Dubai Investments/United Arab Emirates (UAE) Debt Repayment Act of 2000

Dubai Investments-United Arab Emirates (UAE) Debt Repayment Act of 2000 - Prohibits the transfer of F-16 aircraft to the Government of the United Arab Emirates unless the President certifies to Congress that Dubai Investments (a United Arab Emirates corporation) has provided adequate compensation to Pascoe Building Systems (a U.S. corporation), or to its shareholders, in accordance with their 1996 agreement.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4072 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4072

  To prohibit the transfer of F-16 aircraft to the Government of the 
                         United Arab Emirates.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2000

 Mr. Collins introduced the following bill; which was referred to the 
                  Committee on International Relations

_______________________________________________________________________

                                 A BILL


 
  To prohibit the transfer of F-16 aircraft to the Government of the 
                         United Arab Emirates.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Dubai Investments/United Arab 
Emirates (UAE) Debt Repayment Act of 2000''.

SEC. 2. PROHIBITION ON TRANSFER OF F-16 AIRCRAFT TO THE GOVERNMENT OF 
              THE UNITED ARAB EMIRATES.

    (a) Government-to-Government Transfer.--F-16 aircraft may not be 
transferred by the United States Government to the Government of the 
United Arab Emirates unless the President first makes the certification 
described in subsection (c).
    (b) Commercial Export.--An application for a license to export F-16 
aircraft under section 38 of the Arms Export Control Act (22 U.S.C. 
2778) to the Government of the United Arab Emirates may not be approved 
unless the President first makes the certification described in 
subsection (c).
    (c) Certification.--The certification described in this subsection 
is a certification to the Congress that Dubai Investments (a United 
Arab Emirates corporation) has provided adequate compensation to Pascoe 
Building Systems (a United States corporation), or to its shareholders, 
in accordance with the 1996 agreement between Dubai Investments and 
Pascoe Building Systems.
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