text: SECTION 1. FINDINGS.
  
      The Congress makes the following findings:
              (1) According to the Surgeon General of the United States, 
          the epidemic of human immunodeficiency virus/acquired immune 
          deficiency syndrome (HIV/AIDS) will soon become the worst 
          epidemic of infectious disease in recorded history, eclipsing 
          the bubonic plague of the 1300's and the influenza epidemic of 
          1918-1919, the latter killing more than 20,000,000 people 
          worldwide.
              (2) The gap between rich and poor countries in terms of 
          transmission of HIV from mother to child has been increasing, 
          threatening to reverse years of steady progress of child 
          survival in developing countries to the point that UNAIDS 
          believes that by the year 2010 AIDS may have increased 
          mortality of children under 5 years of age by more than 100 
          percent in regions most affected by the virus.
              (3) At current infection and growth rates for HIV/AIDS, the 
          National Intelligence Council estimates that the number of AIDS 
          orphans worldwide will increase dramatically, potentially 
          increasing threefold or more in the next 10 years, contributing 
          to economic decay, social fragmentation, and political 
          destabilization in already volatile societies as children 
          without care or hope are drawn into prostitution, crime, 
          substance abuse, or child soldiery.
              (4) A January 2000 United States National Intelligence 
          Estimate (NIE) report on the global infectious disease threat 
          concluded that the economic costs of infectious diseases--
          especially HIV/AIDS--are already significant and could reduce 
          gross domestic product by 20 percent or more by 2010 in some 
          sub-Saharan African nations.
              (5) Despite the discouraging statistics on the spread of 
          HIV/AIDS, some developing nations, such as Uganda, Senegal, and 
          Thailand, have implemented prevention programs that have 
          substantially curbed the rate of HIV infection.
              (6) Accordingly, because infectious diseases do not respect 
          international boundaries, United States financial support for 
          medical research, education, and disease containment as a 
          global strategy has enormous benefits for all Americans.
              (7) Given the cost of combating AIDS and other infectious 
          diseases worldwide, a contribution to the Global Fund to Fight 
          AIDS, Tuberculosis and Malaria of all Special Drawing Rights 
          authorized to be allocated to the United States under a 
          proposed Fourth Amendment to the Articles of Agreement of the 
          International Monetary Fund would be a significant step in 
          combating this epidemic.
              (8) In September 1997, the international community endorsed 
          the proposed Fourth Amendment, but the amendment has not been 
          implemented because the Executive Branch has not requested 
          Congressional authorization for United States approval of the 
          Fourth Amendment.
              (9) The proposed Fourth Amendment has been accepted by 109 
          of the 110 members of the International Monetary Fund, 
          representing 72.18 percent of the total voting power of the 
          International Monetary Fund.
              (10) Whereas approval of the proposed Fourth Amendment by 
          the United States, which holds 17.16 percent of the voting 
          power at the International Monetary Fund, would enable the 
          Special Drawing Rights to be allocated to the United States.
              (11) The Global Fund to Fight AIDS, Tuberculosis and 
          Malaria is a method for leveraging resources from donor nations 
          to meet the extraordinary need for resources by creating a much 
          stronger multilateral ``burden-sharing'' approach to combating 
          the HIV/AIDS crisis.
  
  SEC. 2. ACCEPTANCE OF FOURTH AMENDMENT TO THE ARTICLES OF AGREEMENT OF 
                THE FUND; CONTRIBUTION OF SPECIAL DRAWING RIGHTS TO THE 
                GLOBAL FUND TO FIGHT AIDS, TUBERCULOSIS AND MALARIA.
  
      The Bretton Woods Agreements Act (22 U.S.C. 286-286nn) is amended 
  by adding at the end the following:
  
  ``SEC. 64. ACCEPTANCE OF FOURTH AMENDMENT TO THE ARTICLES OF AGREEMENT 
                OF THE FUND; CONTRIBUTION OF SPECIAL DRAWING RIGHTS TO 
                THE GLOBAL FUND TO FIGHT AIDS, TUBERCULOSIS AND MALARIA.
  
      ``(a) Acceptance of Fourth Amendment to the Articles of 
  Agreement.--The United States Governor of the Fund shall, on behalf of 
  the United States, accept the amendments to the Articles of Agreement 
  of the Fund approved in resolution numbered 52-4 of the Board of 
  Governors of the Fund.
      ``(b) Contribution of Special Drawing Rights to the Global Fund To 
  Fight AIDS, Tuberculosis and Malaria.--
              ``(1) Instruction to seek agreement to allow the global 
          fund to hold special drawing rights.--The Secretary of the 
          Treasury shall instruct the United States Executive Director at 
          the Fund to seek an agreement to include the Bank, in its 
          capacity as administrator of the Global Fund to Fight AIDS, 
          Tuberculosis and Malaria, as a prescribed holder of Special 
          Drawing Rights.
              ``(2) Contributions.--On achieving the agreement described 
          in paragraph (1), the Secretary of the Treasury shall provide 
          for the contribution to the Global Fund to Fight AIDS, 
          Tuberculosis and Malaria, in each of fiscal years 2004 through 
          2006, of \1/3\ of the Special Drawing Rights received by the 
          United States pursuant to the amendments referred to in 
          subsection (a).
      ``(c) Negotiations To Urge Other Fund Members To Make Similar 
  Contributions to the Global Fund.--The Secretary of the Treasury shall 
  seek to enter into negotiations for the purpose of inducing the member 
  countries of the Fund to contribute to the Global Fund to Fight AIDS, 
  Tuberculosis and Malaria the Special Drawing Rights allocated pursuant 
  to the amendments referred to in subsection (a).''.
target: Amends the Bretton Woods Agreements Act to direct the U.S. Governor of the International Monetary Fund (IMF) to accept, on behalf of the United States, the fourth amendment to the Articles of Agreement of the IMF approved in resolution numbered 52- 4 of the IMF's Board of Governors.Directs the Secretary of the Treasury to: (1) instruct the U.S. Executive Director at the IMF to seek an agreement to include the International Bank for Reconstruction and Development (World Bank), in its capacity as administrator of the Global Fund to Fight AIDS, Tuberculosis and Malaria, as a prescribed holder of Special Drawing Rights; (2) upon achieving an agreement, provide for the contribution of one-third of the Special Drawing Rights received by the United States to the Global Fund to Fight AIDS, Tuberculosis and Malaria; and (3) seek to enter into negotiations to induce IMF member countries to contribute their allocated Special Drawing Rights to the Global Fund to Fight AIDS, Tuberculosis and Malaria.
feat_title: To provide for acceptance of the Fourth Amendment to the Articles of Agreement of the International Monetary Fund, to provide for the Special Drawing Rights allocated to the United States pursuant to the amendment to be contributed to the Global Fund to Fight AIDS, Tuberculosis and Malaria, and to require the Secretary of the Treasury to seek negotiations for the purpose of inducing the other member countries of the International Monetary Fund to make similar contributions to that Global Fund, and for other purposes.