
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: 22USC2200a]

 
               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. 2200a. Report to Congress


(a) Annual report

    After the end of each fiscal year, the Corporation shall submit to 
the Congress a complete and detailed report of its operations during 
such fiscal year. Such report shall include--
        (1) an assessment, based upon the development impact profiles 
    required by section 2199(h) of this title, of the economic and 
    social development impact and benefits of the projects with respect 
    to which such profiles are prepared, and of the extent to which the 
    operations of the Corporation complement or are compatible with the 
    development assistance programs of the United States and other 
    donors; and
        (2) a description of any project for which the Corporation--
            (A) refused to provide any insurance, reinsurance, guaranty, 
        financing, or other financial support, on account of violations 
        of human rights referred to in section 2199(i) of this title; or
            (B) notwithstanding such violations, provided such 
        insurance, reinsurance, guaranty, financing, or financial 
        support, on the basis of a determination (i) that the project 
        will directly benefit the needy people in the country in which 
        the project is located, or (ii) that the national security 
        interest so requires.

(b) Effect of all projects on employment in United States to be included 
        in annual report

    (1) Each annual report required by subsection (a) of this section 
shall contain projections of the effects on employment in the United 
States of all projects for which, during the preceding fiscal year, the 
Corporation initially issued any insurance, reinsurance, or guaranty or 
made any direct loan. Each such report shall include projections of--
        (A) the amount of United States exports to be generated by those 
    projects, both during the start-up phase and over a period of years;
        (B) the final destination of the products to be produced as a 
    result of those projects; and
        (C) the impact such production will have on the production of 
    similar products in the United States with regard to both domestic 
    sales and exports.

    (2) The projections required by this subsection shall be based on an 
analysis of each of the projects described in paragraph (1).
    (3) In reporting the projections on employment required by this 
subsection, the Corporation shall specify, with respect to each 
project--
        (A) any loss of jobs in the United States caused by the project, 
    whether or not the project itself creates other jobs;
        (B) any jobs created by the project; and
        (C) the country in which the project is located, and the 
    economic sector involved in the project.

No proprietary information may be disclosed under this paragraph.

(c) Repealed. Pub. L. 100-461, title V, Sec. 555, Oct. 1, 1988, 102 
        Stat. 2268-36

(d) Maintenance of records

    The Corporation shall maintain as part of its records--
        (1) all information collected in preparing the report required 
    by subsection (c) of this section (as in effect before October 1, 
    1988), whether the information was collected by the Corporation 
    itself or by a contractor; and
        (2) a copy of the analysis of each project analyzed in preparing 
    the reports required either by subsection (b) of this section, or by 
    subsection (c) of this section (as in effect before October 1, 
    1988).

(e) Assessment of cooperative political risk insurance program

    Each annual report required by subsection (a) of this section shall 
include an assessment of programs implemented by the Corporation under 
section 2194b(a) of this title, including the following information, to 
the extent such information is available to the Corporation:
        (1) The nature and dollar value of political risk insurance 
    provided by private insurers in conjunction with the Corporation, 
    which the Corporation was not permitted to provide under this 
    subpart.
        (2) The nature and dollar value of political risk insurance 
    provided by private insurers in conjunction with the Corporation, 
    which the Corporation was permitted to provide under this subpart.
        (3) The manner in which such private insurers and the 
    Corporation cooperated in recovery efforts and claims management.

(f) Information not required to be made available to public excluded 
        from reports

    Subsections (b) and (e) of this section do not require the inclusion 
in any report submitted pursuant to those subsections of any information 
which would not be required to be made available to the public pursuant 
to section 552 of title 5 (relating to freedom of information).

(Pub. L. 87-195, pt. I, Sec. 240A, as added Pub. L. 91-175, pt. I, 
Sec. 105, Dec. 30, 1969, 83 Stat. 818; amended Pub. L. 93-390, 
Sec. 2(7), Aug. 27, 1974, 88 Stat. 768; Pub. L. 95-268, Sec. 10, Apr. 
24, 1978, 92 Stat. 216; Pub. L. 97-65, Sec. 9, formerly Sec. 9(a), Oct. 
16, 1981, 95 Stat. 1024, renumbered Sec. 9, Pub. L. 99-204, 
Sec. 17(c)(1), Dec. 23, 1985, 99 Stat. 1677; Pub. L. 99-204, Sec. 14(a), 
Dec. 23, 1985, 99 Stat. 1674; Pub. L. 100-461, title V, Sec. 555, Oct. 
1, 1988, 102 Stat. 2268-36; Pub. L. 102-549, title I, Sec. 108, Oct. 28, 
1992, 106 Stat. 3654.)

