Pub. L. 88-205, pt. I, ch. 1, sec. 101

Sec. 101. Chapter 1 of part. I of the Foreign Assistance Act of 1961, as amended, is amended as follows: (a) In the chapter heading strike out the words “Short Title and”. (b) Section 101, which relates to short, title, is repealed. (c) Section 102, which relates to statement of policy, is amended as follows: (1) Insert, between the fourth and fifth paragraphs the following additional paragraph: “It is the sense of the Congress that the institution of full investment guaranty programs under title III of chapter 2 of this part with all recipient countries would be regarded as a significant, measure of self-help by such countries improving the climate for private investment both domestic and foreign.”. (2) In the last sentence of the seventh paragraph, strike out “should emphasize long-range development, assistance” and insert in lieu thereof “shall emphasize long-range development assistance”. (3) Immediately after the tenth paragraph insert the following new paragraph: “It is tne sense of the Congress that, in the administration of programs of assistance under chapter 2 of this part, every possible precaution should be taken to assure that such assistance is not diverted to short-term emergency purposes (such as budgetary purposes, balance-of-payments purposes, or military purposes) or any other purpose not. essential to the long-range economic development of recipient countries.” (4) The first, sentence of the last paragraph is amended by striking out “Finally, the” and substituting “The”, and by inserting “(including private enterprise within such countries)” immediately after “countries”. (5) Immediately after the first sentence of the last, paragraph insert the following new sentence: “In particular, the Congress 77 Stat. 380urges that other industrialized free-world countries increase their contributions and improve the forms and terms of their assistance so that the burden of the common undertaking, which is for the benefit of all, shall be equitably borne by all.” (6) Immediately after the last paragraph, add the following new paragraph: “It is the sense of the Congress that assistance authorized by this Act should be extended to or withheld from the government of South Vietnam, in the discretion of the President, to further the objectives of victory in the war again communism and the return to their home-land of Americans involved in that struggle.”