HR 5537 · 99th Congress · Foreign Trade and International Finance
Foreign Agricultural and Mineral Investment Reform Act of 1986
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on International Development Institutions and Finance.(1986-09-17)
Plain Language Summary
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Foreign Agricultural and Mineral Investment Reform Act of 1986 - Directs the Secretary of the Treasury to instruct the U.S. Executive Directors of the multilateral development banks to oppose any aid by those banks for the production or extraction of any commodity or mineral for export if: (1) such commodity or mineral is in surplus on world markets; and (2) the export of such commodity or mineral would cause substantial injury to competing U.S. producers. Reduces the U.S. contribution to such institutions by a proportionate amount if such institutions provide assistance for such exports. Requires that any funds withheld from such institutions shall be used to reduce the public debt.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
1 Democrat19 Republicans