Skip to main content
HR 3836 107th Congress House International Affairs Agricultural credit Agriculture and Food Agriculture in foreign trade Americans employed in foreign countries Armed Forces and National Security Arms control Arms control agreements Arms sales Auditing Commerce Congress Congress and foreign policy Congressional oversight Congressional reporting requirements Crime and Law Enforcement Debt agreements Debt relief Department of the Treasury Economics and Public Finance

Russian Federation Debt Reduction for Nonproliferation Act of 2002

Introduced: March 4, 2002 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 2002
Referred to the House Committee on International Relations.
Mar 4, 2002
Introduced in House
 Plain-English summary Congressional Research Service
Russian Federation Debt Reduction for Nonproliferation Act of 2002 - Establishes within the Department of the Treasury the "Russian Nonproliferation Investment Facility" for the purpose of providing for the administration of Soviet-era debt reduction.

Authorizes the President to: (1) reduce the amount of outstanding Soviet-era debt owed by the Russian Federation to the United States (including any credits extended under the Agricultural Trade Development and Assistance Act of 1954); (2) sell to eligible purchasers outstanding Soviet-era debts for the purpose of facilitating debt-for-nonproliferation exchanges; and (3) sell any related loan or credit to the Russian Federation itself (debt buyback). Conditions any debt reduction on an agreement with the Russian Federation concerning the use of funds saved by that country as a result of debt relief, including devotion of a significant proportion to nonproliferation programs and projects.

Prohibits the exercise of any debt reduction authority under this Act unless and until the President certifies to Congress that the Russian Federation has made material progress in stemming the flow of sensitive goods, technologies, material and know-how related to the design, development, and production of weapons of mass destruction to countries that have provided support for acts of international terrorism.

Authorizes the President to institute discussions with the Paris Club of creditor states to negotiate debt-for-nonproliferation exchanges with the Russian Federation.

What's happening now March 4, 2002

Referred to the House Committee on International Relations.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2