H.R.3169 - Panama Democracy and Economic Recovery Act101st Congress (1989-1990)
|Sponsor:||Rep. Gejdenson, Sam [D-CT-2] (Introduced 08/04/1989)|
|Committees:||House - Foreign Affairs; Banking, Finance, and Urban Affrs|
|Latest Action:||House - 09/01/1989 Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3169 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (08/04/1989)
Panama Democracy and Economic Recovery Act- Makes certain policy declarations regarding Panama, including: (1) expressing support for a civilian democratic government in Panama; (2) expressing support for a transition to democracy in Panama using multilateral initiatives and other means; (3) pledging increased U.S. drug enforcement cooperation with a Panamanian Government committed to ending drug trafficking; (4) calling for economic assistance to Panama following the departure of General Noriega; and (5) expressing support for the strengthening of democratic institutions in Panama following his departure.
Provides for specified U.S. assistance to Panama if the President certifies to the Congress that: (1) General Noriega is no longer in power in Panama; (2) substantial progress has been made in assuring a separation of civilian and military functions; (3) the Panama Defense Forces will be limited to activities specified in the Panamanian Constitution; (4) constitutional guarantees have been restored in Panama; (5) Panama has agreed to cooperate fully with the United States in drug enforcement efforts; (6) Panama has agreed to enter into negotiations for a mutual legal assistance treaty; and (7) Panama has agreed to prevent drug-related money laundering. Includes among such assistance: (1) assistance to Panama for use in reducing its arrearages to international financial institutions; (2) emergency food assistance; (3) assistance for development and for democratic institutions for further implementation of the Panama Canal treaties; and (4) assistance to the Panamanian housing finance system.
Provides that certain restrictions and prohibitions on U.S. assistance to Panama contained in the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1989 shall not apply in FY 1989 or 1990 if the President makes such certification. Provides that the cooperation with narcotic laws certification required by the Foreign Assistance Act of 1961 shall be deemed to have been approved by the Congress if the President submits to the Congress: (1) the certification described by this Act; and (2) a national interest certification with respect to Panama. Provides that the limitations on assistance to countries in default of loans made by the United States shall not apply to Panama if: (1) the President submits the certification described in this Act; and (2) Panama agrees that all such loans payable during FY 1989 and 1990 will be repaid within an agreed upon time period.
States that if the President makes the certification described in this Act: (1) the Overseas Private Investment Corporation and the Export-Import Bank should assist in the reconstruction of the economy of Panama; (2) the President should direct the Secretary of the Treasury to instruct the U.S. executive directors of various multilateral development institutions to seek to provide assistance to Panama; and (3) the President should urge other countries to help provide economic resources to assist Panama in the transition to democracy.
Authorizes the President to release funds held in the account at the Federal Reserve Bank of New York for the benefit of the Panamanian people after an audit of such account has been conducted and submitted to the Secretary and to appropriate congressional committees.
Calls on the President to furnish directly and through private and voluntary organizations or other nongovernmental agencies assistance: (1) in the form of donations of food or medicine; (2) for continued financing of education for Panamanians in the United States; and (3) to private organizations to strengthen democratic institutions and monitor human rights.