A bill to require United States representatives to international financial institutions to oppose assistance by such institutions for the production for export to the United States of any fiber, textile, or article of apparel, and for other purposes.

Summary

Directs the Secretary of the Treasury to instruct the U.S. Executive Directors of specified international financial institutions to oppose any assistance by these institutions for the production of any fiber, textile, or article of apparel, if: (1) such production would result in exports to the United States of such items; or (2) the export of any such item would cause disruption in the U.S. market of the same, similar, or competing item. Reduces the U.S. contribution to any such institution by the amount that would be the U.S. proportionate share of any aid provided by that institution to a foreign country to: (1) support the production of such fiber, textile, or article of apparel for export; and (2) subsidize the export to the United States of such items from such countries. Requires using any such withheld funds to reduce the public debt.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 February 1986

  Open at official source

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