Page:United States Statutes at Large Volume 106 Part 4.djvu/928

 106 STAT. 3664 PUBLIC LAW 102-549—OCT. 28, 1992 Enterprise for the Americas Act of 1992. TITLE VI—ENTERPRISE FOR THE AMERICAS INITIATIVE 22 USC 2151 note. 22 USC 2430. 22 USC 2430a. 22 USC 2430b. SEC. 801. SHORT TITLE. This title may be cited as the 'Enterprise for the Americas Act of 1992". SEC. 602. FOREIGN ASSISTANCE ACT DEBT REDUCTION. (a) AUTHORIZATION. —The Foreign Assistance Act of 1961 is amended by adding at the end the following new part: INITIATIVE 'SEC. 701. PURPOSE. The purpose of this part is to encourage and support improvement in the hves of the people of Latin America and the Caribbean through market-orientea reforms and economic growth with interrelated actions to promote debt reduction, investment reforms, community based conservation, and sustainable use of the environment, and child survival and child development. The Facility will support these objectives through administration of debt reduction operations under this part for those countries with democratically elected governments that meet investment reforms and other policy conditions. '*8EC. 702. DEFINITIONS. "For purposes of this part— '^1) the term 'administering body* means the entity provided for in section 708(c); "(2) the term 'Americas Framework Agreement' means an Americas Framework Agreement provided for in section 708; "(3) the term 'Americas Fund' means an Enterprise for the Americas Fiuid provided for in section 707(a); "(4) the term 'appropriate congressional committees' means the Committee on Foreign Affairs and the Committee on Appropriations of the House of Representatives and the Committee on Foreign Relations and the Committee on Appropriations of the Senate; "(5) the term 'beneficiary countr/ means an eligible country with respect to which the authority of section 704(a)(l) is exercised; "(6) the term 'eligible countiy mecms a country designated by the President in accordance with section 703; "(7) the term 'Enteiprise for the Americas Board' or 'Board' means the board established by section 610 of the Agricultural Trade Development and Assistance Act of 1954; and "(8) the term 'Facility* means the Enterprise for the Americas Facility established in the Department of the Treasury by section 601 of that Act. 'SEC. 703. ELIGIBILnY FOR BENEFITS. "(a) REQUIREMENTS. —To be eligible for benefits from the Facility under this part, a country must be a Latin American or Caribbean country— "(1) whose government is democratically elected;
 * PART IV—ENTERPRISE FOR THE AMERICAS

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