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United States · Law · HR

H.R. 4059 (102nd)

Enterprise for the Americas Initiative Act of 1992

enactedUnited States· United States Congress· EN

Introduced

26 November 1991

Last action

Status

Became Public Law No: 102-532.

Sponsors

Subjects

Discovery layer

Source updated

23 January 2025

Summary

Enterprise for the Americas Initiative Act of 1991 - Amends the Agricultural Trade Development and Assistance Act of 1954 to authorize the President to sell a Latin American or Caribbean country up to 40 percent of its qualified, Paris Club-rescheduled debt (owed to the U.S. Department of Agriculture's Commodity Credit Corporation for export credit guarantee purchases of U.S. agricultural commodities), but only if such country uses a certain amount of its local currency (computed according to a specified formula), other than the price paid for the debt, through an Environmental Fund for certain eligible activities. (Designates the Environmental Fund for Mexico the Good Neighbor Environmental Fund for the Border.) Requires the President to report to the Congress on the effect of a hemispherical free trade zone with such countries on the United States economy. Directs the Secretary of Agriculture to establish the Institute for North American Studies in a higher education institution (or consortium of such institutions) in Texas to promote better agricultural, economic, social, and political relationships between North American countries through cooperative study, training, and research. Requires the Institute to provide a facility for such activities. Authorizes appropriations. Directs the President to establish the United States-Mexico Environmental Board to advise the governments of the United States and Mexico on the implementation of environmental projects to improve the quality of life of citizens of both countries. Requires the President to notify the Congress prior to any debt reduction resulting from credit extended for the sale of agricultural commodities.

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8 official files

Referred in Senate (text)

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