legislation: 94-hr-8562

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
94-hr-8562 94 hr 8562 Japan-United States Friendship Act International Affairs 1975-07-11 1975-07-11 Referred to House Committee on International Relations. House Rep. Hays, Wayne L. [D-OH-18] OH D H000408 0 Japan-United States Friendship Act - Declares it to be the purpose of this Act to provide for the use of part of the sums to be paid by Japan to the United States in connection with the reversion of Okinawa to Japanese administration in order to enhance the understanding and support of the close friendship and mutuality of interests between the two nations. Establishes in the Treasury of the United States a trust fund to be known as the Japan-United States Friendship Trust Fund. Requires such amounts in the fund to be used for the promotion of scholarly, culture, and artistic activities between Japan and the United States. Provides that amounts in the fund may also be used to pay administrative expenses of the Japan-United States Friendship Commission. Authorizes appropriations to the Fund for fiscal year 1976. Establishes the Japan-United States Friendship Commission and authorizes it to develop and carry out programs for the promotion of scholarly, cultural and artistic activities by Japan and the United States, and to make grants to carry out such programs. Makes administrative provisions to enable the commission to carry out its functions under this Act. States that the Japan-United States Friendship Trust Fund shall consist of: (1) 10 percent of the funds paid to the United States pursuant to the agreement between Japan and the United States concerning the Ryukyu Islands and the Daito Islands; (2) any other amounts received by the fund by way of gifts and donations; and (3) interest and proceeds credited to it from portions of the fund invested by the Secretary of the Treasury. Provides that such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. 2025-09-02T18:46:28Z https://www.congress.gov/bill/94th-congress/house-bill/8562

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