[USC02] 42 USC 17334: Actions by Overseas Private Investment Corporation
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42 USC 17334: Actions by Overseas Private Investment Corporation Text contains those laws in effect on November 19, 2019
From Title 42-THE PUBLIC HEALTH AND WELFARECHAPTER 152-ENERGY INDEPENDENCE AND SECURITYSUBCHAPTER VIII-INTERNATIONAL ENERGY PROGRAMSPart A-Assistance To Promote Clean and Efficient Energy Technologies in Foreign Countries

§17334. 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 2200a 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.

( Pub. L. 110–140, title IX, §914, Dec. 19, 2007, 121 Stat. 1727 ; Pub. L. 115–254, div. F, title VI, §1470(v)(1), Oct. 5, 2018, 132 Stat. 3519 .)

Amendment of Section

Pub. L. 115–254, div. F, title VI, §1470(v)(1), (w), Oct. 5, 2018, 132 Stat. 3519 , provided that, effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, this section is amended as follows:

(1) in the section catchline, by striking "Overseas Private Investment Corporation" and inserting "United States International Development Finance Corporation";

(2) in subsection (a), in the matter preceding paragraph (1), by striking "Overseas Private Investment Corporation" and inserting "United States International Development Finance Corporation"; and

(3) in subsection (b), in the matter preceding paragraph (1), by striking "Overseas Private Investment Corporation shall include in its annual report required under section 2200a of title 22" and inserting "United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22".

See 2018 Amendment notes below.

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.

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 Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.