H.R. 4059 · 102nd Congress · enacted
Enterprise for the Americas Initiative Act of 1992
Became Public Law No: 102-532.
Latest official action 1992-10-27 · Enacted
The bill, briefly
Enterprise for the Americas Initiative Act of 1992 - Amends the Agricultural Trade Development and Assistance Act of 1954 to authorize the President to sell to a Latin American or Caribbean country up to 40 percent of its qualified, Paris Club-rescheduled debt (owed to the U.S. Department of Agriculture's Commodity Credit Corporation for export credit guarantee purchases of U.S. agricultural commodities), but only if such country uses a certain amount of its local currency (computed according to a specified formula), other than the price paid for the debt through an Environmental Fund for certain eligible activities. (Designates the Environmental Fund for Mexico the Good Neighbor Environmental Fund for the Border.) Authorizes the President, in order to facilitate eligible debt swaps, to sell, reduce, or cancel such debts. Requires the Secretaries of State and of the Treasury to notify designated congressional committees before formal negotiations for such debt relief. Requires them to submit to such committees a consolidated annual statement of the budgetary implications of all debt relief agreements entered into under this Act. Amends the Agricultural Trade Development and Assistance Act of 1954 to require the President's annual report to the Congress to include, among other things, a: (1) description of activities of the Enterprise for the Americas Facility during the previo…
Congressional Research Service · 1992-10-02
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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PAC donors to the listed sponsors
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What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.