To implement a system of requirements on the importation of diamonds, and for other purposes.
(Sec. 5) Authorizes the President to prohibit specific entries of polished diamonds and jewelry containing diamonds if the President has credible evidence that such polished diamonds and jewelry were produced with conflict diamonds.
(Sec. 6) Sets forth both civil and criminal penalties for the import of prohibited diamonds and jewelry into the United States.
(Sec. 7) Requires the President to report to Congress with respect to those countries that are involved in the export of conflict diamonds to the United States, including measures taken by the United States and such countries to ensure that such diamonds are not being imported into the United States.
(Sec. 8) Requires the Comptroller General of the United States to report to Congress on the effectiveness of the provisions of this Act in preventing the importation of conflict diamonds into the United States.
(Sec. 9) Expresses the sense of Congress that: (1) the President should take the necessary steps to negotiate an international agreement to eliminate the trade in conflict diamonds and seek UN Security Council Resolutions for countries that are involved in conflicts linked to rough diamonds; (2) the provisions of this Act should not impede the trade in legitimate diamonds with countries that are working to eliminate trade in conflict diamonds, including through the negotiation of an effective international agreement to eliminate trade in conflict diamonds; and (3) companies involved in diamond extraction and trade should make financial contributions to countries seeking to implement measures to stop trade in conflict diamonds if such countries would have financial difficulty implementing such measures.
(Sec. 10) Authorizes appropriations.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade.
Mr. Thomas moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8378-8386)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2722.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H8431)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 6 (Roll no. 453).(text: CR 11/27/2001 H8386-8387)
Roll Call #453 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 6 (Roll no. 453). (text: CR 11/27/2001 H8386-8387)
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Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 248.