The economic support funding for Israel is to be entirely on a grant basis and the House conferees accepted a Senate provision to make it a straight cash transfer. Egypt will receive $550 million in foreign military sales financing and $750 million in economic support fund economic aid also on a grant basis. for a total of $1.3 billion. While security assistance to bolster the defenses of U.S. friends and allies abroad and economic aid keyed to our vital interests are the principal items in the conference report. there are also other provisions of interest to Members: There is $59 million to help with the mounting refugee burden and $15 million specifically for Cyprus refugees. there is $1.6 billion to assist in economic development in poor countries. $30 million for American schools and hospitals abroad. $38.6 million for international narcotics control. and $118 million for the Peace Corps. A question has been raised as to why we should be acting on this conference report. since similar amounts are going to be included in the continuing resolution anyway. First. let me say. under the House procedures we are supposed. where possible. to pass authorizing legislation before the appropriations so Members can set ceilings and policy conditions.
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