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United States · Bill · HR

H.R. 1221 (103rd)

Debt for Democracy Act of 1993

referredUnited States· United States Congress· EN

Introduced

4 March 1993

Last action

Status

Referred to the Subcommittee on Europe and the Middle East.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Debt for Democracy Act of 1993 - Authorizes the President to reduce the amount of qualifying debt owed to the U.S. Government by, and make donations of grain to, an independent state of the former Soviet Union that enters into an agreement to: (1) dismantle nuclear weapons or other military-related objects and facilities; or (2) grant an equity interest in a state-owned enterprise equal to the amount of debt reduction to a nongovernmental business entity in the United States that agrees to repay the amount of debt that has been reduced. Defines a "qualifying debt" as a debt resulting from activities under authority of the Secretary of Agriculture, the Commodity Credit Corporation, or any Department of Agriculture entity.

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Documents

3 official files

Introduced in House (text)

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Sources

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