Page:United States Statutes at Large Volume 104 Part 3.djvu/684

 104 STAT. 2036 PUBLIC LAW 101-513—NOV. 5, 1990 by the Bank during the period of such suspension. The Commission shall include in its annual reports to the Congress such information as it shall deem advisable with regard to the operations and effect of this paragraph. (10) TECHNICAL AMENDMENTS. — (A) ANNUAL REPORT REQUIRED ON PARTICIPATION OF THE UNITED STATES IN THE BANK.—Section 1701(c)(2) of the International Financial Institutions Act (22 U.S.C. 262r(c)(2)) is amended by inserting "European Bank for Reconstruction and Development," before "International Development Association,". (B) EXEMPTION FROM LIMITATIONS AND RESTRICTIONS ON POWER OF NATIONAL BANKING ASSOCIATIONS TO DEAL IN AND UNDERWRITE INVESTMENT SECURITIES OF THE BANK.— The 7th sentence of paragraph 7 of section 5136 of the Revised Statutes of the United States (12 U.S.C. 24) is amended by inserting "the European Bank for Reconstruction and Development," before "the Inter-American Development Bank,". (C) BENEFITS FOR UNITED STATES CITIZEN-REPRESENTATIVES TO THE BANK. —Section 51 of the Act entitled "An Act to authorize United States participation in increases in the resources of certain international financial institutions, to provide for an annual audit of the Exchange Stabilization Fund by the General Accounting Office, and for other purposes." (Public Law 91-599; 22 U.S.C. 276c-2) is amended by inserting "the European Bank for Reconstruction and Development," before "the Inter-American Development Bank,". 22 USC 290Z-8. (H) CONGRESSIONAL CONSULTATIONS. —During negotiations on the establishment of operational guidelines for the Bank, the Secretary of the Treasury shall— (A) consult on a regular and timely basis with the Committee on Banking, Finance and Urban Affairs and the Committee on Appropriations of the House of Representatives, and the (>)mmittee on Foreign Relations and the Committee on Appropriations of the Senate; (B) seek to ensure that procedures and mechanisms are established, including the creation of specific departments or staffs within the Bank, which will allow the Bank to assess the impact of any loans, guarantees, or other activities on the environment and on internationaly recognized human rights in borrower countries; and Reports. (C) report, through consultation within 90 days after the date of the enactment of this Act, to the Committees specified in subparagraph (A) on the progress of efforts to create such procedures and mechanisms, (d) EXPORT-IMPORT BANK PROVISIONS. — (1) INCREASE IN AMOUNTS AUTHORIZED TO BE APPROPRIATED FOR THE TIED AID CREDIT FUND; EXTENSION OF AUTHORIZATION.—Section 15(e)(l) of the Export-Import Bank Act of 1945 (12 U.S.C. 635i-3(e)(l)) is amended by striking "and for fiscal years 1990 and 1991, $300,000,000" and inserting "for fiscal year 1990, $300,000,000, and for each of fiscal years 1991 and 1992, $500,000,000".

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