SRES 397
99th Congress
Senate
Finance and Financial Sector
Development credit institutions
Exports
Foreign Trade and International Finance
Foreign Trade and Investments
International agencies
Subsidies
A resolution expressing the sense of the Senate regarding the lending practices of multilateral development banks.
Introduced: May 7, 1986
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 1986
Referred to the Committee on Foreign Relations.
May 7, 1986
Introduced in Senate
Plain-English summary
Expresses the sense of the Senate that the Secretary of the Treasury should instruct each U.S. Executive Director of various multilateral development banks to urge such banks, when considering the approval of a loan, to: (1) avoid lending practices that encourage the use of export subsidies to gain export sales; (2) encourage open access to markets; (3) follow the instruction of the law with respect to loans used for increasing production of commodities; (4) adhere to the purposes of the charter of such banks; and (5) oppose loans which result in the production of commodities in oversupply.
What's happening now
Referred to the Committee on Foreign Relations.
Committees of jurisdiction
1
Cosponsors
1