Coral Reef and Coastal Marine Conservation Act of 2005
Official title: To amend the Foreign Assistance Act of 1961 to provide for debt relief to developing countries that take action to protect critical coral reef habitats.
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Committee Agreed to Seek Consideration Under Suspension of the Rules, by Unanimous Consent.
Coral Reef and Coastal Marine Conservation Act of 2005 - Amends the Foreign Assistance Act of 1961 to establish in the Department of the Treasury the Coral Reef and Other Coastal Marine Resources Facility.
Authorizes the President: (1) through the exchange by the Facility of new obligations for outstanding obligations of an eligible Latin American or Caribbean country with a coral reef or other coastal marine resource, to reduce the amount of concessional loans owed by the country to the United States as of January 1, 2005; and (2) to sell, reduce, or cancel such loans to facilitate a debt-for-nature swap or a debt buyback with an eligible purchaser or country to support coral reef and other coastal marine resource conservation.
Requires each beneficiary country that has entered into a Coral Reef and Other Coastal Marine Resources Agreement with the Secretary of State to establish a Coral Reef and Other Coastal Marine Resources Fund to receive payments of interest on new obligations undertaken by the country to provide grants for coral reef and other coastal marine resource conservation projects.
- Introduced in House Formatted Text PDF Formatted XML
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U.S. Congress. (2026). H.R. 1996: Coral Reef and Coastal Marine Conservation Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1996/
"H.R. 1996: Coral Reef and Coastal Marine Conservation Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1996/.
H.R. 1996, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1996/.
[H.R. 1996: Coral Reef and Coastal Marine Conservation Act of 2005](https://openamerica.io/bill/109-HR-1996/)