International Development and Growth Act of 1985

Summary

International Development and Growth Act of 1985 - Title I: - Sets forth the findings and purposes of this Act. Title II: Policy and Presidential Mandate - Declares that achievement of an orderly movement toward lower exchange rates for the dollar is a primary objective of U.S. economic policy. Directs the President to pursue: (1) negotiations with U.S. trading partners regarding the high value of the dollar on exchange markets; and (2) steps to secure necessary commitments for actions from such countries to help moderate the dollar in international exchange markets. Directs the Federal Reserve Board to consider actions in coordination with the central banks of U.S. trading partners to lower dollar exchange rates. Title III: Commission on International Development - Establishes the Commission on International Development which shall make recommendations to the President and the Congress concerning: (1) changes in U.S. fiscal and monetary policies which will encourage international economic growth and stimulate the volume of international trade; (2) actions which should be taken to stimulate growth of developing economies and to counteract the adverse effects which the high level of international debt is having on developing economies and the U.S. trade imbalance; (3) the restructuring of the international monetary system and the system of international trade finance; (4) new institutional mechanisms to stretch out developing country debt to longer term maturities; and (5) expanded roles for private banks and existing multilateral development institutions. Sets forth administrative provisions governing the Commission. Authorizes appropriations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 April 1985

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 1 April 1985

   Referred

   Referred to Subcommittee on International Development Institutions and Finance.

   Source: Committee

3. 1 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

5. 4 April 1985

   Referred

   Referred to Subcommittee on Trade.

   Source: Committee

6. 12 April 1985

   Referred

   Referred to Subcommittee on International Economic Policy and Trade.

   Source: Committee

7. 29 April 1986

   Committee

   For Further Action See H.R.4708.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 April 1985

  Open at official source

Sponsors

• Rep. Lundine, Stanley N. [D-NY-34] · D · Sponsor
• Rep. Bonior, David E. [D-MI-10] · D · Sponsor
• Rep. Nowak, Henry [D-NY-33] · D · Cosponsor
• Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
• Rep. Levine, Mel [D-CA-27] · D · Cosponsor
• Rep. Stokes, Louis [D-OH-11] · D · Cosponsor
• Rep. Wheat, Alan [D-MO-5] · D · Cosponsor
• Sen. Durbin, Richard J. [D-IL] · D · Cosponsor
• · hsfa00 · Standing
• · hswm00 · Standing
• · hsba00 · Standing

Related records

• related to ← Export Enhancement Act of 1986