Browse Arkansas Code titles and sections
22 U.S.C. § 9621 — Independent accountability mechanism
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Board shall establish a transparent and independent accountability mechanism.
**(b) Functions** The independent accountability mechanism established pursuant to subsection (a) shall—
(1) annually evaluate and report to the Board and Congress regarding compliance with environmental, social, labor, human rights, and transparency standards, consistent with Corporation statutory mandates;
(2) provide a forum for resolving concerns regarding the impacts of specific Corporation-supported projects with respect to such standards; and
(3) provide advice regarding Corporation projects, policies, and practices.
**(c) Consolidation of functions** Not later than 90 days after December 18, 2025, the Board shall submit a report to the appropriate congressional committees describing any efficiencies that may be gained through the consolidation of functions of the independent accountability mechanism under the authorities of the Office of the Inspector General of the Corporation under section 1414. 11 See References in Text note below. The report shall include an outline as to how the Inspector General of the Corporation would develop an internal environmental, social, and governance expertise to adequately replace the independent accountability mechanism’s environmental, social, and governance expertise.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9621
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: b9b8c2617b8d4522aec6cba0fa819945a7eded7a70ee38f655777234b007d155. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_e822a93553a478be4c025d63
Source file: Laws/federal/codes/united-states-code/title-22/section-9621-independent-accountability-mechanism--f74e0eee1a.md
Pages: Not recorded – Not recorded
Passage SHA-256: cace18bf98849be4bd5dbb0f198eef7b4735e4d11a882c6c4a77a39ad239677b
Source location: Title 22, Chapter 103, § 9621; chapter-103-better-utilization-of-investments-leading-to-development.md
Stored source content
**(a) In general** The Board shall establish a transparent and independent accountability mechanism.
**(b) Functions** The independent accountability mechanism established pursuant to subsection (a) shall—
(1) annually evaluate and report to the Board and Congress regarding compliance with environmental, social, labor, human rights, and transparency standards, consistent with Corporation statutory mandates;
(2) provide a forum for resolving concerns regarding the impacts of specific Corporation-supported projects with respect to such standards; and
(3) provide advice regarding Corporation projects, policies, and practices.
**(c) Consolidation of functions** Not later than 90 days after December 18, 2025, the Board shall submit a report to the appropriate congressional committees describing any efficiencies that may be gained through the consolidation of functions of the independent accountability mechanism under the authorities of the Office of the Inspector General of the Corporation under section 1414. 11 See References in Text note below. The report shall include an outline as to how the Inspector General of the Corporation would develop an internal environmental, social, and governance expertise to adequately replace the independent accountability mechanism’s environmental, social, and governance expertise.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** Beginning on the date that is one year after Dec. 27, 2020, the Administrator of the United States Agency for International Development is authorized to establish a program to provide funding for projects to help build the foundation for peaceful co-existence between Israelis and Palestinians and for a sustainable two-state solution. The program established under this subsection shall be known as the “People-to-People Partnership for Peace Fund” (referred to in this section as the “Fund”).
**(b) Eligibility for support** In providing funding for projects through the Fund, the Administrator may provide support for qualified organizations, prioritizing those organizations that seek to build better cooperation between Israelis and Palestinians, including Palestinian organizations, Israeli organizations, and international organizations that bring Israelis and Palestinians together.
**(c) Additional eligibility for support** In providing funding for projects through the Fund, the Administrator may additionally provide support to qualified organizations that further shared community building, peaceful co-existence, dialogue, and reconciliation between Arab and Jewish citizens of Israel.
**(d) Contributions** The Administrator—
(1) is encouraged to work with foreign governments and international organizations to leverage the impact of United States resources and achieve the objectives of this section; and
(2) is authorized to accept contributions for the purposes of the Fund, consistent with subsection (d) of [section 2395 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2395&num=0&edition=prelim).
**(e) Advisory board**
(1) **Establishment** — The Administrator shall establish an advisory board to make rec
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2346d
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Payments for defaults on guaranteed loans**
(1) **In general** — If the Corporation determines that the holder of a loan guaranteed by the Corporation suffers a loss as a result of a default by a borrower on the loan, the Corporation shall pay to the holder the percent of the loss, as specified in the guaranty contract, after the holder of the loan has made such further collection efforts and instituted such enforcement proceedings as the Corporation may require.
(2) **Subrogation** — Upon making a payment described in paragraph (1), the Corporation shall ensure the Corporation will be subrogated to all the rights of the recipient of the payment.
(3) **Recovery efforts** — The Corporation shall pursue recovery from the borrower of the amount of any payment made under paragraph (1) with respect to the loan.
**(b) Limitation on payments**
(1) **In general** — Except as provided by paragraph (2), compensation for insurance, reinsurance, or a guaranty issued under this subchapter shall not exceed the dollar value of the tangible or intangible contributions or commitments made in the project, plus interest, earnings, or profits actually accrued on such contributions or commitments, to the extent provided by such insurance, reinsurance, or guaranty.
(2) **Exception**
(A) *In general* — The Corporation may provide that—
(i) appropriate adjustments in the insured dollar value be made to reflect the replacement cost of project assets; and
(ii) compensation for a claim of loss under insurance of an equity investment under [section 9621 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9621&num=0&edition=prelim) may be computed on the basis of the net book value attributable to the equity investment on the date of l
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9624
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Corporate Capital Account** There is established in the Treasury of the United States a fund to be known as the “Corporate Capital Account” to carry out the purposes 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 subsection (e);
(3) investments and returns on such investments 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a&num=0&edition=prelim), of loans and loan guaranties.
**(c) Fee authority** Fees may be charged and collected for providing 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a&num=0&edition=prelim), of loans and loan guaranties;
(B) administrative expenses of the Corporation;
(C) for the cost of providing support authorized by subsections (c), (e), (f), and (g) of [section 9621 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9621&num=0&edition=prelim); 11 So in original. Probably should be followed by “and”.
(D) project-specific transaction costs.
(2) **Income and revenue** — In order to carry out the purposes of the Corpo
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9635
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 2275
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 9621
1 See References in Text note below.
1 So in original. The word ‘‘of’’ probably should not appear.
ble law for Federal officers and employees
not described in this paragraph.
(i) Development Advisory Council
(1) In general
There is established a Development Advisory
Council (in this subsection referred to as the
‘‘Council’’) to advise the Board on develop-
ment objectives of the Corporation.
(2) Membership
Members of the Council shall be appointed
by the Board, on the recommendation of the
Chief Executive Officer and the Chief Develop-
ment Officer, and shall be composed of not
more than 9 members broadly representative
of
nongovernmental
organizations,
think
tanks, advocacy organizations, foundations,
and other institutions engaged in inter-
national development.
(3) Functions
The Board shall call upon members of the
Council, either collectively or individually, to
advise the Board regarding the extent to
which the Corporation is meeting its develop-
ment mandate and any suggestions for im-
provements in with respect to meeting that
mandate, including opportunities in countries
and project development and implementation
challenges and opportunities.
(4) Federal Advisory Committee Act
The Council shall not be subject to the Fed-
eral Advisory Committee Act (5 U.S.C. App.).1
(Pub. L. 115–254, div. F, title I, § 1413, Oct. 5, 2018,
132 Stat. 3487.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsecs. (a), (b)(1)(A), and
(c)(1), (3)(A), was in the original ‘‘this division’’, mean-
ing 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 T
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 9621
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.