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Title 42 — The Public Health and Welfare

Part A · Chapter 152 — Energy Independence and Security

§ 17334. Actions by United States International Development Finance Corporation

Statutory text

(a)

Sense of Congress

It is the sense of Congress that the United States International Development Finance Corporation should promote greater investment in clean and efficient energy technologies by—

(1)

proactively reaching out to United States companies that are interested in investing in clean and efficient energy technologies in countries that are significant contributors to global greenhouse gas emissions;

(2)

giving preferential treatment to the evaluation and awarding of projects that involve the investment or utilization of clean and efficient energy technologies; and

(3)

providing greater flexibility in supporting projects that involve the investment or utilization of clean and efficient energy technologies, including financing, insurance, and other assistance.

(b)

Report

The United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22—

(1)

a description of the activities carried out to implement this section; or

(2)

if the Corporation did not carry out any activities to implement this section, an explanation of the reasons therefor.

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. Energy Independence and Security Act of 2007

    Pub. L. 110–140 title IX § 914 · 121 Stat. 1492

    Enacted · 42 U.S.C. § 17334

    Pub. L. 110–140, title IX, § 914, Dec. 19, 2007, 121 Stat. 1727

    Source evidence

    Code source credit
    Pub. L. 110–140, title IX, § 914, Dec. 19, 2007, 121 Stat. 1727

    Enacted provision · exact public law section
    SEC. 914. ACTIONS BY OVERSEAS PRIVATE INVESTMENT CORPORATION. (a) Sense of Congress.— It is the sense of Congress that the Overseas Private Investment Corporation should promote greater investment in clean and efficient energy technologies by— (1) proactively reaching out to United States companies that are interested in investing in clean and efficient energy technologies in countries that are significant contributors to global greenhouse gas emissions; (2) giving preferential treatment to the evaluation and awarding of projects that involve the investment or utilization of clean and efficient energy technologies; and (3) providing greater flexibility in supporting projects that involve the investment or utilization of clean and efficient energy technologies, including financing, insurance, and other assistance. (b) Report.— The Overseas Private Investment Corporation shall include in its annual report required under section 240A of the Foreign Assistance Act of 1961 (22 U.S.C. 2200a)— (1) a description of the activities carried out to implement this section; or (2) if the Corporation did not carry out any activities to implement this section, an explanation of the reasons therefor.

  2. Better Utilization of Investments Leading to Development Act of 2018

    Pub. L. 115–254 § 1470(v)(1)(A) · 132 Stat. 3187

    Substituted · 42 U.S.C. § 17334

    Pub. L. 115–254, § 1470(v)(1)(A), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in section catchline

    Source evidence

    Code amendment note
    Pub. L. 115–254, § 1470(v)(1)(A), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in section catchline.

    Enacted provision · exact public law section
    (A) in the section heading, by striking “overseas private investment corporation” and inserting “united states international development finance corporation”;

    Effective date note
    Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.

  3. Better Utilization of Investments Leading to Development Act of 2018

    Pub. L. 115–254 § 1470(v)(1)(B) · 132 Stat. 3187

    Substituted · 42 U.S.C. § 17334(a)

    Pub. L. 115–254, § 1470(v)(1)(B), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 115–254, § 1470(v)(1)(B), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in introductory provisions.

    Enacted provision · exact public law section
    (B) in subsection (a), in the matter preceding paragraph (1), by striking “Overseas Private Investment Corporation” and inserting “United States International Development Finance Corporation”; and

    Effective date note
    Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.

  4. Better Utilization of Investments Leading to Development Act of 2018

    Pub. L. 115–254 § 1470(v)(1)(C) · 132 Stat. 3187

    Substituted · 42 U.S.C. § 17334(b)

    Pub. L. 115–254, § 1470(v)(1)(C), substituted “United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22” for “Overseas Private Investment Corporation shall include in its annual report required under section 2200a of title 22” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 115–254, § 1470(v)(1)(C), substituted “United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22” for “Overseas Private Investment Corporation shall include in its annual report required under section 2200a of title 22” in introductory provisions.

    Enacted provision · exact public law section
    (C) in subsection (b), in the matter preceding paragraph (1), by striking “Overseas Private Investment Corporation shall include in its annual report required under section 240A of the Foreign Assistance Act of 1961 (22 U.S.C. 2200a)” and inserting “United States International Development Finance Corporation shall include in its annual report required under section 1443 of the Better Utilization of Investments Leading to Development Act of 2018”; and

    Effective date note
    Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.

4 of 4 references resolved to an enrolled provision

Editorial Notes

Amendments

2018—Pub. L. 115–254, § 1470(v)(1)(A), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in section catchline.

Subsec. (a). Pub. L. 115–254, § 1470(v)(1)(B), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in introductory provisions.

Subsec. (b). Pub. L. 115–254, § 1470(v)(1)(C), substituted “United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22” for “Overseas Private Investment Corporation shall include in its annual report required under section 2200a of title 22” in introductory provisions.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment

Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.

Effective Date

Section effective on the date that is 1 day after , see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.

Credits

2007–2018 · 2 acts
  1. 2007Pub. L. 110–140, title IX, § 914, , 121 Stat. 1727
  2. 2018Pub. L. 115–254, div. F, title VI, § 1470(v)(1), , 132 Stat. 3519.
Show as published

(Pub. L. 110–140, title IX, § 914, , 121 Stat. 1727; Pub. L. 115–254, div. F, title VI, § 1470(v)(1), , 132 Stat. 3519.)

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