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22 U.S.C. § 9684 — Transfer of functions
Federal law — U.S. Code and appendices · legal_authorities
**(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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Source location: Title 22, Chapter 103, § 9684; chapter-103-better-utilization-of-investments-leading-to-development.md
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**(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 reorganization plan** — The President shall include in the reorganization plan submitted under [section 9682 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9682&num=0&edition=prelim) a description of the transfer authorized under paragraph (1).
**(d) Bilateral agreements** Any bilateral agreement of the United States in effect on October 5, 2018, that serves as the basis for programs of the Overseas Private Investment Corporation and the Development Credit Authority shall be considered as satisfying the requirements of [section 9631(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9631/a&num=0&edition=prelim).
**(e) Transition** During the transition period, the agencies specified in subsection (a) shall—
(1) continue to administer the assets and obligations of those agencies; and
(2) carry out such programs and activities authorized under this chapter as may be determined by the President.
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Federal law — U.S. Code and appendices · legal_authorities
In this subchapter:
(1) **Agency** — The term “agency” includes any entity, organizational unit, program, or function.
(2) **Transition period** — The term “transition period” means the period—
(A) beginning on October 5, 2018; and
(B) ending on the effective date of the reorganization plan required by [section 9682(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9682/e&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9682
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
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Federal law — U.S. Code and appendices · legal_authorities
With respect to any function transferred under this subchapter (including under a reorganization plan under [section 9682 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9682&num=0&edition=prelim)) and exercised on or after October 5, 2018, reference in any other Federal law to any department, commission, or agency or any officer or office the functions of which are so transferred shall be deemed to refer to the Corporation or official or component of the Corporation to which that function is so transferred.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 9601
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 2191, Pub. L. 87–195, pt. I, § 231, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 809; amended Pub. L. 93–390, § 2(1), Aug. 27, 1974, 88 Stat. 763; Pub. L. 95–268, § 2, Apr. 24, 1978, 92 Stat. 213; Pub. L. 97–65, § 2, Oct. 16, 1981, 95 Stat. 1021; Pub. L. 99–204, §§ 3, 4(a), Dec. 23, 1985, 99 Stat. 1669; Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36; Pub. L. 102–549, title I, § 101, Oct. 28, 1992, 106 Stat. 3651; Pub. L. 103–392, title I, § 105, Oct. 22, 1994, 108 Stat. 4099, related to congressional statement of purpose and the creation and functions of Overseas Private Investment Corporation.
Section 2191a, Pub. L. 87–195, pt. I, § 231A, as added Pub. L. 99–204, § 5(a), Dec. 23, 1985, 99 Stat. 1670; amended Pub. L. 100–418, title II, § 2203(c), Aug. 23, 1988, 102 Stat. 1328; Pub. L. 102–549, title I, § 102(a), Oct. 28, 1992, 106 Stat. 3651; Pub. L. 104–188, title I, § 1954(b)(3), Aug. 20, 1996, 110 Stat. 1928; Pub. L. 106–158, § 3(a), Dec. 9, 1999, 113 Stat. 1745, related to additional requirements.
Section 2191b, Pub. L. 111–117, div. F, title VII, § 7079(b), Dec. 16, 2009, 123 Stat. 3396, related to worker rights and human rights guidelines.
Section 2192, Pub. L. 87–195, pt. I, § 232, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 810, related to capital of the Corporation.
Section 2193, Pub. L. 87–195, pt. I, § 233, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 810; amended Pub. L. 97–65, § 3(a), (b), Oct. 16, 1981, 95 Stat. 1021, 1022; Pub. L. 106–158, § 4, Dec. 9, 1999, 113 Stat. 1746; Pub. L. 106–200, title I, § 123(c)(1), May 18, 2000, 114 Stat. 269; Pub. L. 108–158, § 3(e), Dec. 3, 2003, 117 Stat. 1950, related to organization and management of the Corporation
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2191 to 2194
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Federal law — U.S. Code and appendices · legal_authorities
### 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).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2194a
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 2194b, Pub. L. 87–195, pt. I, § 234A, as added Pub. L. 99–204, § 9(a), Dec. 23, 1985, 99 Stat. 1672; amended Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36; Pub. L. 117–286, § 4(a)(166), Dec. 27, 2022, 136 Stat. 4324, related to enhancing private political risk insurance industry.
