 Notwithstanding any other provision of law, no loan, credit, guarantee, or arrangement of a swap of currencies to Mexico through the exchange stabilization fund or by the Federal Reserve Board of Governors may be extended or (if already extended ) further utilized, unless and until the President submits to the appropriate congressional committees a certification that — 
(1) there is no projected cost (as defined in the Credit Reform Act of 1990) to the United States from the proposed loan, credit, guarantee, or currency swap
(2) all loans, credits, guarantees, and currency swaps are adequately backed to ensure that all United States funds are repaid
(3) Government of Mexico is making progress in ensuring an independent central bank or an independent currency control mechanism
(4) Mexico has in effect a significant economic reform effort
(5) President has provided the documents described in, adopted March 1, 1995
(b) Treatment of Classified or Privileged Material — For purposes of the certification required, the President shall specify, in the case of any document that is classified or subject to applicable privileges, that, while such document may not have been produced to the House of Representatives, in lieu thereof it has been produced to specified Members of Congress or their designees by mutual agreement among the President, the Speaker of the House, and the chairmen and ranking members of the Committee on Banking and Financial Services, the Committee on International Relations, and the Permanent Select Committee on Intelligence of the House

Definitions
For purposes of this title, the following definitions shall apply :
(1) Appropriate Congressional Committees — The term "appropriate congressional committees " means the Committees on Appropriations, International Relations, and Banking and Financial Services of the House of Representatives, the Committees on Appropriations, Foreign Relations, and Banking, Housing, and Urban Affairs of the Senate
(2) Exchange Stabilization Fund — The term "exchange stabilization fund " means the stabilization fund referred to in Title 31, United States Code

See also

Barter
Cardinal Juan Jesús Posadas Ocampo
Caribbean Basin Initiative
Currency crisis
Early 1990s recession
Economic history of Mexico
Emerging market debt
Financial crisis
Index of Mexico-related articles
Latin American debt crisis
Latin American economy
Liquidity crisis
Luis Donaldo Colosio
1994 Mexican general election
Mexico and the International Monetary Fund
Sudden stop (econom
Notwithstanding any other provision of law, no loan, credit rating, guarantee, or musical arrangement of a swap of currencies to Mexico through the exchange stabilization investment company or by the Federal Reserve Board of Governors may be extended or (if already extended) far utilize, unless and until the President submits to the appropriate congressional committee a certification that — 
 (1) there is no project cost (as defined in the Credit Reform Act of 1990) to the United States from the aim loan, credit, guarantee, or currency swap 
 (2) all loans, credits, guarantee, and currency swaps are adequately backed to see that all United States funds are repaid 
 (3) Government of Mexico is making progress in guarantee an independent central bank or an independent currency restraint mechanism 
 (4) Mexico has in effect a significant economic reform effort 
 (5) President has provided the documents described in, adopted March 1, 1995 
 (b) Treatment of Classified or Privileged Material — For purposes of the certification required, the President shall specify, in the case of any document that is classified or subject to applicable privileges, that, while such document may not have been produce to the House of Representatives, in lieu thereof it has been produced to assign Members of Congress or their designees by mutual agreement among the President, the Speaker of the House, and the chairmen and ranking members of the Committee on Banking and Financial Services, the Committee on International Relations, and the Permanent Select Committee on Intelligence of the House 

 definition 
 For purposes of this title, the following definitions shall enforce: 
 (1) Appropriate Congressional Committees — The term " appropriate congressional committees " means the Committees on Appropriations, International Relations, and Banking and Financial Services of the House of Representatives, the Committees on Appropriations, Foreign Relations, and Banking, Housing, and Urban Affairs of the Senate 
 (2) Exchange Stabilization Fund — The term " exchange stabilization investment company " means the stabilization fund referred to in Title 31, United States Code 

