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22 U.S.C. § 3304 — Overseas Private Investment Corporation
Federal law — U.S. Code and appendices · legal_authorities
**(a) Removal of per capita income restriction on Corporation activities with respect to investment projects on Taiwan** During the three-year period beginning on April 10, 1979, the $1,000 per capita income restriction in clause (2) of the second undesignated paragraph of section 2191 11 See References in Text note below. of this title shall not restrict the activities of the Overseas Private Investment Corporation in determining whether to provide any insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan.
**(b) Application by Corporation of other criteria** Except as provided in subsection (a) of this section, in issuing insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan, the Overseas Private Insurance 22 So in original. Probably should be “Investment”. Corporation shall apply the same criteria as those applicable in other parts of the world.
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Source file: Laws/federal/codes/united-states-code/title-22/section-3304-overseas-private-investment-corporation--7521104c94.md
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Source location: Title 22, Chapter 48, § 3304; chapter-048-taiwan-relations.md
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**(a) Removal of per capita income restriction on Corporation activities with respect to investment projects on Taiwan** During the three-year period beginning on April 10, 1979, the $1,000 per capita income restriction in clause (2) of the second undesignated paragraph of section 2191 11 See References in Text note below. of this title shall not restrict the activities of the Overseas Private Investment Corporation in determining whether to provide any insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan.
**(b) Application by Corporation of other criteria** Except as provided in subsection (a) of this section, in issuing insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan, the Overseas Private Insurance 22 So in original. Probably should be “Investment”. Corporation shall apply the same criteria as those applicable in other parts of the world.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Findings** The President having terminated governmental relations between the United States and the governing authorities on Taiwan recognized by the United States as the Republic of China prior to January 1, 1979, the Congress finds that the enactment of this chapter is necessary—
(1) to help maintain peace, security, and stability in the Western Pacific; and
(2) to promote the foreign policy of the United States by authorizing the continuation of commercial, cultural, and other relations between the people of the United States and the people on Taiwan.
**(b) Policy** It is the policy of the United States—
(1) to preserve and promote extensive, close, and friendly commercial, cultural, and other relations between the people of the United States and the people on Taiwan, as well as the people on the China mainland and all other peoples of the Western Pacific area;
(2) to declare that peace and stability in the area are in the political, security, and economic interests of the United States, and are matters of international concern;
(3) to make clear that the United States decision to establish diplomatic relations with the People’s Republic of China rests upon the expectation that the future of Taiwan will be determined by peaceful means;
(4) to consider any effort to determine the future of Taiwan by other than peaceful means, including by boycotts or embargoes, a threat to the peace and security of the Western Pacific area and of grave concern to the United States;
(5) to provide Taiwan with arms of a defensive character; and
(6) to maintain the capacity of the United States to resist any resort to force or other forms of coercion that would jeopardize the security, or the social or economic system, of the people on Taiwan.
**(c) Human rights** Nothing
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Federal law — U.S. Code and appendices · legal_authorities
Page 1334
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 3304
1 See References in Text note below.
2 So in original. Probably should be ‘‘Investment’’.
(Pub. L. 96–8, § 4, Apr. 10, 1979, 93 Stat. 15.)
Editorial Notes
REFERENCES IN TEXT
The Atomic Energy Act of 1954, referred to in subsec.
(b)(5), is act Aug. 1, 1946, ch. 724, as added by act Aug.
30, 1954, ch. 1073, § 1, 68 Stat. 919, which is classified
principally to chapter 23 (§ 2011 et seq.) of Title 42, The
Public Health and Welfare. For complete classification
of this Act to the Code, see Short Title note set out
under section 2011 of Title 42 and Tables.
The Nuclear Non-Proliferation Act of 1978, referred to
in subsec. (b)(5), is Pub. L. 95–242, Mar. 10, 1978, 92 Stat.
120, which is classified principally to chapter 47 (§ 3201
et seq.) of this title. For complete classification of this
Act to the Code, see Short Title note set out under sec-
tion 3201 of this title and Tables.
The Immigration and Nationality Act, referred to in
subsec. (b)(6), is act June 27, 1952, ch. 477, 66 Stat. 163,
which is classified principally to chapter 12 (§ 1101 et
seq.) of Title 8, Aliens and Nationality. For complete
classification of this Act to the Code, see Short Title
note set out under section 1101 of Title 8 and Tables.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective as of January 1, 1979, see section 18
of Pub. L. 96–8, set out as a note under section 3301 of
this title.
CONCERNING THE PARTICIPATION OF TAIWAN IN THE
INTERNATIONAL CIVIL AVIATION ORGANIZATION
Pub. L. 113–17, § 1, July 12, 2013, 127 Stat. 480, directed
the Secretary of State to develop a strategy to obtain
observer status for Taiwan at the triennial Inter-
national Civil Aviation Organization (ICAO) Assembly
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