Page:United States Statutes at Large Volume 100 Part 5.djvu/873

 CONCURRENT RESOLUTIONS—APR. 14, 1986 h

100 STAT. 4347

"(ii) TERMINATIONS WITH RESPECT TO WHICH FINAL DISTRIBUTION OF ASSETS HAS COMMENCED.—ClaUSe (i)

shall not apply with respect to a termination with respect to which the final distribution of assets has commenced before the date of the enactment of this Act unless, within 90 days after the date of the enactment of this Act, the plan has been restored in accordance with procedures issued by the Corporation pursuant to subsection (c).

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"(E) AUTHORITY OF CORPORATION TO EXTEND 90-DAY PERI-

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ODS TO PERMIT STANDARD TERMINATION.—The Corporation may, on a case-by-case basis in accordance with subsection (c), provide for extensions of the applicable 90-day period -i referred to in clause (i) or (ii) of subparagraph (B) if it is demonstrated to the satisfaction of the Corporation that— tuv lit "(i) the plan could not otherwise, pursuant to the preceding provisions of this paragraph, terminate in a
 * .j;a

termination treated as a standard termination under 'iixl.'• section 4041(b) of the Employee Retirement Income Security Act of 1974 (as amended by this title), ana -j>^'Air«r "(ii) the extension would result in a greater likelihood that benefit commitments under the plan would be paid in full, except that any such period may not be so extended beyond one year after the date of the enactment of this Act.". Agreed to March 26, 1986.

COMMERCIAL TIED AID CREDITS—RESTRICTIONS

Apr, u, me [s con. Res. 127]

Whereas tied aid and partially untied aid credits with low levels of Exports, concessionality are used by several governments as a predatory method of financing exports and result in market-distorting effects; Whereas these distortions have caused the United States to lose export sales, with resulting losses in economic growth and development; Whereas the Congress is preparing legislation intended to support the efforts of the Secretary of the Treasury to negotiate a comprehensive arrangement restricting the use of tied and partially untied aid credits for commercial purposes; and Whereas these negotiating efforts of the Secretary of the Treasury are fully supported by the Congress of the United States: Now, therefore, be it Resolved by the Senate (the House of Representatives concurring), That it is the sense of the Congress that— (1) a successful conclusion of an arrangement to regulate tied I aid credits, so that their use for predatory commercial purposes is ended, would eliminate the need for the Congress to enact a -i special tied aid credit program; (2) the Secretary of the Treasury should use the full resources I negotiations; and
 * of his office to promote such a successful conclusion to the

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