A bill to direct the President to seek certain revisions of the Social Progress Trust Fund Agreement and to establish an Inter-American Fund for Educational Development.

[AI summary unavailable — showing source text] Directs the President to seek certain revisions of the Social Progress Trust Fund Agreement with respect to transfer of capital to the Inter-American Fund for Educational Development, established by this Act to furnish educational opportunities in Latin America. Requires the establishment of regional councils within the Fund to review Fund programs. Authorizes appropriations to administer the Fund, under certain conditions.…