Page:United States Statutes at Large Volume 80 Part 1.djvu/835

 80 STAT. ]

PUBLIC LAW 89.583-SEPT. 19, 1966

799

TITLE VI—ALLIANCE FOR PROGRESS

SEC. 105. Title VI of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to the Alliance for Progress, is amended as follows: (a) Section 251, which relates to general authority, is amended as 77 76 Stat. 257; Stat. 382. follows: 22 USC 2211. (1) I n the second sentence of subsection (b), strike out "and" at the end of clause (3) and strike out the period at the end of the sentence and insert a semicolon and the following: "(5) the degree to which the recipient country is making progress toward respect for the rule of law, freedom of expression and of the press, and recognition of the importance of individual freedom, initiative, and private enterprise; (6) the degree to which the recipient country is taking steps to improve its climate for private investment; (7) whether or not the activity to be financed will contribute to the achievement of selfsustaining growth; and (8) the extent to which the activity to be financed will contribute to the economic or political integration of Latin America." (2) A t the end of such section add the following new subsection: " (h) Loans may be made under authority of this title only for social and economic development projects and programs which are consistent with the findings and recommendations of the Inter-American Committee for the Alliance for Progress in its annual review of national development activities. Whenever the President determines that the purposes of this title would be better served thereby, he may make avanable, in addition to any other funds available for such purposes, on such terms and conditions as he determines, not to exceed 15 per centum of the funds made available for this title to the InterAmerican Development Bank, or to any of the institutions named in section 205, for use pursuant to the laws governing United States "*"'*' ^' ''^'^• participation in the said Bank or in such institutions and the governing statutes thereof and without regard to section 201 or any other requirements of this or any other Act." (b) Section 252, which relates to authorization, is amended as 22 USC 2212 follows: (1) I n the first sentence, strike out "use beginning" the first place it appears and all that follows down through "year 1966" and insert in lieu thereof "the fiscal year 1967, $696,500,000, and for each of the fiscal years 1968 and 1969, $750,000,000, which amounts are authorized to remain available until expended and which, except for not to exceed $100,000,000 in each such fiscal year". (2) I n the second sentence, strike out "1964 through 1966" and insert in lieu thereof "1968 and 1969". (3) I n the last sentence, strike out "June 30, 1965 and June 30, 1966" and insert in lieu thereof "June 30, 1967, through June 30, 1969". TITLE VIII — S O U THE A S T ASIA MULTILATERAL AND REGIONAL PROGRAMS 22 SEC. 106. Chapter 2 of part I of the Foreign Assistance Act of 1961, 2216. u s e 2161as amended, is amended by adding at the end thereof the following new titles: " TITLE VIII — S O U THE A S T ASIA MULTILATERAL AND REGIONAL PROGRAMS

271. GENERAL PROVISIONS.—The acceleration of social and economic progress in southeast Asia is important to the achievement of the United States foreign policy objectives of peace and stability in that area. I t is the sense of Congress that this objective would be "SEC.

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