
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: 22USC290m-2]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
     SUBCHAPTER XXVIII--NORTH AMERICAN DEVELOPMENT BANK AND RELATED 
                               PROVISIONS
 
Sec. 290m-2. Community adjustment and investment program


(a) The President

    (1) The President may enter into an agreement with the Bank that 
facilitates implementation by the President of a program for community 
adjustment and investment in support of the Agreement pursuant to 
chapter II of the Cooperation Agreement (hereafter in this section 
referred to as the ``community adjustment and investment program'').
    (2) The President may receive from the Bank 10 percent of the paid-
in capital actually paid to the Bank by the United States for the 
President to carry out, without further appropriations, through Federal 
agencies and their loan and loan guarantee programs, the community 
adjustment and investment program, pursuant to an agreement between the 
President and the Bank.
    (3) The President may select one or more Federal agencies that make 
loans or guarantee the repayment of loans to assist in carrying out the 
community adjustment and investment program, and may transfer the funds 
received from the Bank to such agency or agencies for the purpose of 
assisting in carrying out the community adjustment and investment 
program.
    (4)(A) Each Federal agency selected by the President to assist in 
carrying out the community adjustment and investment program shall use 
the funds transferred to it by the President from the Bank to pay for 
the costs of direct and guaranteed loans, as defined in section 661a of 
title 2, and, as appropriate, other costs associated with such loans, 
all subject to the restrictions and limitations that apply to such 
agency's existing loan or loan guarantee program.
    (B) Funds transferred to an agency under subparagraph (A) shall be 
in addition to the amount of funds authorized in any appropriations Act 
to be expended by that agency for its loan or loan guarantee program.
    (5) The President shall--
        (A) establish guidelines for the loans and loan guarantees to be 
    made under the community adjustment and investment program;
        (B) endorse the grants made by the Bank for the community 
    adjustment and investment program, as provided in Article I, section 
    1(b), and Article III, section 11(a), of Chapter II of the 
    Cooperation Agreement; and
        (C) endorse any loans or guarantees made by the Bank for the 
    community adjustment and investment program, as provided in Article 
    I, section 1(b), and Article III, section 6(a) and (c) of Chapter II 
    of the Cooperation Agreement.

(b) Advisory Committee

                          (1) Establishment

        The President shall establish an advisory committee to be known 
    as the Community Adjustment and Investment Program Advisory 
    Committee (in this section referred to as the ``Advisory 
    Committee'') in accordance with the provisions of the Federal 
    Advisory Committee Act.

                           (2) Membership

        (A) In general

            The Advisory Committee shall consist of 9 members of the 
        public, appointed by the President, who, collectively, 
        represent--
                (i) community groups whose constituencies include low-
            income families;
                (ii) any scientific, professional, business, nonprofit, 
            or public interest organization or association which is 
            neither affiliated with, nor under the direction of, a 
            government;
                (iii) for-profit business interests; and
                (iv) other appropriate entities with relevant expertise.

        (B) Representation

            Each of the categories described in clauses (i) through (iv) 
        of subparagraph (A) shall be represented by no fewer than 1 and 
        no more than 3 members of the Advisory Committee.

                            (3) Function

        It shall be the function of the Advisory Committee--
            (A) to provide advice to the President regarding the 
        implementation of the community adjustment and investment 
        program, including advice on the guidelines to be established by 
        the President for the loans and loan guarantees to be made 
        pursuant to subsection (a)(4) of this section, advice on 
        identifying the needs for adjustment assistance and investment 
        in support of the goals and objectives of the Agreement, taking 
        into account economic and geographic considerations, and advice 
        on such other matters as may be requested by the President; and
            (B) to review on a regular basis the operation of the 
        community adjustment and investment program and provide the 
        President with the conclusions of its review.

                        (4) Terms of members

        (A) In general

            Each member of the Advisory Committee shall serve at the 
        pleasure of the President.

        (B) Chairperson

            The President shall appoint a chairperson from among the 
        members of the Advisory Committee.

