Home > 106th Congressional Bills > H.R. 1664 (rfs) Making emergency supplemental appropriations for military operations, refugee relief, and humanitarian assistance relating to the conflict in Kosovo, and for military operations in Southwest Asia for the fiscal year ending September 30, 19...

H.R. 1664 (rfs) Making emergency supplemental appropriations for military operations, refugee relief, and humanitarian assistance relating to the conflict in Kosovo, and for military operations in Southwest Asia for the fiscal year ending September 30, 19...


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106th CONGRESS
  1st Session
                                H.R. 1664


Rule___________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 18, 1999

    Ordered to be printed with the amendments of the Senate numbered

_______________________________________________________________________

                                 AN ACT


 
 Making emergency supplemental appropriations for military operations, 
refugee relief, and humanitarian assistance relating to the conflict in 
 Kosovo, and for military operations in Southwest Asia for the fiscal 
        year ending September 30, 1999, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That the following sums 
are appropriated, out of any money in the Treasury not otherwise 
appropriated, for the fiscal year ending September 30, 1999, and for 
other purposes, namely:

                               CHAPTER 1

                    (1)<DELETED>DEPARTMENT OF STATE

          <DELETED>Administration of Foreign Affairs</DELETED>

          <DELETED>diplomatic and consular programs</DELETED>

<DELETED>    Notwithstanding section 15 of the State Department Basic 
Authorities Act of 1956, an additional amount for ``Diplomatic and 
Consular Programs'', $17,071,000, to remain available until expended: 
Provided, That the entire amount is designated by the Congress as an 
emergency requirement pursuant to section 251(b)(2)(A) of the Balanced 
Budget and Emergency Deficit Control Act of 1985, as amended.</DELETED>

 <DELETED>security and maintenance of united states missions</DELETED>

<DELETED>    Notwithstanding section 15 of the State Department Basic 
Authorities Act of 1956, an additional amount for ``Security and 
Maintenance of United States Missions'', $50,500,000, to remain 
available until expended, of which $45,500,000 shall be available only 
to the extent that an official budget request for a specific dollar 
amount that includes the designation of the entire amount of the 
request as an emergency requirement as defined in the Balanced Budget 
and Emergency Deficit Control Act of 1985, as amended, is transmitted 
by the President to the Congress: Provided, That the entire amount is 
designated by the Congress as an emergency requirement pursuant to 
section 251(b)(2)(A) of the Balanced Budget and Emergency Deficit 
Control Act of 1985, as amended.</DELETED>

 <DELETED>emergencies in the diplomatic and consular service</DELETED>

<DELETED>    Notwithstanding section 15 of the State Department Basic 
Authorities Act of 1956, an additional amount for ``Emergencies in the 
Diplomatic and Consular Service'', $2,929,000, to remain available 
until expended, of which $500,000 shall be transferred to the Peace 
Corps and $450,000 shall be transferred to the United States 
Information Agency, for evacuation and related costs: Provided, That 
the entire amount is designated by the Congress as an emergency 
requirement pursuant to section 251(b)(2)(A) of the Balanced Budget and 
Emergency Deficit Control Act of 1985, as amended.</DELETED>

SEC. 101. EMERGENCY STEEL LOAN GUARANTEE PROGRAM.

