Debt Emancipation to Enable Democracies (DEED) Act of 1999

[AI summary unavailable — showing source text] Debt Emancipation to Enable Democracies (DEED) Act of 1999 - Directs the President to cancel all amounts owed to the United States by an eligible heavily indebted poor country (HIPC) and Haiti as a result of concessional and nonconcessional loans made, guarantees issued, or credits extended under any provision of law. Sets forth eligibility requirements for cancellation of debt for a HIPC. (Sec. 4) Provides that cancellation of debt shall not be considered assistance for purposes of any law limiting assistance to a country. (Sec. 5) Prohibits funds appropriated in this Act from being made available to the International Monetary Fund (IMF) until it: (1) has canceled all debts owed to the IMF by an eligible HIPC and Haiti; (2) has terminated the Enhanced Structural Adjustment Facility; and (3) the Secretary of the Treasury has certified to specified congressional committees that such debts have been canceled, and the IMF has ceased linking loans to an eligible HIPC and Haiti to implementation of structural adjustment policies. (Sec. 6) Amends the Foreign Assistance Act of 1961 to authorize the Overseas Private Investment Corporation (OPIC) to issue insurance, guaranties, or reinsuran…