Invest in America Act

Summary

Invest in America Act - Encourages the President to enter into an agreement with each European member nation of the North Atlantic Treaty Organization (NATO) in which U.S. armed forces are stationed to provide for payment by such nation of at least one-half of the cost of maintaining U.S. troops there, including personnel compensation costs. Establishes in the Treasury the Invest in America Fund and requires deposits into the Fund in an amount equal to deposits received from NATO nations for the payment of such costs. Authorizes the appropriation of Fund amounts for various general purposes. Provides for the expedited consideration, in the granting of funds from such appropriations, to State, county, or local areas experiencing a high level of unemployment due to the realignment or closure of a military installation or facility or the cancellation or curtailment of a major defense contract.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

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• Introduced in House

  summary · EN · 5 January 1993

  Open at official source

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