Eisenhower Exchange Fellowship Act of 1990
PL 101-454 (S.2017), enacted 10/24/1990

PUBLIC LAW 101-454—OCT. 24, 1990 
104 STAT. 1063 
Public Law 101-454 
101st Congress 
An Act 
Eisenhower 
Exchange 
Fellowship Act 
of 1990. 
20 use 5201 
note. 
20 u s e 5201. 
To provide a permanent endowment for the Eisenhower Exchange Fellowship 
Oct. 24, 1990 
Program. 
[S. 2017] 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the "Eisenhower Exchange Fellowship 
Act of 1990". 
SEC. 2. PURPOSES. 
The purposes of this Act are— 
(1) to provide a permanent endowment for the Eisenhower 
Exchange Fellowship Program; 
(2) to honor Dwight D. Eisenhower for his character, courage, 
and patriotism, and for his leadership based on moral integrity 
and trust; 
(3) to pay tribute to President Eisenhower's leadership in war 
and peace, through his diverse understanding of history, prac-
tical affairs, and the hearts of humankind; 
(4) to address America's need for the best possible higher 
education of its young talent for a competitive world which 
shares a common and endangered environment; 
(5) to advance the network of friendship and trust already 
established in President Eisenhower's name, so that it may 
continue to grow to the imminent challenges of the 21st cen-
tury; 
(6) to complete Dwight David Eisenhower's crusade to liberate 
the people's of Europe from oppression; 
(7) to deepen and expand relationships with European nations 
developing democracy and self-determination; and 
(8) to honor President Dwight D. Eisenhower on the occasion 
of the centennial of his birth through permanent endowment of 
an established fellowship program, the Eisenhower Exchange 
Fellowships, to increase educational opportunities for young 
leaders in preparation for and enhancement of their profes-
sional careers, and advancement of peace through international 
understanding. 
SEC. 3. EISENHOWER EXCHANGE FELLOWSHIP PROGRAM TRUST FUND. 
20 USC 5202. 
(a) ESTABLISHMENT.—There is established in the Treasury of the 
United States a trust fund to be known as the Eisenhower Exchange 
Fellowship Program Trust Fund (hereinafter in this Act referred to 
as the "fund"). The fund shall consist of amounts authorized to be 
appropriated under section 5 of this Act. 
(b) INVESTMENT IN INTEREST BEARING OBUGATIONS.—It shall be 
the duty of the Secretary of the Treasury to invest in full amounts 
appropriated to the fund. Such investments may be made only in 
interest-bearing obligations of the United States or in obligations 
104 STAT. 1064 
PUBLIC LAW 101-454—OCT. 24, 1990 
guaranteed as to both principal and interests by the United States. 
For such purpose, such obligations may be acquired (1) on original 
issue at the issue price, or (2) by purchase of outstanding obligations 
at the market price. The purposes for which obligations of the 
United States may be issued under chapter 31 of title 31, are hereby 
extended to authorize the issuance at par of special obligations 
exclusively to the fund. Such special obligations shall bear interest 
at a rate equal to the average rate of interest, computed as to the 
end of the calendar month next preceding the date of such issue 
borne by all marketable interest-bearing obligations of the United 
States then forming a part of the public debt; except that where 
such average rate is not a multiple of one-eighth of 1 percent, the 
rate of interest of such special obligations shall be the multiple of 
one-eighth of 1 percent next lower than such average rate. Such 
special obligations shall be issued only if the Secretary determines 
that the purchase of other interest-bearing obligations of the United 
States, or of obligations guaranteed as to both principal and interest 
by the United States or original issue or at the market price, is not 
in the public interest. 
(c) SALE AND REDEMPTION OF OBUGATIONS.—Any obligation ac-
quired by the fund (except special obligations issued exclusively to 
the fund) may be sold by the Secretary of the Treasury at the 
market price, and such special obligations may be redeemed at par 
plus accrued interest. 
(d) CREDIT TO THE FUND OF INTEREST AND PROCEEDS OF SALE OR 
REDEMPTION.—The interest on, and the proceeds from the sale or 
redemption of, any obligations held in the fund shall be credited to 
and form a part of the fund. 
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SEC. 4. EXPENDITURE AND AUDIT OF TRUST FUND. 
(a) AUTHORIZATION OF FUNDING.—For each fiscal year, there is 
authorized to be appropriated from the fund to Eisenhower Ex-
change Fellowships, Incorporated, the interest and earnings of the 
fund. 
(b) ACCESS TO BOOKS, RECORDS, ETC. BY GENERAL ACCOUNTING 
OFFICE.—The activities of Eisenhower Exchange Fellowships, Incor-
porated, may be audited by the General Accounting Office under 
such rules and regulations as may be prescribed by the Comptroller 
General of the United States. The representatives of the General 
Accounting Office shall have access to all books, accounts, records, 
reports, and files and all other papers, things, or property belonging 
to or in use by Eisenhower Exchange Fellowships, Incorporated, 
pertaining to such activities and necessary to facilitate the audit. 
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SEC. 5. AUTHORIZATION OF APPROPRIATIONS. 
To provide a permanent endowment for the Eisenhower Exchange 
Fellowship Program, there are authorized to be appropriated to the 
Eisenhower Exchange Fellowships Program Trust Fund— 
(1) $5,000,000; and 
(2) the lesser of— 
(A) $2,500,000, or 
(B) an amount equal to contributions to Eisenhower Ex-
change Fellowships, Incorporated, from private sector 
sources during the 4-year period beginning on the date of 
enactment of this Act. 
