An amendment to express the sense of Congress that U.S. economic assistance to El Salvador should put an emphasis on revitalizing the private sector and supporting the free market system. Further the funds should be used, when possible, to stimulate private sector lending, and the President is urged to set aside a portion of the economic support funds to provide guarantees to private U.S. banks willing to give credits to the Salvadoran private sector.

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Amendment Number
457
Description
An amendment to express the sense of Congress that U.S. economic assistance to El Salvador should put an emphasis on revitalizing the private sector and supporting the free market system. Further the funds should be used, when possible, to stimulate private sector lending, and the President is urged to set aside a portion of the economic support funds to provide guarantees to private U.S. banks willing to give credits to the Salvadoran private sector.
Purpose
An amendment to express the sense of Congress that U.S. economic assistance to El Salvador should put an emphasis on revitalizing the private sector and supporting the free market system. Further the funds should be used, when possible, to stimulate private sector lending, and the President is urged to set aside a portion of the economic support funds to provide guarantees to private U.S. banks willing to give credits to the Salvadoran private sector.
Congress
97
Type
HAMDT
Latest Action Date
Dec 9, 1981
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Dec 9, 1981
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 457 — Informed