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22 U.S.C. § 2194a — Omitted

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

22 U.S.C. § 2194a — Omitted

### Statutory Notes #### Codification Section, Pub. L. 97–65, § 5(b)(2), Oct. 16, 1981, 95 Stat. 1023, which related to contract authority of the Overseas Private Investment Corporation, was omitted from the Code as obsolete pursuant to the termination of the Corporation by [section 9684 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9684&num=0&edition=prelim).

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Source location: Title 22, Chapter 32, § 2194a; chapter-032-foreign-assistance.md

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

22 U.S.C. § 9684 — Transfer of functions

**(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

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

22 U.S.C. § 2194a — Omitted

Page 679 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2197 Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective at the end of the transition period, as defined in section 9681 of this title, see section 9684 of this title. APPROPRIATION OF MONEYS IN ADVANCE AS REQUISITE TO PURCHASES, INVESTMENTS, OR OTHER ACQUISI- TIONS OF EQUITY BY FUND CREATED UNDER PILOT EQUITY FINANCE PROGRAM Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36, provided in part: ‘‘That purchases, investments or other acquisitions of equity by the fund created by section 104 of H.R. 5263 as hereby enacted [former 22 U.S.C. 2194(g)(5)] are limited to such amounts as may be provided in advance in appropriations Acts’’, and fur- ther provided ‘‘That purchases, investments or other acquisitions of equity by the fund created by section 104 of S. 2757 as hereby enacted [former 22 U.S.C. 2194(g)(5)] are limited to such amounts as may be pro- vided in advance in appropriations Acts’’. OVERSEAS PRIVATE INVESTMENT CORPORATION; REAFFIRMATION OF SUPPORT Pub. L. 100–418, title II, § 2203(a), Aug. 23, 1988, 102 Stat. 1328, provided that Congress reaffirmed its sup- port for the former Overseas Private Investment Cor- poration as a United States Government agency serv- ing important development assistance goals. Executive Documents EX. ORD. NO. 11579. OVERSEAS PRIVATE INVESTMENT CORPORATION Ex. Ord. No. 11579, Jan. 19, 1971, 36 F.R. 969, as amend- ed by Ex. Ord. No. 12107, Dec. 28, 1978, 44 F.R. 1055; Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, provided: By virtue of the authority vested in me by the For- eign Assistance Act of 1961 (75 Stat. 424), as amended (hereinafter the ‘‘Act’’) [section 2151 et seq. of this title] and section 301 of

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