H.R. 2783 · 108th Congress
Foreign Aid Limitation Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PaulSponsorNo cosponsors.
Foreign Aid Limitation Act - Prohibits the Secretary of the Treasury from using the Exchange Stabilization Fund to: (1) make a loan or extend credit above $250 million to an entity the majority of which is owned or controlled by one or more foreign persons or foreign governments; (2) extend a loan or credit beyond sixty days to such entity unless the…
What it does: CRS summary · Introduced in House · Jul 17, 2003
Foreign Aid Limitation Act - Prohibits the Secretary of the Treasury from using the Exchange Stabilization Fund to: (1) make a loan or extend credit above $250 million to an entity the majority of which is owned or controlled by one or more foreign persons or foreign governments; (2) extend a loan or credit beyond sixty days to such entity unless the President certifies in writing to certain congressional committees that Federal expenditures involved in the loan or credit are adequately backed by an assured, identified source of repayment; or (3) make a loan or extend credit above $1 billion to such entity without express statutory authorization, unless such loan or credit extension is necessary to address a foreign financial crisis which poses a threat to U.S. interests or the international financial system.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Foreign Aid Limitation Act
Latest action (Sep 9, 2003): Referred to the Subcommittee on Technology and the House.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Jul 17, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.