H.Res. 80 — 104th Congress

Requesting the President to submit information to the House of Representatives concerning actions taken through the exchange stabilization fund to strengthen the Mexican peso and stabilize the economy of Mexico.

Originated in the House · Introduced Feb 10, 1995 · International Affairs

Latest action

Mar 1, 1995

Motion to reconsider laid on the table Agreed to without objection.

CRS summary

As of Mar 1, 1995

Passed House amended

Requests the President, within 14 days of the adoption of this resolution, to provide to the House of Representatives any document concerning: (1) the condition of the Mexican economy and consultations between the Mexican Government and the Secretary of the Treasury, the International Monetary Fund (IMF), or the Bank for International Settlements; (2) activities of the central bank of Mexico, wage, price, and credit controls, Mexican tax policy, financial transactions involving funds disbursed from the exchange stabilization fund (fund) and the IMF, planned or pending regulations affecting Mexico's private sector, and efforts to privatize Mexico's public sector; (3) legal analysis regarding the use of the fund; (4) agreements between the United States and Mexico to provide assured sources of repayment for all payments made in connection with credit facilities made to Mexico after December 31, 1994, and implementation of authorities regarding such facilities; (5) efforts by the international community to stabilize the Mexican economy; (6) the extent to which Mexico is complying with conditions regarding credit facilities; (7) IMF resources to be made available in response to the Mexican financial crisis and the extent to which IMF participation is likely to require additional contributions to the IMF by member states; (8) agreements detailing the fee structure and terms of financial support made available to Mexico through the fund; (9) the assured source of repayment to the United States for credit facilities made available to Mexico after December 31, 1994; (10) the net worth and historical annual revenues of Pemex as well as the projected annual revenues for the five-year period beginning on this resolution's adoption date and the extent to which proceeds from the sale of Mexican oil to customers are required to be paid to Mexico as taxes or payments in lieu of taxes or have been pledged as collateral for the repayment of loans or credit extended to Mexico or Pemex (other than credit facilities described above); (11) the value of any oil the proceeds from the sale of which are pledged to assure the repayment of assistance provided by the United States and the manner in which the United States may exercise rights to obtain such proceeds as repayment for losses incurred; (12) assurances given by the Mexican Government with respect to changes in economic policies; (13) the decision by the President to use the assets of the fund in connection with credit facilities described above; (14) criteria used in making any decision to use such assets to respond to any economic, balance of payments, or exchange crisis in any country and the facts on which such determinations were made with respect to Poland in 1989 and to Mexico in 1994 and 1995; (15) how the use of such assets as a source of credit to Mexico compares with all prior uses since 1945 for all other countries with regard to dollar amount, type, purpose, and duration of transaction, security or collateral pledged, and the existence of any agreement involving the IMF or the Federal Reserve System; (16) outstanding debts owed by the Mexican Government to U.S. creditors; (17) an accounting of all the fund flows through the fund for the 24-month period preceding the date of adoption of this resolution; (18) the balance of available assets in the fund; (19) the amount by which the total extensions of credit that will be made available to Mexico exceed available assets in the fund and the means for covering any shortfall; (20) the departure of the IMF from its customary guidelines for country assistance; (21) the factual circumstances pursuant to which the Bank for International Settlements has become a lender to individual countries beyond the Bank's role as a clearinghouse for central banks; (22) the financial obligations of the Federal Reserve to the Bank; (23) the relationship among the Federal Reserve, the Bank, and central banks of other countries affiliated with the Bank with regard to assigning the ultimate liability for loss incurred in connection with the extension of credit to Mexico; (24) any discrepancy between the amount the President announced is available in the fund and the amount shown as being available in the monthly statement of the public debt of the United States on December 31, 1994; and (25) conditions which were put on the credit facilities through the stabilization fund or the Federal Reserve that were requested by members of the investment community.

Congressional Research Service, via api.congress.gov (public domain)

Roll-call votes

1 on record

Mar 1, 1995 · On Agreeing to the Resolution

Full roll call

Passed (407–21)

330 of 434 recorded votes are not yet matched to a member profile.

