22 U.S.C. § 7710 — Suspension and termination of assistance

Page 2005 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 7711 port describing the projected economic jus- tification for the Compact, including, as appli- cable— (A) the expected economic rate of return of the Compact; (B) a cost-benefit analysis of the Compact; (C) a description of the impact on bene- ficiary populations; (D) the likelihood that the investment will catalyze private sector investments; and (E) any other applicable economic factors that justify each project to be funded under such a Compact to the extent practicable and appropriate. (4) Risk management plan Not later than 60 days before signing each concurrent Compact, as authorized under sec- tion 7708 of this title, the Board, acting through the Chief Executive Officer, shall con- sult with and provide to the appropriate con- gressional committees— (A) an assessment and, as appropriate, the identification of potential measures to miti- gate risks, of— (i) the countries’ commitment to re- gional integration and cross-border co- operation and capacity to carry out com- mitments; (ii) political and policy risks, including risks that could affect country eligibility; (iii) risks associated with realizing eco- nomic returns; (iv) time and completion risks; and (v) cost and financial risks; and (B) an assessment of measures to be taken to mitigate any identified risks, including— (i) securing other potential donors to fi- nance projects or parts of projects as need- ed; and (ii) partnering with regional organiza- tions to support and oversee effective cross-border cooperation. (b) Congressional and public notification after entering into a Compact Not later than 10 days after entering into a Compact with an eligible country, the Board, acting through the Chief Executive Officer, shall— (1) publish the text of the Compact on the website of the Corporation; (2) provide the appropriate congressional committees with a detailed summary of the Compact and, upon request, the text of the Compact; and (3) publish in the Federal Register a detailed summary of the Compact and a notice of avail- ability of the text of the Compact on the website of the Corporation. (Pub. L. 108–199, div. D, title VI, § 610, Jan. 23, 2004, 118 Stat. 220; Pub. L. 115–167, title II, § 205, Apr. 23, 2018, 132 Stat. 1281.) Editorial Notes AMENDMENTS 2018—Pub. L. 115–167 amended section generally. Prior to amendment, section related to Congressional and public notification of Compact. § 7710. Suspension and termination of assistance (a) Suspension and termination of assistance After consultation with the Board, the Chief Executive Officer may suspend or terminate as- sistance in whole or in part for a country or en- tity under section 7704 of this title if the Chief Executive Officer determines that— (1) the country or entity is engaged in ac- tivities which are contrary to the national se- curity interests of the United States; (2) the country or entity has engaged in a pattern of actions inconsistent with the cri- teria used to determine the eligibility of the country or entity, as the case may be; or (3) the country or entity has failed to adhere to its responsibilities under the Compact. (b) Reinstatement The Chief Executive Officer may reinstate as- sistance for a country or entity under section 7704 of this title only if the Chief Executive Offi- cer determines that the country or entity has demonstrated a commitment to correcting each condition for which assistance was suspended or terminated under subsection (a). (c) Congressional notification Not later than 3 days after the date on which the Chief Executive Officer suspends or termi- nates assistance under subsection (a) for a coun- try or entity, or reinstates assistance under sub- section (b) for a country or entity, the Chief Ex- ecutive Officer shall submit to the appropriate congressional committees a report that contains the determination of the Chief Executive Officer under subsection (a) or subsection (b), as the case may be. (d) Rule of construction The authority to suspend or terminate assist- ance under this section includes the authority to suspend or terminate obligations and sub-ob- ligations. (Pub. L. 108–199, div. D, title VI, § 611, Jan. 23, 2004, 118 Stat. 220.) § 7711. Disclosure (a) Requirement for timely disclosure Not later than 90 days after the last day of each fiscal quarter, the Corporation shall make available to the public the following informa- tion: (1) For assistance provided under section 7704 of this title— (A) the name of each entity to which as- sistance is provided; (B) the amount of assistance provided to the entity; and (C) a description of the program or project, including— (i) a description of whether the program or project was solicited or unsolicited; and (ii) a detailed description of the objec- tives and measures for results of the pro- gram or project. (2) For funds allocated or transferred under section 7718(b) of this title— (A) the name of each United States Gov- ernment agency to which such funds are transferred or allocated;