        (C) Meetings

            The Advisory Committee shall meet at least annually and at 
        such other times as requested by the President or the 
        chairperson. A majority of the members of the Advisory Committee 
        shall constitute a quorum.

        (D) Reimbursement for expenses

            The members of the Advisory Committee may receive 
        reimbursement for travel, per diem, and other necessary expenses 
        incurred in the performance of their duties, in accordance with 
        the Federal Advisory Committee Act.

        (E) Staff and facilities

            The Advisory Committee may utilize the facilities and 
        services of employees of any Federal agency without cost to the 
        Advisory Committee, and any such agency is authorized to provide 
        services as requested by the Committee.

(c) Ombudsman

    The President shall appoint an ombudsman to provide the public with 
an opportunity to participate in the carrying out of the community 
adjustment and investment program.

                            (1) Function

        It shall be the function of the ombudsman--
            (A) to establish procedures for receiving comments from the 
        general public on the operation of the community adjustment and 
        investment program, to receive such comments, and to provide the 
        President with summaries of the public comments; and
            (B) to perform an independent inspection and programmatic 
        audit of the operation of the community adjustment and 
        investment program and to provide the President with the 
        conclusions of its investigation and audit.

                 (2) Authorization of appropriations

        There are authorized to be appropriated to the President, or 
    such agency as the President may designate, $25,000 for fiscal year 
    1995 and for each fiscal year thereafter, for the costs of the 
    ombudsman.

(d) Reporting requirement

    The President shall submit to the appropriate congressional 
committees an annual report on the community adjustment and investment 
program (if any) that is carried out pursuant to this section. Each 
report shall state the amount of the loans made or guaranteed during the 
12-month period ending on the day before the date of the report.

(Pub. L. 103-182, title V, Sec. 543, Dec. 8, 1993, 107 Stat. 2167.)

                       References in Text

    The Federal Advisory Committee Act, referred to in subsec. (b)(1), 
(4)(D), is Pub. L. 92-463, Oct. 6, 1972, 86 Stat. 770, as amended, which 
is set out in the Appendix to Title 5, Government Organization and 
Employees.

                         Delegation of Functions

    Functions of President under subsec. (a)(1) to (3) of this section 
delegated to Secretary of the Treasury and functions of President under 
subsecs. (a)(5) and (d) of this section delegated to Community 
Adjustment and Investment Program Finance Committee by sections 4 to 6 
of Ex. Ord. No. 12916, May 13, 1994, 59 F.R. 25780, set out as a note 
under section 3473 of Title 19, Customs Duties.


                   Termination of Advisory Committees

    Advisory committees established after Jan. 5, 1973, to terminate not 
later than the expiration of the 2-year period beginning on the date of 
their establishment, unless, in the case of a committee established by 
the President or an officer of the Federal Government, such committee is 
renewed by appropriate action prior to the expiration of such 2-year 
period, or in the case of a committee established by Congress, its 
duration is otherwise provided by law. See section 14 of Pub. L. 92-463, 
Oct. 6, 1972, 86 Stat. 776, set out in the Appendix to Title 5, 
Government Organization and Employees.


      Community Adjustment and Investment Program Finance Committee

    For provisions establishing the Community Adjustment and Investment 
Program Finance Committee to assist in carrying out the program pursuant 
to subsec. (a)(3) of this section and to provide to the President advice 
and conclusions of reviews by the Advisory Committee pursuant to subsec. 
(b)(3) of this section and summaries of public comments or conclusions 
of investigations and audits by the ombudsman pursuant to subsec. (c)(1) 
of this section, see Ex. Ord. No. 12916, Secs. 7-9, May 13, 1994, 59 
F.R. 25780, set out as a note under section 3473 of Title 19, Customs 
Duties.


                               Definitions

    Agreement means the North American Free Trade Agreement, see section 
3301(1) of Title 19, Customs Duties.

                  Section Referred to in Other Sections

    This section is referred to in section 290m of this title.
