Relative to the establishment of a United States- Egypt Friendship Endowment.

SA 2726. Mr. GREGG submitted an amendment intended to be proposed by him to the bill H.R. 2764, making appropriations for the Department of State, foreign operations, and related programs for the fiscal year ending September 30, 2008, and for other purposes; as follows:

Insert where appropriate:

UNITED STATES-EGYPT FRIENDSHIP ENDOWMENT

Sec.__. Of the funds appropriated by this Act and prior Acts making appropriations for foreign operations, export financing, and related programs under the heading “Economic Support Fund” that are available for assistance for Egypt, up to $500,000,000 may be made available for an endowment to further social, economic and political reforms in Egypt: Provided, That the Secretary of State shall consult with the Committees on Appropriations on the establishment of such an endowment and appropriate benchmarks for the uses of these funds.