A bill to amend the International Education Act of 1966 to provide for the establishment under that act of an Asian Studies Institute.

Establishes the Asian Studies Institute in order to achieve greater understanding in the United States about nations of Asia and the Pacific.

Authorizes to be appropriated to carry out this title the sum of $10,000,000 for the fiscal year 1974, $15,000,000 for the fiscal year 1975, $20,000,000 for the fiscal year 1976, $25,000,000 for the fiscal year 1977, and such sums as may be necessary for each succeeding fiscal year.

Provides for the construction, maintenance, and operation of a library which will be adequate to meet the needs of the Asian Studies Institute.

Authorizes to be appropriated the sum of $5,000,000 for the fiscal year 1974 for the construction of the library and there is further authorized to be appropriated such sums as may be necessary for the maintenance and operation of such library.