To provide that a certification of the cooperation of Mexico with United States counterdrug efforts not be required in fiscal year 2001 for the limitation on assistance for Mexico under section 490 of the Foreign Assistance Act of 1961 not to go into effect in that fiscal year.

H.R. 753 was a legislative proposal designed to waive a specific legal requirement that the U.S. President certify Mexico’s full cooperation with counter-narcotics efforts for the 2001 fiscal year. Under the law at the time, if a country was not "certified" as a cooperative partner in the drug war, the United States was required to withhold certain types of foreign aid and oppose loans to that country from international banks.

By removing this requirement for one year, the bill aimed to ensure that bilateral assistance and economic development programs for Mexico would continue uninterrupted regardless of the formal certification process. For citizens, the bill represented an effort to maintain stable diplomatic and economic relations with a major neighbor and trading partner, prioritizing long-term regional cooperation over the annual administrative penalties associated with drug-control evaluations. The bill was referred to committee but did not advance to become law.