A bill to provide for consideration by the U.S. Executive Directors of international financial institutions of the adverse effect of the financial transactions of such institutions of the adverse effect of the financial transactions of such institutions on U.S. industries, including agriculture, and employment.

Summary

Requires the President to direct the United States Executive Directors of the International Bank for Reconstruction and Development, the International Development Association, International Finance Corporation, the Inter-American Development Bank, and the Asian Development Bank, and the Executive Director representing the United States at the African Development Fund to consider the extent to which any loan, credit, or other utilization of the funds of such institutions is likely to have an adverse effect on industries, including agriculture, and employment in the United States, either by reducing demand for United States goods or by increasing imports. Requires the United States Executive Director of each such institution to request, and the United States International Trade Commission to furnish, a report assessing the impact of such loans or assistance on industries and employment in the United States.

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1 official file

• Introduced in Senate

  summary · EN · 19 May 1978

  Open at official source

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