§ 9672. Additionality and avoidance of market distortion

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.

1. 2018

   Better Utilization of Investments Leading to Development Act of 2018

   Pub. L. 115–254 div. F title V § 1452 · 132 Stat. 3187

   Enacted · 22 U.S.C. § 9672

   (Pub. L. 115–254, div. F, title V, § 1452, Oct. 5, 2018, 132 Stat. 3509.)

   Source evidence

   Code source credit
   (Pub. L. 115–254, div. F, title V, § 1452, Oct. 5, 2018, 132 Stat. 3509.)

   Enacted provision · exact public law section
   SEC. 1452. ADDITIONALITY AND AVOIDANCE OF MARKET DISTORTION. (a) In General.— Before the Corporation provides support for a project under title II, the Corporation shall ensure that private sector entities are afforded an opportunity to support the project. (b) Safeguards, Policies, and Guidelines.— The Corporation shall develop appropriate safeguards, policies, and guidelines to ensure that support provided by the Corporation under title II— (1) supplements and encourages, but does not compete with, private sector support; (2) operates according to internationally recognized best practices and standards with respect to ensuring the avoidance of market distorting government subsidies and the crowding out of private sector lending; and (3) does not have a significant adverse impact on United States employment.

1 of 1 references resolved to an enrolled provision