Yea407: 47 D · 45 R · 1 I

MemberPartyState
RAMSTAD, JamesMN
McCOLLUM, Ira William, Jr.FL
TRAFICANT, James A., Jr.OH
DICKS, Norman DeValoisWA
HYDE, Henry JohnIL
CASTLE, Michael NewboldDE
WHITE, Richard AlanWA
WELLER, Gerald C.IL
SHADEGG, John B.AZ
BARTLETT, Roscoe GardnerMD
GEKAS, George WilliamPA
WISE, Robert Ellsworth, Jr.WV
SKAGGS, David EvansCO
McINNIS, ScottCO
MOLLOHAN, Alan BowlbyWV
LEWIS, Charles JeremyCA
MCHALE, Paul F., Jr.PA
ROUKEMA, Margaret ScafatiNJ
CANADY, Charles TerranceFL
McDADE, Joseph MichaelPA
WARD, Michael DelavanKY
MCCRERY, James O., IIILA
STUMP, Robert LeeAZ
BALLENGER, CassNC
LAHOOD, Ray H.IL
LaTOURETTE, Steven C.OH
PICKETT, Owen BradfordVA
MORELLA, Constance A.MD
GILLMOR, Paul EugeneOH
COX, Charles ChristopherCA
BENTSEN, Kenneth E., Jr.TX
GREENE WALDHOLTZ, EnidUT
EHLERS, Vernon JamesMI
FOGLIETTA, Thomas MichaelPA
PARKER, MichaelMS
STARK, Fortney Hillman (Pete), Jr.CA
FUNDERBURK, DavidNC
PORTER, John EdwardIL
SEASTRAND, AndreaCA
LAUGHLIN, Gregory H.TX
GORDON, Barton JenningsTN
GUTKNECHT, Gilbert W.MN
HOSTETTLER, John NathanIN
HAYES, James AllisonLA
LINDER, John ElmerGA
BUNNING, James Paul DavidKY
CLEMENT, Robert NelsonTN
FRANKS, Robert DouglasNJ
BUYER, Stephen EarleIN
SCHROEDER, Patricia ScottCO
KASICH, John RichardOH
ARMEY, Richard KeithTX
BROWNBACK, Sam DaleKS
BILBRAY, Brian P.CA
OWENS, Major Robert OdellNY
JOHNSTON, Harry A., IIFL
JACOBS, Andrew, Jr.IN
SCHIFF, Steven HarveyNM
TATE, Randy J.WA
PETERSON, Douglas BrianFL
HAYWORTH, John D., Jr.AZ
CLINGER, William Floyd, Jr.PA
ROEMER, Timothy JohnIN
SPENCE, Floyd DavidsonSC
MONTGOMERY, Gillespie V.MS
DORNAN, Robert KennethCA
FRISA, DanNY
PAYNE, Lewis Franklin, Jr.VA
DOOLITTLE, John TaylorCA
McKINNEY, Cynthia AnnGA
COOLEY, WesOR
MINETA, Norman Y.CA
HOBSON, David LeeOH
SCHAEFER, DanielCO
COMBEST, Larry EdTX
COLLINS, Barbara-RoseMI
SAWYER, Thomas CharlesOH
OBEY, David RossWI
BONILLA, HenryTX
HANSEN, James VearUT
TEJEDA, FrankTX
BRYANT, John WileyTX
ARCHER, William Reynolds, Jr.TX
GREENWOOD, James CharlesPA
BONO, SonnyCA
BARCIA, James A.MI
TORKILDSEN, Peter GerardMA
HUTCHINSON, TimothyAR
KENNEDY, Joseph Patrick, IIMA
ENSIGN, John EricNV
GUNDERSON, Steven CraigWI
ZELIFF, William H., Jr.NH
CREMEANS, FrankOH
FAWELL, Harris W.IL
HOKE, Martin R.OH
BASS, Charles FosterNH
COLEMAN, Ronald D'EmoryTX
SKEEN, Joseph RichardNM
SOLOMON, Gerald Brooks HuntNY
FAZIO, Victor Herbert, Jr.CA
SOUDER, Mark EdwardIN
KENNELLY, Barbara BaileyCT
TANNER, John S.TN
MARTÍNEZ, Matthew G.CA
SHAYS, Christopher H.CT
DAVIS, Thomas M., IIIVA
BARR, BobGA
EVANS, Lane AllenIL
FLANAGAN, Michael P.IL
