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22 U.S.C. § 9672Additionality and avoidance of market distortion

submitted 8 years ago by Pub. L. 115-254 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 115 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) In general

Before the Corporation provides support for a project under subchapter II of this chapter, the Corporation shall ensure that private sector entities are afforded an opportunity to support the project.

(b) Safeguards, policies, and guidelines

The Corporation shall develop appropriate safeguards, policies, and guidelines to ensure that support provided by the Corporation under subchapter II of this chapter—

(1)

supplements and encourages, but does not compete with, private sector support;

(2)

operates according to internationally recognized best practices and standards with respect to ensuring the avoidance of market distorting government subsidies and the crowding out of private sector lending; and

(3)

does not have a significant adverse impact on United States employment.

Source credit: (Pub. L. 115–254, div. F, title V, § 1452, Oct. 5, 2018, 132 Stat. 3509.)

history & why it existsrecord from the source credit
  • 2018Enacted · Pub. L. 115-254 · 132 Stat. 3509

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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