[Pages S2492-S2496]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

AMENDMENTS SUBMITTED

______

1998 EMERGENCY SUPPLEMENTAL APPROPRIATIONS ACT FOR RECOVERY FROM
NATURAL DISASTERS, AND FOR OVERSEAS PEACEKEEPING EFFORTS

______

McCAIN AMENDMENT NO. 2084

(Ordered to lie on the table.)
Mr. McCAIN submitted an amendment intended to be proposed by him to
the bill (S. 1768) making emergency supplemental appropriations for
recovery from natural disasters, and for overseas peacekeeping efforts,
for the fiscal year ending September 30, 1998, and for other purposes;
as follows:

At the appropriate place, insert the following:

SEC. . ELIGIBILITY FOR REFUGEE STATUS.

Section 584 of the Foreign Operations, Export Financing,
and Related Programs Appropriations Act, 1997 (Public Law
104-208; 110 Stat. 3009-171) is amended--
(1) in subsection (a)--
(A) by striking ``For purposes'' and inserting
``Notwithstanding any other provision of law, for purposes'';
and
(B) by striking ``fiscal year 1997'' and inserting ``fiscal
year 1998 and 1999''; and
(2) by amending subsection (b) to read as follows:
``(b) Aliens Covered.--
``(1) In general.--An alien described in this subsection is
an alien who--
``(A) is the son or daughter of a qualified national;
``(B) is 21 years of age or older; and
``(C) was unmarried as of the date of acceptance of the
alien's parent for resettlement under the Orderly Departure
Program.
``(2) Qualified national.--For purposes of paragraph (1),
the term `qualified national' means a national of Vietnam
who--
``(A)(i) was formerly interned in a reeducation camp in
Vietnam by the Government of the Socialist Republic of
Vietnam; or
``(ii) is the widow or widower of an individual described
in clause (i); and
``(B)(i) qualified for refugee processing under the
reeducation camp internees subprogram of the Orderly
Departure Program; and
``(ii) on or after April 1, 1995, is accepted--
``(I) for resettlement as a refugee; or
``(II) for admission as an immigrant under the Orderly
Departure Program.''.
______

STEVENS (AND OTHERS) AMENDMENT NO. 2085

Mr. STEVENS (for himself, Mr. Cochran, Mrs. Boxer, Mr. Bumpers, Mr.
Byrd, Mr. Bond, Mr. Lott, and Mr. Ford) proposed an amendment to the
bill, S. 1768, supra; as follows:

Pg. 15, after line 21 of the bill insert:
``Sec. . Nothwithstanding any other provision of law, in
the case of a person who is selected for training in a State
program conducted under the National Guard Challenge Program
and who obtains a general education diploma in connection
with such training, the general education diploma shall be
treated as equivalent to a high school diploma for purposes
of determining the eligibility of the person for enlistment
in the armed forces.''
______

HATCH (AND OTHERS) AMENDMENT NO. 2086

(Ordered to lie on the table.)
Mr. HATCH (for himself, Mr. Warner, Mr. Lautenberg, and Mr. Robb)
submitted an amendment intended to be proposed by them to the bill, S.
1768, supra; as follows:

On page 51, strike lines 5 through 16 and insert in lieu
thereof the following:
``Sec. 2001. None of the funds appropriated or otherwise
made available in this or any other Act may be obligated or
expended by the Patent and Trademark Office to plan for the
construction or lease of new facilities until 30 days after
the submission of a report by the Secretary of Commerce, to
be delivered not later than May 1, 1998, to the Committees on
Appropriations analyzing whether the project is properly
scoped, the procurement properly structured, and whether the
project should go forward. Such funds shall only be made
available in accordance with section 605 of Public Law 105-
119.''
______

GRAMM (AND SANTORUM) AMENDMENT NO. 2087

(Ordered to lie on the table.)
Mr. GRAMM (for himself and Mr. Santorum) submitted an amendment
intended to be proposed by them to the bill, S. 1768, supra; as
follows:

At the appropriate place, insert the following:
Sec. . Notwithstanding any other provision of this Act or
any other provision of law, only that portion of budget
authority provided in this Act that is obligated during
fiscal year 1998 shall be designated as an emergency
requirement pursuant to section 251(b)(2)(D)(i) of the
Balanced Budget and Emergency Deficit Control Act of 1985.
All remaining budget authority provided in this Act shall not
be available for obligation until October 1, 1998.
______

WYDEN AMENDMENT NO. 2088

(Ordered to lie on the table.)
Mr. WYDEN submitted an amendment intended to be proposed by him to
the bill, S. 1768, supra; as follows:

At the appropriate place in the bill, insert the following
new section:

SEC. . ELIMINATION OF SECRECY IN INTERNATIONAL FINANCIAL AND
TRADE ORGANIZATIONS.