DEUTSCH, Peter R.FL
FLAKE, Floyd HaroldNY
DANNER, Patsy AnnMO
MANZULLO, Donald A.IL
BUNN, JimOR
BARRETT, William E.NE
GEREN, Preston M.TX
LUTHER, William PaulMN
BORSKI, Robert Anthony, Jr.PA
INGLIS, Robert DurdenSC
DEAL, John NathanGA
CLAYTON, Eva M.NC
RADANOVICH, George P.CA
SISISKY, NormanVA
ROSE, Charles Grandison, IIINC
KLUG, Scott L.WI
MOLINARI, SusanNY
STUDDS, Gerry EastmanMA
MEYERS, JanKS
TORRICELLI, Robert GuyNJ
TAYLOR, Gary EugeneMS
KOLBE, James ThomasAZ
LARGENT, SteveOK
KIM, Jay C.CA
ORTIZ, Solomon P.TX
HEINEMAN, FredNC
BOUCHER, Frederick C.VA
KNOLLENBERG, JosephMI
CRANE, Philip MillerIL
CLAY, William Lacy, Sr.MO
DELLUMS, Ronald V.CA
HILLEARY, VanTN
OBERSTAR, James LouisMN
COYNE, William JosephPA
BLILEY, Thomas Jerome, Jr.VA
LaFALCE, John JosephNY
WILLIAMS, John PatrickMT
LANTOS, Thomas PeterCA
HOUGHTON, Amory, Jr.NY
GANSKE, GregIA
HALL, Tony PatrickOH
TOWNS, EdolphusNY
ZIMMER, RichardNJ
HEFNER, Willie GathrelNC
McCARTHY, KarenMO
MURTHA, John Patrick, Jr.PA
LAZIO, Enrico A.NY
POMBO, Richard WilliamCA
McHUGH, John MichaelNY
DICKEY, Jay W., Jr.AR
DREIER, David TimothyCA
HINCHEY, Maurice DunleaNY
EHRLICH, Robert L., Jr.MD
BAKER, William P.CA
ALLARD, A. WayneCO
HARMAN, Jane L.CA
POSHARD, GlennIL
BALDACCI, John EliasME
QUILLEN, James HenryTN
WOOLSEY, Lynn C.CA
HORN, John StephenCA
GILCHREST, Wayne ThomasMD
YOUNG, Charles WilliamFL
TAYLOR, Charles HartNC
MEEHAN, Martin ThomasMA
PACKARD, Ronald C.CA
BRYANT, EdTN
CHRISTENSEN, Jon LynnNE
EMERSON, Norvell WilliamMO
MINK, Patsy TakemotoHI
FOWLER, Tillie KiddFL
VOLKMER, Harold LeeMO
DeLAY, Thomas DaleTX
JOHNSON, Nancy LeeCT
STENHOLM, Charles WalterTX
TAUZIN, Wilbert JosephLA
FRANKS, Gary A.CT
STEARNS, Clifford BundyFL
WELDON, Wayne CurtisPA
SKELTON, Isaac Newton, IVMO
HEFLEY, Joel M.CO
HAMILTON, Lee HerbertIN
ABERCROMBIE, NeilHI
CUBIN, Barbara L.WY
KELLY, Sue W.NY
FOX, Jon D.PA
FROST, Jonas MartinTX
REGULA, Ralph StrausOH
VENTO, Bruce FrankMN
LIGHTFOOT, James RossIA
MARTINI, William J.NJ
BREWSTER, William K.OK
KILDEE, Dale EdwardMI
COSTELLO, Jerry FrancisIL
ACKERMAN, Gary LeonardNY
SABO, Martin OlavMN
SPRATT, John McKee, Jr.SC
BOEHLERT, Sherwood LouisNY
THURMAN, Karen L.FL
EVERETT, Robert TerryAL
LEWIS, RonKY
KLECZKA, Gerald DanielWI
CRAMER, Robert E. (Bud), Jr.AL
LIVINGSTON, Robert Linlithgow, Jr.LA
HANCOCK, Melton D.MO
HOLDEN, Thomas TimothyPA
SCARBOROUGH, Charles JosephFL
COLLINS, CardissIL
RIGGS, Frank D.CA
BATEMAN, Herbert HarvellVA
VUCANOVICH, Barbara FarrellNV
REYNOLDS, MelIL
BEREUTER, Douglas KentNE
SHUSTER, E. G.PA
WAMP, Zachary PaulTN
MEEK, Carrie P.FL
COLLINS, Michael AllenGA
