PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Domestic and International Monetary Policy.
Congressional Research Service
Version 00 · Introduced in House · Oct 5, 1999
Russian Economic Restoration and Justice Act of 1999 - Amends the Bretton Woods Agreements Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to use the U.S. vote to urge the IMF to: (1) not provide any assistance to the Russian Federation government until there is in effect a Russian federal law that implements specified economic reforms; and (2) provide assistance to the Russian Federation only to aid in implementation of such reforms.Establishes a Russian-American financial oversight commission to monitor the use of Western resources in Russia.Expresses the sense of Congress that: (1) there should be established joint United States-Russian business, economics, and agricultural education programs in which Russian Federation students on completion of their studies in the United States be required to return to the Russian Federation and work for the federal or regional government in Russia; and (2) the United States and the government of the Russian Federation should create a program which would link successful U.S. business leaders with their Russian Federation counterparts so that Russian Federation companies will be better able to access a pool of resources and knowledge to assist them in their transition to successfully competing in a market-based economy.Directs the Secretary of the Treasury to instruct the U.S. Executive Director at the IMF to use the U.S. vote to urge the IMF to create a commission, composed of prominent international financial experts, to draw up recommendations for reforming the IMF, with a view to achieving more transparency in the structures of the IMF and increasing the effectiveness of its programs while decreasing financial risk.Establishes a pilot housing loan program (to be administered through a nonprofit corporation) in which the average Russian citizen may attain affordable home ownership.
People & committees
Rep. Weldon, Curt [R-PA-7] · R–PA
Legislative record
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Referred to the Subcommittee on Domestic and International Monetary Policy.
Sponsor introductory remarks on measure. (CR H10162-10168)
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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