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H.Res. 54, Reaffirming the US-Argentinian Partnership and Recognizing Argentina’s Economic Reforms, as amended

Floor Situation

On­­­­ Monday, April 3, 2017, the House will consider H.Res. 54, Reaffirming the US-Argentinian Partnership and Recognizing Argentina’s Economic Reforms, as amended, under suspension of the rules. H.Res. 54 was introduced by Rep. Albio Sires (D-NH) on January 23, 2017, and was referred to the House Committee on Foreign Affairs, which ordered the bill reported March 29, 2017, by voice vote.


Summary

H.Res. 54 affirms the U.S.-Argentina partnership and acknowledges important economic and domestic reforms undertaken by the Government of Argentines since 2015.  In addition, the resolution encourages the State Department to coordinate an interagency strategy to increase cooperation with Argentina. Finally, the resolution encourages the Government of Argentina to continue its investigation into the 1994 bombing of the Argentine-Israeli Mutual Association and the 2015 death of special prosecutor Alberto Nisman.


Background

U.S.-Argentine relations have been characterized by robust commercial relations and cooperation surrounding nonproliferation, human rights, education, and science and technology. Under previous governments in Argentina, there were periods of tension. The 2015 election of Mauricio Macri brought to power an administration committed to improving relations with the United States.[1]

The Obama Administration moved towards engaging the Macri administration on a range of regional and global issues that included trade and investment, renewable energy, climate change, and citizen security.  The United States also declassified documents from the era of military rule in Argentina.[2]

According to the resolution’s sponsor, “Argentina is Latin America’s third largest economy and President Macri’s commitment to reassert Argentina’s leadership internationally and to strengthen its partnership with the U.S. is a positive step for hemispheric relations. President Macri’s decision to resolve the 15-year standoff with private creditors stemming from the 2001-02 economic crisis is also an excellent example of the President’s commitment to improve his country’s ties with the international community”[3]


Cost

An official Congressional Budget Office (CBO) estimate is not currently available. However, previously CBO estimate enacting similar legislation that required a larger report would cost less than $500,000 over the 2017-2021 period, subject to the availability of appropriated funds.


Staff Contact

For questions or further information please contact Jake Vreeburg with the House Republican Policy Committee by email or at 2-1374.

 

[1] See CRS Report Argentina Background and U.S. Relations, at 2.
[2] Id.
[3] See Rep. Sires’ Press Release, January 23, 2017

115th Congress