A bill to amend the Japan-United States Friendship Act to recapitalize the Friendship Trust Fund, to broaden investment authority, and to strengthen criteria for membership on the Japan-United States Friendship Commission.

Summary

Amends the Japan-United States Friendship Act to authorize appropriations for the Japan-United States Friendship Trust Fund. Sets forth requirements for the members of the United States Panel of the Joint Committee on United States-Japan Cultural and Educational Cooperation. Requires certain investment duties of the Secretary of the Treasury involving the Fund to be taken at the direction of the Chairman of the Japan-United States Friendship Commission. Permits investments only in instruments of public debt with maturities suitable to the Fund's needs (currently, in interest-bearing obligations of or guaranteed by the United States).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 April 1993

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 April 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 April 1993

  Open at official source

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