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22 U.S.C. § 5841 — Funding for OPIC programs
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to make additional funds available** Funds authorized to be appropriated for fiscal year 1993 to carry out chapter 11 of part I of the Foreign Assistance Act of 1961 [[22 U.S.C. 2295](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2295&num=0&edition=prelim) et seq.] may be made available to cover costs incurred by the Overseas Private Investment Corporation in carrying out programs with respect to the independent states of the former Soviet Union under title IV of chapter 2 of part I of that Act ([22 U.S.C. 2191](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2191&num=0&edition=prelim) and following),11 See References in Text note below. in addition to amounts otherwise available for that purpose.
**(b) Enactment of OPIC Authorization Act** The authority of subsection (a) shall cease to be effective upon the enactment of the Overseas Private Investment Corporation Act Amendments Act of 1992.
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Source file: Laws/federal/codes/united-states-code/title-22/section-5841-funding-for-opic-programs--2b3fd7c239.md
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Source location: Title 22, Chapter 67, § 5841; chapter-067-freedom-for-russia-and-emerging-eurasian-democracies-and-open-markets-support.md
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**(a) Authority to make additional funds available** Funds authorized to be appropriated for fiscal year 1993 to carry out chapter 11 of part I of the Foreign Assistance Act of 1961 [[22 U.S.C. 2295](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2295&num=0&edition=prelim) et seq.] may be made available to cover costs incurred by the Overseas Private Investment Corporation in carrying out programs with respect to the independent states of the former Soviet Union under title IV of chapter 2 of part I of that Act ([22 U.S.C. 2191](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2191&num=0&edition=prelim) and following),11 See References in Text note below. in addition to amounts otherwise available for that purpose.
**(b) Enactment of OPIC Authorization Act** The authority of subsection (a) shall cease to be effective upon the enactment of the Overseas Private Investment Corporation Act Amendments Act of 1992.
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Federal law — U.S. Code and appendices · legal_authorities
Subsections (g), (l), (m), and (n) of [section 2197 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2197&num=0&edition=prelim) shall apply with respect to the Corporation to the same extent and in the same manner as such subsections applied with respect to the Overseas Private Investment Corporation on the day before October 5, 2018.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9681
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Federal law — U.S. Code and appendices · legal_authorities
**(a) to (f). Repealed. Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513**
**(g) Fraud or misrepresentation** No payment may be made under any guaranty, insurance, or reinsurance issued pursuant to this subpart for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible.
**(h) to (k) Repealed. Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513**
**(l) Convictions under Foreign Corrupt Practices Act of 1977; prohibition on payments for losses resulting from unlawful activities; suspension from eligibility of receipt of financial support**
(1) No payment may be made under any insurance or reinsurance which is issued under this subpart on or after April 24, 1978, for any loss occurring with respect to a project, if the preponderant cause of such loss was an act by the investor seeking payment under this subpart, by a person possessing majority ownership and control of the investor at the time of the act, or by any agent of such investor or controlling person, and a court of the United States has entered a final judgment that such act constituted a violation under the Foreign Corrupt Practices Act of 1977.
(2) Not later than 120 days after April 24, 1978, the Corporation shall adopt regulations setting forth appropriate conditions under which any person convicted under the Foreign Corrupt Practices Act of 1977 for an offense related to a project insured or otherwise supported by the Corporation shall be suspended, for a period of not more than five years, from eligibility to receive any insurance, reinsurance, guaranty, loan, or other financial support authorized by this subpart.
**(m) Notification of countries of environmental restrictions on certain activities**
(1) Befo
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2197
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151
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Federal law — U.S. Code and appendices · legal_authorities
The President is authorized to provide assistance to the independent states of the former Soviet Union under this part for the following activities:
(1) **Urgent humanitarian needs** — Meeting urgent humanitarian needs (including those arising from the health effects of exposure to radiation in the Chernobyl region), in particular—
(A) meeting needs for medicine, medical supplies and equipment, and food, including the nutritional needs of infants such as processed baby food; and
(B) continuing efforts to rebuild from the earthquake in Armenia.
(2) **Democracy and rule of law** — Establishing a democratic and free society by fostering—
(A) political, social, and economic pluralism;
(B) respect for internationally recognized human rights and the rule of law;
(C) the development of institutions of democratic governance, including electoral and legislative processes;
(D) the institution and improvement of public administration at the national, intergovernmental, regional, and local level;
(E) development and support of grass-roots and nongovernmental organizations promoting democracy, the rule of law, transparency, and accountability in the political process, including grants in small amounts to such organizations;
(F) international exchanges and other forms of public diplomacy to promote greater understanding on how democracy, the public policy process, market institutions, and an independent judiciary function in Western societies;
(G) political parties and coalitions committed to promoting democracy, human rights, and economic reforms;
(H) support for civic organizations committed to promoting human rights;
(I) the development of effective control by elected civilian officials over, and the development of a nonpolitical officer corps in
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2295
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Federal law — U.S. Code and appendices · legal_authorities
Page 678
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§§ 2191 to 2194
2 So in original. Probably should be ‘‘issued’’.
the event the borrower elects not to finance
such costs or fees out of loan principal. Guaran-
tees once issued hereunder shall be uncondi-
tional and fully and freely transferable.