The President shall instruct the United States
Representatives to the World Trade Organization, the
International Monetary Fund, the World Bank, and regional
development banks in which the United States is a member to
seek the implementation of a system of open meetings and
activities in their respective organizations. Open meetings
and activities in an organization include, but are not
limited to, a policy that--
(1) all meetings sponsored by the organization and
involving delegates from member countries are open to the
public;
(2) all activities involving voting by member countries are
open to the public; and
(3) all records of meetings and activities are made
available to the public.
______

BAUCUS AMENDMENT NOS. 2089-2090

(Ordered to lie on the table.)
Mr. BAUCUS submitted two amendments intended to be proposed by him to
the bill, S. 1768, supra; as follows:

Amendment No. 2089

On page 5, after line 23, add the following:

Cooperative State Research, Education, and Extension Service

FOOD ANIMAL RESIDUE AVOIDANCE DATABASE

For an additional amount for the Food Animal Residue
Avoidance Database, $150,000.
____

Amendment No. 2090

On page 59, between lines 7 and 8, insert the following:

SEC. . CLAIMS REGARDING PROTEIN CONTENT OF WHEAT.

(a) In General.--Notwithstanding section 2401 of title 28,
United States Code, a claim described in subsection (b) shall
be considered to be timely filed if the claim is filed with
the Secretary of Agriculture by the date that is 90 days
after the date of enactment of this Act.
(b) Claims.--Subsection (a) applies to a claim that is--
(1) filed under section 1346 of title 28, United States
Code, by a wheat producer in the United States that sold hard
red spring wheat or durum wheat during the period beginning
May 2, 1993, and ending January 24, 1994; and
(2) based on the alleged negligence of the Secretary of
Agriculture in connection with the determination of the
protein content of the wheat.
______

BAUCUS (AND BURNS) AMENDMENT NO. 2091

(Ordered to lie on the table.)
Mr. BAUCUS (for himself and Mr. Burns) submitted an amendment
intended to be proposed by them to the bill. S. 1768, supra; as
follows:

On page 59, between lines 7 and 8, insert the following:

SEC. . EXTENSION OF MARKETING ASSISTANCE LOANS.

Section 133 of the Agricultural Market Transition Act (7
U.S.C. 7233) is amended by striking subsection (c) and
inserting the following:
``(c) Extension.--The Secretary may extend the term of a
marketing assistance loan made to producers on a farm for any
loan commodity for 1 6-month period.''.
______

STEVENS AMENDMENT NO. 2092

Mr. STEVENS proposed an amendment to the bill, S. 1768, supra; as
follows:

On page 51, line 22, strike Section 2004 and insert in lieu
thereof the following:

[[Page S2493]]

SEC. 2005. PROVISIONS RELATING TO UNIVERSAL SERVICE SUPPORT
FOR PUBLIC INSTITUTIONAL TELECOMMUNICATIONS
USERS.

