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22 U.S.C. § 290k–2Instructions for United States Director

submitted 39 years ago by Pub. L. 100-202 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 167 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. Director must push the Agency to adopt policies against guaranteeing investments that ignore workers' rights, distort trade, or flood already-oversupplied industries.

As soon as the U.S. Director of the Agency takes office, and before the Agency issues its very first guarantee, the Director must propose — and actively push the Board of Directors to adopt — policies that stop the Agency from guaranteeing certain investments. The Agency should not guarantee an investment that would: (1) go to a country that isn't taking steps to give workers their internationally recognized rights; (2) be subject to trade-distorting requirements the host country imposes, if those requirements would likely cause a significant net drop in (A) jobs in the United States or other member countries, or (B) other trade benefits those countries would otherwise get from the investment; or (3) increase a country's production capacity in an industry that already has too much capacity worldwide for the same or a similar or competing product, causing real harm to producers of that product in another member country.
the actual law source: uscode.house.gov ↗public domain

Immediately after taking office and prior to the issuance by the Agency of its first guarantee, the United States Director of the Agency shall propose and actively seek the adoption by the Board of Directors of policies and procedures under which the Agency will not issue guarantees in respect of any proposed investment that would—

(1)

be in any country which has not taken or is not taking steps to afford internationally recognized workers’ rights to workers in that country;

(2)

be subject to trade-distorting performance requirements imposed by the host country that are likely to result in a significant net reduction in—

(A)

employment in the United States or other member countries; or

(B)

other trade benefits likely to accrue to the United States or other member countries from the investment; or

(3)

increase a country’s productive capacity in an industry already facing excess worldwide capacity for the same, similar or competing product, and cause substantial injury to producers of such product in another member country.

Source credit: (Pub. L. 100–202, § 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329–131, 1329–134.)

history & why it existsrecord from the source credit
  • 1987Enacted · Pub. L. 100-202 · 101 Stat. 1329

A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-202 on 1987-12-22.

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