Japan-United States Friendship Act

(Conference report filed in House, H. Rept. 94-526)

Japan-United States Friendship Act - Establishes the Japan-United States Friendship Trust Fund, consisting of amounts to be used for the promotion of scholarly, cultural, and artistic activities between Japan and the United States.

Authorizes appropriations to the Fund, for fiscal year 1976, in an amount equal to 7.5 percent of the total funds payable to the United States pursuant to the Agreement Between Japan and the United States of America Concerning the Ryukyu Islands and the Daito Islands; and those funds available in United States accounts in Japan and transferred by the Government of Japan to the United States pursuant to the United States request made under article V of the agreement between the United States of America and Japan regarding the settlement of Postwar Economic Assistance to Japan, and the exchange of notes thereunder.

Establishes the Japan-United States Friendship Commission, which shall: (1) develop and carry out programs at public or private institutions for the promotion of scholarly, cultural, and artistic activities in Japan and the United States; and (2) make grants to carry out such programs.

Requires the Commission to report annually to the President and the Congress on its activities under this Act.