Page:United States Statutes at Large Volume 83.djvu/849

 83 STAT. ]

PUBLIC LAW 91-175-DEC. 30, 1969

" (B) the degree to which the recipient or purchasing country is using its foreign exchange resources to acquire military equipment; and " (C) the amount spent by the recipient or purchasing country for the purchase of sophisticated weapons systems, such as missile systems and jet aircraft for military purposes, from any country. "(2) The President shall report annually to the Speaker of the House of Representatives and the Committee on Foreign Relations of the Senate his actions in carrying out this provision." (b) Section 620(v) of such Act is repealed. SEC. 304. Section 624(d) of such Act, relating to the duties of the Inspector General, Foreign Assistance, is amended— (1) by inserting in paragraph (2)(A), after the words "under part I of this Act", the following: "(including the Overseas Private Investment Corporation), and under part IV of the Foreign Assistance Act of 1969 (the Inter-American Social Development Institute)"; (2) by inserting in paragraph (5), before the period at the end of the first sentence, the following: "and part IV of the Foreign Assistance Act of 1969"; and (3) by inserting in the first sentence of paragraph (7), immediately after "programs under part I or II of this Act," the following: "and part IV of the Foreign Assistance Act of 1969,". SEC. 305. Section 634(a) of such Act, relating to reports and information, is amended— (1) by inserting in the first sentence, after the words "concerning operations", the following: "(other than those reported pursuant to section 240A)"; and (2) by striking out of the last sentence the following: "on the operation of the investment guaranty program and". SEC. 306. Section 636(f) of such Act, relating to use of funds, is amended by inserting immediately before the period at the end thereof the following: "or by the Corporation established under title IV of chapter 2 of part I with respect to loan activities which it carries out under the provisions of the Agricultural Trade Development and Assistance Act of 1954, as amended". SEC. 307. Section 637(a) of such Act, relating to administrative expenses, is amended by striking out "fiscal year 1969, $53,000,000" and inserting in lieu thereof "fiscal year 1970, $51,125,000, and for the fiscal year 1971, $51,125,000". SEC. 308. Section 643 of such Act, relating to savings provisions, is amended by inserting after "section 642(a)" and "section 642(a)(2) " each time they appear the following: "and the Foreign Assistance Act of 1969". P A R T IV — I N T E R - AMERICA N SOCIAL DEVELOPMENT INSTITUTE SEC. 401. INTER-AMERICAN SOCIAL DEVELOPMENT INSTITUTE.— (a)

There is created as an agency of the United States of America a body corporate to be known as the "Inter-American Social Development Institute" (hereafter in this section referred to as the "Institute"). (b) The future of freedom, security, and economic development in the Western Hemisphere rests on the realization that man is the foundation of all human progress. I t is the purpose of this section to provide support for developmental activities designed to achieve conditions in the Western Hemisphere under which the dignity and the worth of each human person will be respected and under which all

821

Reports to con^'"^^^' Repeal. ^^ "^^ ^^''°* ^s Stat. 447; ^22 USC"384.

22 us^c 2394

Ante, p. s is. 75 s t a t. 459. 22 USC 2396.

68 Stat. 454; ^"y^u^sc \^f{ note. 75 st^at^. 46o^ 22 e "^ 'u"s ^ 2402. "'""

