Title 22 — Foreign Relations and Intercourse
Chapter 48 — Taiwan Relations
§ 3304. Overseas Private Investment Corporation
Statutory text
Removal of per capita income restriction on Corporation activities with respect to investment projects on Taiwan
During the three-year period beginning on , the $1,000 per capita income restriction in clause (2) of the second undesignated paragraph of section 2191 1 of this title shall not restrict the activities of the Overseas Private Investment Corporation in determining whether to provide any insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan.
Application by Corporation of other criteria
Except as provided in subsection (a) of this section, in issuing insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan, the Overseas Private Insurance 2 Corporation shall apply the same criteria as those applicable in other parts of the world.
Footnotes
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Taiwan Relations Act
Pub. L. 96–8 § 5 · 93 Stat. 14
Enacted · 22 U.S.C. § 3304
(Pub. L. 96–8, § 5, Apr. 10, 1979, 93 Stat. 16.)
Source evidence
Code source credit
(Pub. L. 96–8, § 5, Apr. 10, 1979, 93 Stat. 16.)Enacted provision · exact public law section
Sec. 5. overseas private investment corporation (a) During the three-year period beginning on the date of enactment of this Act, the $1,000 per capita income restriction in clause (2) of the second undesignated paragraph of section 231 of the Foreign Assistance Act of 1961 shall not restrict the activities of the Overseas Private Investment Corporation in determining whether to provide any insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan. (b) Except as provided in subsection (a) of this section, in issuing insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan, the Overseas Private Insurance Corporation shall apply the same criteria as those applicable in other parts of the world.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
Section 2191 of this title, referred to in subsec. (a), was repealed by Pub. L. 115–254, div. F, title VI, § 1464(2), , 132 Stat. 3513.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective as of , see section 18 of Pub. L. 96–8, set out as a note under section 3301 of this title.
Transfer of Functions
For transfer of functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation to the United States International Development Finance Corporation and treatment of related references, see sections 9683 and 9686(d) of this title.
Credits
(Pub. L. 96–8, § 5, , 93 Stat. 16.)