H.R.5162 - Earth Summit Leadership Act of 1992102nd Congress (1991-1992)
|Sponsor:||Rep. Owens, Wayne [D-UT-2] (Introduced 05/13/1992)|
|Committees:||House - Banking, Finance, and Urban Affairs; Foreign Affairs; Energy and Commerce; Ways and Means|
|Latest Action:||House - 06/01/1992 Referred to the Subcommittee on International Development, Finance, Trade and Monetary Policy. (All Actions)|
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Text: H.R.5162 — 102nd Congress (1991-1992)All Information (Except Text)
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HR 5162 IH 102d CONGRESS 2d Session H. R. 5162 To promote implementation of the sustainable development agenda of the United Nations Conference on Environment and Development. IN THE HOUSE OF REPRESENTATIVES MAY 13, 1992 Mr. OWENS of Utah (for himself, Mr. GILMAN, Mr. MCDERMOTT, Mr. ATKINS, Mr. ANDREWS of New Jersey, Mr. PENNY, and Mr. RICHARDSON) introduced the following bill; which was referred jointly to the Committees on Foreign Affairs, Banking, Finance and Urban Affairs, Ways and Means, and Energy and Commerce A BILL To promote implementation of the sustainable development agenda of the United Nations Conference on Environment and Development. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `Earth Summit Leadership Act of 1992'. SEC. 2. FINDINGS REGARDING THE SUSTAINABLE DEVELOPMENT AGENDA OF THE UNITED NATIONS CONFERENCE ON ENVIRONMENT AND DEVELOPMENT. The Congress finds that-- (1) protection of the global environment and the reduction of global poverty are critical to the well-being of the people of the United States; (2) economic stagnation in the developing world cost the United States over $350 billion in export earnings and over 1.5 million jobs in the 1980s, according to the congressional Arms Control and Foreign Policy Caucus; (3) a principle cause of environmental degradation around the world is the persistence of poverty; (4) bilateral development assistance that is channeled directly to nongovernmental organizations and community groups, especially those which are indigenous to developing countries, has been found to be extremely effective in promoting sustainable development and democracy; (5) the United Nations system has an important role to play in promoting and coordinating sustainable development programs in the world; (6) the United Nations Conference on Environment and Development is an historic opportunity to enhance global commitment and cooperation with regard to sustainable development; (7) leadership on the part of the United States at the United Nations Conference on Environment and Development will be critical if the Conference is to achieve its purpose; and (8) to implement the sustainable development agenda of the United Nations Conference on Environment and Development, action is needed in at least these four related areas--reform of bilateral development assistance, reform of bilateral security assistance, reform of multilateral institutions, and changes in domestic environmental policies. TITLE I--FOUNDATION FOR SUSTAINABLE DEVELOPMENT SEC. 101. FINDINGS REGARDING THE FOUNDATION FOR SUSTAINABLE DEVELOPMENT. The Congress finds that-- (1) social and economic development ultimately depends on the active participation of individuals within a society and on the enhancement of opportunities of those individuals: (2) the development of individuals and institutions in developing countries can benefit by the provision of support for community-based self-help activities; (3) enhancing the economic productivity of the poor, especially in their capacity as small producers of environmentally sustainable goods and services, is essential to reducing poverty and protecting natural resources; (4) the Inter-American Foundation, established by Congress in the Foreign Assistance Act of 1969 to support the efforts of the people of Latin America and the Caribbean to solve their development problems, has demonstrated a successful approach to development; and (5) the African Development Foundation, established by Congress in the Foreign Assistance Act of 1980 to support the efforts of the people of Africa to solve their development problems, has also demonstrated a successful approach to development; (6) Appropriate Technology International, established in response to a congressional initiative in 1976, offers essential support to a large network of organizations in the developing world who assist small producers at overcoming poverty in a sustainable manner; (7) an increasing number of innovative solutions are emerging at the local level to combat environmental degradation and poverty, and there is an increasing role for the use of United States bilateral development assistance to disseminate widely information about, and where appropriate replicate, these successes; (8) the convening of the United Nations Conference on Environment and Development at a time of reduced military threats and increased ecological threats to the United States calls for new initiatives to promote sustainable and equitable development in the world; (9) a Foundation for Sustainable Development, based on the principles of the Inter-American Foundation, the African Development Foundation, and Appropriate Technology International and operating on a global scale to assist participatory, environmentally sustainable community-based development strategies, can complement current United States development programs in the developing world; and (10) there is a need to focus development resources on community organizations in countries where there are a large number of people living in absolute poverty and in countries where there are critically endangered