(a) No Inference Regarding Existing Universal Service
Administrative Mechanism.--Nothing in this section may be
considered as expressing the approval of the Congress of the
action of the Federal Communications Commission in
establishing, or causing to be established, one or more
corporations to administer the schools and libraries program
and the rural health care provider program under section
254(h) of the Communications Act of 1934 (47 U.S.C. 254(h)),
or the approval of any provision of such programs.
(b) FCC To Report to the Congress.--
(1) Report due date.--Pursuant to the findings of the
General Accounting Office (B-278820) dated February 10, 1998,
the Federal Communications Commission shall, by May 8, 1998,
submit a 2-part report to the Congress under this section.
(2) Revised structure.--The report shall propose a revised
structure for the administration of the programs established
under section 254(h) of the Communications Act of 1934 (47
U.S.C. 254(h)). The revised structure shall consist of a
single entity.
(A) Limitation on administration of programs.--The entity
proposed by the Commission to administer the programs--
(i) is limited to implementation of the FCC rules for
applications for discounts and processing the applications
necessary to determine eligibility for discounts under
section 254(h) of the Communications Act of 1934 (47 U.S.C.
254(h)) as determined by the Commission;
(ii) may not administer the programs in any manner that
requires that entity to interpret the intent of the Congress
in establishing the programs or interpret any rule
promulgated by the Commission in carrying out the programs,
without appropriate consultation and guidance from the
Commission.
(B) APA Requirements waived.--In preparing the report
required by this section, the Commission shall find that good
cause exists to waive the requirements of section 553 of
title 5, United States Code, to the extent necessary to
enable the Commission to submit the report to the Congress by
May 8, 1998.
(3) Report on funding of schools and libraries program and
rural health care program.--The report required by this
section shall also provide the following information about
the contributions to, and requests for funding from, the
schools and libraries subsidy program:
(A) An estimate of the expected reductions in interstate
access charges anticipated on July 1, 1998.
(B) An accounting of the total contributions to the
universal service fund that are available for use to support
the schools and libraries program under section 254(h) of the
Communications Act of 1934 (47 U.S.C. 254(h)) for the second
quarter of 1998.
(C) An accounting of the amount of the contribution
described in subparagraph (B) that the Commission expects to
receive from--
(i) incumbent local exchange carriers;
(ii) interexchange carriers;
(iii) information service providers;
(iv) commercial mobile radio service providers; and
(v) any other provider.
(D) Based on the applications for funding under section
254(h) of the Communications Act of 1934 (47 U.S.C. 254(h))
received as of April 15, 1998, an estimate of the costs of
providing universal service support to schools and libraries
under that section disaggregated by eligible services and
facilities as set forth in the eligibility list of the
Schools and Libraries Corporation, including--
(i) the amounts requested for costs associated with
telecommunications services;
(ii) the amounts requested for costs described in clause
(i) plus the costs of internal connections under the program;
and
(iii) the amounts requested for the costs described in
clause (ii), plus the cost of internet access;
(iv) the amount requested by eligible schools and libraries
in each category and discount level listed in the matrix
appearing at paragraph 520 of the Commission's May 8, 1997
Order, calculated as dollar figures and as percentages of the
total of all requests:
(I) the amount requested by eligible schools and libraries
in each such category and discount level to provide
telecommunications services;
(II) the amount requested by eligible schools and libraries
in each such category and discount level to provide internal
connections; and
(III) the amount requested by eligible schools and
libraries in each such category and discount level to provide
internet access.
(E) A justification for the amount, if any, by which the
total requested disbursements from the fund described in
subparagraph (D) exceeds the amount of available
contributions described in subparagraph (B).
(F) Based on the amount described in subparagraph (D), an
estimate of the amount of contributions that will be required
for the schools and libraries program in the third and fourth
quarters of 1998, and, to the extent these estimated
contributions for the third and fourth quarter exceed the
current second-quarter contribution, the Commission shall
provide an estimate of the amount of support that will be
needed for each of the eligible services and facilities as
set forth in the eligibility list of the Schools and
Libraries Corporation, and disaggregated as specified in
subparagraph (D).
(G) An explanation of why restricting the basis of
telecommunications carriers' contributions to universal
service under 254(a)(3) of the Communications Act of 1934 (47
U.S.C. 254(a)(3)) to interstate revenues, while requiring
that contributions to universal service under section 254(h)
of that Act (47 U.S.C. 254(h)) be based on both interstate as
well as intrastate revenues, is consistent with the
provisions of section 254(d) of that Act (47 U.S.C. 254(d)).
(H) An explanation as to whether access charge reductions
should be passed through on a dollar-for-dollar basis to each
customer class on a proportionate basis.
(I) An explanation of the contribution mechanisms
established by the Commission under the Commission's Report
and Order (FCC 97-157), May 8, 1997, and whether any direct
end-user charges on consumers are appropriate.
(c) Imposition of Cap on Compensation of Individuals
Employed To Carry Out the Programs.--No officer or employee
of the entity to be proposed to be established under
subsection (b)(2) of this section may be compensated at an
annual rate of pay, including any non-regular, extraordinary,
or unexpected payment based on specific determinations of
exceptionally meritorious service or otherwise, bonuses, or
any other compensation (either monetary or in-kind), which
exceeds the rate of basic pay in effect from time to time for
level I of the Executive Schedule under section 5312 of title
5, United States Code.
(d) Second-Half 1998 Contributions.--Before June 1, 1998,
the Federal Communications Commission may not--
(1) adjust the contribution factors for telecommunications
carriers under section 254; or
(2) collect any such contribution due for the third or
fourth quarter of calendar year 1998.