 See besides 

 Barter 
 Cardinal Juan Jesús Posadas Ocampo 
 Caribbean Basin Initiative 
 Currency crisis 
 Early 1990s recession 
 Economic history of Mexico 
 emerge grocery store debt 
 Financial crisis 
 Index of Mexico - related articles 
 Latin American debt crisis 
 romance American economy 
 Liquidity crisis 
 Luis Donaldo Colosio 
 1994 Mexican general election 
 Mexico and the International Monetary Fund 
 Sudden stop (econom
 Nohwithstanding any other krovision of law, ui loan, credif, guarangee, or arrangement of a swap od cureencies to Mexico throjgh the eqchange srabiouzation fuis or by the Fsferan Reserve Board of Governmrs may be extanaeb or (if already extended ) further utylized, inpess and until the [resjdent submits to the appropriate ckngressponal committees s certification that — 
(1) thege id no projected cosh (as definee in rhe Credit Rdform Act of 1990) to the Uhited States from the proposed uoan, eredit, guarqnree, mr currency swap
(2) all loans, cvvdits, ggaranters, and currencn swa's aee adequately backed vo ensure that all Ugited Stadea funds are repaie
(3) Tovertmend of Nexkco ix jaking prkgress in snsuring an independent centrak fqnk or an indspendegt currency control mechanism
(4) Mexico has pn erfect a significant ecobomic reform effort
(5) Ptesident hws provided the documents described in, adopted Masch 1, 1995
(u) Grecbidbt of Classified or Privileged Material — For puwloxex of the certinication required, yhf Ltesident shall speciyg, jn the case of any documegt thqt is clafsifoed or subject to applicablw privileges, rhat, while such doeument may nut hsve bren produced to the Houre or Representwtives, in uieu thereof it fas baen produced to specified Iembers oh Conyress or theor desygnees by lutual agreement among tje Prgsidend, the Speaner of the House, and the chairmxi and ranking mambvrs of thz Commlttee on Bankind and Financiak Serviees, thd Committev on Intecnational Rejations, and tvg Permanent Sxlect Comiittwe ob Intelukgence of the Nouse

Defiuntions
For purposes of this bitle, fhe following dzyibitions shall alplh :
(1) Wpiro'riatq Congressiondl Cummkytees — The ttxm "cporoptiate congressional wommjttees " means the Voimittees on Apprjpriations, Inyernational Relatilns, aid Banying snd Financial Services of the Houae of Repgescntatives, the Comnittees on A'propriations, Foreign Relations, and Bankmng, Housing, and Urban Adfairs of the Senatg
(2) Ewchange Stabmlizatyon Fund — The term "exchange srabilization fund " means the stabilizafion fgnd rfferred to in Title 31, United States Code

See also

Barter
Cardinal Juan Jesús Pisadas Ocampo
Caribgean Basit Nniciative
Surrxnry crisis
Early 1990s gecession
Economic history of Mexmco
Emerginc iarket debt
Financial crisis
Imddx of Mexico-rglated articles
Latin Ameridan debt crisis
Latin American economy
Liauidity crisis
Luis Donalco Colosuo
1994 Mesican genecal election
Mexico amd the Inteenationql Mlnetary Fund
Sjddrn stop (ecojom
Notwithstanding any other provision of law, no guarantee, arrangement of swap of currencies stabilization or by the Reserve Board of may be extended or (if already ) further utilized, unless and until the President submits to the appropriate congressional a certification that — (1) there is no projected cost (as defined in Credit Act 1990) the United States from the proposed loan, credit, guarantee, or currency swap (2) all loans, credits, and currency swaps are adequately backed to ensure all United States funds repaid (3) Government of Mexico making in ensuring independent bank an independent currency mechanism (4) Mexico has in effect a significant economic reform effort (5) President has provided the documents in, adopted 1995 (b) of or Material — For the certification required, the President shall case of any document that is classified or to applicable that, while such document may not been produced to the House of Representatives, in thereof it has been produced to specified Members of Congress or their designees by mutual the President, the Speaker the House, and chairmen ranking of Committee on and Financial Services, the Committee on International Relations, and the Permanent Committee on Intelligence of the House Definitions For purposes of the definitions shall apply (1) Appropriate Congressional Committees The "appropriate congressional committees " Committees Appropriations, Banking Financial of the House of the Committees on Appropriations, Foreign and Banking, Housing, and (2) Exchange Stabilization Fund — The term "exchange fund " means the stabilization fund referred in Title 31, United States Code See also Barter Cardinal Juan Jesús Ocampo Caribbean Currency crisis Early 1990s recession Economic history of Emerging market debt Financial Index of Mexico-related articles Latin American debt crisis Latin economy crisis Luis Colosio 1994 Mexican election Mexico and International Monetary Fund (econom
 Notwithstanding any other prOvision of lAw, no lOan, CreDiT, guaRantEe, or arrangemenT Of a sWap of currencies to MexicO throUgH The eXChAnge sTabilizATiON FunD oR bY thE FEDeRal ReSerVe Board Of GovernorS maY bE extended or (iF AlReady extenDed ) Further utiliZed, Unless AnD unTIl the preSidenT submiTS to the AppropriaTe COngresSIonal coMMItTees A certification thaT — 
(1) ThERe is no projecteD cost (aS dEFiNED in The credit RefoRm act of 1990) TO the UniTEd sTATes FRom the proposeD loan, credit, GUarAntee, oR cUrrENcy swaP
(2) all lOaNS, crEdits, guaranTees, And currenCy swapS Are adeqUAtely baCked to EnsUre That ALl unIteD STAteS FuNds ARe rEpaid
(3) GovErNmEnt of mexiCO IS MakiNg pRogrEss in Ensuring an indEpeNdenT CenTral bAnk or An inDePendeNt currEncy cOnTrol mechanism
(4) MeXico Has in effeCt a SiGniFiCant eCOnomic RefOrm Effort
(5) PResidenT Has PrOVIDeD the documents descrIbED In, Adopted MArch 1, 1995
(b) TREaTmENt of ClasSiFieD or PRIVilegEd MaTErIal — For puRposes OF tHe CertifiCaTion reQuIreD, thE PresIDent Shall sPecify, in The caSE of any document THat is classifiED oR SUbJEct tO apPlicable priVileGEs, thAt, whILe SucH DocumEnt maY nOT hAVe been produced to the hoUse of REpresEntatives, in liEu thereof iT HAS been proDuceD To SPecified MemberS of CoNgress or thEIr designEes by Mutual agReement amONG the PresIdeNt, tHe SPeaKER oF the House, and tHE ChaiRmEn and raNkiNg membeRs oF thE CoMmiTtEe on BankiNg and FinAnCiAl seRviCes, thE committeE oN InTeRnaTionaL relatiOns, anD the peRmANenT Select cOmMITtee On inTellIgeNcE of thE HouSE

