Central American and Caribbean Relief Act

Central American and Caribbean Relief Act - Title I: United States-Caribbean Basin Trade Enhancement - United States-Caribbean Basin Trade Enhancement Act - Amends the Caribbean Basin Economic Recovery Act (CBERA) to accord, for a specified period, the same tariff and quota treatment (duty-free treatment, free of any quantitative limitations) given certain textile and apparel articles imported from North American Free Trade Agreement (NAFTA) countries to such articles from CBERA beneficiary countries planning to become parties to the Free Trade Area of the Americas, or a comparable trade agreement. Subjects to certain penalties exporters or countries that engage in the transshipment of such articles (preferential treatment claimed on the basis of material false information concerning the country of origin, manufacture, processing, or assembly of the article or any of its components).(Sec. 104) Directs the U.S. International Trade Commission to report biennially to Congress and the President on the economic impact of this Act on U.S. industries and consumers, including its effectiveness in promoting drug-related crop eradication and crop substitution efforts of CBERA beneficiary countries.(Sec. 105) Authorizes the President (with respect to factors considered in the designation of a country as a beneficiary country) to determine that a country is not providing adequate protection of intellectual property rights even if it is in compliance with its obligations under the Agreement on Trade-Related Aspects of Intellectual Property Rights of the Uruguay Round Agreements Act.(Sec. 106) Grants duty-free treatment of rum liqueurs and spirituous beverages from Canada and Mexico if certain conditions are met.Title II: Economic Support Fund and Other Assistance - Authorizes appropriations to: (1) provide economic support fund (ESF) assistance to areas of Central America and the Caribbean affected by Hurricane Mitch in October 1998 for roads, agricultural investment, microcredit loans, water sanitation, health clinics, vaccinations, and technical assistance for housing; (2) provide international disaster assistance for such areas; and (3) the U.S. Geological Survey to conduct imaging and analysis in Honduras and Nicaragua to minimize future loss of life and property. Earmarks specified amounts, over a five year period, for eligible expenses in connection with developing new or renovating existing structures to provide decent, safe, and sanitary nonluxury dwellings (Habitat for Humanity) in the affected Central American and Caribbean countries.(Sec. 203) Authorizes appropriations to the Department of the Interior to develop a river monitoring system in Honduras.Title III: Department of Defense - Authorizes the President to direct the drawdown of defense articles and services from the stocks of the Department of Defense (DOD) for the purpose of providing disaster relief and reconstruction to the affected areas of Central America and the Caribbean.(Sec. 302) Authorizes appropriations for: (1) the New Horizons Program, earmarking amounts for use for Central America and the Dominican Republic (including the National Guard and Reserve); (2) Overseas Humanitarian, Disaster, and Civic Aid programs; and (3) the Commanders-in-Chief CINC Initiative Fund.Title IV: International Monetary Relief - Authorizes the President, subject to specific appropriations, to reschedule the repayment of interest on, and reduce the amount of, the indebtedness owed by Honduran and Nicaraguan governments to the United States in FY 1999 and 2000.(Sec. 402) Authorizes the U.S. Governor of the International Bank for Reconstruction and Development (World Bank) to contribute $25 million to the Central American Emergency Trust Fund. Authorizes appropriations.Title V: OPIC - Expresses the sense of Congress that the Overseas Private Investment Corporation (OPIC) should foster U.S. private investment and enhance the ability of private enterprise to make its full contribution in the hurricane-affected areas of Central America and the Caribbean. Authorizes appropriations.(Sec. 501) Amends the Foreign Assistance Act of 1961 to make Central American and Caribbean countries affected by Hurricane Mitch and Hurricane Georges eligible for equity investment financing under the pilot equity finance program. Increases the amount of transfers that OPIC can make from its noncredit account revolving fund to its revolving fund for acquisition of equity.Title VI: Microcredit and Agricultural Assistance - Directs the Administrator of the U.S. Agency for International Development (AID) to use credit and microcredit assistance to provide disaster assistance to rehabilitate agriculture production in the hurricane-affected areas of Central America and the Caribbean.(Sec. 603) Authorizes the Administrator of AID to utilize relevant foreign assistance programs and initiatives for the Central America and Caribbean region to support private producer-owned cooperative marketing associations there, including rural business associations owned and controlled by farmer shareholders.(Sec. 604) Directs the Administrator of AID to develop a comprehensive plan to coordinate and build on the research and extension activities of U.S. land-grant universities, international agricultural research centers, and national agricultural research and extension centers in Central America and the Caribbean.(Sec. 605) Provides assistance through the nonemergency food assistance programs of the Agriculture Trade Development and Assistance Act of 1954 to the hurricane- affected Central American and Caribbean areas.