Nicaragua Property Dispute Settlement Act Of 2003
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 868) to amend section 527 of the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995 to require that certain claims for expropriation by the Government of…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 868) to amend section 527 of the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995 to require that certain claims for expropriation by the Government of Nicaragua meet certain requirements for purposes of the prohibition on foreign assistance to that government.
Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days within which to revise and extend their remarks and include extraneous material on the bill under consideration.
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, section 527 of the ``Foreign Relations Authorization Act, fiscal years 1994 and 1995,'' sanctions or stops certain U.S. bilateral assistance and U.S. support for assistance from International Financial Institutions for a government of a country that has confiscated a U.S. citizen's property. Nicaragua sadly falls amongst these rules of section 527, but has received Presidential waivers of the sanctions every year since the legislation was enacted.
American citizens have had nearly 12 years to come forward to file property claims with the American embassy. This bill amends section 527 to afford American citizens a reasonable opportunity to file a claim with the American embassy in Managua.
Any American citizen who has not yet filed a property claim with the American embassy will have 120 days after the notice is published in the Federal Register to do so. Any claims already on file or that are filed within the 120-day period can continue to be considered by the State Department in making its annual determination as to whether to apply the waiver or the sanctions authorized under section 527.
This bill would not, however, prevent American citizens from filing property
claims after the 120-day period and seeking help from the American embassy in Managua to engage on their behalf with the Government of Nicaragua regarding their claim.
At the same time, the bill sets a date certain that the Nicaraguan government can look to as an end date for registering new property cases for the purpose of the prohibition on assistance currently in law. This will provide important encouragement for the government of President Enrique Bolanos, who is an ally of the United States. Nicaragua is one of the poorest countries in the Western Hemisphere and continued American assistance to Nicaragua is vitally important.
Mr. Speaker, the Government of Nicaragua has incurred $236 million in debt to pay these claims. The Bush administration supports the bill. I also want to thank my friend, the gentleman from Massachusetts (Mr. Delahunt), for cosponsoring this bill with me. I urge my colleagues to support this resolution.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I yield back the balance of my time.
Mr. Speaker, on that I demand the yeas and nays.