James P. Grant World Summit for Children Implementation Act of 1997

James P. Grant World Summit for Children Implementation Act of 1997 - Authorizes appropriations for FY 1998 and 1999 for contributions to the United Nations Children's Fund.

Amends the Foreign Assistance Act of 1961 to authorize appropriations for FY 1998 and 1999 for the Child Survival Fund. Earmarks funds for activities that have a direct measurable impact on reducing rates of child death and disease.

Directs the Administrator of the United States Agency for International Development to report to the Congress on the progress to significantly increase the level of funding to private and voluntary organizations conducting community-based child survival programs.

Expresses the sense of the Congress that authority should be granted to the President to exercise specified debt forgiveness authority for least developed countries that are pursuing economic policy reforms to promote long-term development.

Earmarks development assistance funds for FY 1998 and 1999 for the Vitamin A Deficiency Program. Authorizes additional appropriations for FY 1998 and 1999 for: (1) iodine and iron deficiency prevention programs; (2) prevention and control programs related to human immunodeficiency virus and acquired immune deficiency syndrome in developing countries; and (3) population assistance programs.

Earmarks development and economic assistance funds for FY 1998 and 1999 for programs in support of basic education.

Expresses the sense of the Congress that specified amounts should be appropriated for FY 1998 and 1999 for migration and refugee assistance.

Authorizes appropriations for FY 1998 and 1999 for the prevention of the global spread of tuberculosis.

Requires the President to call upon other governments to provide their share of resources required to achieve the World Summit for Children goals by the year 2000.