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OTHE DEBT FOR DEMOCRACY ACT OF 1993, HR 1507 



BY 



THE HONORABLE DAN GLICKMAN (D-KS), CHAIRMAN 



PERMANENT SELECT COMMITTEE ON INTELLIGENCE 



The Debt for Democracy Act of 1993 gives the President authority to reduce 

 the debt an independent state of the former Soviet Union owes the United States 

 under Department of Agriculture export assistance programs if the state enters into 

 an agreement with the US - 



1) to facilitate the development of joint ventures between US 

 businesses and state-owned enterprises; 



2) to dismantle or convert military facilities to non-miUtary uses; or 



3) for other purposes in the national interest. 



States that enter into agreements under the bill become eligible for -- 



1) reinstatement to USDA's export assistance programs; 



2) donations of agricultural commodities; and 



3) techniced assistance. 



The main provisions of the bill, which adds a new section, section 206, to the 

 Agricultural Trade Act of 1978, are: 



SECTION 206(a)i^ - SHORT TITLE. 



New section 206(a) provides that the bill may be cited as the "Debt for Democracy 

 Act of 1993." 



SECTION 206(b) ~ PRESIDENTIAL AUTHORITY. 



New section 206(b) gives the President authority to reduce the debt an independent 

 state of the former Soviet Union has incurred under any program under the 

 authority of the Secretary of Agriculture or Commodity Credit Corporation. 



The President may exercise the authority notwithstanding provisions of the Act that 



* Citations refer to the Agricultural Trade Act of 1978 as amended by the 

 new provisions added to it by the bill. 