ecosystems. SEC. 102. ESTABLISHMENT OF FOUNDATION. There is established a body corporate to be known as the `Foundation for Sustainable Development' (hereinafter in this title referred to as the `Foundation'). SEC. 103. PURPOSES OF FOUNDATION. (a) IN GENERAL- In recognition of the clear linkage between the prosperity and security of the United States and the developing world and the need to empower the poorest people in the world and to safeguard the natural resources which are crucial to global prosperity, the purposes of the Foundation shall be-- (1) to encourage the growth of, and where appropriate the establishment of, development institutions indigenous to developing countries which effectively respond to the needs and aspirations of the poor (especially women) in those countries and which promote environmental protection and conservation of natural resources; (2) to support efforts to increase the productivity of the poor, particularly in their role as small producers of environmentally sustainable goods and services for local consumption; (3) to support self-help activities at the local level designed to enlarge opportunities for community development; (4) to support efforts at community-based, environmentally sustainable management of natural resources; (5) to stimulate and assist the process of people, especially women, participating in the processes that affect their lives, including resource allocation, decision-making at the local governmental level, and other processes essential to their well-being; (6) to replicate in other regions of the world successful projects promoting sustainable and equitable development funded by the Inter-American Foundation, the African Development Foundation, Appropriate Technology International, the Asia Foundation, private foundations, and other groups; and (7) to disseminate insights gained in the process of the Foundation's work to the American public and to citizens and organizations in developing countries. (b) INDIGENOUS ORGANIZATIONS- The Foundation shall carry out the purposes specified in subsection (a) in cooperation with, and in response to, organizations indigenous to developing countries which are representative of the needs and aspirations of the poor in the developing world. In carrying out its purposes, the Foundation shall, to the extent possible, coordinate its development assistance activities with other activities of the United States Government and with activities of private, regional, and international organizations. SEC. 104. FUNCTIONS OF THE FOUNDATION. (a) IN GENERAL- In order to carry out the purposes set forth in section 103(a), the Foundation may provide grant assistance to any private group, association, or other entity that is either indigenous to a developing country or working in partnership with organizations indigenous to a developing country. Such assistance shall be provided-- (1) to foster local institutions and support efforts to promote sustainable development and resource conservation that are initiated by communities themselves; (2) to develop self-evaluation techniques by participants in projects supported under this section, for the purpose of transferring experience gained in such projects to similar development activities; (3) to support development research by people of developing countries, and the transfer of development resources, expertise, and knowledge within the developing and developed worlds; (4) to support, and where appropriate help to establish, foundations or other organizations in developing countries which provide support for purposes consistent with those described in section 103(a) and whose governing bodies contain a majority of representatives of nongovernmental organizations; (5) to support the procurement of local technical skills and assistance and other assistance deemed appropriate by the recipient of such assistance to carry out the purposes set forth in section 103(a); (6) to support the work of United States private and voluntary organizations to strengthen the capacity of indigenous nongovernmental organizations to promote sustainable development programs and policies; (7) to increase access for the poor to technology, at an affordable cost, which will assist them in increasing their productivity in an environmentally sustainable manner; and (8) to support other projects that would carry out the purposes set forth in section 103(a). (b) ASSISTANCE LEVEL- The total amount of assistance that may be provided under this section for a project may not exceed $1,000,000. Under most circumstances, however, the amount of assistance for a project should not exceed $250,000. (c) PRIORITY COUNTRIES- The primary focus in the allocation of funds by the Foundation shall be for activities in countries which are defined by the International Bank for Reconstruction and Development as having `middle income economies', `lower-middle income economies', or `low income economies', with particular emphasis on countries where there are a large number of people living in absolute poverty and in countries where there are critically endangered ecosystems essential to the well-being of the poorest sectors of society. (d) SUPPORT FOR INDIGENOUS ORGANIZATIONS- (1) DIRECT SUPPORT FOR NONGOVERNMENTAL ORGANIZATIONS- The primary focus of the Foundation shall be to support directly indigenous nongovernmental organizations. (2) COMMUNITY PARTICIPATION- In providing assistance under this section, the Foundation shall give priority to projects which community groups undertake to foster their own sustainable development and in the initiation, design, implementation, and evaluation of which there is the maximum feasible participation for