or seniority as an employee of any such agency by virtue of such detail.

(q) 10 The Foundation shall maintain its principal office in the metropolitan Washington, D.C., area. The Foundation may establish agencies, branch offices, or other offices in any place or places outside the United States in which the Foundation may carry on all or any of its operations and business.

(r) The Foundation, including its franchise and income, shall be exempt from taxation now or hereafter imposed by the United States, or any territory or possession thereof, or by any State, county, municipality, or local taxing authority.

(s)(1) Notwithstanding any other provision of law, not to exceed an aggregate amount of $50,000,000 of the funds made available for the fiscal years 1970 and 1971 to carry out part I of the Foreign Assistance Act of 1961 shall be available to carry out the purposes of this section. Funds made available to carry out the purposes of this section under the preceding sentence are authorized to remain available until expended.

(2) 11 There are authorized to be appropriated $28,800,000 for the fiscal year 1992 and $31,000,000 for the fiscal year 1993 to carry out this section.

10 Sec. 173(c) of the Foreign Relations Authorization Act, Fiscal Years 1992 and 1993 (Public Law 102-138; 105 Stat. 680), amended and restated subsec. (q).

11 Sec. 508 of the Foreign Relations Authorization Act, Fiscal Year 1978 (Public Law 95-426; 91 Stat. 859) added para. (2).

The authorization figures for fiscal years 1992 and 1993 were added by sec. 173(a) of the Foreign Relations Authorization Act, Fiscal Years 1992 and 1993 (Public Law 102-138; 105 Stat. 679).

Authorizations provided in recent years under this section include the following: Fiscal year 1982-$12,000,000; fiscal year 1983-$12,800,000; fiscal year 1984-$16,000,000; fiscal year 1985-$16,000,000; fiscal year 1986-$11,969,000; fiscal year 1987-$11,969,000; fiscal year 1988-no authorization; fiscal year 1989-no authorization; fiscal year 1990-$16,932,000; fiscal year 1991-$25,000,000; fiscal years 1994 through 2006-no authorization.

Congress did not enact an authorization for fiscal year 2006. Instead, title II of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2006 (Public Law 109102; 119 Stat. 2184), provided the following:

"INTER-AMERICAN FOUNDATION

"For necessary expenses to carry out the functions of the Inter-American Foundation in accordance with the provisions of section 401 of the Foreign Assistance Act of 1969, $19,500,000, to remain available until September 30, 2007.”.

Title V of that Act (119 Stat. 2195, 2208) provided the following:

"LIMITATION ON REPRESENTATIONAL ALLOWANCES

SEC. 505. *** Provided further, That of the funds made available by this Act for the InterAmerican Foundation, not to exceed $2,000 shall be available for entertainment and representation allowances:

"AUTHORITIES FOR THE PEACE CORPS, INTER-AMERICAN FOUNDATION AND AFRICAN DEVELOPMENT FOUNDATION

"SEC. 532. Unless expressly provided to the contrary, provisions of this or any other Act, including provisions contained in prior Acts authorizing or making appropriations for foreign operations, export financing, and related programs, shall not be construed to prohibit activities authorized by or conducted under the Peace Corps Act, the Inter-American Foundation Act or the African Development Foundation Act. The agency shall promptly report to the Committees on Appropriations whenever it is conducting activities or is proposing to conduct activities in a country for which assistance is prohibited.".

Title III, ch. 8 of the Emergency Supplemental Appropriations Act To Address Hurricanes in the Gulf of Mexico and Pandemic Influenza, 2006 (division B of Public Law 109-148; 119 Stat. 2791), however, provided the following:

Continued

't The Foundation shall be subject to the provisions of the Gov ernment Corporation Control Act.

(u 12 When, with the permission of the Foundation, funds may available to a grantee under this section are invested pending is bursement, the resulting interest is not required to be deposited in the United States Treasury if the grantee uses the resulting inte est for the purposes for which the grant was made. This subsect applies with respect to both interest earned before and inters earned after the enactment of this subsection.

(v) 13 Funds made available to the Foundation may be used iz the expenses described in section 1345 of title 31 of the Unite States Code (relating to travel, transportation, and subsistence epenses for meetings.

(w) 13 Funds made available to the Foundation may be used fr printing and binding without regard to section 501 of title 44 United States Code.