Section 2195, Pub. L. 87–195, pt. I, § 235, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 813; amended Pub. L. 93–189, § 6(1), Dec. 17, 1973, 87 Stat. 717; Pub. L. 93–390, § 2(3), Aug. 27, 1974, 88 Stat. 766; Pub. L. 95–268, § 4, Apr. 24, 1978, 92 Stat. 214; Pub. L. 97–65, § 5(a), (b)(1), (c), Oct. 16, 1981, 95 Stat. 1022, 1023; Pub. L. 99–204, §§ 9(b)(1), 10, 17(b), Dec. 23, 1985, 99 Stat. 1673, 1676; Pub. L. 100–418, title II, § 2203(b), Aug. 23, 1988, 102 Stat. 1328; Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36; Pub. L. 102–549, title I, § 104, Oct. 28, 1992, 106 Stat. 3652; Pub. L. 103–392, title I, §§ 101–104, Oct. 22, 1994, 108 Stat. 4098; Pub. L. 104–208, div. A, title I, § 101(c) [title I], Sept. 30, 1996, 110 Stat. 3009–121, 3009–123; Pub. L. 105–118, title V, § 581, Nov. 26, 1997, 111 Stat. 2435; Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 599E], Nov. 29, 1999, 113 Stat. 1535, 1501A–132; Pub. L. 106–158, § 2, Dec. 9, 1999, 113 Stat. 1745; Pub. L. 108–158, §§ 2, 3(a)–(d), Dec. 3, 2003, 117 Stat. 1949, related to issuing authority, direct investment authority and reserves.
Section 2196, Pub. L. 87–195, pt. I, § 236, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 814, related to income and revenues.
#### Effective Date of Repeal
Repeal effective at the end of the transition period, as defined in [section 9681 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-pr
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2194b to 2196
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Federal law — U.S. Code and appendices · legal_authorities
**(a) to (f). Repealed. Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513**
**(g) Fraud or misrepresentation** No payment may be made under any guaranty, insurance, or reinsurance issued pursuant to this subpart for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible.
**(h) to (k) Repealed. Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513**
**(l) Convictions under Foreign Corrupt Practices Act of 1977; prohibition on payments for losses resulting from unlawful activities; suspension from eligibility of receipt of financial support**
(1) No payment may be made under any insurance or reinsurance which is issued under this subpart on or after April 24, 1978, for any loss occurring with respect to a project, if the preponderant cause of such loss was an act by the investor seeking payment under this subpart, by a person possessing majority ownership and control of the investor at the time of the act, or by any agent of such investor or controlling person, and a court of the United States has entered a final judgment that such act constituted a violation under the Foreign Corrupt Practices Act of 1977.
(2) Not later than 120 days after April 24, 1978, the Corporation shall adopt regulations setting forth appropriate conditions under which any person convicted under the Foreign Corrupt Practices Act of 1977 for an offense related to a project insured or otherwise supported by the Corporation shall be suspended, for a period of not more than five years, from eligibility to receive any insurance, reinsurance, guaranty, loan, or other financial support authorized by this subpart.
**(m) Notification of countries of environmental restrictions on certain activities**
(1) Befo
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2197
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 2198, Pub. L. 87–195, pt. I, § 238, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 815; amended Pub. L. 92–226, pt. I, § 104(a), Feb. 7, 1972, 86 Stat. 22; Pub. L. 97–65, § 7, Oct. 16, 1981, 95 Stat. 1024; Pub. L. 99–204, § 17(a), Dec. 23, 1985, 99 Stat. 1676; Pub. L. 102–549, title I, § 106, Oct. 28, 1992, 106 Stat. 3653; Pub. L. 108–158, §§ 4(b), 5(b), Dec. 3, 2003, 117 Stat. 1950, defined terms as used in this subpart.