______

BROWNBACK AMENDMENT NO. 2093

(Ordered to lie on the table.)
Mr. BROWNBACK submitted an amendment intended to be proposed by him
to the bill, S. 1768, supra; as follows:

On page __, after line __, insert the following:

SEC. __. FULL OFFSET OF SPENDING.

Upon enactment of this Act, the Director of the Office of
Management and Budget shall reduce the nondefense
discretionary spending limits (on a pro rata basis for each
category) for budget authority for fiscal year 1999 by the
amounts required to offset budget authority provided for
fiscal year 1998 in this Act. This section shall apply to any
amount designated as emergency spending in this Act.
______

ASHCROFT AMENDMENTS NOS. 2094-2095

Ordered to lie on the table.)
Mr. ASHCROFT submittted two amendments intended to be proposed by him
to the bill, S. 1768, supra; as follows:

Amendment No. 2094

At the appropriate place insert the following:

SEC. __. ESTABLISHMENT OF, AND LIMITATION ON FUTURE CHANGES
TO, PUBLICLY-HELD FEDERAL DEBT CEILING.

(a) Establishment of Publicly-Held Federal Debt Ceiling.--
Section 3101(b) of title 31, United States Code, is amended--
(1) by striking ``(b) The face amount'' and inserting
``(b)(1) Subject to paragraph (2), the face amount'', and
(2) by adding at the end the following:
``(2) The face amount of the obligations described in
paragraph (1) not held by Government accounts may not be more
than $3,774,000,000,000 outstanding at one time.''.
(b) Point of Order Against Changes in Publicly-Held Federal
Debt Ceiling.--Title IV of the Congressional Budget Act of
1974 is amended by--
(1) redesignating section 407 as section 408; and
(2) inserting after section 406 the following:

``POINT OF ORDER AGAINST CHANGES IN PUBLICLY-HELD FEDERAL DEBT CEILING

``Sec. 407. (a) In General.--Except as otherwise provided
in this section and notwithstanding any other provision of
law, it shall not be in order in the Senate or House of
Representatives to consider any bill, resolution, or
resolution of ratification (or amendment, motion, or
conference report on that bill or resolution) that would
raise the Federal debt limit specified in section 3101(b)(2)
of title 31, United States Code, for any fiscal year.
``(b) Exception for Declaration of War.--Subsection (a)
shall not apply if a declaration of war by the Congress is in
effect.
``(c) Timing of Points of Order in the Senate.--A point of
order under subsection (a) may not be raised against a bill,
resolution, amendment, motion, or conference report while an
amendment or motion, the adoption of which would remedy the
violation of subsection (a), is pending before the Senate.
``(d) Points of Order in the Senate Against Amendments
Between the Houses.--The provision of subsection (a)

[[Page S2494]]

that establishes a point of order against an amendment also
establishes a point of order in the Senate against an
amendment between the Houses. If a point of order under
subsection (a) is raised in the Senate against an amendment
between the Houses and the point of order is sustained, the
effect shall be the same as if the Senate had disagreed to
the amendment.
``(e) Effect of a Point of Order in the Senate.--In the
Senate, if a point of order under subsection (a) against a
bill or resolution is sustained, the Presiding Officer shall
then recommit the bill or resolution to the committee of
appropriate jurisdiction for further consideration.
``(f) Waiver.--A point of order under subsection (a) may be
waived or suspended in the Senate and the House of
Representatives only by the affirmative vote of three-fifths
of the Members, duly chosen and sworn.''.
(c) Clerical Amendment.--The table of contents of the
Congressional Budget and Impoundment Control Act of 1974 is
amended in title IV by--
(1) redesignating section 407 as section 408; and
(2) inserting after the item for section 406 the following:

``Sec. 407. Point of order against changes in level of publicly-held
Federal debt.''.

