
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: 22USC290l-8]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
   SUBCHAPTER XXVII--EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
 
Sec. 290l-8. Congressional consultations

    During negotiations on the establishment of operational guidelines 
for the Bank, the Secretary of the Treasury shall--
        (A) consult on a regular and timely basis with the Committee on 
    Banking, Finance and Urban Affairs and the Committee on 
    Appropriations of the House of Representatives, and the Committee on 
    Foreign Relations and the Committee on Appropriations of the Senate;
        (B) seek to ensure that procedures and mechanisms are 
    established, including the creation of specific departments or 
    staffs within the Bank, which will allow the Bank to assess the 
    impact of any loans, guarantees, or other activities on the 
    environment and on internationally recognized human rights in 
    borrower countries; and
        (C) report, through consultation within 90 days after November 
    5, 1990, to the Committees specified in subparagraph (A) on the 
    progress of efforts to create such procedures and mechanisms.

(Pub. L. 101-513, title V, Sec. 562(c)(11), Nov. 5, 1990, 104 Stat. 
2036.)

                         Change of Name

    Committee on Banking, Finance and Urban Affairs of House of 
Representatives treated as referring to Committee on Banking and 
Financial Services of House of Representatives by section 1(a) of Pub. 
L. 104-14, set out as a note preceding section 21 of Title 2, The 
Congress. Committee on Banking and Financial Services of House of 
Representatives abolished and replaced by Committee on Financial 
Services of House of Representatives, and jurisdiction over matters 
relating to securities and exchanges and insurance generally transferred 
from Committee on Energy and Commerce of House of Representatives by 
House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.


   Goals in Negotiations Concerning Structure, Bylaws, and Operating 
                           Procedures of Bank

    Section 584 of Pub. L. 101-513 provided that: ``In all negotiations 
concerning the structure, bylaws, and operating procedures of the 
European Bank for Reconstruction and Development (EBRD), the Secretary 
of the Treasury shall vigorously seek--
        ``(1) establishment of procedures for environmental assessment 
    of all proposed operations with potentially significant 
    environmental impacts;
        ``(2) establishment of an environmental unit with sufficient 
    staff to review proposed operations, monitor compliance with 
    environmental provisions, and provide overall policy guidance;
        ``(3) establishment of procedures for systematic consultation 
    with and involvement of the public and interested nongovernmental 
    organizations, including an opportunity for comment by local 
    communities which may be affected by EBRD operations and 
    establishment of a system of public notification and comment during 
    the development of EBRD policies and operating procedures; and
        ``(4) agreement that a significant portion of the EBRD's funds 
    shall be devoted to projects focused on environmental restoration 
    and protection.''
