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22 U.S.C. § 9682 — Definitions
Federal law — U.S. Code and appendices · legal_authorities
In this subchapter:
(1) **Agency** — The term “agency” includes any entity, organizational unit, program, or function.
(2) **Transition period** — The term “transition period” means the period—
(A) beginning on October 5, 2018; and
(B) ending on the effective date of the reorganization plan required by [section 9682(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9682/e&num=0&edition=prelim).
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Stable record: federal_law:legal_authorities:record_usc_4c1e2a0fee536e146ab723d4
Source file: Laws/federal/codes/united-states-code/title-22/section-9682-definitions--bf658979f6.md
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Source location: Title 22, Chapter 103, § 9682; chapter-103-better-utilization-of-investments-leading-to-development.md
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In this subchapter:
(1) **Agency** — The term “agency” includes any entity, organizational unit, program, or function.
(2) **Transition period** — The term “transition period” means the period—
(A) beginning on October 5, 2018; and
(B) ending on the effective date of the reorganization plan required by [section 9682(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9682/e&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
With respect to any function transferred under this subchapter (including under a reorganization plan under [section 9682 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9682&num=0&edition=prelim)) and exercised on or after October 5, 2018, reference in any other Federal law to any department, commission, or agency or any officer or office the functions of which are so transferred shall be deemed to refer to the Corporation or official or component of the Corporation to which that function is so transferred.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9601
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Corporate Capital Account** There is established in the Treasury of the United States a fund to be known as the “Corporate Capital Account” to carry out the purposes of the Corporation.
**(b) Funding** The Corporate Capital Account shall consist of—
(1) fees charged and collected pursuant to subsection (c);
(2) any amounts received pursuant to subsection (e);
(3) investments and returns on such investments pursuant to subsection (g);
(4) unexpended balances transferred to the Corporation pursuant to subsection (i);
(5) payments received in connection with settlements of all insurance and reinsurance claims of the Corporation; and
(6) all other collections transferred to or earned by the Corporation, excluding the cost, as defined in [section 661a of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a&num=0&edition=prelim), of loans and loan guaranties.
**(c) Fee authority** Fees may be charged and collected for providing services in amounts to be determined by the Corporation.
**(d) Uses**
(1) **In general** — Subject to Acts making appropriations, the Corporation is authorized to pay—
(A) the cost, as defined in [section 661a of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a&num=0&edition=prelim), of loans and loan guaranties;
(B) administrative expenses of the Corporation;
(C) for the cost of providing support authorized by subsections (c), (e), (f), and (g) of [section 9621 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9621&num=0&edition=prelim); 11 So in original. Probably should be followed by “and”.
(D) project-specific transaction costs.
(2) **Income and revenue** — In order to carry out the purposes of the Corpo
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9635
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Submission of plan**
(1) **In general** — Not later than 120 days after October 5, 2018, the President shall transmit to the appropriate congressional committees a reorganization plan regarding the following:
(A) The transfer of agencies, personnel, assets, and obligations to the Corporation pursuant to this subchapter.
(B) Any consolidation, reorganization, or streamlining of agencies transferred to the Corporation pursuant to this subchapter.
(C) Any efficiencies or cost savings achieved or additional costs incurred as a result of the transfer of agencies, personnel, assets, and obligations to the Corporation pursuant to this subchapter, including reductions in unnecessary or duplicative operations, assets, and personnel.
(2) **Consultation** — Not later than 15 days before the date on which the plan is transmitted pursuant to this subsection, the President shall consult with the appropriate congressional committees on such plan.
**(b) Plan elements** The plan transmitted under subsection (a) shall contain, consistent with this chapter, such elements as the President deems appropriate, including the following:
(1) Identification of any functions of agencies transferred to the Corporation pursuant to this subchapter that will not be transferred to the Corporation under the plan.
(2) Specification of the steps to be taken to organize the Corporation, including the delegation or assignment of functions transferred to the Corporation.
(3) Specification of the funds available to each agency that will be transferred to the Corporation as a result of transfers under the plan.
(4) Specification of the proposed allocations within the Corporation of unexpended funds transferred in connection with transfers under the plan.
(5) Specification of any proposed
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9683
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Effective at the end of the transition period, there shall be transferred to the Corporation the functions, personnel, assets, and liabilities of—
(1) the Overseas Private Investment Corporation, as in existence on the day before October 5, 2018; and
(2) the following elements of the United States Agency for International Development:
(A) The Development Credit Authority.
(B) The existing Legacy Credit portfolio under the Urban Environment Program and any other direct loan programs and non-Development Credit Authority guaranty programs authorized by the Foreign Assistance Act of 1961 ([22 U.S.C. 2151](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2151&num=0&edition=prelim) et seq.) or other predecessor Acts, as in existence on October 5, 2018, other than any sovereign loan guaranties.
**(b) Additional transfer authority** Effective at the end of the transition period, there is authorized to be transferred to the Corporation, with the concurrence of the Administrator of the United States Agency for International Development, the functions, personnel, assets, and liabilities of the following elements of the United States Agency for International Development:
(1) The Office of Private Capital and Microenterprise.
(2) The enterprise funds.
**(c) Sovereign loan guaranty transfer**
(1) **In general** — Effective at the end of the transition period, there is authorized to be transferred to the Corporation or any other appropriate department or agency of the United States Government the loan accounts and the legal rights and responsibilities for the sovereign loan guaranty portfolio held by the United States Agency for International Development as in existence on the day before October 5, 2018.
(2) **Inclusion in re
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9684
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Federal law — U.S. Code and appendices · legal_authorities
Page 2286
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 9672
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsec. (i), was in the
original ‘‘this division’’, meaning division F of Pub. L.
115–254, Oct. 5, 2018, 132 Stat. 3485, which is classified
principally to this chapter. For complete classification
of division F to the Code, see Short Title note set out
under section 9601 of this title and Tables.
§ 9672. Additionality and avoidance of market
distortion
(a) In general
Before the Corporation provides support for a
project under subchapter II of this chapter, the
Corporation shall ensure that private sector en-
tities are afforded an opportunity to support the
project.
(b) Safeguards, policies, and guidelines
The Corporation shall develop appropriate
safeguards, policies, and guidelines to ensure
that support provided by the Corporation under
subchapter II of this chapter—
(1) supplements and encourages, but does not
compete with, private sector support;
(2) operates according to internationally rec-
ognized best practices and standards with re-
spect to ensuring the avoidance of market dis-
torting government subsidies and the crowd-
ing out of private sector lending; and
(3) does not have a significant adverse im-
pact on United States employment.
(Pub. L. 115–254, div. F, title V, § 1452, Oct. 5,
2018, 132 Stat. 3509.)
§ 9673. Prohibition on support in countries that
support terrorism or violate human rights
and with sanctioned persons
(a) In general
The Corporation is prohibited from providing
support under subchapter II of this chapter for a
government, or an entity owned or controlled by
a government, if the Secretary of State has de-
termined that the government—
(1) has repeatedly provided support for acts
of
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 9682
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.