PUBLIC LAW 102-391—OCT. 6, 1992 106 STAT. 1701 Union of Soviet Socialist Republics. Ethiopia. "(4) For the purpose of expediting the consideration and enactment of joint resolutions under this subsection, a motion to proceed to the consideration of any such joint resolution after it has been reported by the appropriate committee shall be treated as highly privileged in the House of Representatives. "(5) In the event that the President suspends the provision President. of additional loan guarantees under subsection (f) and Congress Reports. does not enact a joint resolution pursuant to this subsection, the provision of additional loan guarantees under the program established by this section may be resumed only if the President determines and so reports to Congress that the reasons for the suspension have been resolved or that the resumption is otherwise in the national interest. "(h) ECONOMIC CONTEXT.— The effective absorption of immigrants into Israel from the republics of the former Soviet Union and Ethiopia within the private sector requires large investment and economic restructuring to promote market efficiency and thereby contribute to productive employment and sustainable growth. Congress recognizes that the Government of Israel is developing an economic strategy designed to achieve these goals, and that the Government of Israel intends to adopt a comprehensive, multi-year economic strategy based on prudent macroeconomic policies and structural reforms. Congress also recognizes that these policies are being designed to reduce direct involvement of the government in the economic system and to promote private enterprise, important prerequisites for economic stability and sustainable growth. "(i) CONSULTATIONS.— It is the sense of the Congress that, as agreed between the two Governments and in order to further the policies specified in subsection (h), Israel and the United States should continue to engage in consultetions concerning economic and financial measures, including structural and other reforms, that Israel should undertake during the pendency of this program to enable its economy to absorb and resettle immigrants and to accommodate the increased debt burden that will result from loans guaranteed pursuant to this section. It is the sense of the Congress that these consultetions on economic measures should address progress and plans in the areas of budget policies, privatization, trade liberalization, financial and capital markets, labor markete, competition policy, and deregulation. " (j) GiOODS AND SERVICES.—During the pendency of the loan program authorized under this section, it is anticipated that, in the context of the economic reforms undertaken pursuant to subsections (h) and (i) of this section, Israel's increased population due to ite absorption of immigrante, and the Uberalization by the Government of Israel of its trade policy with the United States, the amount of United States investment goods and services purchased for use in or with respect to the country of Israel will substentially increase.
- (k) REPORTS.— The President shall report to Congress by
December 31 of each fiscal year until December 31, 1999, regarding the implementetion of this section. "(1) APPLICABILITY OF FOREIGN ASSISTANCE ACT AUTHORITIES.— President. Section 223 of the Foreign Assistance Act shall apply to guarsintees issued under subsection (a) in the same manner as such section applies to guarantees issued under section 222, except that subsections (a), (e)(D, (g), and (j) of section 223 shall not apply to International agreements.
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