the poor. (e) DISSEMINATION OF INSIGHTS- The Foundation shall disseminate to developing countries, the American public, and United States and multilateral development institutions, insights gained from development projects assisted under this title. SEC. 105. MANAGEMENT OF THE FOUNDATION. (a) BOARD OF DIRECTORS- The management of the Foundation shall be vested in a board of directors (hereinafter in this title referred to as the `Board') composed of 9 members as follows: (1) 6 members appointed by the President, at least 4 of whom shall be appointed from among individuals recommended by the Speaker of the House of Representatives (after consultation with the Minority Leader of the House) or by the Majority Leader of the Senate (after consultation with the Minority Leader of the Senate). (2) The president of the African Development Foundation, the president of the Inter-American Foundation, and the president of Appropriate Technology International or such other individual as the President may appoint in lieu of the president of Appropriate Technology International. In making appointments pursuant to this subsection, the President shall select members of the Board on the basis of their experience with, understanding of, and sensitivity to community level development processes, sustainable natural resource managment strategies, and the role of women in sustainable development programs. (b) TERMS OF BOARD MEMBERS- A member of the Board appointed by the President pursuant to subsection (a) shall be appointed for a term of 6 years, except that of the members first appointed (as designated by the President at the time of their appointment) 2 shall be appointed for a term of 2 years and 2 shall be appointed for a term of 4 years. A member of the Board appointed to fill a vacancy occurring before the expiration of the term of which that member's predecessor was appointed shall be appointed for the remainder of that term. Upon the expiration of his or her term, a member of the Board shall continue to serve on the Board until a successor is appointed and shall have qualified. If an individual who is an ex officio member of the Board pursuant to subsection (a)(2) ceases to be the president of the African Development Foundation, the Inter-American Foundation, or Appropriate Technology International (as the case may be), that individual shall continue to serve on the Board until a new president of that organization takes office. (c) CHAIR- The President shall designate one member of the Board to serve as Chairperson of the Board and one member to serve as Vice Chairperson of the Board. (d) COMPENSATION AND EXPENSES- Members of the Board shall serve without additional compensation, but may be allowed travel and other expenses in accordance with section 5703 of title 5, United States Code, which are incurred by them while engaged in their duties on behalf of the Foundation. (e) QUORUM- A majority of the Board shall constitute a quorum. (f) PRESIDENT OF FOUNDATION- The Board of Directors shall appoint a president of the Foundation on such terms as the Board may determine. The president of the Foundation shall receive compensation at a rate not to exceed that payable for level IV of the Executive Schedule under section 5315 of title 5, United States Code. (g) EXPERTS AND CONSULTANTS- Experts and consultants may be employed by the Board as authorized by section 3109 of title 5, United States Code. (h) ADVISORY COUNCIL- The Board shall establish an advisory council to be composed of individuals selected by the Board from among individuals knowledgeable about development activities in developing countries. The advisory council may include recipients of assistance under this title. The Board shall, at least once each year, consult the advisory council with respect to the activities of the Foundation and the achievement of its purposes. Members of the advisory council shall receive no compensation for their services but may be allowed travel and other expenses in accordance with section 5703 of title 5, United States Code, which are incurred by them in the performance of their functions under this subsection. The termination provisions of section 14 of the Federal Advisory Committee Act shall not apply with respect to the advisory council. SEC. 106. POWERS OF THE FOUNDATION. (a) IN GENERAL- The Foundation, as a corporation-- (1) shall have perpetual succession unless dissolved by an Act of Congress; (2) may sue and be sued, complain, and defend, in its corporate name in any court of competent jurisdiction; (3) may adopt, alter, and use a seal, which shall be judicially noticed; (4) may prescribe, amend, and repeal such rules and regulations as may be necessary for carrying out the functions of the Foundation; (5) may make and perform such contracts and other agreements with any individual, corporation, or other private or public entity, however designated and wherever situated, as may be necessary for carrying out the functions of the Foundation; (6) may determine and prescribe the manner in which its obligations shall be incurred and its expenses allowed and paid, including expenses for representation not exceeding $10,000 in any fiscal year; (7) may lease, purchase, or otherwise acquire, own, hold, improve, use, or otherwise deal in and with such property (real, personal, or mixed) or any interest therein, wherever situated, as may be necessary for carrying out the functions of the Foundation; (8) may accept gifts or donations of services or property (real, personal, or mixed), tangible or intangible, in furtherance of the purposes of the Foundation; (9) may use the United States mails in the same manner and on the same conditions