H.R. 2578 (103rd): To ensure fair resolution of commercial disputes between United States firms and Saudi Arabia.

103rd Congress, 1993–1994. Text as of Jul 01, 1993 (Introduced).

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HR 2578 IH

103d CONGRESS

1st Session

H. R. 2578

To ensure fair resolution of commercial disputes between United States firms and Saudi Arabia.

IN THE HOUSE OF REPRESENTATIVES

July 1, 1993

Mr. BEVILL introduced the following bill; which was referred to the Committee on Foreign Affairs

A BILL

To ensure fair resolution of commercial disputes between United States firms and Saudi Arabia.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. UNRESOLVED COMMERCIAL DISPUTES IN SAUDI ARABIA.

    Not later than 60 days after the date of enactment of this Act, the Secretary of Commerce, after consultation with the Secretary of State and the Secretary of Defense, shall submit a report to the Congress on the status of the process and the prognosis for the satisfactory resolution of commercial disputes in Saudi Arabia described in section 9140 of the Department of Defense Appropriations Act, 1993, (Public Law 102-396). For purposes of such report, satisfactory resolution of a commercial dispute shall mean the execution of a signed release to that effect by the relevant United States firm.

SEC. 2. ESTABLISHMENT OF DISPUTE RESOLUTION MECHANISM.

    (a) SENSE OF CONGRESS- It is the sense of the Congress that the Secretary of State, the Secretary of Defense, and the Secretary of Commerce should promptly negotiate with the Government of Saudi Arabia for the establishment of a contract claims review commission for the resolution of future commercial disputes between United States firms and Saudi Arabia.

    (b) CONGRESSIONAL REPORT- Not later than 60 days after the date of enactment of this Act, the Secretary of State, in consultation with the Secretary of Commerce and the Secretary of Defense, shall prepare and submit a report concerning the establishment of a contract claims review commission to the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate.