
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC2200]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                     CHAPTER 32--FOREIGN ASSISTANCE
 
                 SUBCHAPTER I--INTERNATIONAL DEVELOPMENT
 
                         Part II--Other Programs
 
           subpart iv--overseas private investment corporation
 
Sec. 2200. Small business development in less developed friendly 
        countries or areas; encouragement by other Federal departments, 
        etc., of broadened participation by United States small business 
        cooperatives and investors; project funding
        
    The Corporation shall undertake, in cooperation with appropriate 
departments, agencies, and instrumentalities of the United States as 
well as private entities and others, to broaden the participation of 
United States small business, cooperatives, and other small United 
States investors in the development of small private enterprise in less 
developed friendly countries or areas. The Corporation shall allocate up 
to 50 per cent of its annual net income, after making suitable provision 
for transfers and additions to reserves, to assist and facilitate the 
development of projects consistent with the provisions of this section. 
Such funds may be expended, notwithstanding the requirements of section 
2191(a) of this title, on such terms and conditions as the Corporation 
may determine, through loans, grants, or other programs authorized by 
section 2194 of this title and section 2194b of this title.

(Pub. L. 87-195, pt. I, Sec. 240, as added Pub. L. 95-268, Sec. 9, Apr. 
24, 1978, 92 Stat. 216; amended Pub. L. 99-204, Sec. 9(b)(3), Dec. 23, 
1985, 99 Stat. 1673.)


                            Prior Provisions

    A prior section 2200, Pub. L. 87-195, pt. I, Sec. 240, as added Pub. 
L. 91-175, pt. I, Sec. 105, Dec. 30, 1969, 83 Stat. 817; amended Pub. L. 
92-226, pt. I, Sec. 104(c), Feb. 7, 1972, 86 Stat. 22; Pub. L. 93-189, 
Sec. 6(2), Dec. 17, 1973, 87 Stat. 717; Pub. L. 93-390, Sec. 2(6), Aug. 
27, 1974, 88 Stat. 768, provided for agricultural credit and self-help 
community development projects in Latin America, prior to repeal by Pub. 
L. 93-559, Sec. 8(b), Dec. 30, 1974, 88 Stat. 1797. See section 2182a of 
this title.


                               Amendments

    1985--Pub. L. 99-204 inserted reference to section 2194b of this 
title.
