SECTION 1. LIMITATION ON ASSISTANCE TO MEXICO.

    Except as provided in section 2, and notwithstanding any other 
provision of law, neither the President nor the Secretary of the 
Treasury may--
            (1) provide any assistance (including the unobligated 
        balance of assistance to the Government of Mexico announced by 
        the President on January 31, 1995) to the Government of Mexico 
        or any agency or other entity of that government under section 
        5302 of title 31, United States Code, other than assistance 
        that was obligated to the Government of Mexico before January 
        26, 1996;
            (2) renew or extend the terms of any assistance authorized 
        during the period beginning on January 1, 1995 and ending on 
        the date of enactment of this Act, in connection with the 
        program of assistance to the Government of Mexico (including 
        any agency or other entity of that government) under section 
        5302 of title 31, United States Code; or
            (3) enter into any agreement on or after the date of 
        enactment of this Act with the Government of Mexico under that 
        section 5302 to provide any similar assistance.

SEC. 2. EXCEPTION.

    Section 1 does not apply if the President submits to the Congress a 
written statement (as required under subsection (b) of section 5302 of 
title 31, United States Code, or in connection with any agreement to 
provide any such assistance under that section 5302 entered into on or 
after the date of enactment of this Act, as applicable) that the 
Government of Mexico has--
            (1) taken immediate action to comply with all outstanding 
        requests for extradition by the United States;
            (2) enacted and implemented (and provided for the thorough 
        and consistent enforcement of) effective laws and regulations 
        relating to money laundering, similar to those of the United 
        States, including laws and regulations pertaining to the 
        monitoring and reporting of large cash transactions with all 
        banks, financial institutions, and money exchange houses;
            (3) taken adequate steps to ensure that individuals and 
        organizations that are involved in the illegal production, 
        transport, or sale of narcotics or other illegal substances, 
        are not able to purchase, invest, or acquire any interest in 
        any governmental institution or former institution, including 
        any bank;
            (4) enacted and implemented (and provided for the thorough 
        and consistent enforcement of) effective laws and regulations 
        that require the inspection and licensing of trucks, 
        automobiles, aircraft, and other transportation vehicles, and 
        the owners and operators of those vehicles, in order to assist 
        in the detection, seizure, and prosecution of individuals 
        engaging, assisting, or acquiescing in the illegal production, 
        transport, or sale of narcotics or other illegal substances;
            (5) enacted and implemented (and provided for the thorough 
        and consistent enforcement of) effective laws and regulations 
        to control the import and export of major precursor chemicals 
        for methamphetamines and other narcotics and psychotropic 
        drugs, including ephedrine and pseudephedrine;
            (6) taken specific action to effect the arrests of Mexican 
        drug cartel leaders and other individuals involved in organized 
        crime in Mexico;
            (7) established and maintained a complete and thorough 
        program for the interdiction of narcotics and other controlled 
        substances flowing across the border between the United States 
        and Mexico, and assisted United States law enforcement 
        officials to take effective action, such as permitting or 
        facilitating the interception of electronic and radio 
        communications across that border;
            (8) implemented a plan and taken specific action dedicated 
        to detecting and halting the large scale air transportation of 
        narcotics within the boundaries of Mexico;
            (9) taken specific action to identify and prosecute 
        civilian and military officials, at the national and local 
        levels, that engage, assist, or acquiesce in the illegal 
        trafficking or production of narcotics or other illegal 
        substances, money laundering, bribery, or other conduct linked 
        with the illegal transportation or production of narcotics or 
        other illegal substances, or that discourage the investigation 
        and prosecution of any such conduct; and
            (10) allowed for the seizure, through asset forfeiture of 
        money, property, conveyances, and any other property derived 
        through fraud or any other illegal activity, including illegal 
        drug trafficking.
Output: Prohibits the President or the Secretary of the Treasury from providing assistance under the exchange stabilization fund to the Government of Mexico, unless the President submits a written statement to the Congress that such Government has:  (1) taken immediate action to comply with all outstanding requests for extradition by the United States; (2) enacted and implemented effective laws on money laundering; (3) taken adequate steps to ensure that narcotics or other illegal drug traffickers are not able to acquire any interest in any governmental institution or former institution, including any bank; (4) enacted and implemented effective laws for the inspection and licensing of transportation vehicles, and their owners and operators, to assist in the detection, seizure, and prosecution of such illegal drug traffickers; (5) enacted and implemented effective laws to control the import and export of major precursor chemicals for certain drugs; (6) taken specific action to arrest Mexican drug cartel leaders and others involved in organized crime in Mexico; (7) established a thorough program for the interdiction of illegal drugs flowing across the U.S.-Mexican border, including air transportation of narcotics within Mexico; (8) taken specific action to identify and prosecute civilian and military officials involved in drug trafficking, money laundering, bribery, or other such conduct; and (9) allowed for the seizure, through asset forfeiture, of money and property derived through fraud or any other illegal activity, including illegal drug trafficking.