Page:United States Statutes at Large Volume 81.djvu/481

 81

PUBLIC LAW 90-137-NOV. 14, 1967

STAT.]

447

"Seventh, to the maximum extent practicable, the furnishing of agricultural commodities, disposal of excess property, and United States payments to international lending institutions, undertaken pursuant to this or any other Act, shall complement and be coordinated with assistance provided under this part. " I t is the sense of the Congress that every effort must be made to ...

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obtain a permanent peace m the Middle Jiiast. To help promote that efforts. objective, the United States should encourage, as part of pacific settlement, direct talks among the parties concerned, using such third party or United Nations assistance as they may wish. To this end, the President should undertake immediately (1) a thorough review of the needs of the several countries of that area, and (2) a reevaluation of United States policies aimed at helping meet those needs and securing a permanent peace in the area, " I t is further the sense of the Congress that in any case in which any foreign country has severed diplomatic relations with the United States, the President should suspend assistance to such country under this or any other Act, including any program designed to complement assistance under this Act (such as sales of agricultural commodities under the Agricultural Trade Development and Assistance Act of 68 Stat. 454. 1954). When diplomatic relations are resumed, a further study should 7 USC 1691 be made on a country-by-country basis to determine whether United note^ States foreign policy objectives would be served by extending assistance under this or any other Act, including any program designed to complement such assistance." . CHAPTER 2—DEVELOPMENT ASSISTANCE TITLE I—^DEVELOPMENT LOAN

FUND

SEC. 102. Title I of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to the Development Loan Fund, is amended as follows: (a) Section 201(b), which relates to general authority, is amended ^ostlT^igV^' by striking out the last sentence and inserting in lieu thereof: "Funds 22 USC 2161. made available under this title, except funds made available pursuant to section 205, shall not be used to make loans in more than twenty ^o Stat. 797. ,.

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22 USC 2165.

countries m any nscal year. (b) Section 201(d), which relates to rates of interest, is amended by striking out "1964" and substituting "1967" and by striking out "1 per centum" and substituting "2 per centum". (c) Section 202(a), which relates to authorization, is amended (1) ^ | ^'^VOQ?''' by striking out "and $750,000,000 for each of the fiscal years 1968 so stat! 796 '797. and 1969" and substituting "and $450,000,000 for the fiscal year 1968", 22 USC 2i62. and (2) by striking out "June 30, 1969" and substituting "June 30, 1968". (d) Section 205, which relates to transfers to international lending institutions, is amended as follows: (1) Strike out "only". (2) Strike out "or the International Finance Corporation" and substitute "the International Finance Corporation, or the Asian Development Bank". 85-622 0-68—31

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