To provide for the reduction of agricultural program debt and for donations of grain to the countries of the former Soviet Union in exchange for certain actions on their part.
Debt for Democracy Act of 1993 - Authorizes the President to reduce the amount of qualifying debt owed to the U.S. Government by, and make donations of grain to, an independent state of the former Soviet Union that enters into an agreement to: (1) dismantle nuclear weapons or other military-related objects and facilities; or (2) grant an equity interest in a state-owned enterprise equal to the amount of debt reduction to a nongovernmental business entity in the United States that agrees to repay the amount of debt that has been reduced.
Defines a "qualifying debt" as a debt resulting from activities under authority of the Secretary of Agriculture, the Commodity Credit Corporation, or any Department of Agriculture entity.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E508-509)
Referred to the House Committee on Foreign Affairs.
Referred to the Subcommittee on International Security, International Organizations and Human Rights.
Referred to the Subcommittee on Economic Policy, Trade and Environment.
Referred to the Subcommittee on Europe and the Middle East.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line