(d) Effective Date.--The amendments made by this section
shall apply to fiscal years beginning after September 30,
1998.
____

Amendment No. 2095

On page 8, after line 25, insert the following new section
and renumber the remaining section accordingly:

SEC. __. ADVOCACY OF POLICIES TO ENHANCE THE GENERAL
EFFECTIVENESS OF THE INTERNATIONAL MONETARY
FUND.

The Secretary of the Treasury shall instruct the United
States Executive Director of the International Monetary Fund
to use aggressively the voice and vote of the United States
to vigorously promote policies to--
(1) increase the effectiveness of the International
Monetary Fund in promoting market-oriented reform, trade
liberalization, economic growth, democratic governance, and
social stability; and
(2) encourage the opening of markets for agricultural
commodities and products by requiring recipient countries to
make efforts to reduce trade barriers.
______

GORTON AMENDMENTS NOS. 2096-2097

(Ordered to lie on the table.)
Mr. GORTON submitted two amendments intended to be proposed by him to
the bill, S. 1768, supra; as follows:

Amendment No. 2096

At the appropriate place, insert the following:

SEC. __. LIMITATIONS ON INTERNATIONAL MONETARY FUND LOANS TO
INDONESIA.

The Secretary of the Treasury shall instruct the United
States Executive Director of the International Monetary Fund
to use the voice and vote of the United States to prevent the
extension by the International Monetary Fund of loans or
credits that would--
(1) personally benefit the President of Indonesia or any
member of the President's family, or
(2) benefit any financial institution or commercial
enterprise in which the President of Indonesia or any member
of the President's family has a financial interest.
____

Amendment No. 2097

On page __, line __ of the amendment, strike ``House of
Representatives.'' and insert the following:
House of Representatives.

SEC. __. LIMITATIONS ON INTERNATIONAL MONETARY FUND LOANS TO
INDONESIA.

LEAHY (AND OTHERS) AMENDMENT NO. 2098

Mr. LEAHY (for himself, Mr. Abraham, Mr. Levin, Mr. DeWine, Mr.
Glenn, Mr. Kohl, Mr. Gorton, Mr. Moynihan, Mr. Santorum, and Mr.
Feingold) proposed an amendment to the bill, S. 1768, supra; as
follows:

At the appropriate place, add the following:
Sec. . Section 203 of the National Sea Grant College
Program Act (33 U.S.C. 1122) is amended by--
(1) striking paragraph (5) and redesignating paragraphs (6)
through (17) as paragraphs (5) through (16);
(2) redesignating subparagraphs (C) through (F) of
paragraph (7), as redesignated, as subparagraphs (D) through
(G); and
(3) inserting after subparagraph (B) of paragraph (7), as
redesignated, the following:
``(C) Lake Champlain (to the extent that such resources
have hydrological, biological, physical, or geological
characteristics and problems similar or related to those of
the Great Lakes);''
______

CHAFEE AMENDMENT NO. 2099

(Ordered to lie on the table.)
Mr. CHAFEE submitted an amendment intended to be proposed by him to
the bill, S. 1768, supra; as follows:

On page 17, beginning on line 10, strike ``to be conducted
at full Federal expense''.
______

McCONNELL (AND OTHERS) AMENDMENT NO. 2100

Mr. McCONNELL (for himself, Mr. Hagel, Mr. Gramm, and Mr. Stevens)
proposed an amendment to the bill, S. 1768, supra; as follows:

At the appropriate place, insert the following new title:

TITLE --INTERNATIONAL MONETARY FUND

That the following sums are appropriated, out of any money
in the Treasury and otherwise appropriated, for the
International Monetary Fund for the fiscal year ending
September 30, 1998, and for other purposes, namely:

MULTILATERAL ECONOMIC ASSISTANCE

funds appropriated to the president

loans to international monetary fund

new arrangements to borrow

For loans to the International Monetary Fund (Fund) under
the New Arrangements to Borrow, the dollar equivalent of
2,462,000,000 Special Drawing Rights, to remain available
until expended; in addition, up to the dollar equivalent of
4,250,000,000 Special Drawing Rights previously appropriated
by the Act of November 30, 1983 (Public Law 98-181), and the
Act of October 23, 1962 (Public Law 87-872), for the General
Arrangements to Borrow, may also be used for the New
Arrangements to Borrow.

united states quota

For an increase in the United States quota in the
International Monetary Fund, the dollar equivalent of
10,622,500,000 Special Drawing Rights, to remain available
until expended.

