annual foreign assistance report

annual foreign assistance report Sec. 502. (a) Chapter 2 of part III of the Foreign Assistance Act of 1961 is amended— (1) by striking out “(c)” in section 634(c) and inserting in lieu thereof “Sec. 633A. Furnishing Information.—” and by inserting such redesignated section immediately after section 633; and (2) by striking out the remaining provisions of section 634 and inserting in lieu thereof the following: “Sec. 634. Annual Report.— (a) In order that the Congress and the American people may be better and more currently informed regarding United States development policy, including the amounts and effectiveness of assistance provided by the United States Government to developing countries and international organizations, the Chairman of the Development Coordination Committee shall transmit to the Congress not later than February 1 of each year a report on foreign assistance for the fiscal year ending the previous September 30. The report shall include— “(1) (A) a comprehensive and coordinated review of all United States policies and programs having a major impact on the development of developing countries, including but not limited to bilateral and multilateral assistance, trade, debt, employment, food, energy, technology, population, oceans, environment, human settlements, natural resources, and participation in international agencies concerned with development; “(B) an assessment of the impact of such policies and programs on the well-being of the poor majority in developing countries in accordance with the policy objectives of chapter 1 of part I, including the progress developing countries are making toward achieving those objectives which are indicative of improved wellbeing of the poor majority, which objectives shall include but not be limited to increasing life expectancy and literacy, lowering infant mortality and birth rates, and increasing food production and employment; and “(C) an assessment of the impact of such policies and programs on economic conditions in the United States, including but not limited to employment, wages, and working conditions; “(2) the dollar value of all foreign assistance and guaranties by category and by country provided or made by the United States Government by any means to all foreign countries and international organizations— “(A) from 1946 to the fiscal year immediately preceding the fiscal year for which the report is required; 92 STAT. 958 “(B) as presented to Congress for the immediate preceding fiscal year; “(C) as obligated during the immediately preceding fiscal year; “(D) as planned for the fiscal year in which the report is presented; and “(E) as proposed for the fiscal year following the year in which the report is presented; “(3) a summary of repayments, by country, to the United States from previous foreign assistance loans; “(4) the status of each loan and each contract of guaranty or insurance theretofore made under this Act, predecessor Acts, or any Act authorizing international security assistance, with respect to which there remains outstanding any unpaid obligation or potential liability; the status of each extension of credit for the procurement of defense articles or defense services, and of each contract of guarantee in connection with any such procurement, theretofore made under the Arms Export Control Act with respect to which their remains outstanding any unpaid obligation or potential liability; the status of each sale of agricultural commodities on credit terms, theretofore made under the Agricultural Trade Development and Assistance Act of 1954 with respect to which there remains outstanding any unpaid obligation; and the status of each transaction with respect to which a loan, contract or guarantee of insurance, or extension of credit (or participation therein) was theretofore made under the Export-Import Bank Act of 1945 with respect to which there remains outstanding any unpaid obligation or potential liability; except that such report shall include individually only any loan, contract, sale, extension of credit, or other transaction listed in this paragraph which is in excess of $1,000,000; “(5) (A) the status of the debt servicing capacity of each country receiving assistance under this Act; “(B) all forms of debt relief granted by the United States with respect to such countries, together with a detailed statement of the specific debt relief granted with respect to each such country and the purpose for which it was granted; and “(C) a summary of the net aid flow from the United States to such countries, taking into consideration the debt relief granted by the United States; and “(6) such other matters relating to foreign assistance provided by the United States Government under part I as the Chairman of the Development Coordination Committee considers appropriate. “(b) For purposes of this section— “(1) ‘foreign assistance’ means any tangible or intangible item provided by the United States Government to a foreign country or international organization under this or any other Act, including but not limited to any training, service, or technical advice, any item of real, personal, or mixed property, any agricultural commodity, United States dollars, and any currencies of any foreign country which are owned by the United States Government; and “(2) ‘provided by the United States Government’ includes, but is not limited to, foreign assistance provided by means of gift, loan, sale, credit, or guaranty.”. 92 STAT. 959 (b) Part III of the Foreign Assistance Act of 1961 is amended by redesignating section 671 as section 634A and by inserting such redesignated section immediately after section 631. (c) Part III of such Act, as amended by subsection (b) of this section, is further amended by adding the following new section immediately after new section 634A: “Sec. 634B. Classification or Reports.— All information contained in any report transmitted under this Act shall be public information. However, in the case of any item of information to be included in any such report that the President, on an extraordinary basis, determines is clearly detrimental to the security of the United States, he shall explain in a supplemental report why publication of each specific item would be detrimental to the security of the United States. A supplemental report shall be transmitted to the Congress at the time the report is transmitted.”. (d) (1) Title XI of chapter 2 of part I and sections 120(d), 222A (j), 495C(e), 620(w), 621A(c), 640B(d), and 657 of the Foreign Assistance Act of 1961 are repealed. (2) Section 640B(g) of such Act is amended by striking out “subsection (d), the President” and inserting in lieu thereof “section 634, the Chairman of the Committee”.