Japan-United States Friendship Act

[AI summary unavailable — showing source text] Japan-United States Friendship Act - Declares it to be the purpose of this Act to provide for the use of part of the sums to be paid by Japan to the United States in connection with the reversion of Okinawa to Japanese administration in order to enhance the understanding and support of the close friendship and mutuality of interest between our two nations. Establishes in the Treasury of the United States a trust fund to be known as the Japan-United States Friendship Trust Fund. Requires such amounts in the fund to be used for the promotion of scholarly, cultural, and artistic activities between Japan and the United States. Provides that amounts in the fund may also be used to pay administrative expenses of the Japan-United States Friendship Commission. Establishes such Commission and authorizes it to develop and carry out programs for the promotion of scholarly, cultural and artistic activities by Japan and the United States, and to make grants to carry out such programs. Makes administrative provisions to enable the Commission to carry out its functions under this Act. States that the Japan-United States Friendship Trust Fund shall consist of: (1) 10 percent of the funds paid to t…