Title 22 — Foreign Relations and Intercourse
Chapter 103 — Better Utilization of Investments Leading to Development
§ 9656. Notifications to be provided by the Corporation
Statutory text
In general
Not later than 15 days prior to the Corporation making a financial commitment associated with the provision of support under subchapter II of this title in an amount in excess of $20,000,000, the Chief Executive Officer of the Corporation shall submit to the appropriate congressional committees a report in writing that contains the information required by subsection (b).
Information required
The information required by this subsection includes—
the amount of each such financial commitment;
an identification of the recipient or beneficiary;
a description of the project, activity, or asset and the Corporation’s impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation; and
information relating to whether the Corporation has accepted a creditor status that is subordinate to that of other creditors in the project, activity, or asset; and
for all projects, activities, or assets that the Corporation has accepted a creditor status that is subordinate to that of other creditors the Corporation shall include a description of the substantive policy rationale required by section 9622(b)(12) of this title that influenced the decision to accept such a creditor status.
Bilateral agreements
The Chief Executive Officer of the Corporation shall notify the appropriate congressional committees not later than 30 days after entering into a new bilateral agreement described in section 9631(a) of this title.
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.
Better Utilization of Investments Leading to Development Act of 2018
Pub. L. 115–254 div. F title IV § 1446 · 132 Stat. 3187
Enacted · 22 U.S.C. § 9656
Pub. L. 115–254, div. F, title IV, § 1446, Oct. 5, 2018, 132 Stat. 3507
Source evidence
Code source credit
Pub. L. 115–254, div. F, title IV, § 1446, Oct. 5, 2018, 132 Stat. 3507Enacted provision · exact public law section
SEC. 1446. NOTIFICATIONS TO BE PROVIDED BY THE CORPORATION. (a) In General.— Not later than 15 days prior to the Corporation making a financial commitment associated with the provision of support under title II in an amount in excess of $10,000,000, the Chief Executive Officer of the Corporation shall submit to the appropriate congressional committees a report in writing that contains the information required by subsection (b). (b) Information Required.— The information required by this subsection includes— (1) the amount of each such financial commitment; (2) an identification of the recipient or beneficiary; and (3) a description of the project, activity, or asset and the development goal or purpose to be achieved by providing support by the Corporation. (c) Bilateral Agreements.— The Chief Executive Officer of the Corporation shall notify the appropriate congressional committees not later than 30 days after entering into a new bilateral agreement described in section 1431(a).Pub. L. 119–60 § 8757(1) · 139 Stat. 1967
Substituted · 22 U.S.C. § 9656(a)
Pub. L. 119–60, § 8757(1), substituted “$20,000,000” for “$10,000,000”
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (a). Pub. L. 119–60, § 8757(1), substituted “$20,000,000” for “$10,000,000”.Pub. L. 119–60 § 8757(2)(B)(i) · 139 Stat. 1967
Inserted · 22 U.S.C. § 9656(b)(3)
Pub. L. 119–60, § 8757(2)(B)(i), inserted “the Corporation’s impact quotient outlining” after “asset and”
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (b)(3). Pub. L. 119–60, § 8757(2)(B)(i), inserted “the Corporation’s impact quotient outlining” after “asset and”.Pub. L. 119–60 § 8757(2)(B)(ii) · 139 Stat. 1967
Added · 22 U.S.C. § 9656(b)(4)
Pub. L. 119–60, § 8757(2)(B)(ii), (C), added par. (4)
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (b)(4). Pub. L. 119–60, § 8757(2)(B)(ii), (C), added par. (4).
1 of 4 references resolved to an enrolled provision · 3 unresolved
Editorial Notes
Amendments
2025—Subsec. (a). Pub. L. 119–60, § 8757(1), substituted “$20,000,000” for “$10,000,000”.
Subsec. (b)(3). Pub. L. 119–60, § 8757(2)(B)(i), inserted “the Corporation’s impact quotient outlining” after “asset and”.
Subsec. (b)(4). Pub. L. 119–60, § 8757(2)(B)(ii), (C), added par. (4).
Credits
2018–2025 · 2 acts
- 2018Pub. L. 115–254, div. F, title IV, § 1446, , 132 Stat. 3507
- 2025(As amended Pub. L. 119–60, div. H, title LXXXVII, § 8757, , 139 Stat. 1967.
Show as published
(Pub. L. 115–254, div. F, title IV, § 1446, , 132 Stat. 3507; (As amended Pub. L. 119–60, div. H, title LXXXVII, § 8757, , 139 Stat. 1967.)