H.R. 4364 · 108th Congress
United States Economic Assistance Conditionality Act of 2004
- Stage
- In committee
- Sponsor
- Henry Hyde
- Introduced
- 2004-05-13
- Latest action
- 2004-06-09 · Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman.
Summary
United States Economic Assistance Conditionality Act of 2004 - Amends the Foreign Assistance Act of 1961 to require governments of low income oil-producing countries (as defined by this Act) to meet specified requirements relating to their oil revenues in order to be eligible for U.S. economic assistance.
Amends the Bretton Woods Agreements Act to direct the Secretary of the Treasury to oppose the making of International Monetary Fund or International Bank for Reconstruction and Development loans to a government that fails to meet such oil revenue-related requirements.