GENERAL PROVISIONS

Section . Conditions for the Use of Quota Resources.--(a)
None of the funds appropriated in this Act under the heading
``United States Quota, International Monetary Fund'' may be
obligated, transferred or made available to the International
Monetary Fund until 30 days after the Secretary of the
Treasury certifies that the major shareholders of the
International Monetary Fund, including the United States,
Japan, the Federal Republic of Germany, France, Italy, the
United Kingdom, and Canada have publicly agreed to, and will
seek to implement in the Fund, policies that provide
conditions in stand-by agreements or other arrangements
regarding the use of Fund resources, requirements that the
recipient country--
(1) liberalize restrictions on trade in goods and services
and on investment, at a minimum consistent with the terms of
all international trade obligations and agreements; and
(2) to eliminate the practice or policy of government
directed lending on non-commercial terms or provision of
market distorting subsidies to favored industries,
enterprises, parties, or institutions.
(b) Subsequent to the certification provided in subsection
(a), in conjunction with the annual submission of the
President's budget, the Secretary of the Treasury shall
report to the appropriate committees on the implementation
and enforcement of the provisions in subsection (a).
(c) The United States shall exert its influence with the
Fund and its members to encourage the Fund to include as part
of its conditions of stand-by agreements or other uses of the
Fund's resources that the recipient country take action to
remove discriminatory treatment between foreign and domestic
creditors in its debt resolution proceedings. The Secretary
of the Treasury shall report back to the Congress six months
after the enactment of this Act, and annually thereafter, on
the progress in achieving this requirement.
(d) Nothing in this section shall be construed to create
any private right of action with respect to the enforcement
of its terms.
Sec. . Transparency and Oversight.--(a) Not later than 30
days after enactment of this Act, the Secretary of the
Treasury shall certify to the appropriate committees that the
Board of Executive Directors of the International Monetary
Fund has agreed to provide timely access by the Comptroller
General to information and documents relating to the Fund's
operations, program and policy reviews and decisions
regarding stand-by agreements and other uses of the Fund's
resources.
(b) The Secretary of the Treasury shall direct, and the
U.S. Executive Director to the International Monetary Fund
shall agree to--
(1) provide any documents or information available to the
Director that are requested by the Comptroller General;

[[Page S2495]]

