Foreign Assistance Act

(LATEST SUMMARY)

Mutual Development and Cooperation Act - Transfers the office and functions of the Agency for International Development to the Mutual Development and Cooperation Agency, which shall have the responsibility for coordinating all United States development-related activities. States that economic development programs should provide stability and protection for U.S. private investments.

Authorizes $300,000,000 annually for fiscal years 1974-75 to be appropriated to the President to furnish assistance to people living in rural overseas areas for agriculture, rural development, and nutrition. Authorizes appropriations of $150,000,000 annually for fiscal years 1974-1975 for population planning and health; $90,000,000 annually for education, public administration, and human resource development; and $60,000,000 annually to support the general economy of recipient countries or for development programs.

Authorizes appropriations of $20,000,000 annually for fiscal years 1974 and 1975 for technical cooperation and development grants under the Foreign Assistance Act. Authorizes appropriations for housing guaranties, the overseas private investment corporation, and the alliance for progress.

Directs the President, acting through the United Nations, to seek the establishment of a profressionally qualified group to provide independent reviews and evaluations of the activities of the United Nations and its affiliated organizations including the International Atomic Energy Agency. Authorizes approrpriations for specified programs under the Foreign Assistance Act.

Requires the President to submit to the Speaker of the House and the Senate Foreign Relations Committee the programming and obligations of foreign assistance relating to international narcotics control.

Authorizes the President to use up to $2,000,000 of specified appropriated funds to assist friendly countries in the procurement of technical assistance for developing: (1) natural resources of interest to the United States; (2) a favorable trade climate; and (3) markets for United States exports.

Establishes an international military education and training program. Enumerates the purposes of such program. Authorizes the President to provide such training and education by grant, contract or otherwise. Authorizes appropriations of $30,000,000 to carry out such purposes. Sets forth the definition of "Military Education and Training" under this Act.

Prohibits Foreign Assistance to any national which seizes U.S. property unless the President determines that effective compensation will be made.

Requires the President's report to contain assurances that North Vietnam is cooperating in accounting for any remaining POW's and MIA's in order to waive the prohibition against assistance to countries trading with North Vietnam.

Provides that specified personnel serving the Agency for International Development shall become participants in the Foreign Service Retirement and Disability System.

Requires the President to transmit specified reports to the Congress. Requires the President to report to Congress on any use by Portugal of its assistance funds to support military activities in its African colonies, and provides for suspension of such funds.

Empowers the President to furnish famine or disaster relief abroad on such terms and conditions as he may determine.

Directs the President to establish a system for coordination of United States policies and programs which affect U.S. interests in the development of low-income countries. Authorizes the establishment of a development coordination committee to advise the President on coordination of policies and programs in developing countries, including bilateral and mutilateral development assistance programs.

Requires the Secretary of Defense and Secretary of State to submit an annual report on the North Atlantic Treaty Military Organization.

Authorizes the President to furnish relief and reconstruction assistance to South Vietnam, Cambodia and Laos. Authorizes $632,000,000,00 for this purpose for fiscal year 1974. States that (1) $712,000 of such funds shall be allocated to the center for plastic and reconstructive surgery in Saigon; and (2) $5,000,000 of such funds for assistance to South Vietnamese children.

Provides, under the Foreign Military Sales Act, that no sophisticated weapons shall be furnished to any foreign country which has violated agreements under such Act or under the Mutual Development and Cooperation Act.

Directs the President to seek a revision of the Social Progress Trust Fund Agreement between the United States and the Inter-American Development Bank.

Prohibits the use of any of the authorized funds to aid in the reconstruction of North Vietnam unless Congress so authorizes.