Resolution expressing the sense of the House relative to foreign palm oil development loans.

Summary

Declares the sense of the House that: (1) the Secretary of Agriculture should study the impact of the foreign palm oil industry on the domestic vegetable oil industry and recommend to the National Advisory Council on International Monetary and Financial Policies that further loans by the international financial institutions for the development of palm oil be discouraged by the United States; and (2) the Secretary of the Treasury instruct the United States Executive Director in each of the international financial institutions to oppose new proposals for palm oil development loans unless the palm oil is needed domestically and does not have the effect of increasing palm oil exports.

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• Introduced in House

  summary · EN · 17 February 1977

  Open at official source

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