Summary: H.R.4594 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.4594. Bill summaries are authored by CRS.

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Introduced in House (06/16/1994)

Amends the Japan-United States Friendship Act to set forth requirements for the members of the United States Panel of the Joint Committee on United States-Japan Cultural and Educational Cooperation.

Requires certain investment duties of the Secretary of the Treasury involving the Fund to be taken at the direction of the Chairman of the Japan-United States Friendship Commission. Permits investments only in instruments of public debt with maturities suitable to the Fund's needs (currently, in interest-bearing obligations of or guaranteed by the United States).