PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Domestic and International Monetary Policy.
Congressional Research Service
Version 00 · Introduced in House · Nov 3, 1999
American Foreign Investment Incentive and Deficit Reduction Act of 1999 - Directs the President to allow poor, emerging, and developing countries to repay their debt to the United States in their own currency, providing such debt is repaid in full by September 29, 2000. Directs the Secretary of the Treasury to sell at a reduced rate the dollars of the previously indebted countries to corporations whose national or international headquarters are located within the United States, under specified conditions. Requires U.S. investors who purchase the currency to agree to invest such funds in new and active businesses and industrial developments in the original debtor's country. Directs the President to report to the appropriate congressional committees with respect to the relief provided under this Act.
People & committees
Rep. Hilliard, Earl F. [D-AL-7] · D–AL
Legislative record
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Referred to the Subcommittee on Domestic and International Monetary Policy.
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on Ways and Means, 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 Ways and Means, 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 Ways and Means, 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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