
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC290k-2]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
        SUBCHAPTER XXVI--MULTILATERAL INVESTMENT GUARANTEE AGENCY
 
Sec. 290k-2. Instructions for United States Director

    Immediately after taking office and prior to the issuance by the 
Agency of its first guarantee, the United States Director of the Agency 
shall propose and actively seek the adoption by the Board of Directors 
of policies and procedures under which the Agency will not issue 
guarantees in respect of any proposed investment that would--
        (1) be in any country which has not taken or is not taking steps 
    to afford internationally recognized workers' rights to workers in 
    that country;
        (2) be subject to trade-distorting performance requirements 
    imposed by the host country that are likely to result in a 
    significant net reduction in--
            (A) employment in the United States or other member 
        countries; or
            (B) other trade benefits likely to accrue to the United 
        States or other member countries from the investment; or

        (3) increase a country's productive capacity in an industry 
    already facing excess worldwide capacity for the same, similar or 
    competing product, and cause substantial injury to producers of such 
    product in another member country.

(Pub. L. 100-202, Sec. 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329-
131, 1329-134.)

                          Codification

    Section is based on section 405 of title IV of H.R. 3750, One 
Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by 
Pub. L. 100-202.

                  Section Referred to in Other Sections

    This section is referred to in section 290k-3 of this title.