                          Codification

    Amendment by Pub. L. 100-461 is based on sections 105(b) and 110(b) 
of title I of H.R. 5263, One Hundredth Congress, as passed by the House 
of Representatives on Sept. 20, 1988, and sections 105(b) and 110(b) of 
title I of S. 2757, One Hundredth Congress, as reported Sept. 7, 1988, 
and enacted into law by Pub. L. 100-461.


                               Amendments

    1992--Subsec. (b)(2), (3). Pub. L. 102-549 added pars. (2) and (3) 
and struck out former par. (2) which read as follows: ``Each report 
required by this subsection shall be based on an analysis of each of the 
projects described in paragraph (1). The reports may, however, present 
information and analysis in aggregate form, but only if--
        ``(A) those projects which are projected to have a positive 
    effect on employment in the United States and those projects which 
    are projected to have a negative effect on employment in the United 
    States are grouped separately; and
        ``(B) there is set forth for each such grouping the key 
    characteristics of the projects within that grouping, including the 
    number of projects in each economic sector, the countries in which 
    the projects in each economic sector are located, and the projected 
    level of the impact of the projects in each economic sector on 
    employment in the United States and on United States trade.''
    1988--Subsec. (c). Pub. L. 100-461 repealed subsec. (c) which 
related to actual effect of all projects on employment in United States 
as of Sept. 30, 1986, presentation of information, and methodology used 
in acquiring information and making analysis.
    Subsec. (d)(1). Pub. L. 100-461 inserted ``(as in effect before 
October 1, 1988)'' after ``subsection (c) of this section''.
    Subsec. (d)(2). Pub. L. 100-461 substituted ``either by subsection 
(b) of this section, or by subsection (c) of this section (as in effect 
before October 1, 1988)'' for ``by either subsection (b) or (c) of this 
section''.
    Subsec. (e). Pub. L. 100-461 added subsec. (e). Former subsec. (e) 
redesignated (f).
    Subsec. (f). Pub. L. 100-461 redesignated subsec. (e) as (f) and 
substituted ``(e)'' for ``(c)''.
    1985--Pub. L. 99-204, Sec. 14(a), designated existing provisions as 
subsec. (a) and added subsecs. (b) to (e).
    1981--Pub. L. 97-65 struck out designation ``(a)'' before ``After 
the end of each fiscal year'', substituted references to section 2199(h) 
and (i) of this title for references to section 2199(i) and (l) of this 
title, respectively, in pars. (1) and (2)(A), and struck out subsec. (b) 
which had provided that, not later than Sept. 30, 1980, the Corporation 
was to submit to the Congress a report on the development of private and 
multilateral programs for investment insurance and any reinsurance 
arrangements the Corporation had made with private insurance companies, 
multilateral organizations and institutions or other entities.
    1978--Subsec. (a). Pub. L. 95-268 added cls. (1) and (2) setting 
forth required contents of report.
    Subsec. (b). Pub. L. 95-268 substituted provisions relating to 
report to be submitted not later than Sept. 30, 1980 involving the 
development and any arrangements by the Corporation with private 
insurance companies, etc., for provisions relating to report submitted 
not later than Jan. 1, 1976 involving the possibilities of the 
Corporation transferring all of its activities to private insurance 
companies, etc.
    1974--Subsec. (b). Pub. L. 93-390 substituted ``January 1, 1976'' 
for ``March 1, 1974'' and ``of its activities to private insurance 
companies, multilateral organizations and institutions, or other 
entities'' for ``or part of its activities to private United States 
citizens, corporations, or other associations''.


    Report to Congress Not Later Than June 30, 1982, on Methods for 
 Estimating the Impact on Investments if Insurance or Other Support is 
                              Not Provided

    Section 9(b) of Pub. L. 97-65, which provided for a report to 
Congress by the Overseas Private Investment Corporation on the effect on 
investments of lack of insurance, was repealed by Pub. L. 99-204, 
Sec. 17(c)(2), Dec. 23, 1985, 99 Stat. 1677.

                  Section Referred to in Other Sections

    This section is referred to in section 2194b of this title.
