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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.

Yea: 407 (47 D · 45 R · 1 I)

MemberPartyState
RAMSTAD, James—MN
McCOLLUM, Ira William, Jr.—FL
TRAFICANT, James A., Jr.—OH
DICKS, Norman DeValois—WA
HYDE, Henry John—IL
CASTLE, Michael Newbold—DE
WHITE, Richard Alan—WA
WELLER, Gerald C.—IL
SHADEGG, John B.—AZ
BARTLETT, Roscoe Gardner—MD
GEKAS, George William—PA
WISE, Robert Ellsworth, Jr.—WV
SKAGGS, David Evans—CO
McINNIS, Scott—CO
MOLLOHAN, Alan Bowlby—WV
LEWIS, Charles Jeremy—CA
MCHALE, Paul F., Jr.—PA
ROUKEMA, Margaret Scafati—NJ
CANADY, Charles Terrance—FL
McDADE, Joseph Michael—PA
WARD, Michael Delavan—KY
MCCRERY, James O., III—LA
STUMP, Robert Lee—AZ
BALLENGER, Cass—NC
LAHOOD, Ray H.—IL
LaTOURETTE, Steven C.—OH
PICKETT, Owen Bradford—VA
MORELLA, Constance A.—MD
GILLMOR, Paul Eugene—OH
COX, Charles Christopher—CA
BENTSEN, Kenneth E., Jr.—TX
GREENE WALDHOLTZ, Enid—UT
EHLERS, Vernon James—MI
FOGLIETTA, Thomas Michael—PA
PARKER, Michael—MS
STARK, Fortney Hillman (Pete), Jr.—CA
FUNDERBURK, David—NC
PORTER, John Edward—IL
SEASTRAND, Andrea—CA
LAUGHLIN, Gregory H.—TX
GORDON, Barton Jennings—TN
GUTKNECHT, Gilbert W.—MN
HOSTETTLER, John Nathan—IN
HAYES, James Allison—LA
LINDER, John Elmer—GA
BUNNING, James Paul David—KY
CLEMENT, Robert Nelson—TN
FRANKS, Robert Douglas—NJ
BUYER, Stephen Earle—IN
SCHROEDER, Patricia Scott—CO
KASICH, John Richard—OH
ARMEY, Richard Keith—TX
BROWNBACK, Sam Dale—KS
BILBRAY, Brian P.—CA
OWENS, Major Robert Odell—NY
JOHNSTON, Harry A., II—FL
JACOBS, Andrew, Jr.—IN
SCHIFF, Steven Harvey—NM
TATE, Randy J.—WA
PETERSON, Douglas Brian—FL
HAYWORTH, John D., Jr.—AZ
CLINGER, William Floyd, Jr.—PA
ROEMER, Timothy John—IN
SPENCE, Floyd Davidson—SC
MONTGOMERY, Gillespie V.—MS
DORNAN, Robert Kenneth—CA
FRISA, Dan—NY
PAYNE, Lewis Franklin, Jr.—VA
DOOLITTLE, John Taylor—CA
McKINNEY, Cynthia Ann—GA
COOLEY, Wes—OR
MINETA, Norman Y.—CA
HOBSON, David Lee—OH
SCHAEFER, Daniel—CO
COMBEST, Larry Ed—TX
COLLINS, Barbara-Rose—MI
SAWYER, Thomas Charles—OH
OBEY, David Ross—WI
BONILLA, Henry—TX
HANSEN, James Vear—UT
TEJEDA, Frank—TX
BRYANT, John Wiley—TX
ARCHER, William Reynolds, Jr.—TX
GREENWOOD, James Charles—PA
BONO, Sonny—CA
BARCIA, James A.—MI
TORKILDSEN, Peter Gerard—MA
HUTCHINSON, Timothy—AR
KENNEDY, Joseph Patrick, II—MA
ENSIGN, John Eric—NV
GUNDERSON, Steven Craig—WI
ZELIFF, William H., Jr.—NH
CREMEANS, Frank—OH
FAWELL, Harris W.—IL
HOKE, Martin R.—OH
BASS, Charles Foster—NH
COLEMAN, Ronald D'Emory—TX
SKEEN, Joseph Richard—NM
SOLOMON, Gerald Brooks Hunt—NY
FAZIO, Victor Herbert, Jr.—CA
SOUDER, Mark Edward—IN
KENNELLY, Barbara Bailey—CT
TANNER, John S.—TN
MARTÍNEZ, Matthew G.—CA
SHAYS, Christopher H.—CT
