A bill to authorize the President to agree to certain amendments to the Agreement Between the Government of the United States of America and the Government of the United Mexican States Concerning the Establishment of a Border Environment Cooperation Commission and a North American Development Bank.

        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 449 Introduced in Senate (IS)]

108th CONGRESS
1st Session
S. 449

To authorize the President to agree to certain amendments to the
Agreement Between the Government of the United States of America and
the Government of the United Mexican States Concerning the
Establishment of a Border Environment Cooperation Commission and a
North American Development Bank.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

February 26, 2003

Mrs. Hutchison introduced the following bill; which was read twice and
referred to the Committee on Foreign Relations

_______________________________________________________________________

A BILL

To authorize the President to agree to certain amendments to the
Agreement Between the Government of the United States of America and
the Government of the United Mexican States Concerning the
Establishment of a Border Environment Cooperation Commission and a
North American Development Bank.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. AUTHORIZATION TO CERTAIN AMENDMENTS REGARDING NORTH AMERICAN
DEVELOPMENT BANK.

(a) In General.--Part 2 of subtitle D of title V of the North
American Free Trade Agreement Implementation Act (22 U.S.C. 290m et
seq.) is amended by inserting after section 543 the following new
section:

``SEC. 543A. AUTHORIZATION TO AMEND COOPERATION AGREEMENT.

``The President is authorized to instruct the United States
representative to the Bank to vote for or otherwise agree to amendments
to the Cooperation Agreement that would--
``(1) authorize the Bank, with the approval of its Board of
Directors, to make grants and non-market rate loans out of its
paid-in capital, if the grants are structured only as co-
financing to pay a portion of the recipient's debt service on
debt financing for the project for which the grant is made; and
``(2) amend the definition of `border region' to include
the area in the United States that is within 100 kilometers of
the international boundary between the United States and
Mexico, and the area in Mexico that is within 300 kilometers of
the international boundary between the United States and
Mexico.''.
(b) Conforming Amendment.--The table of contents for the North
American Free Trade Agreement Implementation Act is amended by
inserting after the item relating to section 543, the following new
item:

``Sec. 543A. Authorization to amend Cooperation Agreement.''.
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