    (a) Short Title.--This chapter may be cited as the ``Emergency 
Steel Loan Guarantee Act of 1999''.
    (b) Congressional Findings.--Congress finds that--
            (1) the United States steel industry has been severely 
        harmed by a record surge of more than 40,000,000 tons of steel 
        imports into the United States in 1998, caused by the world 
        financial crisis;
            (2) this surge in imports resulted in the loss of more than 
        10,000 steel worker jobs in 1998, and was the imminent cause of 
        3 bankruptcies by medium-sized steel companies, Acme Steel, 
        Laclede Steel, and Geneva Steel;
            (3) the crisis also forced almost all United States steel 
        companies into--
                    (A) reduced volume, lower prices, and financial 
                losses; and
                    (B) an inability to obtain credit for continued 
                operations and reinvestment in facilities;
            (4) the crisis also has affected the willingness of private 
        banks and investment institutions to make loans to the United 
        States steel industry for continued operation and reinvestment 
        in facilities;
            (5) these steel bankruptcies, job losses, and financial 
        losses are also having serious negative effects on the tax base 
        of cities, counties, and States, and on the essential health, 
        education, and municipal services that these government 
        entities provide to their citizens; and
            (6) a strong steel industry is necessary to the adequate 
        defense preparedness of the United States in order to have 
        sufficient steel available to build the ships, tanks, planes, 
        and armaments necessary for the national defense.
    (c) Definitions.--For purposes of this section:
            (1) Board.--The term ``Board'' means the Loan Guarantee 
        Board established under subsection (e).
            (2) Program.--The term ``Program'' means the Emergency 
        Steel Guarantee Loan Program established under subsection (d).
            (3) Qualified steel company.--The term ``qualified steel 
        company'' means any company that--
                    (A) is incorporated under the laws of any State;
                    (B) is engaged in the production and manufacture of 
                a product defined by the American Iron and Steel 
                Institute as a basic steel mill product, including 
                ingots, slab and billets, plates, flat-rolled steel, 
                sections and structural products, bars, rail type 
                products, pipe and tube, and wire rod; and
                    (C) has experienced layoffs, production losses, or 
                financial losses since the beginning of the steel 
                import crisis, in January 1998 or that operates 
                substantial assets of a company that meets these 
                qualifications.
    (d) Establishment of Emergency Steel Guarantee Loan Program.--There 
is established the Emergency Steel Guarantee Loan Program, to be 
administered by the Board, the purpose of which is to provide loan 
guarantees to qualified steel companies in accordance with this 
section.
    (e) Loan Guarantee Board Membership.--There is established a Loan 
Guarantee Board, which shall be composed of--
            (1) the Secretary of Commerce;
            (2) the Chairman of the Board of Governors of the Federal 
        Reserve System, who shall serve as Chairman of the Board; and
            (3) the Chairman of the Securities and Exchange Commission.
    (f) Loan Guarantee Program.--
            (1) Authority.--The Program may guarantee loans provided to 
        qualified steel companies by private banking and investment 
        institutions in accordance with the procedures, rules, and 
        regulations established by the Board.
            (2) Total guarantee limit.--The aggregate amount of loans 
        guaranteed and outstanding at any one time under this section 
        may not exceed $1,000,000,000.
            (3) Individual guarantee limit.--The aggregate amount of 
        loans guaranteed under this section with respect to a single 
        qualified steel company may not exceed $250,000,000.
            (4) Timelines.--The Board shall approve or deny each 
        application for a guarantee under this section as soon as 
        possible after receipt of such application.
            (5) Additional costs.--For the additional cost of the loans 
        guaranteed under this subsection, including the costs of 
        modifying the loans as defined in section 502 of the 
        Congressional Budget Act of 1974 (2 U.S.C. 661a), there is 
        appropriated $140,000,000 to remain available until expended.
    (g) Requirements for Loan Guarantees.--A loan guarantee may be 
issued under this section upon application to the Board by a qualified 
steel company pursuant to an agreement to provide a loan to that 
qualified steel company by a private bank or investment company, if the 
Board determines that--
            (1) credit is not otherwise available to that company under 
        reasonable terms or conditions sufficient to meet its financing 
        needs, as reflected in the financial and business plans of that 
        company;
            (2) the prospective earning power of that company, together 
        with the character and value of the security pledged, furnish 
        reasonable assurance of repayment of the loan to be guaranteed 
        in accordance with its terms;
            (3) the loan to be guaranteed bears interest at a rate 
        determined by the Board to be reasonable, taking into account 
        the current average yield on outstanding obligations of the 
        United States with remaining periods of maturity comparable to 
        the maturity of such loan;
            (4) the company has agreed to an audit by the General 
        Accounting Office prior to the issuance of the loan guarantee 
        and annually thereafter while any such guaranteed loan is 
        outstanding; and
            (5) In the case of a purchaser of substantial assets of a 
        qualified steel company, the qualified steel company 
        establishes that it is unable to reorganize itself.
    (h) Terms and Conditions of Loan Guarantees.--
            (1) Loan duration.--All loans guaranteed under this section 
        shall be payable in full not later than December 31, 2005, and 
        the terms and conditions of each such loan shall provide that 
        the loan may not be amended, or any provision thereof waived, 
        without the consent of the Board.
            (2) Loan security.--Any commitment to issue a loan 
        guarantee under this section shall contain such affirmative and 
        negative covenants and other protective provisions that the 
        Board determines are appropriate. The Board shall require 
        security for the loans to be guaranteed under this section at 
        the time at which the commitment is made.
            (3) Fees.--A qualified steel company receiving a guarantee 
        under this section shall pay a fee to the Department of the 
        Treasury to cover costs of the program, but in no event shall 
        such fee exceed an amount equal to 0.5 percent of the 
        outstanding principal balance of the guaranteed loan.
            (4) Guarantee level.--No loan guarantee may be provided 
        under this section if the guarantee exceeds 85 percent of the 
        amount of principal of the loan.
    (i) Reports to Congress.--The Secretary of Commerce shall submit to 
Congress a full report of the activities of the Board under this 
section during each of fiscal years 1999 and 2000, and annually 
thereafter, during such period as any loan guaranteed under this 
section is outstanding.
    (j) Salaries and Administrative Expenses.--For necessary expenses 
to administer the Program, $5,000,000 is appropriated to the Department 
of Commerce, to remain available until expended, which may be 
transferred to the Office of the Assistant Secretary for Trade 
Development of the International Trade Administration.
    (k) Termination of Guarantee Authority.--The authority of the Board 
to make commitments to guarantee any loan under this section shall 
terminate on December 31, 2001.
    (l) Regulatory Action.--The Board shall issue such final 
procedures, rules, and regulations as may be necessary to carry out 
this section not later than 60 days after the date of enactment of this 
Act.
    (m) Iron Ore Companies.--
            (1) In general.--Subject to the requirements of this 
        subsection, an iron ore company incorporated under the laws of 
        any State shall be treated as a qualified steel company for 
        purposes of the Program.
            (2) Total guarantee limit for iron ore company.--Of the 
        aggregate amount of loans authorized to be guaranteed and 
        outstanding at any one time under subsection (f)(2), an amount 
        not to exceed $30,000,000 shall be loans with respect to iron 
        ore companies.

