Amendment provided that not more than 50% of the funds authorized under the bill could be expended before the Secretary of State certified to Congress that the United States and Panama had signed agreements providing mutual access to records of financial transactions for the purpose of investigating drug trafficking and money laundering.

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Amendment Number
456
Description
Amendment provided that not more than 50% of the funds authorized under the bill could be expended before the Secretary of State certified to Congress that the United States and Panama had signed agreements providing mutual access to records of financial transactions for the purpose of investigating drug trafficking and money laundering.
Purpose
An amendment to require that 50% of the aid for Panama be withheld until Panama signs an agreement with the U.S. providing for the sharing of records for investigations into the laundering of drug-related funds through financial institutions.
Congress
101
Type
HAMDT
Latest Action Date
May 22, 1990
Latest Action Text
On agreeing to the Kostmayer amendment (A002) Agreed to by voice vote.
Latest Action Time
17:58:38
Submitted Date
May 22, 1990
Chamber
House of Representatives
Update Date
Jul 1, 2021
Amendment 456 — Informed