Amends the Foreign Assistance Act of 1961 to authorize appropriations to the President for fiscal year 1981 for relief, rehabilitation, and reconstruction assistance for the victims of the recent earthquakes in southern Italy. States that such assistance shall be provided in accordance with specified congressional policies and authorities. Authorizes amounts appropriated under this Act to remain available until expended.
Allows obligations previously incurred for the purposes specified in this Act to be charged to such appropriations.
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