Page:United States Statutes at Large Volume 94 Part 1.djvu/482

 94 STAT. 432

22 USC 262d. 22 USC 262d "°^-

PUBLIC LAW 96-259—JUNE 3, 1980 (b) Such section is further amended by adding at the end thereof the following new subsection: "(g)(1) The Secretary of the Treasury, in consultation with the Secretary of State, shall report quarterly to the chairmen and ranking minority members of the Committee on Banking, Finance and Urban Affairs of the House of Representatives, the Subcommittee on International Development Institutions and Finance of such Committee, and the Committee on Foreign Relations of the Senate, in each instance in which the United States Executive Director of an institution listed in subsection (a) opposes any loan, financial assistance, or technical assistance for reasons regarding human rights. Each such report shall include— "(A) the reasons for such opposition; "(B) all policy considerations taken into account in reaching the decision to oppose such loan, financial assistance, or technical assistance; "(C) a description of the human rights conditions in the country involved; "(D) a record of how the United States Government voted on all other loans, financial assistance, and technical assistance to such country during the preceding two years; and "(E) information as to how the decision to oppose such loan, financial assistance, or technical assistance relates to overall United States Government policy on human rights in such country. "(2) The Secretary of the Treasury or his delegate shall consult frequently and in a timely manner with the chairmen and ranking minority members specified in paragraph (1) to inform them regarding any prospective changes in policy direction toward countries which have or recently have had poor human rights records.". (c) Title VII of the Act of October 3, 1977, is amended by adding at the end thereof the following new section: "SEC. 705. The President shall direct the United States Governor of the International Bank for Reconstruction and Development, the United States Governor of the International Finance Corporation, the United States Governor of the International Development Association, the United States Governor of the Inter-American Development Bank, the United States Governor of the Asian Development Bank, and the United States Governor of the African Development Fund, to consult with the other Governors of those institutions concerning adoption of an amendment to the Articles of Agreement of their respective institutions to establish human rights standards to be considered in connection with each application for assistance.". TITLE VI—USE OF RENEWABLE RESOURCES FOR ENERGY PRODUCTION

22 USC 262j "°*®'

SEC. 601. The Congress finds that— (1) without an adequate supply of energy at affordable prices the world's poor will continue to be deprived of jobs, food, water, shelter, and clothing, and poor countries will continue to be economically and politically unstable; (2) dependence on increasingly expensive fossil fuel resources consumes too much of the capital available to poor countries with the result that funds are not available to meet the basic needs of poor people;

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