22 U.S.C. § 7709 — Congressional and public notification

(a) Congressional consultation and notice. Through the Chief Executive Officer^*, the Board^* must consult the appropriate congressional committees^* and notify them at least 15 days before (A) providing assistance under section 7708(g), (B) starting negotiations for a section 7704 Compact^* or a section 7715 agreement, (C) signing such a Compact or agreement, or (D) ending assistance under one. A notice about negotiating or signing a Compact must, when practicable and appropriate, explain its projected economic justification, including its expected economic rate of return, cost-benefit analysis, effect on beneficiaries, likelihood of attracting private investment, and other economic facts supporting each project. At least 60 days before signing each concurrent Compact, the Board must also give the committees a risk assessment and, when appropriate, possible ways to reduce risks involving regional integration and cross-border cooperation, political or policy changes including eligibility, economic returns, time and completion, and costs and finances. It must assess risk-reduction steps, including finding other donors and working with regional organizations on cross-border cooperation. (b) Notice after a Compact. Within 10 days after entering a Compact, the Board must publish its text on the Corporation's website, give the committees a detailed summary and the text if requested, and publish a detailed summary and notice of where to find the text in the Federal Register.