S.Amdt. 1815
What it does: Adds Sec. 2313. (a) The funds appropriated in title II under the subheading "Iraq Relief and Reconstruction Fund" under the heading "OTHER BILATERAL ECONOMIC ASSISTANCE FUNDS APPROPRIATED TO THE PRESIDENT", other than such funds allocated for security, may not be obligated or expended before each country that is owed bilateral debt incurred by the regime of Saddam Hussein forgives such debt on page 38, between lines 20 and 21
Sen. Evan Bayh (D-IN)What it changes
1 change to S. 1689
Adds Sec. 2313. (a) The funds appropriated in title II under the subheading "Iraq Relief and Reconstruction Fund" under the heading "OTHER BILATERAL ECONOMIC ASSISTANCE FUNDS APPROPRIATED TO THE PRESIDENT", other than such funds allocated for security, may not be obligated or expended before each country that is owed bilateral debt incurred by the regime of Saddam Hussein forgives such debt on page 38, between lines 20 and 21
Adds a sectionPrinted pageInserted: Sec. 2313. (a) The funds appropriated in title II under the subheading "Iraq Relief and Reconstruction Fund" under the heading "OTHER BILATERAL ECONOMIC ASSISTANCE FUNDS APPROPRIATED TO THE PRESIDENT", other than such funds allocated for security, may not be obligated or expended before each country that is owed bilateral debt incurred by the regime of Saddam Hussein forgives such debt.
Inserted: (b) On the date that is 180 days after the date of the enactment of this Act, any funds referred to in subsection (a) that have not been obligated or expended by reason of the limitation in such subsection shall be transferred to an account to be available to the President for use as a loan to the Governing Council in Iraq, as described in subsection (c).
Inserted: (c)(1) The President is authorized to use any amount transferred under subsection (b) to make loans to the Governing Council in Iraq. Any such loan shall be made under a loan agreement that--
Inserted: (A) is fairly negotiated between the Government of the United States and the Governing Council in Iraq; and
Inserted: (B) includes a provision that requires any debt incurred by the regime of Saddam Hussein to be subordinated to the debt incurred through the receiving of a loan under this subsection.
Inserted: (2) The purposes for which the proceeds of loans made under paragraph (1) are used may include reconstruction in Iraq.
Inserted: (d) In this section, the term "Governing Council in Iraq" means the Governing Council established in Iraq on July 13, 2003, or any successor governing authority in Iraq.
Original wording
On page 38, between lines 20 and 21, insert the following new section:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1815. Mr. BAYH (for himself and Mr. Nelson of Nebraska) submitted an amendment intended to be proposed by him to the bill S. 1689, making emergency supplemental appropriations for Iraq and Afghanistan security and reconstruction for the fiscal year ending September 30, 2004, and for other purposes; which was ordered to lie on the table; as follows:
On page 38, between lines 20 and 21, insert the following new section:
Sec. 2313. (a) The funds appropriated in title II under the subheading “Iraq Relief and Reconstruction Fund” under the heading “OTHER BILATERAL ECONOMIC ASSISTANCE FUNDS APPROPRIATED TO THE PRESIDENT”, other than such funds allocated for security, may not be obligated or expended before each country that is owed bilateral debt incurred by the regime of Saddam Hussein forgives such debt.
(b) On the date that is 180 days after the date of the enactment of this Act, any funds referred to in subsection (a) that have not been obligated or expended by reason of the limitation in such subsection shall be transferred to an account to be available to the President for use as a loan to the Governing Council in Iraq, as described in subsection (c).
(c)(1) The President is authorized to use any amount transferred under subsection (b) to make loans to the Governing Council in Iraq. Any such loan shall be made under a loan agreement that--
(A) is fairly negotiated between the Government of the United States and the Governing Council in Iraq; and
(B) includes a provision that requires any debt incurred by the regime of Saddam Hussein to be subordinated to the debt incurred through the receiving of a loan under this subsection.
(2) The purposes for which the proceeds of loans made under paragraph (1) are used may include reconstruction in Iraq.
(d) In this section, the term “Governing Council in Iraq” means the Governing Council established in Iraq on July 13, 2003, or any successor governing authority in Iraq.
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Senate amendment submitted
October 2, 2003