(m) Terms and conditions
(1) Each loan guarantee issued under this sec-
tion shall guarantee 100 percent of the principal
and interest payable on such loans.
(2) The standard terms of any loan or incre-
ment guaranteed under this section shall be 30
years with semiannual payments of interest
only over the first 10 years, and with semiannual
payments of principal and interest on a level
payment basis, over the last 20 years thereof, ex-
cept that the guaranteed loan or any increments
issued in a single transaction may include obli-
gations having different maturities, interest
rates, and payment terms if the aggregate
scheduled debt service for all obligations issued
in a single transaction equals the debt service
for a single loan or increment of like amount
having the standard terms described in this sen-
tence. The guarantor shall not have the right to
accelerate any guaranteed loan or increment or
to pay any amounts in respect of the guarantees
issued other than in accordance with the origi-
nal payment terms of the loan. For purposes of
determining the maximum principal amount of
any loan or increment to be guaranteed under
this section, the principal amount of each such
loan or increment shall be—
(A) in the case of any loan issued on a dis-
count basis, the original issue price (excluding
any transaction costs) thereof; or
(B) in the case of any loan issue 2 on an in-
terest-bearing
basis,
the
stated
principal
amount thereof.
(Pub. L. 87–19
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2191
Stored review status: historical_2024_not_currentness_verified. The source passage cites 22 U.S.C. § 2191. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 763
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2295
PART
XI—SUPPORT
FOR
ECONOMIC
AND
DEMO-
CRATIC
DEVELOPMENT
OF
THE
INDEPENDENT
STATES OF THE FORMER SOVIET UNION
§ 2295. Assistance for the independent states
The President is authorized to provide assist-
ance to the independent states of the former So-
viet Union under this part for the following ac-
tivities:
(1) Urgent humanitarian needs
Meeting urgent humanitarian needs (includ-
ing those arising from the health effects of ex-
posure to radiation in the Chernobyl region),
in particular—
(A) meeting needs for medicine, medical
supplies and equipment, and food, including
the nutritional needs of infants such as proc-
essed baby food; and
(B) continuing efforts to rebuild from the
earthquake in Armenia.
(2) Democracy and rule of law
Establishing a democratic and free society
by fostering—
(A) political, social, and economic plu-
ralism;
(B) respect for internationally recognized
human rights and the rule of law;
(C) the development of institutions of
democratic governance, including electoral
and legislative processes;
(D) the institution and improvement of
public administration at the national, inter-
governmental, regional, and local level;
(E) development and support of grass-roots
and nongovernmental organizations pro-
moting democracy, the rule of law, trans-
parency, and accountability in the political
process, including grants in small amounts
to such organizations;
(F) international exchanges and other
forms of public diplomacy to promote great-
er understanding on how democracy, the
public policy process, market institutions,
and an independent judiciary function in
Western societies;
(G) political parties and coalitions com-
mitted to promoting democracy, human
rights, an
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2295
Stored review status: historical_2024_not_currentness_verified. The source passage cites 22 U.S.C. § 2295. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 1714
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 5841
Statutory Notes and Related Subsidiaries
TRANSFER OF FUNCTIONS
For transfer of functions, personnel, assets, and li-
abilities of the Overseas Private Investment Corpora-
tion to the United States International Development
Finance Corporation and treatment of related ref-
erences, see sections 9683 and 9686(d) of this title.
SUBCHAPTER III—THE DEMOCRACY CORPS
§ 5841. Authorization for establishment of De-
mocracy Corps
(a) Establishment; purpose
The President is authorized to provide for the
establishment of the Democracy Corps as a pri-
vate nonprofit organization, incorporated in the
District of Columbia, whose purpose shall be to
maintain a presence in the independent states of
the former Soviet Union as described in sub-
section (c).
(b) Board of Directors
The Board of Directors of the Democracy
Corps shall have not more than 10 members, ap-
pointed by the President. Individuals appointed
to the Board—
(1) shall, individually or through the organi-
zations they represent, have experience and
expertise appropriate to carrying out the pur-
pose of the Democracy Corps, including in-
volvement either with activities of the type
described in subsection (d) or in the inde-
pendent states;
(2) shall be United States citizens; and
(3) may not be officers or employees of the
United States Government or Members of Con-
gress.
(c) Grants to Democracy Corps; purpose
The Administrator is authorized to make an
annual grant to the Democracy Corps with the
funds made available pursuant to this section.
The purpose of such grants shall be to enable the
Democracy Corps to maintain a presence in
independent states of the former Soviet Union
that will assist at the local level in the develop-
ment of
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 5841
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.