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22 U.S.C. § 9651 — Coordination with other development agencies

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9651 — Coordination with other development agencies

It is the sense of Congress that the Corporation should use relevant data of the Department of State, the Millennium Challenge Corporation, the United States Agency for International Development, and other departments and agencies that have development functions to better inform the decisions of the Corporation with respect to providing support under subchapter II of this chapter.

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Stable record: federal_law:legal_authorities:record_usc_8428c70f13692e16f7e67f6b
Source file: Laws/federal/codes/united-states-code/title-22/section-9651-coordination-with-other-development-agencies--ebb9eb4425.md
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Source location: Title 22, Chapter 103, § 9651; chapter-103-better-utilization-of-investments-leading-to-development.md

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It is the sense of Congress that the Corporation should use relevant data of the Department of State, the Millennium Challenge Corporation, the United States Agency for International Development, and other departments and agencies that have development functions to better inform the decisions of the Corporation with respect to providing support under subchapter II of this chapter.

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9614 — Management of Corporation

**(a) Structure of Corporation** There shall be in the Corporation a Board of Directors (in this chapter referred to as the “Board”), a Chief Executive Officer, a Deputy Chief Executive Officer, a Chief Risk Officer, a Chief Development Officer, a Chief Strategic Officer, and such other officers as the Board may determine. **(b) Board of Directors** (1) **Duties** — All powers of the Corporation shall vest in and be exercised by or under the authority of the Board. The Board— (A) shall perform the functions specified to be carried out by the Board in this chapter; (B) may prescribe, amend, and repeal bylaws, rules, regulations, policies, and procedures governing the manner in which the business of the Corporation may be conducted and in which the powers granted to the Corporation by law may be exercised; and (C) shall develop, in consultation with stakeholders, other interested parties, and the appropriate congressional committees, a publicly available policy with respect to consultations, hearings, and other forms of engagement in order to provide for meaningful public participation in the Board’s activities. (2) **Membership of Board** (A) *In general* — The Board shall consist of— (i) the Chief Executive Officer of the Corporation; (ii) the officers specified in subparagraph (B); and (iii) four other individuals who shall be appointed by the President, by and with the advice and consent of the Senate, of which— (I) one individual should be appointed from among a list of at least 3 individuals submitted by the majority leader of the Senate after consultation with the chairman of the Committee on Foreign Relations of the Senate; (II) one individual should be appointed from among a list of at least 3 individuals submitted by t

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9654 — Annual report

**(a) In general** After the end of each fiscal year, the Corporation shall submit to the appropriate congressional committees a complete and detailed report of its operations during that fiscal year, including an assessment of— (1) the economic and social development impact, including with respect to matters described in subsections (d), (e), and (f) of [section 9651 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9651&num=0&edition=prelim), of projects supported by the Corporation under subchapter II of this chapter; (2) the extent to which the operations of the Corporation complement or are compatible with the development assistance programs of the United States and qualifying sovereign entities; (3) the Corporation’s institutional linkages with other relevant United States Government department 11 So in original. Probably should be “departments”. and agencies, including efforts to strengthen such linkages; (4) the compliance of projects supported by the Corporation under subchapter II of this chapter with human rights, environmental, labor, and social policies, or other such related policies that govern the Corporation’s support for projects, promulgated or otherwise administered by the Corporation; (5) the United States strategic, foreign policy, and development objectives advanced through projects supported by the Corporation; and (6) the health of the Corporation’s portfolio, including an annual overview of funds committed, funds disbursed, default and recovery rates, capital mobilized, equity investments’ year on year returns, and any difference between how investments were modeled at commitment and how they ultimately performed, to include a narrative explanation explaining any changes. **(b) Elements** Each ann

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 9651 — Establishment of risk and audit commit-

Page 2282 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 9635 eign Assistance Act of 1961 (22 U.S.C. 2151 et seq.) may be transferred to the Corporation and funds authorized to be appropriated to the Cor- poration may be transferred to the Department of State and the United States Agency for Inter- national Development. (k) Definition In this section, the term ‘‘project-specific transaction costs’’— (1) means those costs incurred by the Cor- poration for travel, legal expenses, and direct and indirect costs incurred in claims settle- ments associated with the provision of support under subchapter II of this chapter and shall not be considered administrative expenses for the purposes of this section; and (2) does not include information technology (as such term is defined in section 11101 of title 40). (Pub. L. 115–254, div. F, title III, § 1434, Oct. 5, 2018, 132 Stat. 3501.) Editorial Notes REFERENCES IN TEXT Subchapter VI of this chapter, referred to in subsec. (i), was in the original ‘‘title VI’’, meaning title VI (§§ 1461–1470) of div. F of Pub. L. 115–254, Oct. 5, 2018, 132 Stat. 3510, which is classified principally to subchapter VI of this chapter and which repealed title IV of chap- ter 2 of part I of the Foreign Assistance Act of 1961 (22 U.S.C. 2191 et seq.), other than subsections (g), (l), (m), and (n) of section 237 thereof (22 U.S.C. 2197(g), (l), (m), (n)), among other amendments. For complete classi- fication of title VI to the Code, see Tables. This chapter, referred to in subsec. (j), 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 un

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