DAVIS, Thomas M., III—VA
BARR, Bob—GA
EVANS, Lane Allen—IL
FLANAGAN, Michael P.—IL
DEUTSCH, Peter R.—FL
FLAKE, Floyd Harold—NY
DANNER, Patsy Ann—MO
MANZULLO, Donald A.—IL
BUNN, Jim—OR
BARRETT, William E.—NE
GEREN, Preston M.—TX
LUTHER, William Paul—MN
BORSKI, Robert Anthony, Jr.—PA
INGLIS, Robert Durden—SC
DEAL, John Nathan—GA
CLAYTON, Eva M.—NC
RADANOVICH, George P.—CA
SISISKY, Norman—VA
ROSE, Charles Grandison, III—NC
KLUG, Scott L.—WI
MOLINARI, Susan—NY
STUDDS, Gerry Eastman—MA
MEYERS, Jan—KS
TORRICELLI, Robert Guy—NJ
TAYLOR, Gary Eugene—MS
KOLBE, James Thomas—AZ
LARGENT, Steve—OK
KIM, Jay C.—CA
ORTIZ, Solomon P.—TX
HEINEMAN, Fred—NC
BOUCHER, Frederick C.—VA
KNOLLENBERG, Joseph—MI
CRANE, Philip Miller—IL
CLAY, William Lacy, Sr.—MO
DELLUMS, Ronald V.—CA
HILLEARY, Van—TN
OBERSTAR, James Louis—MN
COYNE, William Joseph—PA
BLILEY, Thomas Jerome, Jr.—VA
LaFALCE, John Joseph—NY
WILLIAMS, John Patrick—MT
LANTOS, Thomas Peter—CA
HOUGHTON, Amory, Jr.—NY
GANSKE, Greg—IA
HALL, Tony Patrick—OH
TOWNS, Edolphus—NY
ZIMMER, Richard—NJ
HEFNER, Willie Gathrel—NC
McCARTHY, Karen—MO
MURTHA, John Patrick, Jr.—PA
LAZIO, Enrico A.—NY
POMBO, Richard William—CA
McHUGH, John Michael—NY
DICKEY, Jay W., Jr.—AR
DREIER, David Timothy—CA
HINCHEY, Maurice Dunlea—NY
EHRLICH, Robert L., Jr.—MD
BAKER, William P.—CA
ALLARD, A. Wayne—CO
HARMAN, Jane L.—CA
POSHARD, Glenn—IL
BALDACCI, John Elias—ME
QUILLEN, James Henry—TN
WOOLSEY, Lynn C.—CA
HORN, John Stephen—CA
GILCHREST, Wayne Thomas—MD
YOUNG, Charles William—FL
TAYLOR, Charles Hart—NC
MEEHAN, Martin Thomas—MA
PACKARD, Ronald C.—CA
BRYANT, Ed—TN
CHRISTENSEN, Jon Lynn—NE
EMERSON, Norvell William—MO
MINK, Patsy Takemoto—HI
FOWLER, Tillie Kidd—FL
VOLKMER, Harold Lee—MO
DeLAY, Thomas Dale—TX
JOHNSON, Nancy Lee—CT
STENHOLM, Charles Walter—TX
TAUZIN, Wilbert Joseph—LA
FRANKS, Gary A.—CT
STEARNS, Clifford Bundy—FL
WELDON, Wayne Curtis—PA
SKELTON, Isaac Newton, IV—MO
HEFLEY, Joel M.—CO
HAMILTON, Lee Herbert—IN
ABERCROMBIE, Neil—HI
CUBIN, Barbara L.—WY
KELLY, Sue W.—NY
FOX, Jon D.—PA
FROST, Jonas Martin—TX
REGULA, Ralph Straus—OH
VENTO, Bruce Frank—MN
LIGHTFOOT, James Ross—IA
MARTINI, William J.—NJ
BREWSTER, William K.—OK
KILDEE, Dale Edward—MI
COSTELLO, Jerry Francis—IL
ACKERMAN, Gary Leonard—NY
SABO, Martin Olav—MN
SPRATT, John McKee, Jr.—SC
BOEHLERT, Sherwood Louis—NY
THURMAN, Karen L.—FL
EVERETT, Robert Terry—AL
LEWIS, Ron—KY
KLECZKA, Gerald Daniel—WI
CRAMER, Robert E. (Bud), Jr.—AL
LIVINGSTON, Robert Linlithgow, Jr.—LA
HANCOCK, Melton D.—MO
HOLDEN, Thomas Timothy—PA
SCARBOROUGH, Charles Joseph—FL
COLLINS, Cardiss—IL
RIGGS, Frank D.—CA
BATEMAN, Herbert Harvell—VA
VUCANOVICH, Barbara Farrell—NV
REYNOLDS, Mel—IL
BEREUTER, Douglas Kent—NE
SHUSTER, E. G.—PA
