H.Res.355 - Expressing the sense of the House of Representatives with regard to negotiations between the United States Government and the governments of Mexico and Canada with regard to the North American Development Bank and the Border Environmental Cooperation Commission.107th Congress (2001-2002)
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|Sponsor:||Rep. Gonzalez, Charles A. [D-TX-20] (Introduced 03/05/2002)|
|Committees:||House - Financial Services|
|Latest Action:||03/18/2002 Referred to the Subcommittee on International Monetary Policy and Trade.|
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- Foreign Trade and International Finance
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Text: H.Res.355 — 107th Congress (2001-2002)All Bill Information (Except Text)
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Introduced in House (03/05/2002)
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[Congressional Bills 107th Congress] [From the U.S. Government Printing Office] [H. Res. 355 Introduced in House (IH)] 107th CONGRESS 2d Session H. RES. 355 Expressing the sense of the House of Representatives with regard to negotiations between the United States Government and the governments of Mexico and Canada with regard to the North American Development Bank and the Border Environmental Cooperation Commission. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 5, 2002 Mr. Gonzalez (for himself, Mr. Bonilla, Mr. LaFalce, Mr. Menendez, Mr. Smith of Texas, Mr. Rodriguez, Mr. Sandlin, Mr. Bentsen, Mr. Green of Texas, Mr. Hinojosa, and Mr. Ortiz) submitted the following resolution; which was referred to the Committee on Financial Services _______________________________________________________________________ RESOLUTION Expressing the sense of the House of Representatives with regard to negotiations between the United States Government and the governments of Mexico and Canada with regard to the North American Development Bank and the Border Environmental Cooperation Commission. Resolved, That it is the sense of the House of Representatives that, in negotiations with the governments of Mexico and Canada with regard to the North American Development Bank (NADB) and the Border Environmental Cooperation Commission (BECC), the United States Government should seek to achieve the following goals: (1) Functions and responsibilities of the institutions.-- (A) Maintain the NADB and the BECC as separate entities. (B) Review the certification process to lay the groundwork for possible simplification and improvement of the certification process, with an opportunity for all interested parties to participate. (C) Use the review of the procurement process to improve the quality and efficiency of project development and lower the costs of technical assistance, and ensure early NADB involvement in project development to avoid later conflicts. (D) Require the boards of the BECC and the NADB to consult with interested parties in exploring options for better follow-up of projects. (2) Unused nadb lending capacity.-- (A) Devote $150,000,000 to $200,000,000 of paid-in capital to the low-interest financing facility to provide lower interest rates for border environmental infrastructure projects. (B) Increase the United States contribution to the Border Environmental Infrastructure Grant Fund, consistent with the 5-year outlook needs assessment of the NADB. (C) Allow most remaining paid-in capital and callable capital of the NADB to be used for lending to other infrastructure projects. The United States and Mexico should invite Canada to participate in this aspect of NADB operations. BECC certification should not be required of such other infrastructure projects. However, the NADB should develop a set of procedures, in consultation with interested parties, to provide for transparency and public participation in development and approval of such projects, and for environmental assessment and mitigation. (3) Performance review of the institutions.-- (A) Require a third-party to conduct a comprehensive review of the NADB and the BECC to study where structural inefficiencies should be improved in the NADB and the BECC. (B) The review should include an assessment of expanding the mandate of the NADB and the BECC with respect to infrastructure projects with an environmental focus, and a management audit, performance audit, procurement audit, and financial analysis. (C) The review should also include an analysis of the potential effects of any changes made to the process for certification by the BECC, and funding by the NADB of border environmental infrastructure projects. (D) The review should be conducted in consultation with all the stakeholders in the NADB and the BECC, including border states and municipalities, the Good Neighbor Environmental Board, Consejo Consultivo Region I, project applicants, nongovernmental organizations involved in border issues, and academics. <all>