22 U.S.C. § 9656 — Notifications to be provided by the Corporation
submitted 8 years ago by Pub. L. 115-254 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 232 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Not later than 15 days prior to the Corporation making a financial commitment associated with the provision of support under subchapter II of this title in an amount in excess of $20,000,000, the Chief Executive Officer of the Corporation shall submit to the appropriate congressional committees* a report in writing that contains the information required by subsection (b).
The information required by this subsection includes—
the amount of each such financial commitment;
an identification of the recipient or beneficiary;
a description of the project, activity, or asset and the Corporation’s impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation; and
information relating to whether the Corporation has accepted a creditor status that is subordinate to that of other creditors in the project, activity, or asset; and
for all projects, activities, or assets that the Corporation has accepted a creditor status that is subordinate to that of other creditors the Corporation shall include a description of the substantive policy rationale required by section 9623(b)(12) of this title that influenced the decision to accept such a creditor status.
The Chief Executive Officer of the Corporation shall notify the appropriate congressional committees not later than 30 days after entering into a new bilateral agreement described in section 9631(a) of this title.
Source credit: (Pub. L. 115–254, div. F, title IV, § 1446, Oct. 5, 2018, 132 Stat. 3507; (As amended Pub. L. 119–60, div. H, title LXXXVII, § 8757, Dec. 18, 2025, 139 Stat. 1967.)
- 2018Enacted · Pub. L. 115-254 · 132 Stat. 3507
- 2025Amended · Pub. L. 119-60 · 139 Stat. 1967
A history note hasn’t been published yet. The record shows enactment by Pub. L. 115-254 on 2018-10-05.
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