(2) request from the Fund any documents or material
requested by the Comptroller General; and
(3) use all necessary means to ensure all possible access
by the Comptroller General to the staff and operations of the
Fund for the purposes of conducting financial and program
audits.
(c) The Secretary of the Treasury, in consultation with the
Comptroller General and the U.S. Executive Director of the
Fund, shall develop and implement a plan to obtain timely
public access to information and documents relating to the
Fund's operations, programs and policy reviews and decisions
regarding stand-by agreements and other uses of the Fund's
resources.
(d) No later than July 1, 1998 and, not later than March 1
of each year thereafter, the Secretary of the Treasury shall
submit a report to the appropriate committees on the status
of timely publication of Letters of Intent and Article IV
consultation documents and the availability of information
referred to in (c).
Sec. . Advisory Commission.--(a) The President shall
establish an International Financial Institution Advisory
Commission (hereafter ``Commission'').
(b) The Commission shall include at least five former
United States Secretaries of the Treasury.
(c) Within 180 days, the Commission shall report to the
appropriate committees on the future role and
responsibilities, if any, of the International Monetary Fund
and the merit, costs and related implications of
consolidation of the organization, management, and activities
of the International Monetary Fund, the International Bank
for Reconstruction and Development and the World Trade
Organization.
Sec. . Bretton Woods Conference.--Not later than 180 days
after the Commission reports to the appropriate committees,
the President shall call for a conference of representatives
of the governments of the member countries of the
International Monetary Fund, the International Bank for
Reconstruction and Development and the World Trade
Organization to consider the structure, management and
activities of the institutions, their possible merger and
their capacity to contribute to exchange rate stability and
economic growth and to respond effectively to financial
crises.
Sec. . Reports.--(a) Following the extension of a stand-
by agreement or other uses of the resources by the
International Monetary Fund, the Secretary of the Treasury,
in consultation with the U.S. Executive Director of the Fund,
shall submit a report to the appropriate committees providing
the following information--
(1) the borrower's rules and regulations dealing with
capitalization ratios, reserves, deposit insurance system and
initiatives to improve transparency of information on the
financial institutions and banks which may benefit from the
use of the Fund's resources;
(2) the burden shared by private sector investors and
creditors, including commercial banks in the Group of Seven
Nations, in the losses which have prompted the use of the
Fund's resources;
(3) the Fund's strategy, plan and timetable for completing
the borrower's pay back of the Fund's resources including a
date by which he borrower will be free from all international
institutional debt obligation; and
(4) the status of efforts to upgrade the borrower's
national standards to meet the Basle Committee's Core
Principles for Effective Banking Supervision.
(b) Following the extension of a stand-by agreement or
other use of the Fund's resources, the Secretary of the
Treasury shall report to the appropriate committees in
conjunction with the annual submission of the President's
budget, an account of the direct and indirect institutional
recipients of such resources: Provided, That this account
shall include the institutions or banks indirectly supported
by the Fund through resources made available by the
borrower's Central Bank.
(c) Not later than 30 days after the enactment of this Act,
the Secretary shall submit a report to the appropriate
committees of Congress providing the information requested in
paragraphs (a) and (b) for the countries of South Korea,
Indonesia, Thailand and the Philippines.
Sec. . Certifications.--(a) The Secretary of the Treasury
shall certify to the appropriate committees that the
following conditions have been met--
(1) No International Monetary Fund resources have resulted
in direct support to the semiconductor, steel, automobile, or
textile and apparel industries in any form;
(2) The Fund has not guaranteed nor underwritten the
private loans of semiconductor, steel, automobile, or textile
and apparel manufacturers; and
(3) Officials from the Fund and the Department of the
Treasury have monitored the implementation of the provisions
contained in stabilization programs in effect after July 1,
1997, and all of the conditions have either been met, or the
recipient government has committed itself to fulfill all of
these conditions according to an explicit timetable for
completion; which timetable has been provided to and approved
by the Fund and the Department of the Treasury.
(b) Such certifications shall be made 14 days prior to the
disbursement of any Fund resources to the borrower.
(c) The Secretary of the Treasury shall instruct the United
States Executive Director of the International Monetary Fund
to use the voice and vote of the Executive Director to oppose
disbursement of further funds if such certification is not
given.
(d) Such certifications shall continue to be made on an
annual basis as long as Fund contributions continue to be
outstanding to the borrower country.
Sec. . Definitions.--For the purposes of this Act,
``appropriate committees'' includes the Appropriations
Committee, the Committee on Foreign Relations, Committee on
Finance and the Committee on Banking, Housing and Urban
Affairs of the Senate and the Committee on Appropriations and
the Committee on Banking and Financial Services in the House
of Representatives.
This title may be cited as the ``1998 Supplemental
Appropriations Act for the International Monetary Fund''.

______

FRIST (AND BYRD) AMENDMENT NO. 2101

Mr. STEVENS (for Mr. Frist, for himself and Mr. Byrd) proposed an
amendment to the bill, S. 1768, supra; as follows:

At the appropriate place, insert the following:

SEC. . EXEMPTION AUTHORITY FOR AIR SERVICE TO SLOT-
CONTROLLED AIRPORTS.

(a) In General.--Section 41714(i) of title 49, United
States Code, is amended by--
(1) striking ``Certain'' in the caption;
(2) striking ``120'' and inserting ``90''; and
(3) striking ``(a)(2) to improve air service between a
nonhub airport (as defined in section 41731(a)(4)) and a high
density airport subject to the exemption authority under
subsection (a),'' and inserting ``(a) or (c),''.
(b) Effective Date.--
(1) In General.--The amendments made by subsection (a)
apply to applications for slot exemptions pending at the
Department of Transportation under section 41714 of title 49,
United States Code, on the date of enactment of this Act or
filed thereafter.
(2) Application to Pending Requests.--For the purpose of
applying the amendments made by subsection (a) to
applications pending on the date of enactment of this Act,
the Secretary of Transportation shall take into account the
number of days the application was pending before the date of
enactment of this Act. If such an application was pending for
80 or more days before the date of enactment of this Act, the
Secretary shall grant or deny the exemption to which the
application relates within 20 calendar days after that date.
______

GORTON (AND GREGG) AMENDMENT NO. 2102

Mr. GORTON (for himself and Mr. Gregg) proposed an amendment to the
bill, S. 1768, supra; as follows:

At the appropriate place, insert the following:

SEC. __. LIMITATIONS ON INTERNATIONAL MONETARY FUND LOANS TO
INDONESIA.