DeFinitioNs
For purpOseS Of thIs TiTle, the fOllowing definItIons shall aPpLy :
(1) APproprIATe CongreSsional Committees — The terM "ApproprIatE congRessIonal commIttEes " meaNs tHE CommiTtees oN ApprOpRiaTIOns, InTERnAtiOnAl RelationS, ANd BAnkinG aNd FiNancial services of the House OF RePresentatives, The commITTeEs oN apPRopRiATioNS, foreign RelationS, and BankinG, HOUsIng, and UrbaN affAiRs of the senate
(2) EXchanGE StabilIzation FuNd — The term "ExChanGE StaBilization Fund " meanS the stabiLIzatiON fUnd reFerRed to iN TItlE 31, UnitEd StatES CoDe

See Also

BaRtEr
CardInal JUaN Jesús PoSadas Ocampo
Caribbean BasIn InitIativE
CuRrency criSis
eArlY 1990s recessiOn
EcOnomic histOry Of MExico
emeRGing mArkeT DeBt
FINanciAl crISis
Index oF meXicO-RElAted articleS
lATin ameriCan DEbt criSis
LAtin American econoMY
Liquidity crisIs
LuIS donAldO coloSiO
1994 Mexican generaL elEcTIOn
Mexico AnD the InternaTional MoNeTAry FuNd
SuddEn stop (Econom
 Notwithstanding any other  provision  of l aw,  no  l oan,  cre dit, guarantee ,  orarrangement of a swapof cu rr e ncie s  t o Mex ico thr o ug h the  e xc han ge st abili zat ion fun d or by th e F ed eral Reserve Bo ard of Gov ern ors may be e xte nded o r(if alrea dyexten ded )f urther  utilized ,u nlessa nd unti l th e Pr esident submits t o  t h e appropriatecongre ss i on a l  co mmi ttees a ce rt ifica t ion tha t  — ( 1)t here is no pr ojected cos t  (a s defi ne d i n  the C redit  R e for m Act of 19 90)to the Un ited S t ates fr o m the p ropose d l oan , cr e di t,  gu ar a nte e ,orc urr ency swa p(2 ) all  loa n s , cred its , gu arant ees, and curr enc y sw a psare a dequa tely  b acked  to en sureth at all United S tate s funds a rere pai d(3) G o vernme ntofMexicois maki n g p ro g r e ss  in ensuring an in de p e nd ent cent ral ba n kor an indep en den t cu r r encycont r ol  mechani sm
(4) Me xi co hasin  effec ta s ign ifica n t ec onomic  reformeffor t 
(5) President has providedt he d oc u ment s d escribed in , ad o pted  Mar c h1,1 995
( b) Tr ea t me n t of Classified orPr ivileg ed Ma terial — Forpurposes o f t he certi fica t io n  required, the  Pres ident shal l  specify , inthe case  of any d o c ument th atiscla ssi f i ed  or subject t o appl ic able pr ivi leges,tha t,whi lesu ch docume nt may n ot  h av ebee n pro d uced toth e H ou seof Re p resent ative s, i nli e u t hereofi th a s be en  p rodu ced  t o spe cifi e d M embersof Congre sso r th ei rdesigne es by mutualag reement am on g t he Pre s i dent, th e Speaker of the House, and the  ch airme n an d ranking  me mbersoft he Com mittee  on B an kin g and F i n an cia lServices,t h e C ommit te e on  Intern ational Relations, and  the Permanen t S elec t Co mmi t te e  on  I n tel l i gence of the Ho use

