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Code · BILL · 118th Congress · S. 5617 (Introduced in Senate) — To provide for debt reduction for developing countries for purposes of climate adaptation, and for other purposes. · Sec. 2

Sec. 2. Expansion of debt reduction under Tropical Forest and Coral Reef Conservation Act of 1998

380 words·~2 min read·/bill/118/s/5617/is/section-2

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Paragraph
(5)of section 803 of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431a ) is amended to read as follows: The term covered country means— a low income, lower-middle income, or upper-middle income country, as determined by the World Bank; or a small island developing state, as determined by the United Nations. . Section 805(a) of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431c(a) ) is amended by striking developing country and inserting covered country . Section 809(e)(2) of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431g(e)(2) ) is amended by inserting and to activities that are also aimed at reducing gender, income, and social inequalities after planning and execution . Section 809(c)(2)(A)(iii) of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431g(c)(2)(A)(iii) ) is amended— by striking a broad range of ; in subparagraph (I), by inserting a broad range of after
(I); in subparagraph (II)— by inserting a broad range of after
(II); and by striking ; and and inserting a semicolon; in subparagraph (III)— by inserting a broad range of after
(III); and by striking the period at the end and inserting ; and ; and by adding at the end the following new subparagraph: the beneficiary community or communities. . Section 809(f) of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431g(f) ) is amended by striking $250,000 and inserting $1,000,000 . Section 806(d) of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431d(d) ) is amended by striking authorized to be appropriated to the President the following: and all that follows through the period at the end of paragraph
(13)and inserting authorized to be appropriated such sums as may be necessary. . Section 806(e) of the Tropical Forest and Coral Reef Conservation Act of 1998 ( 22 U.S.C. 2431d(e) ) is amended by striking Of the amounts and all that follows through $300,000 is authorized to be made available and inserting One and one-half (1.5) percent of the amounts made available to carry out this part for a fiscal year is authorized to be made available .
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Sec. 2
Expansion of debt reduction under Tropical Forest and Coral Reef Conservation Act of 1998
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