22 U.S.C. § 262s–2 — Commercial Service Officers and multilateral development bank procurement

submitted 38 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 297 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law requires Commerce to appoint procurement officers to work alongside each U.S. representative at multilateral development banks. These officers must connect U.S. businesses — especially small and medium ones — with bank procurement information and bidding opportunities.

(a) Appointment of Commercial Service Officers The Commerce Secretary, in consultation with Treasury, must appoint a procurement officer — from the International Trade Administration or the Commercial Service — to serve, full-time or part-time, with each U.S. representative at the multilateral development banks the U.S. participates in. (b) Functions of officers Each procurement officer must help their assigned U.S. representative promote export opportunities for U.S. goods and services by: (1) Acting as liaison between the business community and the bank, whether or not the bank has U.S. offices. Commerce must ensure the officer has, and shares with U.S. businesses, information on proposed bank projects and bid specifications and deadlines for upcoming projects — making special efforts to reach small and medium businesses, and exploring ways to share this information through nonprofit organizations. (2) Making sure U.S. businesses are fully informed of bidding opportunities for bank-funded projects. (3) Making sure U.S. businesses can focus on projects where they have particular interest or a competitive edge, and can compete on an equal footing by submitting timely, conforming bids.

the actual law source: uscode.house.gov ↗public domain

(a) Appointment of Commercial Service Officers to serve with Executive Directors

The Secretary of Commerce, in consultation with the Secretary of the Treasury, shall appoint a procurement officer, who is a representative of the International Trade Administration or a Commercial Service Officer of the United States and Foreign Commercial Service, to serve, on a full-time or part-time basis, with each of the Executive Directors of the multilateral development banks in which the United States participates.

(b) Functions of officers

Each procurement officer appointed under subsection (a) shall assist the United States Executive Director with respect to whom such officer is appointed in promoting opportunities for exports of goods and services from the United States by doing the following:

(1)

Acting as the liaison between the business community and the multilateral development bank involved, whether or not the bank has offices in the United States. The Secretary of Commerce shall ensure that the procurement officer has access to, and disseminates to United States businesses, information relating to projects which are being proposed by the multilateral development bank, and bid specifications and deadlines for projects about to be developed by the bank. The procurement officer shall make special efforts to disseminate such information to small and medium-sized businesses interested in participating in such projects. The procurement officer shall explore opportunities for disseminating such information through private sector, nonprofit organizations.

(2)

Taking actions to assure that United States businesses are fully informed of bidding opportunities for projects for which loans have been made by the multilateral development bank involved.

(3)

Taking actions to assure that United States businesses can focus on projects in which they have a particular interest or competitive advantage, and to permit them to compete and have an equal opportunity in submitting timely and conforming bidding documents.

Source credit: (Pub. L. 95–118, title XVIII, § 1803, formerly Pub. L. 100–418, title II, § 2302, Aug. 23, 1988, 102 Stat. 1341; renumbered § 1803 of Pub. L. 95–118, and amended Pub. L. 101–240, title V, § 541(b)(2), Dec. 19, 1989, 103 Stat. 2517.)

history & why it existsrecord from the source credit

1988Enacted · Pub. L. 95-118 · 102 Stat. 1341
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.

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