as the executive departments of the Government; (10) may, with the consent of any agency of the United States, use the information, services, facilities, and personnel of that agency in carrying out this title; and (11) shall have such other powers as may be necessary and incident to carrying out this title. (b) NONPROFIT STATUS- The Foundation shall be a not-for-profit corporation and shall have no capital. No part of its revenue, earnings, or other income or property shall inure to the benefit of any of its directors, officers, or employees, and such revenue, earnings, or other income or property shall only be used to carry out the purposes of the Foundation. No director, officer, or employee of the corporation shall in any manner directly or indirectly participate in the deliberation upon or the determination of any question affecting his or her personal interest or the interests of any corporation, partnership, or organization in which he or she is directly or indirectly interested. (c) TERMINATION- Upon termination of the corporate life of the Foundation, its assets shall be liquidated and, unless otherwise provided by the Congress, shall be transferred to the United States Treasury as the property of the United States. SEC. 107. GOVERNMENT CORPORATION CONTROL ACT. The Foundation shall be subject to the provisions of chapter 91 of title 31, United States Code, that are applicable to wholly-owned Government corporations. SEC. 108. BUDGET ACT REQUIREMENTS. Any authority provided by this title involving the expenditure of funds (other than the funds made available pursuant to section 109) shall be effective for a fiscal year only to such extent or in such amounts as are provided in advance in appropriation Acts. SEC. 109. AUTHORIZATIONS OF APPROPRIATIONS. There are authorized to be appropriated to carry out this title, in addition to amounts otherwise available for that purpose, $150,000,000 for fiscal year 1993 and $200,000,000 for fiscal year 1994. Funds appropriated under this section are authorized to remain available until expended. TITLE II--REGIONAL DEVELOPMENT FOUNDATIONS SEC. 201. INTER--AMERICAN FOUNDATION. The first sentence of section 401(s)(1) of the Foreign Assistance Act of 1969 is amended by striking out `and $31,000,000 for fiscal year 1993' and inserting in lieu thereof `, $35,000,000 for fiscal year 1993, and $40,000,000 for fiscal year 1994'. SEC. 202. AFRICAN DEVELOPMENT FOUNDATION. The first sentence of section 510 of the African Development Foundation Act is amended by striking out all that follows `purpose,' and inserting in lieu thereof `$20,000,000 for fiscal year 1993 and $25,000,000 for fiscal year 1994.'. SEC. 203. APPROPRIATE TECHNOLOGY INTERNATIONAL. In addition to the $5,000,000 made available to Appropriate Technology International under its cooperative agreement with the Agency for International Development, $3,000,000 of the funds made available for fiscal year 1993 to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 (relating to the economic support fund) shall be provided to Appropriate Technology International to enable it to emphasize large-scale replication of successful projects and partnerships with major development and financial institutions. TITLE III--REDUCTION IN INTERNATIONAL SECURITY ASSISTANCE SEC. 301. FINDINGS REGARDING SECURITY ASSISTANCE. The Congress finds that-- (1) while nations in the developing world have a right to defend themselves against aggression, military expenditures consume precious economic and human resources that might otherwise be available for economic development, satisfaction of basic human needs, and protecting the environment; (2) assistance under the Foreign Military Financing Program and other security-related assistance is a considerable expense for United States taxpayers; (3) the end of the Cold War provides a historic opportunity to end regional conflicts once fueled by East-West considerations and to promote global demilitarization; (4) the congressional Arms Control and Foreign Policy Caucus has declared that `United States military aid . . . can inadvertently undercut the transition to democracy, for example, by strengthening a military that maintains its independence from civilian and judicial control after elections'; and (5) significant savings from reduced military spending would benefit people in the United States and the developing world. SEC. 302. REDUCTIONS IN SECURITY ASSISTANCE. (a) FISCAL YEARS 1993 AND 1994- Notwithstanding any other provision of law, the total amount of international security assistance provided by the United States to all countries-- (1) for fiscal year 1993, shall not exceed $7,000,000,000; and (2) for fiscal year 1994, shall not exceed $6,500,000,000. (b) FISCAL YEARS 1995 AND 1996- It is the sense of the Congress that international security assistance for fiscal years 1995 and 1996 should be further reduced so as to promote global demilitarization and to make available additional resources for use for sustainable development programs. (c) DEFINITION OF INTERNATIONAL SECURITY ASSISTANCE- As used in this section, the term `international security assistance' means any assistance provided directly to foreign countries under section 23 of the Arms Export Control Act (relating to the `Foreign Military Financing Program'), under chapter 2 of part II of the Foreign Assistance Act of 1961 (relating to the military assistance program), under chapter 4 of part II of the Foreign Assistance Act of 1961 (relating to the economic support fund), or under chapter 5 of part II of the Foreign Assistance Act of 1961 (relating to international military education and training). TITLE IV--MULTILATERAL