100–461.
(3) EFFECTIVE DATE.—The amendments and
repeals made by this subsection shall take effect 180
days after the date of the enactment of this Act.
SEC. 402. SENSE OF THE CONGRESS THAT THE UNITED
STATES SHOULD NOT PARTICIPATE IN THE
LATEST 
ROUND 
OF 
THE 
IMF 
GENERAL
AGREEMENTS TO BORROW.
(a) FINDINGS.—The Congress finds that—
(1) the International Monetary Fund (IMF) op-
erates outside of public scrutiny, releasing almost no
information to the public, thereby avoiding adequate
accountability for its programs;
(2) to ensure that it gets repaid, the IMF fre-
quently imposes ‘‘conditionality’’ on its loans—policy
changes that borrowing countries must undertake to
receive a loan;
(3) frequently, the IMF has forced developing
nations to enact unsound economic policies, which
have led to tax increases on the poor, draconian cur-
rency devaluations, and resource exploitation;
(4) the IMF will do considerable harm to devel-
oping countries by continuing to make loans to their
governments;
(5) bailing out these governments only encour-
ages them to continue policies detrimental to their
citizens, such as destroying scarce natural resources,
maintaining bloated bureaucracies, operating money-
losing state-sponsored industries, and spending too
much on their militaries; and
(6) new IMF funding to developing countries
frequently ends up substituting IMF debt for
reschedulable commercial bank debt.
(b) SENSE OF THE CONGRESS.—It is the sense of
the Congress that the United States should not participate
in the latest round of the General Agreements to Borrow,
commonly referred to as the ‘‘New Arrangements to Bor-
row’’.
SEC. 403. SENSE OF THE CONGRESS THAT THE UNITED
STATES SHOULD NOT PROVIDE ADDITIONAL
RESOURCES TO THE IMF ENHANCED STRUC-
TURAL ADJUSTMENT FACILITY.
(a) FINDINGS.—The Congress finds that—
(1) the Enhanced Structural Adjustment Facil-
ity (ESAF) of the International Monetary Fund
makes low interest loans to the poorest developing
countries that cannot pay their bills;
(2) countries that borrow from the ESAF must
be prepared to adopt multi-year economic and struc-
tural ‘‘reform’’ programs, which have frequently
done the countries more harm than good; and
(3) despite 10 years of ESAF lending, poverty
continues to increase in many countries that are eli-
gible for loans from the ESAF.
(b) SENSE OF THE CONGRESS.—It is the sense of
the Congress that the United States should not provide
additional resources to the Enhanced Structural Adjust-
ment Facility.
TITLE V—TRANSPORTATION
PROGRAMS
SEC. 501. SENSE OF CONGRESS CONCERNING HIGHWAY
DEMONSTRATION PROJECTS.
(a) FINDING.—Congress finds that—
(1) the Intermodal Surface Transportation Effi-
ciency Act of 1991 (ISTEA) included a five-fold in-
crease in demonstration projects compared to the
Surface Transportation and Uniform Relocation As-
sistance Act of 1987;
(2) highway demonstration projects provide lim-
ited economic benefits; and
(3) highway demonstration projects frequently
are not consistent with key transportation priorities,
do not appear on State or regional transportation
plans, and draw funds away from other major Fed-
eral-aid highway programs.
(b) SENSE OF CONGRESS.—It is therefore the sense
of Congress that highway demonstration projects should
not be required by Federal law.
SEC. 502. ELIMINATION OF APPALACHIAN DEVELOPMENT
HIGHWAY SYSTEM PROGRAM.
(a) REPEAL.—Section 201 of the Appalachian Re-
gional Development Act of 1965 (40 U.S.C. App. 201) is
repealed.
(b) CONFORMING AMENDMENTS.—Section 401 of
such Act (40 U.S.C. App. 401) is amended—
(1) by striking ‘‘in section 201 for the Appa-
lachian Development Highway System and Local Ac-
cess Roads, and’’; and
(2) by striking ‘‘and in section 201(g) for the
Appalachian development highway system and local
access roads,’’.
Æ