PART V-AMENDMENTS TO OTHER ACTS

"GOVERNMENT-WIDE RESCISSIONS

"SEC. 3801. (a) ACROSS-THE-BOARD RESCISSIONS.-There is hereby rescinded an amount equal to 1 percent of—

"(1) the budget authority provided (or obligation limit imposed) for fiscal year 2006 for any discretionary account of this Act and in any other fiscal year 2006 appropriation Act (2) the budget authority provided in any advance appropriation for fiscal year 2006 for any discretionary account in any prior fiscal year appropriation Act; and

(3) the contract authority provided in fiscal year 2006 for any program subject to limite tion contained in any fiscal year 2006 appropriation Act.

“(b) PROPORTIONATE APPLICATION.-Any rescission made by subsection (a) shall be appet proportionately

"(1) to each discretionary account and each item of budget authority described in such subsection; and

“(2) within each such account and item, to each program, project, and activity with pregrams, projects, and activities as delineated in the appropriation Act or accompanying ports for the relevant fiscal year covering such account or item, or for accounts and tem not included in appropriation Acts, as delineated in the most recently submitted Presidents budget).

"(c) EXCEPTIONS.-This section shall not apply

"(1) to discretionary budget authority that has been designated pursuant to section 402 of H. Con. Res. 95 (109th Congress), the concurrent resolution on the budget for fiscal year 2006; or

"(2) to discretionary authority appropriated or otherwise made available to the Depart ment of Veterans Affairs.

"(d) OMB REPORT.-Within 30 days after the date of the enactment of this section the Directer of the Office of Management and Budget shall submit to the Committees on Appropriations if the House of Representatives and the Senate a report specifying the account and amount of each rescission made pursuant to this section.".

12 Sec. 501(c) of Public Law 97-241 (96 Stat. 297) added subsec. (u).

13 Sec. 173(d) of the Foreign Relations Authorization Act, Fiscal Years 1992 and 1993 (Public Law 102-138; 105 Stat. 680), added new subsecs. (v) and (w).

ll. Foreign Assistance Act of 1968

Partial text of Public Law 90-554 [H.R. 15263], 82 Stat. 960, approved October 8, 1968

NOTE.-Except for Part IV, which relates to amendments to other acts, and Part V, which relates to reappraisal of foreign assistance programs, the Foreign Assistance Act of 1968 consists of amendments to the Foreign Assistance Act of 1961, as amended.

Sec. 501. The Congress declares that, in view of changing world conditions and the continued need to make United States foreign assistance programs an effective implement of United States foreign policy, there should be a comprehensive review and reorganization of all United States foreign assistance programs, including economic development and technical assistance programs, military assistance and sales programs, and programs involving contributions and payments by the United States to international lending institutions and other international organizations concerned with the development of friendly foreign countries and areas.

REAPPRAISAL BY THE PRESIDENT

Sec. 502. (a) In furtherance of the policy of this part, the President is requested to make a thorough and comprehensive reappraisal of United States foreign assistance programs, as described in section 501, and to submit to the Congress, on or before March 31, 1970, his recommendations for achieving such reforms in any reorganization of future foreign assistance programs as he determines to be necessary and appropriate in the national interest in the light of such reappraisal. The President is requested to submit to the Congress, on or before July 1, 1969, an interim report presenting any preliminary recommendations formulated by him pursuant to this section.

(b) It is the sense of the Congress that the reappraisal provided for in subsection (a) should include, but not be limited to, an analysis and consideration of proposals concerning the establishment of a Government corporation or a federally chartered private corpora

tion designed to mobilize and facilitate the use of United Sta private capital and skills in less developed friendly countries areas, including whether such corporation should be author

to

(1) utilize Government guarantees and funds as well as g vate funds;

(2) seek, develop, promote, and underwrite new investme projects;

(3) assist in transferring skills and technology to less deve oped friendly countries and areas; and

(4) invest in the securities of development financing ins tions and assist in the formation and expansion of local cap markets.

mm. Foreign Assistance Act of 1967

Public Law 90–137 [S. 1872], 81 Stat. 445, approved November 14, 1967

NOTE.-The Foreign Assistance Act of 1967 consists of amendments to the Foreign Assistance Act of 1961, the Joint Resolution to authorize participation by the United States in parliamentary conferences of the North Atlantic Treaty Organization, the Act to authorize participation by the United States in the Interparliamentary Union, and the Mutual Security Act of 1954.