ORGANIZATIONS SEC. 401. MULTILATERAL DEVELOPMENT BANKS. (a) PROPOSALS- The Secretary of the Treasury shall instruct the United States Executive Director of each specified multilateral development bank to promote vigorously that such bank takes action-- (1) where consistent with the bank's bylaws, to ensure greater public accountability in the use of its resources by making fully available to the public complete information on physical, institutional, and economic details and the environmental, public health, and sociocultural impacts of proposed bank operations; (2) to ensure that poverty reduction becomes a higher priority, including more aggressive encouragement of reduction in military expenditures by borrowing countries, annual reviews of the progress of reducing poverty, and increases for lending for primary health care and basic education to at least 5 percent of the bank's lending; (3) to ensure that all structural adjustment loans after July 1993 are presented to the bank's executive directors with supporting documentation on how those loans will affect the real incomes of the poor, the levels of income inequality, and the access by the poor (and women among them) to land and other productive assets; the diversification of industrial and agricultural production that expands the use of local raw materials, goods, and services; the quality and delivery to low-income people of essential social and technical services, including programs of primary health, nutrition, credit, and training; and the integrity of the natural resource base; (4) to ensure the development of sustainable energy systems by ensuring that all loans in the energy sector be based on, or where necessary support development of, `least-cost' investment plans that analyze end-use efficiency and nonconventional renewable energy applications, especially solar energy technologies; (5) to establish a comprehensive water resource policy that will require the bank and its national, subnational, and private borrowers to implement a least-cost approach to planning for and investing in water resource development projects and adopt water policies that use an integrated approach to the planning and management of water resources; and (6) to purchase on the secondary market commercial debt obligations of governments of developing countries and gradually forgive those debts in return for adoption of sustainable development policies, such as programs of agrarian reform and energy conservation and dissemination of nonconventional, renewable energy technologies. (b) DISCUSSIONS OF PROPOSALS- The Secretary of the Treasury shall instruct the United States Executive Director of each specified multilateral development bank to initiate discussions with other executive directors of the bank regarding the proposals described in subsection (a). (c) SPECIFIED MULTILATERAL DEVELOPMENT BANKS- As used in this section, the term `specified multilateral development bank' means the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, and the Multilateral Investment Guarantee Agency. SEC. 402. THE UNITED NATIONS SYSTEM. (a) FINDINGS- The Congress finds that-- (1) there is an inextricable link between environment, economic development, and population issues; (2) in order to preserve the global environment and promote sustainable development, the United Nations must give a high priority to ongoing deliberation on the relationship between environment, development, and other cross-cutting issues; (3) authority for policymaking, coordination, and oversight of environment and development programs is currently fragmented within the United Nations system; (4) the United Nations Conference on Environment and Development (hereinafter in this section referred to as `UNCED') may recommend the establishment of a Sustainable Development Commission or similar intergovernmental forum within the United Nations to review implementation of the results of UNCED, oversee sustainable development activities throughout the United Nations system, and continue international deliberations on sustainable development issues, with provisions for active involvement of nongovernmental organizations including the private sector, the scientific community, and women's groups; and (5) current deliberations on United Nations reform, within the General Assembly and the Economic and Social Council, provide further opportunities to strengthen frameworks for global cooperation on environmental protection and sustainable development. (b) UNITED NATIONS REFORM INITIATIVE- It is the sense of the Congress that the President should follow up United States participation in UNCED by taking an active role during the 47th United Nations General Assembly session to ensure full implementation of UNCED recommendations on institutional issues, including-- (1) establishment of a Sustainable Development Commission or other high-level intergovernmental forum identified by UNCED to enhance and rationalize the intergovernmental decisionmaking capacity for the integration of environment and development issues and to ensure effective followup to UNCED; (2) establishment of a secretariat support structure within the United Nations secretariat drawing on, among other things, the expertise gained in the UNCED preparatory process to provide support for the work of both intergovernmental and interagency coordination mechanisms; (3) establishment of improved mechanisms for monitoring compliance with international environmental disputes, including greater use of the International Court of Justice; and (4) establishment, in consultation with nongovernmental organizations and the public, of open and effective means to achieve the participation