CUNNINGHAM, RandallCA
GEJDENSON, SamuelCT
POMEROY, Earl Ralph, IIIND
BEVILL, TomAL
DUNN, Jennifer BlackburnWA
HOEKSTRA, PeterMI
STUPAK, Bart T.MI
MYERS, John ThomasIN
BILIRAKIS, MichaelFL
LINCOLN, Blanche LambertAR
WILSON, CharlesTX
MOORHEAD, Carlos JohnCA
ORTON, WilliamUT
WALKER, Robert SmithPA
KENNEDY, Patrick JosephRI
NEUMANN, Mark W.WI
CONDIT, Gary AdrianCA
KANJORSKI, Paul E.PA
MYRICK, SueNC
JEFFERSON, William JenningsLA
CHRYSLER, DickMI
MINGE, David R.MN
PAXON, L. WilliamNY
RIVERS, Lynn NancyMI
METCALF, JackWA
QUINN, John FrancisNY
SMITH, Nick H.MI
THOMAS, William MarshallCA
TALENT, James MatthesMO
FIELDS, Jack Milton, Jr.TX
SHAW, Eugene Clay, Jr.FL
NEY, Robert WilliamOH
BONIOR, David EdwardMI
BAESLER, Henry ScottKY
BURTON, Danny LeeIN
LEACH, James Albert SmithIA
SMITH, LindaWA
ENGLISH, Philip SheridanPA
WATTS, Julius Caesar, Jr.OK
NORWOOD, Charles W., Jr.GA
FILNER, BobCA
EDWARDS, Thomas ChesterTX
MILLER, DanielFL
LIPINSKI, William OliverIL
HASTERT, John DennisIL
ANDREWS, Robert ErnestNJ
STOKES, LouisOH
BROWN, George Edward, Jr.CA
GOSS, Porter J.FL
DIAZ-BALART, LincolnFL
HILLIARD, Earl FrederickAL
WALSH, James T.NY
FOLEY, Mark A.FL
THORNTON, Raymond Hoyt (Ray), Jr.AR
BARRETT, Thomas M.WI
WELDON, David JosephFL
GIBBONS, Sam MelvilleFL
HERGER, Walter WilliamCA
OXLEY, Michael GarverOH
McNULTY, Michael RobertNY
GOODLING, William FranklinPA
GALLEGLY, Elton W.CA
GILMAN, Benjamin ArthurNY
FORBES, Michael PatrickNY
NUSSLE, James AllenIA
KLINK, RonaldPA
PAYNE, Donald MilfordNJ
WYNN, Albert RussellMD
NETHERCUTT, George R., Jr.WA
BROWDER, John GlenAL
LONGLEY, JamesME
CALLAHAN, Herbert LeonAL
BAKER, Richard HughLA
BLUTE, Peter I.MA
MANTON, Thomas J.NY
ISTOOK, Ernest James, Jr.OK
OLVER, John WalterMA
CHAPMAN, JimTX
PRYCE, Deborah D.OH
ROTH, Toby A.WI
EWING, Thomas W.IL
MASCARA, Frank R.PA
SAXTON, Hugh JamesNJ
FURSE, ElizabethOR
TUCKER, Walter R., IIICA
McINTOSH, David MartinIN
TIAHRT, ToddKS
CHENOWETH-HAGE, Helen P.ID
Anna G. EshooDemocratCA
George MillerDemocratCA
Henry A. WaxmanDemocratCA
Nancy PelosiDemocratCA
Sam FarrDemocratCA
Zoe LofgrenDemocratCA
Rosa L. DeLauroDemocratCT
Alcee L. HastingsDemocratFL
Corrine BrownDemocratFL
John LewisDemocratGA
Sanford D. Bishop, Jr.DemocratGA
Luis V. GutiérrezDemocratIL
Richard J. DurbinDemocratIL
Peter J. ViscloskyDemocratIN
Cleo FieldsDemocratLA
Edward J. MarkeyDemocratMA
Richard E. NealDemocratMA
Benjamin L. CardinDemocratMD
Kweisi MfumeDemocratMD
Steny H. HoyerDemocratMD
John D. DingellDemocratMI
Sander M. LevinDemocratMI
Bennie G. ThompsonDemocratMS
Frank Pallone, Jr.DemocratNJ
Robert MenendezDemocratNJ
