Foreign Assistance Act

[AI summary unavailable — showing source text] Foreign Assistance Act - Authorizes appropriations under the Foreign Assistance Act of 1961 for bilateral development assistance programs, including those intended to alleviate hunger, increase family planning, extend basic education, and solve social development problems. Authorizes appropriations to assist schools, libraries, and hospitals located outside the United States that are sponsored or founded by United States citizens. Increases the worldwide housing investment guaranty ceiling from $355,000,000 to $505,000,000. Extends the duration of the housing investment guaranty program through the end of fiscal year 1978. Creates under such Act a new title XII (International Agricultural Research) which authorizes and funds an expanded and sustained international agricultural research program. States the sense of Congress that agricultural research bearing on developing country food production, distribution, storage and marketing, in the network of internationally-oriented research institutions, must be substantially and rapidly expanded, on a continued and longer-range basis. Expresses the commitment of the U.S. to the expansion of such research, in order to promote the necessary…