               federal administrative and travel expenses

                             (rescissions)

    Sec. 102. (a) Of the funds available in the nondefense category to 
the agencies of the Federal Government, $145,000,000 are hereby 
rescinded: Provided, That rescissions pursuant to this subsection shall 
be taken only from administrative and travel accounts: Provided 
further, That rescissions shall be taken on a pro rata basis from funds 
available to every Federal agency, department, and office in the 
Executive Branch, including the Office of the President.
    (b) Within 30 days after the date of enactment of this Act, the 
Director of the Office of Management and Budget shall submit to the 
Committees on Appropriations of the House of Representatives and the 
Senate a listing of the amounts by account of the reductions made 
pursuant to the provisions of subsection (a) of this section.

                               CHAPTER 2

              (2)<DELETED>DEPARTMENT OF DEFENSE--MILITARY

                 <DELETED>MILITARY PERSONNEL</DELETED>

              <DELETED>Military Personnel, Army</DELETED>

<DELETED>    For an additional amount for ``Military Personnel, Army'', 
$2,920,000: Provided, That such amount is designated by the Congress as 
an emergency requirement pursuant to section 251(b)(2)(A) of the 
Balanced Budget and Emergency Deficit Control Act of 1985, as 
amended.</DELETED>

              <DELETED>Military Personnel, Navy</DELETED>

<DELETED>    For an additional amount for ``Military Personnel, Navy'', 
$7,660,000: Provided, That such amount is designated by the Congress as 
an emergency requirement pursuant to section 251(b)(2)(A) of the 
Balanced Budget and Emergency Deficit Control Act of 1985, as 
amended.</DELETED>

          <DELETED>Military Personnel, Marine Corps</DELETED>

<DELETED>    For an additional amount for ``Military Personnel, Marine 
Corps'', $1,586,000: Provided, That such amount is designated by the 
Congress as an emergency requirement pursuant to section 251(b)(2)(A) 
of the Balanced Budget and Emergency Deficit Control Act of 1985, as 
amended.</DELETED>

            <DELETED>Military Personnel, Air Force</DELETED>

<DELETED>    For an additional amount for ``Military Personnel, Air 
Force'', $4,303,000: Provided, That such amount is designated by the 
Congress as an emergency requirement pursuant to section 251(b)(2)(A) 
of the Balanced Budget and Emergency Deficit Control Act of 1985, as 
amended.</DELETED>

              <DELETED>OPERATION AND MAINTENANCE</DELETED>

    <DELETED>Overseas Contingency Operations Transfer Fund</DELETED>

            <DELETED>(including transfer of funds)</DELETED>

<DELETED>    For an additional amount for ``Overseas Contingency 
Operations Transfer Fund'', $5,219,100,000, to remain available until 
expended: Provided, That the entire amount made available under this 
heading is designated by the Congress as an emergency requirement 
pursuant to section 251(b)(2)(A) of the Balanced Budget and Emergency 
Deficit Control Act of 1985, as amended: Provided further, That of such 
amount, $1,311,800,000 shall be available only to the extent that the 
President transmits to the Congress an official budget request for a 
specific dollar amount that: (1) specifies items which meet a critical 
readiness or sustainability need, to include replacement of expended 
munitions to maintain adequate inventories for future operations; and 

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