Speech #930168673

The committee recommends $300 million for the military grant program and $325 million for military credit sales. The latter will support a total program of up to $730 million and of this amount $300 million is earmarked for Israel. For a reduced supporting assistance program. $100 million is recommended. and for Indochina postwar reconstruction. $400 million would be concentrated on humanitarian relief. refugees. and especially children. rather than direct support of the governments concerned. Slight reductions were made in the Department of States refugee program and its proposed new programs for Cuban refugees and its South African project are specifically denied. Small reductions are also proposed for Department of States administrative expenses. Peace Corps and the regular Cuban refugee program which will begin its proposed phaseout on July 1. 1974. No funds are recommended for Soviet Jewish refugees. No budget request was received for this item and no funds were justified to the committee. For the international development banks. the committee provided $100 million for the Asian Development Bank with the understanding that the entire amount will be spent in the United States. $418 million for the InterAmerican Development Bankthe same amount as the House but distributed differently as between the Banks accounts. and $320 million for the International Development Association.