22 U.S.C. § 3304 — Overseas Private Investment Corporation

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 and other related meetings, activities, and mechanisms thereafter, to instruct the United States Mission to the ICAO to officially request observer status for Taiwan at such Assembly, meetings, activities, and mechanisms, to actively urge ICAO member states to support such observer status and participation for Taiwan, and to submit a report to Congress on the strategy developed by not later than 30 days after July 12, 2013. SEMIANNUAL REPORTS ON UNITED STATES SUPPORT FOR MEMBERSHIP OR PARTICIPATION OF TAIWAN IN INTER- NATIONAL ORGANIZATIONS Pub. L. 106–113, div. B, § 1000(a)(7) [div. A, title VII, § 704], Nov. 29, 1999, 113 Stat. 1536, 1501A–460, provided that: ‘‘(a) REPORTS REQUIRED.—Not later than 60 days after the date of enactment of this Act [Nov. 29, 1999], and every 6 months thereafter for fiscal years 2000 and 2001, the Secretary of State shall submit to Congress a re- port in a classified and unclassified manner on the sta- tus of efforts by the United States Government to sup- port— ‘‘(1) the membership of Taiwan in international or- ganizations that do not require statehood as a pre- requisite to such membership; and ‘‘(2) the appropriate level of participation by Tai- wan in international organizations that may require statehood as a prerequisite to full membership. ‘‘(b) REPORT ELEMENTS.—Each report under sub- section (a) shall— ‘‘(1) set forth a comprehensive list of the inter- national organizations in which the United States Government supports the membership or participa- tion of Taiwan; ‘‘(2) describe in detail the efforts of the United States Government to achieve the membership or participation of Taiwan in each organization listed; and ‘‘(3) identify the obstacles to the membership or participation of Taiwan in each organization listed, including a list of any governments that do not sup- port the membership or participation of Taiwan in each such organization.’’ § 3304. Overseas Private Investment Corporation (a) Removal of per capita income restriction on Corporation activities with respect to invest- ment projects on Taiwan During the three-year period beginning on April 10, 1979, the $1,000 per capita income re- striction in clause (2) of the second undesignated paragraph of section 2191 1 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 Insur- ance 2 Corporation shall apply the same criteria as those applicable in other parts of the world. (Pub. L. 96–8, § 5, Apr. 10, 1979, 93 Stat. 16.) Editorial Notes REFERENCES IN TEXT Section 2191 of this title, referred to in subsec. (a), was repealed by Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513. 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. TRANSFER OF FUNCTIONS For transfer of functions, personnel, assets, and li- abilities of the Overseas Private Investment Corpora- tion to the United States International Development Finance Corporation and treatment of related ref- erences, see sections 9683 and 9686(d) of this title. § 3305. The American Institute in Taiwan (a) Conduct of programs, transactions, or other relations with respect to Taiwan Programs, transactions, and other relations conducted or carried out by the President or any agency of the United States Government with respect to Taiwan shall, in the manner and to the extent directed by the President, be con- ducted and carried out by or through— (1) The American Institute in Taiwan, a non- profit corporation incorporated under the laws of the District of Columbia, or (2) such comparable successor nongovern- mental entity as the President may designate, (hereafter in this chapter referred to as the ‘‘In- stitute’’). (b) Agreements or transactions relative to Tai- wan entered into, performed, and enforced Whenever the President or any agency of the United States Government is authorized or re-