FAIRCLOTH AMENDMENT NO. 2103

Mr. FAIRCLOTH proposed an amendment to the bill, S. 1768, supra; as
follows:

At the appropriate place, add the following:

SEC. __. EDUCATION STABILIZATION LOANS AND FUND.

(a) Loans.--
(1) In general.--The Secretary of Education (referred to in
this subsection as the ``Secretary'') shall make loans to
States for the purpose of constructing and modernizing
elementary schools and secondary schools.
(2) Terms.--The Secretary shall make low interest, long-
term loans, as determined by the Secretary, under paragraph
(1). The Secretary shall determine the eligibility
requirements for, and the terms of, any loan made under
paragraph (1).
(3) Allocation of funds.--The Secretary shall determine a
formula for allocating the funds made available under
subsection (b)(4) to States for loans under paragraph (1).
The Secretary shall ensure that the formula provides for the
allocation of funds for such loans to each eligible State. In
determining the formula, the Secretary shall take into
consideration the need for financial assistance of States
with significant increases in populations of elementary
school and secondary school students.
(4) Definitions.--In this subsection, the terms
``elementary school'' and ``secondary school'' have the
meanings given the terms in section 14101 of the Elementary
and Secondary Education Act of 1965 (20 U.S.C. 8801).
(b) Fund.--
(1) Establishment.--There is established in the Treasury of
the United States a trust fund, to be known as the
``Education Stabilization Fund'', consisting of the amounts

[[Page S2496]]

transferred to or deposited in the Trust Fund under paragraph
(2) and any interest earned on investment of the amounts in
the Trust Fund under paragraph (3).
(2) Transfers and deposits.--
(A) Transfer.--The Secretary of the Treasury shall transfer
to the Trust Fund an amount equal to $5,000,000,000 from the
stabilization fund described in section 5302 of title 31,
United States Code.
(B) Deposits.--There shall be deposited in the Trust Fund
all amounts received by the Secretary of Education incident
to loan operations under subsection (a), including all
collections of principal and interest.
(3) Investment of trust fund.--
(A) In general.--The Secretary of the Treasury shall invest
the portion of the Trust Fund that is not, in the Secretary's
judgment, required to meet current withdrawals.
(B) Obligations.--Such investments may be made only in
interest-bearing obligations of the United States or in
obligations guaranteed as to both principal and interest by
the United States. For such purpose, such obligations may be
acquired--
(i) on original issue at the issue price; or
(ii) by purchase of outstanding obligations at the market
price.
(C) Purposes for obligations of the united states.--The
purposes for which obligations of the United States may be
issued under chapter 31 of title 31, United States Code, are
extended to authorize the issuance at par of special
obligations exclusively to the Trust Fund.
(D) Interest.--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 \1/8\ of 1 percent, the rate of interest of such
special obligations shall be the multiple of \1/8\ of 1
percent next lower than such average rate.
(E) Determination.--Such special obligations shall be
issued only if the Secretary of the Treasury 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 on original issue
or at the market price, is not in the public interest.
(F) Sale of obligation.--Any obligation acquired by the
Trust Fund (except special obligations issued exclusively to
the Trust 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.
(G) Credits to trust fund.--The interest on, and the
proceeds from the sale or redemption of, any obligations held
in the Trust Fund shall be credited to and form a part of the
Trust Fund.
______

GRAMM (AND SANTORUM) AMENDMENT NO. 2104

Mr. GRAMM (for himself and Mr. Santorum) proposed an amendment to the
bill, S. 1768, supra; as follows:

At the appropriate place, insert the following:
Sec. .Notwithstanding any other provision of this Act or
any other provision of law, only that portion of budget
authority provided in this Act that is obligated during
fiscal year 1998 shall be designated as an emergency
requirement pursuant to section 251(b)(2)(D)(i) of the
Balanced Budget and Emergency Deficit Control Act of 1985.
All remaining budget authority provided in this Act shall not
be available for obligation until October 1, 1998.

____________________