HR 3439
101th Congress
House
International Affairs
Foreign loans
Multilateral development banks
Narcotic traffic
To direct the Secretary of the Treasury to instruct the United States representatives to the multilateral development banks to consider, in voting on any debt reduction loan to a country, the country's progress in reducing drug trafficking.
Introduced: October 11, 1989
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 16, 1989
Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy.
Oct 11, 1989
Introduced in House
Oct 11, 1989
Referred to the House Committee on Banking, Finance + Urban Affrs.
Plain-English summary
Directs the Secretary of the Treasury to: (1) instruct the U.S. Executive Director of each multilateral development bank to vote to give preference for debt reduction loans to those countries which show marked improvement in reducing the volume of cultivation, processing, trafficking, and export to the United States of illegal drugs; and (2) include in the detailed accounting required by the International Narcotics Control Act of 1986 a discussion of the steps taken to achieve the goals of this Act.
What's happening now
Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy.
Committees of jurisdiction
2