Section 2199, Pub. L. 87–195, pt. I, § 239, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 816; amended Pub. L. 92–226, pt. I, § 104(b), Feb. 7, 1972, 86 Stat. 22; Pub. L. 92–310, title II, § 227(d), June 6, 1972, 86 Stat. 207; Pub. L. 93–390, § 2(5), Aug. 27, 1974, 88 Stat. 768; Pub. L. 95–268, §§ 7, 8, Apr. 24, 1978, 92 Stat. 215, 216; Pub. L. 95–598, title III, § 318, Nov. 6, 1978, 92 Stat. 2678; Pub. L. 96–327, Aug. 8, 1980, 94 Stat. 1026; Pub. L. 97–65, § 8, Oct. 16, 1981, 95 Stat. 1024; Pub. L. 97–113, title VII, § 705(b)(2), Dec. 29, 1981, 95 Stat. 1545; Pub. L. 99–204, §§ 4(c), 11–13, Dec. 23, 1985, 99 Stat. 1670, 1673, 1674; Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36; Pub. L. 101–167, title V, § 597(a), Nov. 21, 1989, 103 Stat. 1257; Pub. L. 101–179, title III, § 302(a), Nov. 28, 1989, 103 Stat. 1311; Pub. L. 101–513, title V, § 576(a), Nov. 5, 1990, 104 Stat. 2044; Pub. L. 102–549, title I, § 107, Oct. 28, 1992, 106 Stat. 3654; Pub. L. 105–118, title V, § 579(a), Nov. 26, 1997, 111 Stat. 2435; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814, related to general provisions and powers.
Section 2200, Pub. L. 87–195, pt. I, § 240, as added Pub. L. 95–268, § 9, Apr. 24, 1978, 92 Stat. 216; amended Pub. L. 99–204, § 9(b)(3), Dec. 23, 1985, 99 Stat. 1673; Pub. L
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2198 to 2200b
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Federal law — U.S. Code and appendices · legal_authorities
Page 532
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2151
Sec.
2394a.
Extortion and illegal payments to offi-
cials of foreign countries receiving
international security assistance.
2394b.
HELP Commission.
2394c.
Information on covered United States
foreign assistance programs.
2395.
General authorities.
2395a.
International
agreements
concerning
debt relief; transmittal to congres-
sional committees.
2396.
Availability of funds.
2396a.
Property Management Fund.
2396b.
USAID Buying Power Maintenance Ac-
count.
2397.
Administrative expenses.
2398.
Assistance to countries pursuant to
other statutes.
2399 to 2399a. Repealed or Transferred.
2399b.
False claims and ineligible commodities.
2399c.
Coordination of policies and programs.
2399d.
Shipping differential.
PART III—MISCELLANEOUS PROVISIONS
2401.
Effective date; identification of pro-
grams.
2402.
Saving provisions.
2403.
Definitions.
2404.
Unexpended balances.
2405.
Separability.
2406.
Development programs for dependable
fuel supplies.
2407.
Special authorization for use of foreign
currencies.
2408.
Repealed.
2409.
Use of United States Armed Forces.
2410, 2410a.
Repealed.
2411.
Limitation upon exercise of special au-
thorities.
2412.
Limitation on foreign assistance appro-
priations.
2413.
Changes in allocation of foreign assist-
ance.
2414.
Presidential findings and determina-
tions.
2414a.
Annual report to Congress on voting
practices at United Nations.
2415.
Annual military assistance report.
2416.
Annual foreign military training report.
2417 to 2419.
Repealed.
2420.
Police training prohibition.
2421.
Trade and Development Agency.
2421a.
Capital projects office within Agency for
International Development.
2421b.
Capital projects for
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2151
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Federal law — U.S. Code and appendices · legal_authorities
Page 2288
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 9683
§ 9683. 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 Cor-
poration, as in existence on the day before Oc-
tober 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-De-
velopment Credit Authority guaranty pro-
grams authorized by the Foreign Assistance
Act of 1961 (22 U.S.C. 2151 et seq.) or other
predecessor Acts, as in existence on October
5, 2018, other than any sovereign loan guar-
anties.
(b) Additional transfer authority
Effective at the end of the transition period,
there is authorized to be transferred to the Cor-
poration, with the concurrence of the Adminis-
trator of the United States Agency for Inter-
national 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 Micro-
enterprise.
(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 depart-
ment or agency of the United States Govern-
ment 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 i
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 9684
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.