Foreign Aid Reduction and Reform Act of 1992

[AI summary unavailable — showing source text] Foreign Aid Reduction and Reform Act of 1992 - Declares the policy of the Congress that: (1) humanitarian aid to foreign nations should continue to be provided in the form of grants; (2) foreign aid to military and economic development purposes should be converted to loans, rather than grants; and (3) the conversion should be implemented over a reasonable period of time, in recognition of prior commitments and managerial efficiency. Title I: Foreign Operations, Export Financing, and Related Programs - Rescinds FY 1993 funds made available to the President for the Agency for International Development for: (1) population, development assistance; (2) operating expenses; (3) the housing guaranty program account; (4) the economic support fund; (5) the international fund for Ireland; (6) Philippines assistance; (7) assistance for Eastern Europe and the Baltic States; and (8) assistance for Russia and emerging Eurasian democracies. Rescinds funds made available to the African Development Foundation and the Inter-American Foundation. Provides supplemental FY 1993 funds to the: (1) Overseas Private Investment Corporation Program account; (2) the Peace Corps; and (3) the Department of State …