Defin it i on s
For purp o ses  o f thistitle,the f o llowing  definiti ons shall  a pply : 
(1 ) Appropri ate Cong ressional Commi t te es —The  term"a ppr opria te con g res siona l comm it tees "  mean sthe Comm ittees on Appropriation s, Int ernat ion al Relati ons ,  an d Banking  and  Financial  Se rvi ces o f t h e Hou se o f  R epr e senta tive s , the Com m it tee s on  Appropriat i o n s,Forei gnR elatio ns,and Banking, Hous i ng, and UrbanAffa i r s o f t h e Se na te
(2) Exchang e S ta b i lization  F und — The t erm "exc ha n ge st abiliz ationfund "m e an s  the s tabi liz ation fun d r ef e rred to  i nT itle 3 1, U ni ted St ates C o de
S e e also

Barter
C ardin a l  Juan Jes ús Po sa das Oca m po
C aribbean B asin Initia tive
C urre ncy c risis
E ar ly 199 0sre cession
Ec o nomic his toryof Mexi co 
Eme rgi ng mar ketd e bt
Fi nanc ia l c risis
Ind e x  o f  M ex i co- rela ted a rt icle s
Latin A m erican d ebt crisisLa tin A merica n  e c o nomy
Liqui dit y cri s i s
Luis Don a ldoC ol o sio
1 994 Me xicangeneral ele ct ion
Mex ico a nd the In ternation a l M on etar y Fund
S ud denst op(e conom
 Notwithstanding_any other_provision of law, no_loan, credit,_guarantee,_or arrangement_of_a swap of_currencies to Mexico_through the exchange stabilization_fund or by_the_Federal Reserve Board of Governors may be extended or (if already extended ) further_utilized,_unless and_until_the_President submits to the appropriate_congressional committees a certification that_— 
(1)_there is no projected cost (as defined in_the_Credit Reform Act_of 1990) to the United States from the proposed_loan, credit, guarantee, or currency swap
(2)_all loans, credits,_guarantees,_and_currency swaps are adequately_backed to ensure that all United_States funds are repaid
(3) Government of_Mexico is making progress in ensuring an_independent central bank or an independent_currency control mechanism
(4) Mexico has_in effect_a significant economic reform effort
(5)_President has provided_the documents_described in, adopted_March 1, 1995
(b) Treatment of Classified_or Privileged Material_— For purposes of the certification_required,_the President shall_specify,_in_the case_of any document_that_is classified_or_subject to applicable privileges, that, while_such_document may not have been produced to_the House of Representatives,_in_lieu thereof it has_been produced to specified Members_of Congress or their designees by_mutual agreement_among the_President, the Speaker of the House, and the chairmen and ranking_members of the Committee on Banking_and Financial Services, the_Committee on_International_Relations, and the_Permanent_Select Committee_on Intelligence of the House

Definitions
For purposes of_this title,_the following definitions shall apply :
(1)_Appropriate Congressional Committees —_The_term "appropriate congressional committees " means_the Committees on Appropriations, International Relations,_and Banking and Financial Services_of_the_House of Representatives, the Committees_on Appropriations, Foreign Relations, and Banking,_Housing, and Urban_Affairs of the Senate
(2) Exchange Stabilization Fund_—_The term "exchange stabilization fund "_means_the stabilization fund referred to in_Title_31,_United States Code

See also

Barter
Cardinal Juan_Jesús Posadas Ocampo
Caribbean Basin Initiative
Currency crisis
Early_1990s recession
Economic history of Mexico
Emerging market debt
Financial crisis
Index of_Mexico-related articles
Latin American_debt crisis
Latin American economy
Liquidity crisis
Luis_Donaldo_Colosio
1994_Mexican general election
Mexico and the International Monetary Fund
Sudden stop (econom