of nongovernmental organizations and the public in the review and evaluation of the implementation of the results of UNCED and in ongoing decisionmaking on sustainable development, including participation in the mechanisms described in paragraph (3) and provisions for access to reports and other information, regularized input, and accreditation based on the procedures used at UNCED. (c) REPORT TO CONGRESS- The President shall submit to the Congress, within 6 months after the completion of UNCED, a report-- (1) on expanded functions assigned by UNCED to the United Nations Environment Program as the principal environmental body within the United Nations system; and (2) on the expertise, financial, and other resources which will be required in order for the United Nations Environment Program to effectively carry out its enhanced roles. TITLE V--DOMESTIC ENVIRONMENTAL POLICIES SEC. 501. ELIMINATION OF TAX ADVANTAGES FOR NATURAL RESOURCE EXPLOITATION. (a) FINDINGS- The Congress finds that-- (1) the United States cannot exercise leadership in the transition to more sustainable economic development worldwide as long as its own consumption of natural resources is unsustainable; (2) United States laws provide widespread budgetary subsidies and tax advantages for the exploitation of natural resources; and (3) the United States Government has a significant impact on the pattern of resource consumption in the United States through Government purchase policies and energy consumption. (b) REPORT ON RESOURCE USE- It is the sense of the Congress that-- (1) in the long-term, all budgetary subsidies and tax advantages for unsustainable exploitation of natural resources are not in the best interest of the United States and should be eliminated as long as adequate provision is made to retrain people displaced by the elimination of subsidies and tax advantages and to assist those poor people who are least able to bear the cost implied by the elimination of those subsidies and tax advantages; (2) in conjunction with submission of the United States Budget for fiscal year 1994, the Director of the Office of Management and Budget should identify all current budgetary subsidies and tax advantages for the exploitation of nonrenewable energy (such as fossil fuels), forest, and water resources and should estimate the cost to taxpayers of these subsidies and tax advantages, as the basis for future Congressional action to gradually eliminate such subsidies and tax advantages; and (3) each Federal agency should conduct a survey of cost-effective renewable energy technologies which it could adopt for the conduct of its work and should begin conversion to those technologies as soon as possible. SEC. 502. NATIONAL PLAN TO SLOW GLOBAL WARMING. (a) FINDINGS- The Congress finds that-- (1) the United States emits 1.2 billion tons of carbon each year, more than 5 tons for each person each year; (2) the Intergovernmental Panel on Climate Change, consisting of over 700 scientists convened by the United Nations Environmental Program and the World Meteorological Organization, recently reaffirmed the seriousness of the global warming trends and the consequences it would have for people worldwide; (3) carbon dioxide is a major contributor to the global warming trend; (4) technologies now exist to reduce carbon dioxide emissions substantially without negatively affecting the economy; and (5) the Union of Concerned Scientists, in a recent study with three other environmental organizations, estimates that reducing United States emissions of carbon dioxide 25 percent by the year 2005 and 70 percent by the year 2030 could be done with a net cumulative savings to the United States economy of $2.3 trillion. (b) PLAN FOR REDUCING CARBON DIOXIDE EMISSIONS- The President, in consultation with the Congress and appropriate nongovernmental entities, shall design a plan for reducing, by the year 2005, United States emissions of carbon dioxide to a level no greater than 80 percent of the 1990 level. This plan shall include specific reference to how the poorest sectors of American society will be shielded from the costs, and benefit from the savings, of this endeavor. This plan shall be made public not more than 1 year after the date of enactment of this Act. SEC. 503. NATIONAL STRATEGY FOR SUSTAINABLE DEVELOPMENT. (a) FINDINGS- The Congress finds that-- (1) Agenda 21, the plan of action to be adopted at the United Nations Conference on Environment and Development, urges all governments to adopt a national strategy for sustainable development, based in part (but not limited to) the implementation of decisions made at the Conference; (2) the United States has supported the adoption by developing countries of national strategies for sustainable development as a necessary measure for reconciling their economic development plans with sound environmental natural resource management; (3) the failure of industrialized countries to adopt such strategies would seriously affect future negotiations between industrialized countries and developing countries on measures for global sustainable development; and (4) national strategies for sustainable development can be useful tools for integrating environmental considerations into economic policymaking. (b) FORMULATION OF A NATIONAL SUSTAINABLE DEVELOPMENT STRATEGY- The President, in consultation with the Congress and appropriate nongovernmental entities, shall formulate a national strategy for sustainable development. This strategy shall project current trends in domestic environmental resource management at least 10 years into the future. This plan shall be made public not more than 2 years after the date of enactment of this Act.