22 U.S.C. § 7712 — Annual report

Page 2006 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 7712 (B) the amount of funds transferred or al- located to such agency; and (C) a description of the program or project to be carried out by such agency with such funds. (b) Dissemination The Board, acting through the Chief Executive Officer, shall make the information required to be disclosed under subsection (a) available to the public— (1) by publishing it on the website of the Corporation; (2) by providing notice of the availability of such information in the Federal Register; and (3) by any other methods that the Board de- termines to be appropriate. (Pub. L. 108–199, div. D, title VI, § 612, Jan. 23, 2004, 118 Stat. 221; Pub. L. 115–167, title II, § 206, Apr. 23, 2018, 132 Stat. 1282.) Editorial Notes AMENDMENTS 2018—Subsec. (a). Pub. L. 115–167, § 206(a), in heading, inserted ‘‘timely’’ before ‘‘disclosure’’, and in introduc- tory provisions, substituted ‘‘Not later than 90 days after the last day of each fiscal quarter, the Corpora- tion’’ for ‘‘The Corporation’’ and struck out ‘‘on at least a quarterly basis,’’ after ‘‘public’’. Subsec. (b). Pub. L. 115–167, § 206(b), amended subsec. (b) generally. Prior to amendment, text read as follows: ‘‘The information required to be disclosed under sub- section (a) shall be made available to the public by means of publication in the Federal Register and on the Internet website of the Corporation, as well as by any other methods that the Board determines appropriate.’’ § 7712. Annual report (a) Report Not later than the third Friday of December of each year, the Chief Executive Officer shall sub- mit a report to Congress describing the assist- ance provided pursuant to section 7704 of this title during the most recently concluded fiscal year. (b) Contents The report shall include the following: (1) The amount of obligations and expendi- tures for assistance provided to each eligible country during the prior fiscal year. (2) For each eligible country, an assessment of— (A) the progress made during each year by the country toward achieving the objectives set out in any Compact entered into by the country; and (B) the extent to which assistance pro- vided under section 7704 of this title has been effective in helping the country to achieve such objectives. (3) A description of the coordination of as- sistance provided under section 7704 of this title with other United States foreign assist- ance and related trade policies. (4) A description of the coordination of as- sistance provided under section 7704 of this title with assistance provided by other donor countries. (5) Any other information the President con- siders relevant with respect to assistance pro- vided under section 7704 of this title. (Pub. L. 108–199, div. D, title VI, § 613, Jan. 23, 2004, 118 Stat. 221; Pub. L. 115–167, title II, § 204(b), Apr. 23, 2018, 132 Stat. 1280; Pub. L. 118–159, div. E, title LI, § 5122(e), Dec. 23, 2024, 138 Stat. 2431.) Editorial Notes AMENDMENTS 2024—Subsec. (a). Pub. L. 118–159 amended subsec. (a) generally. Prior to amendment, text read as follows: ‘‘Not later than March 31, 2005, and each March 31 thereafter, the President shall submit to Congress a re- port on the assistance provided under section 7704 of this title during the prior fiscal year.’’ 2018—Subsec. (b)(2)(A). Pub. L. 115–167 substituted ‘‘any Compact’’ for ‘‘the Compact’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2018 AMENDMENT Amendment by Pub. L. 115–167 applicable to Com- pacts entered into between the United States and an el- igible country under this chapter before, on, or after Apr. 23, 2018, see section 204(c) of Pub. L. 115–167, set out as a note under section 7708 of this title. Executive Documents ASSIGNMENT OF FUNCTION TO SUBMIT A REPORT RELAT- ING TO MILLENNIUM CHALLENGE CORPORATION ACTIVI- TIES Memorandum of President of the United States, Mar. 31, 2005, 70 F.R. 17195, provided: Memorandum for the Secretary of State Consistent with section 301 of title 3, United States Code, the function of the President under section 613 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2004 (Division D of Pub- lic Law 108–199) [22 U.S.C. 7712] is assigned to the Sec- retary of State. The Secretary of State shall perform such function in a manner consistent with the President’s constitu- tional authority to withhold information the disclosure of which could impair foreign relations, national secu- rity, the deliberative processes of the Executive, or the performance of the Executive’s constitutional duties. Heads of departments and agencies shall, to the extent permitted by law, furnish to the Secretary information the Secretary requests to perform such function, in the format and on the schedule specified by the Secretary. Any reference in this memorandum to the provision of any Act shall be deemed to include references to any hereafter-enacted provision of law that is the same or substantially the same as such provision. You are authorized and directed to publish this memorandum in the Federal Register. GEORGE W. BUSH. § 7713. Powers of the Corporation; related provi- sions (a) Powers The Corporation— (1) shall have perpetual succession unless dissolved by a law enacted after January 23, 2004; (2) may adopt, alter, and use a seal, which shall be judicially noticed; (3) may make and perform such contracts, grants, and other agreements with any person or government however designated and wher- ever situated, as may be necessary for car- rying out the functions of the Corporation; (4) may determine and prescribe the manner in which its obligations shall be incurred and