Page:United States Statutes at Large Volume 109 Part 1.djvu/105

 109 STAT. 89 Maritime affairs. L.R. BEATTIE. PUBLIC LAW 104-6 —APR. 10, 1995 to exceed $35,000,000 shall be available for obligation prior to October 1, 1996.". TITLE III—MISCELLANEOUS SEC. 301. Notwithstanding sections 12106, 12107, and 12108 of title 46, United States Code, and section 27 of the Merchant Marine Act, 1920 (46 App. U.S.C. 883), as applicable on the date of enactment of this Act, the Secretary of Transportation may issue a certificate of documentation for the vessel L. R. BEATTIE, United States official number 904161. TITLE IV—MEXICAN DEBT DISCLOSURE ACT OF 1995 Mexican Debt Disclosure Act of SEC. 401. SHORT TITLE. 1995. 31 USC 5302 This title may be cited as the "Mexican Debt Disclosure Act note. of 1995". SEC. 402. FINDINGS. The Congress finds that— (1) Mexico is an important neighbor and trading partner of the United States; (2) on January 31, 1995, the President approved a program of assistance to Mexico, in the form of swap facilities and securities guarantees in the amount of $20,000,000,000, using the exchange stabilization fund; (3) the program of assistance involves the participation of the Board of Governors of the Federal Reserve System, the International Monetary Fund, the Bank for International Settlements, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Bank of Canada, and several Latin American countries; (4) the involvement of the exchange stabilization fund and the Board of Governors of the Federal Reserve System means that United States taxpayer funds will be used in the assistance effort to Mexico; (5) assistance provided by the International Monetary Fund, the International Bank for Reconstruction and Development, and the Inter-American Development Bank may require additional United States contributions of taxpayer funds to those entities; (6) the immediate use of taxpayer funds and the potential requirement for additional future United States contributions of taxpayer funds necessitates congressional oversight of the disbursement of funds; and (7) the efficacy of the assistance to Mexico is contingent on the pursuit of sound economic policy by the Government of Mexico. SEC. 403. PRESIDENTIAL REPORTS. (a) REPORTING REQUIREMENT. — Not later than June 30, 1995, and every 6 months thereafter, the President shall transmit to the appropriate congressional committees a report concerning all guarantees issued to, and short-term and long-term currency swaps with, the Government of Mexico by the United States Government, including the Board of Governors of the Federal Reserve System. (b) CONTENTS OF REPORTS.— Each report described in subsection (a) shall contain a description of the following actions taken, or

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