To provide for the deobligation of certain unexpended balances of funds made available for foreign economic assistance.

Summary

Requires the annual congressional presentation materials for foreign economic assistance to include: (1) an identification of any foreign economic assistance funds that, as of September 30 of the preceding fiscal year, had been obligated for a period of two years or more but had not been expended; (2) a certification that the purposes for which such funds were obligated remain valid; and (3) with respect to each project for which such funds remain unexpended, the justification for such funds not having been expended. Directs the Inspector General of the Agency for International Development (AID), as soon as possible after the submission regarding unexpended balances is made, to submit to the appropriate congressional committees: (1) recommendations for reducing the amount of such balances; and (2) comments with regard to justifications for unexpended balances. Requires the President, at the beginning of each fiscal year, to deobligate and return to the Treasury any foreign economic assistance funds that, as of the end of the preceding fiscal year, have been obligated for a period of more than three years but have not been expended. Exempts funds described by the Foreign Assistance Act of 1961 that may be used for winding up programs. Authorizes the President to waive such requirement, on a case-by-case basis, if he reports to the appropriate congressional committees that the funds: (1) are being used for a construction project that requires more than three years to complete; or (2) have not been expended because of unforeseen circumstances. Provides for comments by the AID Inspector General on such report.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 January 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 January 1995

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.