ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

22 U.S.C. § 262sMultilateral development bank procurement

submitted 38 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 230 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law directs Treasury to push multilateral development banks to treat U.S. bidders fairly and investigate complaints about contract awards. Treasury must also appoint a procurement liaison officer to work with the Commerce Department on this.

(a) Executive Directors The Treasury Secretary must instruct the U.S. representative at each multilateral development bank to give high priority to promoting export opportunities for U.S. goods and services, and to thoroughly investigate any complaints from U.S. bidders about how procurement contracts are awarded — to make sure the banks follow their own contract rules and treat U.S. firms fairly. (b) Officer of procurement (1) Establishment — The Treasury Secretary must designate, within Treasury's Office of International Affairs, an officer for multilateral development bank procurement. (2) Function — This officer acts as liaison between Treasury, the Commerce Department, and the U.S. representatives' offices at the banks, carrying out this section. The officer must work with Commerce to improve U.S. companies' procurement opportunities at these banks. "Multilateral development bank" defined In this section, "multilateral development bank" includes the World Bank, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the Inter-American Investment Corporation, the Asian Development Bank, the African Development Bank, and the African Development Fund.
the actual law source: uscode.house.gov ↗public domain
(a) Executive Directors

The Secretary of the Treasury shall instruct the United States Executive Director of each multilateral development bank to attach a high priority to promoting opportunities for exports for goods and services from the United States and, in carrying out this function, to investigate thoroughly any complaints from United States bidders about the awarding of procurement contracts by the multilateral development banks to ensure that all contract procedures and rules of the banks are observed and that United States firms are treated fairly.

(b)1 Officer of procurement
(1) Establishment

The Secretary of the Treasury shall designate, within the Office of International Affairs in the Department of the Treasury, an officer of multilateral development bank procurement.

(2) Function

The officer shall act as the liaison between the Department of the Treasury, the Department of Commerce, and the United States Executive Directors’ offices in the multilateral development banks, in carrying out this section. The officer shall cooperate with the Department of Commerce in efforts to improve opportunities for multilateral development bank procurement by United States companies.

(b)1 “Multilateral development bank” defined

As used in this section, the term “multilateral development bank” includes the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the InterAmerican Investment Corporation, the Asian Development Bank, the African Development Bank, and the African Development Fund.

Source credit: (Pub. L. 95–118, title XVIII, § 1801, formerly Pub. L. 100–418, title III, § 3202, Aug. 23, 1988, 102 Stat. 1382; renumbered § 1801 of Pub. L. 95–118, Pub. L. 101–240, title V, § 541(b)(1), Dec. 19, 1989, 103 Stat. 2517.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 95-118 · 102 Stat. 1382
  • 1989Amended · Pub. L. 95-118 · 103 Stat. 2517

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 1988-08-23.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case