Foreign Assistance Act

Summary

Foreign Assistance Act - Title I: Middle East Peace - States that the Congress recognizes that a peaceful settlement in the Middle East is essential to the security of the United States and world peace and that assistance programs in the Middle East can contribute to such a peaceful settlement. Authorizes the President to furnish assistance under the Foreign Assistance Act of 1961, and to furnish credits and guarantees under the Foreign Military Sales Act. Sets forth the levels of military assistance and security supporting assistance appropriations intended for Middle East programs. Authorizes the appropriation to the President of $100,000,000 for fiscal year 1975 to meet special requirements arising from time to time in carrying out the purposes of this Act. Repeals the prohibition of assistance to the United Arab Republic absent findings by the President that such assistance is in the national interest. Provides for funds to settle the deficit of the United Nations Relief and Works Agency for Palestine Refugees upon a determination that a reasonable number of other nations will contribute their fair share to such fund. Provides that the funds authorized by this Act may not be used to finance the construction, operation, and maintenance of nuclear powerplants. Title II: Indochina Aid - Authorizes appropriations for relief and reconstruction of South Vietnam, Cambodia, and Laos. Authorizes assistance to Vietnamese orphans for fiscal year 1975. Provides that not more than $85,000,000 may be made available for the procurement of agricultural fertilizers for South Vietnam. Title III: Other Foreign Assistance Act Amendments - Increases the authorization of appropriations for the alleviation of starvation, hunger, and malnutrition. Authorizes $165,000,000 for fiscal year 1975 for population planning and health services. Extends the termination date of the housing guaranty authority from June 30, 1975 to June 30, 1976. Increases the appropriations authorized for International Organizations and Programs by $4,400,000 for fiscal year 1975. Authorizes the appropriation of $745,000,000 for military assistance for fiscal year 1975. Authorizes funds to enable Latin American countries to carry out agricultural credit and self-help community development projects for which such countries are unable to obtain loans on reasonable terms. Provides that, except in extraordinary circumstances, the President shall substantially reduce or terminate security assistance to any government which consistently engages in gross violations of internationally recognized human rights. Authorizes appropriations for fiscal year 1975 for security supporting assistance of $585,000,000. Suspends military assistance to Turkey until that country makes a good faith attempt to negotiate a settlement with respect to Cyprus. Suspends military assistance to Chile for fiscal year 1975. Authorizes the President to provide famine or disaster relief assistance to any foreign country on such terms and conditions as he may determine up to an aggregate limit of $15,000,000. Authorizes to be appropriated to the President up to $5,000,000 to provide emergency assistance authorized by this Act. States that no funds appropriated under this Act shall be used by the Central Intelligence Agency for other than necessary operations in foreign countries. Provides limitations on assistance to India and Korea for fiscal year 1975. Title IV: Foreign Military Sales Act Amendments - Revises the provisions of the Foreign Military Sales Act which relate to the ineligibility for further sales, credits, and guaranties of countries that violate foreign military sales agreements by specifying the conditions under which such countries may again receive assistance under the Act. Authorizes foreign military sales guarantees to be issued to the Federal Financing Bank. Authorizes the appropriation of $405,000,000 for fiscal year 1975 to carry out the purposes of the Foreign Military Sales Act and establishes a ceiling of $772,500,000 for fiscal year 1975 on the aggregate of credits and the principal amount of loans guaranteed, of which not less than $200,000,000 shall be made available for Israel. Repeals, under the Foreign Act, the ceiling in military assistance, foreign military sales credits and guarantees and vessel transfers to Latin America. Authorizes the President to waive the ceiling on assistance and sales to African countries. Title V: Amendments To Other Laws and Miscellaneous - Directs the President to study the feasibility of raising foreign assistance, foreign credits, or investment guarantees to develop open access for all nations to necessary or strategic raw materials throughout the world at a reasonable cost. Authorizes the Commonwealth of Puerto Rico to conclude an agreement of accession with the Caribbean Development Bank and to assume rights and obligations pursuant to each agreement.

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2 official files

• Reported to House with amendment(s)

  summary · EN · 25 October 1974

  Open at official source

• Introduced in House

  summary · EN · 10 October 1974

  Open at official source

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