A bill to establish a foreign currency fluctuation account within the American Battle Monuments Commission.

Summary

Establishes in the Treasury the Foreign Currency Fluctuations, American Battle Monuments Commission, Account. States that funds from the Account shall be used by the American Battle Monuments Commission to eliminate losses due to fluctuations in currency exchange rates of foreign countries which occur after a budget request for the Commission is submitted to the Congress. Requires any limits applicable to Commission obligations to be adjusted to account for any such foreign currency fluctuations. Authorizes funds originally transferred from the Account to be transferred back to the Account if foreign currency fluctuations permit such action. Allows unobligated balances of funds appropriated to the Commission and provided for a fiscal year to be transferred into the Account within a specified time, to be merged with and available for the same period and purposes as the Account. Directs the Secretary of the Treasury to report to the Congress annually on funds made available under this provision. Authorizes appropriations to the Account.

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1 official file

• Introduced in House

  summary · EN · 10 June 1987

  Open at official source

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