H.R. 3139 — To amend the Japan-United States Friendship Act to recapitalize the Friendship Trust Fund, to broaden investment authority, and to strengthen criteria for membership on the Japan-United States Friendship Commission.

Summary

Amends the Japan-United States Friendship Act to authorize appropriations for the Japan-United States Friendship Trust Fund.

Sets forth requirements for the members of the United States Panel of the Joint Committee on United States-Japan Cultural and Educational Cooperation.

Requires certain investment duties of the Secretary of the Treasury involving the Fund to be taken at the direction of the Chairman of the Japan-United States Friendship Commission. Permits investments only in instruments of public debt with maturities suitable to the Fund's needs (currently, in interest-bearing obligations of or guaranteed by the United States).

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S. 768A bill to amend the Japan-United States Friendship Act to recapitalize the Friendship Trust Fund, to broaden investment authority, and to strengthen criteria for membership on the Japan-United States Friendship Commission.
1993-04-02Read twice and referred to the Committee on Foreign Relations.
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Legislative Actions

1993-09-27
Introduced in House
1993-09-27
Introduced in House
1993-09-27
Referred to the House Committee on Foreign Affairs.
1993-09-29
Sponsor introductory remarks on measure. (CR E2267)
1993-10-12
Referred to the Subcommittee on Asia and the Pacific.
1993-10-12
Referred to the Subcommittee on International Operations.

To amend the Japan-United States Friendship Act to recapitalize the Friendship Trust Fund, to broaden investment authority, and to strengthen criteria for membership on the Japan-United States Friendship Commission.

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