PUBLIC LAW 101-454—OCT. 24, 1990 
104 STAT. 1065 
SEC. 6. USE OF INCOME ON THE ENDOWMENT. 
(a) REQUIREMENT FOR FUNDING OF UNITED STATES FELLOWS IN 
EMERGING EUROPEAN DEMOCRACIES.—For any fiscal year, not less 
than 50 percent of the amounts made available to Eisenhower 
Exchange Fellowships, Incorporated, pursuant to section 4(a) shall 
be available only to assist United States fellows in traveling to and 
studying in emerging European democracies. 
OD) LIMITATION ON STUDY IN UNITED STATES.—For any fiscal year, 
not more than 50 percent of the amounts made available to Eisen-
hower Exchange Fellowships, Incorporated, pursuant to section 4(a) 
shall be available to assist foreign fellows in traveling to and 
stud3dng in the United States. 
(c) AGRICULTURAL EXCHANGE PROGRAM.—For any fiscal year, as 
may be determined by Eisenhower Exchange Fellowships, Incor-
porated, a portion of the amounts made available to Eisenhower 
Exchange Fellowships, Incorporated, pursuant to section 4(a) shall 
be used to provide fellowships for agricultural exchemge programs 
for farmers from the United States and foreign countries. 
(d) PARTICIPATION BY UNITED STATES MINORITY POPULATIONS.—In 
order to ensure that the United States fellows participating in 
programs of the Eisenhower Exchange Fellowships, Incorporated, 
are representative of the cultural, ethnic, and racial diversity of the 
American people, of the amounts made available to Eisenhower 
Exchange Fellowships, Incorporated, pursuant to section 4(a) which 
are obligated and expended for United States fellowship programs, 
not less than 10 percent shall be available only for participation by 
individuals who are representative of United States minority popu-
lations. 
SEC. 7. REPORT TO CONGRESS. 
For any fiscal year for which Eisenhower Exchange Fellowships, 
Incorporated, receive funds pursuant to section 4(a) of this Act, 
Eisenhower Exchange Fellowships, Incorporated, shall prepare and 
transmit to the President and the CJongress a report of its activities 
for such fiscal year. 
SEC. 8. EXTENSION OF AU PAIR PROGRAMS. 
The United States Information Agency shall continue to imple-
ment the au pair programs designated by the Director of United 
States Information Agency as of July 10, 1990, until such au pair 
programs are authorized £ind implemented by another agency of the 
United States Government. 
SEC. 9. FASCELL FELLOWSHIP PROGRAM. 
(a) SHORT TITLE.—This section may be cited as the "Fascell Fellow-
ship Amendments Act of 1990". 
(b) SERVICE OF FASCELL FELLOWS.— 
(1) ESTABLISHMENT.—Section 1002(a) of the Fascell Fellowship 
Act (22 U.S.C. 4901(a); hereinafter in this section referred to as 
"the Act") is amended— 
(A) by striking out "formerly" and inserting in lieu 
thereof "which would otherwise be"; and 
(B) by striking out "in the Soviet Union or Eastern 
European countries" and inserting in lieu thereof "abroad". 
(2) PURPOSE OF THE FELLOWSHIPS.—Section 1002(c) of the 
Act 
(22 U.S.C. 4901(c)) is amended— 
20 use 5205. 
20 use 5206. 
Fascell 
Fellowship 
Amendments 
Act of 1990. 
22 use 4901 
note. 
104 STAT. 1066 
PUBLIC LAW 101-454—OCT. 24, 1990 
(A) by striking out "in the Soviet Union or an Eastern 
European country" and inserting in lieu thereof "abroad"; 
and 
(B) by striking out "Soviet or Eastern European" and 
inserting in lieu thereof "that country's". 
(3) INDIVIDUALS WHO MAY RECEIVE A FELLOWSHIP.—Section 
1002(d) of the Act (22 U.S.C. 4901(d)) is amended by striking out 
"Soviet or Eastern European area studies or languages" and 
inserting in lieu thereof "international affairs, foreign lan-
guages, or career and professional experience or interest in 
international affairs,". 
(c) FELLOWSHIP BOARD.— 
(1) MEMBERSHIP.—Section 10030)) of the Act (22 U.S.C. 4902(b)) 
is amended in paragraph (4) by striking out "Soviet or Eastern 
European area studies or languages," and inserting in lieu 
thereof "international affairs or foreign langUEiges,". 
22 use 4902 
(2) TRANSITION.—The amendment made by paragraph (1) 
note. 
shall apply only to appointments to the Fascell Fellowship 
Board after the date of the enactment of this section and shall 
not affect the service of members of such board on the date of 
the enactment of this section. 
(d) POSTING OF FELLOWS.—Section 1005(a) of the Act (22 U.S.C. 
4904(a)) is amended by striking out "in the Soviet Union or Eastern 
Europe" and inserting in lieu thereof "abroad". 
Approved October 24, 1990. 
LEGISLATIVE HISTORY—S. 2017 (H.R. 4054): 
HOUSE REPORTS: No. 101-788 accompanying H.R..4054 (Comm. on Foreign Affairs). 
CONGRESSIONAL RECORD, Vol. 136 (1990): 
Sept. 27, considered and passed Senate. 
Oct. 3, considered and passed House, amended. 
Oct. 8, Senate concurred in House amendment. 
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