WAMP, Zachary Paul—TN
MEEK, Carrie P.—FL
COLLINS, Michael Allen—GA
CUNNINGHAM, Randall—CA
GEJDENSON, Samuel—CT
POMEROY, Earl Ralph, III—ND
BEVILL, Tom—AL
DUNN, Jennifer Blackburn—WA
HOEKSTRA, Peter—MI
STUPAK, Bart T.—MI
MYERS, John Thomas—IN
BILIRAKIS, Michael—FL
LINCOLN, Blanche Lambert—AR
WILSON, Charles—TX
MOORHEAD, Carlos John—CA
ORTON, William—UT
WALKER, Robert Smith—PA
KENNEDY, Patrick Joseph—RI
NEUMANN, Mark W.—WI
CONDIT, Gary Adrian—CA
KANJORSKI, Paul E.—PA
MYRICK, Sue—NC
JEFFERSON, William Jennings—LA
CHRYSLER, Dick—MI
MINGE, David R.—MN
PAXON, L. William—NY
RIVERS, Lynn Nancy—MI
METCALF, Jack—WA
QUINN, John Francis—NY
SMITH, Nick H.—MI
THOMAS, William Marshall—CA
TALENT, James Matthes—MO
FIELDS, Jack Milton, Jr.—TX
SHAW, Eugene Clay, Jr.—FL
NEY, Robert William—OH
BONIOR, David Edward—MI
BAESLER, Henry Scott—KY
BURTON, Danny Lee—IN
LEACH, James Albert Smith—IA
SMITH, Linda—WA
ENGLISH, Philip Sheridan—PA
WATTS, Julius Caesar, Jr.—OK
NORWOOD, Charles W., Jr.—GA
FILNER, Bob—CA
EDWARDS, Thomas Chester—TX
MILLER, Daniel—FL
LIPINSKI, William Oliver—IL
HASTERT, John Dennis—IL
ANDREWS, Robert Ernest—NJ
STOKES, Louis—OH
BROWN, George Edward, Jr.—CA
GOSS, Porter J.—FL
DIAZ-BALART, Lincoln—FL
HILLIARD, Earl Frederick—AL
WALSH, James T.—NY
FOLEY, Mark A.—FL
THORNTON, Raymond Hoyt (Ray), Jr.—AR
BARRETT, Thomas M.—WI
WELDON, David Joseph—FL
GIBBONS, Sam Melville—FL
HERGER, Walter William—CA
OXLEY, Michael Garver—OH
McNULTY, Michael Robert—NY
GOODLING, William Franklin—PA
GALLEGLY, Elton W.—CA
GILMAN, Benjamin Arthur—NY
FORBES, Michael Patrick—NY
NUSSLE, James Allen—IA
KLINK, Ronald—PA
PAYNE, Donald Milford—NJ
WYNN, Albert Russell—MD
NETHERCUTT, George R., Jr.—WA
BROWDER, John Glen—AL
LONGLEY, James—ME
CALLAHAN, Herbert Leon—AL
BAKER, Richard Hugh—LA
BLUTE, Peter I.—MA
MANTON, Thomas J.—NY
ISTOOK, Ernest James, Jr.—OK
OLVER, John Walter—MA
CHAPMAN, Jim—TX
PRYCE, Deborah D.—OH
ROTH, Toby A.—WI
EWING, Thomas W.—IL
MASCARA, Frank R.—PA
SAXTON, Hugh James—NJ
FURSE, Elizabeth—OR
TUCKER, Walter R., III—CA
McINTOSH, David Martin—IN
TIAHRT, Todd—KS
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

Nay: 21 (9 D)

MemberPartyState
WATT, Melvin L.—NC
FORD, Harold Eugene—TN
BERMAN, Howard Lawrence—CA
de la GARZA, Eligio, II—TX
FRANK, Barney—MA
YATES, Sidney Richard—IL
TORRES, Esteban Edward—CA
RICHARDSON, Bill—NM
DIXON, Julian Carey—CA
MATSUI, Robert T.—CA
GEPHARDT, Richard Andrew—MO
BEILENSON, Anthony Charles—CA
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 Voting: 6 (2 D)

MemberPartyState
GONZÁLEZ, Henry B.—TX
MOAKLEY, John Joseph—MA
DOOLEY, Calvin M.—CA
HUNTER, Duncan Lee—CA
Bobby L. RushDemocratIL
Collin C. PetersonDemocratMN

Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.