Page:United States Statutes at Large Volume 104 Part 5.djvu/371

 wprntrnf' PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3693 ious sectors of the food and rural business systems of the United States. (8) USE OF CCC. — The Secretary shall implement this subsection through the funds and facilities of the Commodity Credit Corporation. The authority provided under this subsection shall be in addition to and not in place of any other authority of the Secretary or the Commodity Credit Corporation. (9) LEVEL OF ASSISTANCE.— The Secretary shall provide assistance under this subsection of not more than $5,000,000 in any fiscal year. (e) FOREIGN DEBT BURDENS.— (1) EFFECT OF CREDITS. —In carrying out the program described in subsection (a), the Secretary of Agriculture shall ensure that the credits for which repa3ment is guaranteed under subsection (a) do not negatively affect the political and economic situation in emerging democracies by excessively adding to the foreign debt burdens of such countries. (2) CONSULTATION AND REPORT. —Not later than 6 months after the effective date of this title, and not later than the end of each 6-month period occurring thereafter, the Secretary of Agriculture, in consultation with other appropriate Federal departments, shall prepare and transmit to the Committee on Foreign Affairs and the Committee on Agriculture of the House of Representatives, and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report to Eissist the Congress in assessing the extent to which credits for which repayment is guaranteed under subsection (a) meet the requirements of paragraph (1). The report shall include— (A) the amount and allocation, by country, of credit guarantees issued under subsection (a);. (B) the aggregate foreign debt burdens of countries receiving commodities or facilities under such credit guarantees, expressed in terms of debt on account of agricultural commodities or products thereof, or facilities for which guarantees may be made under subsection (a)(l)(B), and all other debt; (C) the activities of creditor governments and private creditors to reschedule or reduce payments due on existing debt owed to such creditors by a country in cases where such country has been unable to fully meet its debt obligations; and (D) an analysis of— (i) the economic effects of the foreign debt burden of each recipient country, and in particular the economic effects on each recipient country of the credits for which repayment is guaranteed under subsection (a); and (ii) the relationship between any negative economic effects on any recipient country caused by its overall foreign debt burden and debt incurred under subsection (a) and such country's political stability. (f) EMERGING DEMOCRACY. — As used in this section, the term "emerging democracy" means any country that, as determined by the President, is taking steps toward— (1) political pluralism, based on progress toward free and feiir elections and a multiparty political system;

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