Expressing the sense of the House of Representatives that the President should expeditiously complete consideration of the Soviet request for $1,500,000,000 in agricultural credit guarantees.

Summary

Expresses the sense of the House of Representatives that the President should: (1) expeditiously complete review of the request of the Soviet Union for $1,500,000,000 in agricultural credit guarantees; (2) carefully evaluate the ability of the Soviet Union to service the debt associated with such request and evaluate such request on a commercial basis in accordance with the Agricultural Trade Act of 1978; (3) investigate every opportunity to grant export credit guarantees directly to individual Soviet Republics if the President can determine that such Republics can adequately service debt associated with the sale of agricultural commodities; (4) continue to impress upon the Soviet Government that its treatment of individual Republics will have an impact on U.S.-Soviet relations, including decisions on whether to extend agricultural credit guarantees; (5) impress upon such Government that the food and feed purchased through credit guarantees shall not be misused to support the military, security, or Communist Party apparatus at the expense of the Soviet people, to pressure the Baltic states or other Soviet Republics to support the "Union Treaty," or for any other coercive or political purpose; (6) secure renewed Soviet assurances to fulfill its commitments under the existing U.S.-Soviet Long-Term Agreement on grains and to repay credits extended under U.S. guarantees according to agreed-upon schedules by acceptable currency or barter arrangements; and (7) approve the Soviet request if the President finds that the Soviet Union meets criteria under such Act.

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• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 15 May 1991

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