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22 U.S.C. § 9634 — Maximum contingent liability

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

22 U.S.C. § 9634 — Maximum contingent liability

**(a) In general** The maximum contingent liability of the Corporation outstanding at any one time shall not exceed in the aggregate $205,000,000,000. **(b) Rule of construction** The maximum contingent liability shall apply to all extension of liability by the Corporation regardless of the authority cited thereto.

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Source file: Laws/federal/codes/united-states-code/title-22/section-9634-maximum-contingent-liability--1d864c7119.md
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Source location: Title 22, Chapter 103, § 9634; chapter-103-better-utilization-of-investments-leading-to-development.md

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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. § 9634 — Corporate funds

Page 2281 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 9634 1 So in original. Probably should be followed by ‘‘and’’. 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. § 9633. Maximum contingent liability The maximum contingent liability of the Cor- poration outstanding at any one time shall not exceed in the aggregate $60,000,000,000. (Pub. L. 115–254, div. F, title III, § 1433, Oct. 5, 2018, 132 Stat. 3501.) § 9634. Corporate funds (a) Corporate Capital Account There is established in the Treasury of the United States a fund to be known as the ‘‘Cor- porate Capital Account’’ to carry out the pur- poses 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 sub- section (e); (3) investments and returns on such invest- ments 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, of loans and loan guaranties. (c) Fee authority Fees may be charged and collected for pro- viding 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, of loans and loan guaranties; (B) administrative expenses of the Cor- poration; (C) for the cost of providing support au- thorized b

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