Carolyn B. MaloneyDemocratNY
Charles E. SchumerDemocratNY
Eliot L. EngelDemocratNY
Jerrold NadlerDemocratNY
Louise McIntosh SlaughterDemocratNY
Nita M. LoweyDemocratNY
Nydia M. VelázquezDemocratNY
Marcy KapturDemocratOH
Sherrod BrownDemocratOH
Peter A. DeFazioDemocratOR
Ron WydenDemocratOR
Chaka FattahDemocratPA
Michael F. DoyleDemocratPA
Jack ReedDemocratRI
James E. ClyburnDemocratSC
Tim JohnsonDemocratSD
Gene GreenDemocratTX
Lloyd DoggettDemocratTX
Sheila Jackson LeeDemocratTX
Robert C. "Bobby" ScottDemocratVA
Jim McDermottDemocratWA
Nick J. Rahall IIDemocratWV
Bernard SandersIndependentVT
Don YoungRepublicanAK
Spencer BachusRepublicanAL
Matt SalmonRepublicanAZ
Dana RohrabacherRepublicanCA
Edward R. RoyceRepublicanCA
Howard P. "Buck" McKeonRepublicanCA
Ken CalvertRepublicanCA
Ileana Ros-LehtinenRepublicanFL
John L. MicaRepublicanFL
Jack KingstonRepublicanGA
Saxby ChamblissRepublicanGA
Tom LathamRepublicanIA
Mike CrapoRepublicanID
Pat RobertsRepublicanKS
Ed WhitfieldRepublicanKY
Harold RogersRepublicanKY
Dave CampRepublicanMI
Fred UptonRepublicanMI
Roger F. WickerRepublicanMS
Howard CobleRepublicanNC
Richard BurrRepublicanNC
Walter B. JonesRepublicanNC
Christopher H. SmithRepublicanNJ
Frank A. LoBiondoRepublicanNJ
Rodney P. FrelinghuysenRepublicanNJ
Peter T. KingRepublicanNY
John A. BoehnerRepublicanOH
Rob PortmanRepublicanOH
Steve ChabotRepublicanOH
Frank D. LucasRepublicanOK
Tom CoburnRepublicanOK
Lindsey GrahamRepublicanSC
Mark SanfordRepublicanSC
John J. Duncan, Jr.RepublicanTN
Joe BartonRepublicanTX
Lamar SmithRepublicanTX
Mac ThornberryRepublicanTX
Ralph M. HallRepublicanTX
Sam JohnsonRepublicanTX
Steve StockmanRepublicanTX
Bob GoodlatteRepublicanVA
Frank R. WolfRepublicanVA
Doc HastingsRepublicanWA
F. James Sensenbrenner, Jr.RepublicanWI
Thomas E. PetriRepublicanWI

Nay21: 9 D

MemberPartyState
WATT, Melvin L.NC
FORD, Harold EugeneTN
BERMAN, Howard LawrenceCA
de la GARZA, Eligio, IITX
FRANK, BarneyMA
YATES, Sidney RichardIL
TORRES, Esteban EdwardCA
RICHARDSON, BillNM
DIXON, Julian CareyCA
MATSUI, Robert T.CA
GEPHARDT, Richard AndrewMO
BEILENSON, Anthony CharlesCA
Ed PastorDemocratAZ
Lucille Roybal-AllardDemocratCA
Maxine WatersDemocratCA
Xavier BecerraDemocratCA
John Conyers, Jr.DemocratMI
Charles B. RangelDemocratNY
José E. SerranoDemocratNY
Eddie Bernice JohnsonDemocratTX
James P. MoranDemocratVA

Not Voting6: 2 D

MemberPartyState
GONZÁLEZ, Henry B.TX
MOAKLEY, John JosephMA
DOOLEY, Calvin M.CA
HUNTER, Duncan LeeCA
Bobby L. RushDemocratIL
Collin C. PetersonDemocratMN

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