H.R.4594 - To amend the Japan-United States Friendship Act to broaden investment authority and to strengthen criteria for membership on the Japan-United States Friendship Commission.103rd Congress (1993-1994)
|Sponsor:||Rep. Wise, Robert E., Jr. [D-WV-2] (Introduced 06/16/1994)|
|Committees:||House - Foreign Affairs|
|Latest Action:||House - 06/29/1994 Executive Comment Requested from State. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4594 — 103rd Congress (1993-1994)All Information (Except Text)
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).