,,ib  ,union ,cal5d> ,no4 #fca  #aae?   
,,congress  #b;d ,session  ,h4 ,r4 #eaje
  ,report ,no4 #aae-had  ,,9 ,,! ,,h\se 
,,( ,,repres5tatives  ,febru>y #bg1     
#bjah ,mr4 ,yoho 7= himself & ,mr4 ,smi?
 ( ,wa%+ton7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on ,=eign  
,affairs  ,july #aa1 #bjah ,additional  
sponsors3 ,mr4 ,royce ( ,cali=nia1 ,mr4 
,mc,caul1 ,mr4 ,%]man1 ,mr4 ,poe (      
,texas1 ,mr4 ,francis ,rooney (         
,florida1 ,mr4 ,keat+1 ,mr4 ,norman1    
,mr4 ,m\lton1 ,mr4 ,cicill9e1 ,mr4      
,budd1 ,mr4 ,k9d1 ,mr4 ,gallagh]1 ,mrs4 
,brooks ( ,indiana1 ,mr4 ,b]a1 ,mr4     
,long1 ,mr4 ,b>r1 ,mr4 ,mead[s1 ,mr4    
,wilson ( ,s\? ,c>ol9a1 ,mr4            
,fitzpatrick1 ,mr4 ,pocan1 ,mr4 ,ca/ro (
 ,texas1 ,mr4 ,g>rett1 ,mr4 ,gu?rie1    
,mr4 ,l>s5 ( ,wa%+ton1 ,mrs4 ,beatty1   
,ms4 ,bass1 ,mr4 ,bacon1 ,mr4 ,khanna1  
,mr4 ,norcross1 ,mr4 ,rei*]t1 ,mr4      
,goodlatte1 ,ms4 ,moore1 ,mr4 ,coop]1   
,mr4 ,katko1 ,mr4 ,blum5au]1 ,mr4       
,mc,govern1 ,mrs4 ,com/ock1 ,mrs4       

,mc,morris ,rodg]s1 ,mr4 ,web/] (       
,florida1 ,mr4 ,scalise1 ,mr4 ,kilm]1   
,mr4 ,c(fman1 & ,mr4 ,heck  ,july #aa1  
#bjah ,report$ ) an am5dm5t1 committ$ to
 ! ,committee ( ! ,:ole ,h\se on ! ,/ate
 ( ! ,union1 & ord]$ to be pr9t$ ,/rike 
out all aft] ! enact+ clause & ins]t !  
"p pr9t$ 9 italic ,= text ( introduc$   
bill1 see copy ( bill z introduc$ on    
,febru>y #bg1 #bjah  ,a ,,bill  ,to     
e/abli% ! ,unit$ ,/ates ,int]national   
,developm5t ,f9ance ,corporation1 & =   
o!r purposes4  #a4 ,%ort title2 table ( 
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,bett] ,utilization (       
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah or ! ,,build ,act ( #bjah4  7b7   
,table ( cont5ts ,! table ( cont5ts =   
?is ,act is z foll[s3  ,sec4 #a4 ,%ort  
title2 table ( cont5ts4 ,sec4 #b4       
,def9itions4 ,title ,i--,e/abli%m5t     
,sec4 #aja4 ,/atem5t ( policy4 ,sec4    
#ajb4 ,unit$ ,/ates ,int]national       
,developm5t ,f9ance ,corporation4 ,sec4 
#ajc4 ,managem5t ( ,corporation4 ,sec4  

#ajd4 ,inspector ,g5]al ( !             
,corporation4 ,sec4 #aje4 ,indep5d5t    
acc\ntability me*anism4 ,title          
,,ii--,au?orities ,sec4 #bja4           
,au?orities relat+ to provision (       
support4 ,sec4 #bjb4 ,t]ms & conditions4
 ,sec4 #bjc4 ,paym5t ( losses4 ,sec4    
#bjd4 ,t]m9ation4 ,title                
,,iii--,adm9i/rative & g5]al provisions 
,sec4 #cja4 ,op]ations4 ,sec4 #cjb4     
,corporate p[]s4 ,sec4 #cjc4 ,maximum   
cont+5t liability4 ,sec4 #cjd4          
,corporate funds4 ,sec4 #cje4           
,coord9ation ) o!r developm5t ag5cies4  
,title ,,iv--,monitor+1 evaluation1 &   
report+ ,sec4 #dja4 ,e/abli%m5t ( risk &
 audit committees4 ,sec4 #djb4 ,p]=mance
 measures4 ,sec4 #djc4 ,annual report4  
,sec4 #djd4 ,publicly available project 
in=mation4 ,sec4 #dje4 ,engagem5t )     
inve/ors4 ,sec4 #djf4 ,notification (   
support to be provid$ by ! ,corporation4
 ,title ,v--,conditions1 re/rictions1 & 
prohibitions ,sec4 #eja4 ,limitations & 
pref]5ces4 ,sec4 #ejb4 ,additionality & 

avoidance ( m>ket di/ortion4 ,sec4 #ejc4
 ,prohibition on support 9 sanction$    
c\ntries & ) sanction$ p]sons4 ,sec4    
#ejd4 ,p5alties = misrepres5tation1     
fraud1 & brib]y4 ,title                 
,,vi--,transitional provisions ,sec4    
#fja4 ,def9itions4 ,sec4 #fjb4          
,reorganization plan4 ,sec4 #fjc4       
,transf] ( functions4 ,sec4 #fjd4       
,t]m9ation ( ,ov]seas ,private ,inve/m5t
 ,corporation & o!r sup]c$$ au?orities4 
,sec4 #fje4 ,transitional au?orities4   
,sec4 #fjf4 ,sav+s provisions4 ,sec4    
#fjg4 ,o!r t]m9ations4 ,sec4 #fjh4      
,incid5tal transf]s4 ,sec4 #fji4        
,ref]5ce4 ,sec4 #faj4 ,con=m+ am5dm5ts4 
#b4 ,def9itions ,9 ?is ,act3 7#a7       
,appropriate congressional committees ,!
 t]m appropriate congressional          
committees means--  7,a7 ! ,committee on
 ,=eign ,relations & ! ,committee on    
,appropriations ( ! ,s5ate2 &  7,b7 !   
,committee on ,=eign ,affairs & !       
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives4  7#b7 ,less develop$ 

c\ntry ,! t]m less develop$ c\ntry means
 a c\ntry ) a l[-income economy1        
l[]-middle-income economy1 or           
upp]-middle-income economy1 z def9$ by !
 ,int]national ,bank = ,recon/ruction & 
,developm5t & ! ,int]national           
,developm5t ,association 7collectively  
ref]r$ to z ! ,_w ,bank74  7#c7         
,pr$ecessor au?ority ,! t]m pr$ecessor  
au?ority means au?orities repeal$ by    
title ,,vi4  7#d7 ,qualify+ sov]eign    
entity ,! t]m qualify+ sov]eign entity  
means--  7,a7 any ag5cy or in/rum5tality
 ( a =eign /ate 7z def9$ 9 section #afjc
 ( title #bh1 ,unit$ ,/ates ,code7 t has
 a purpose t is simil> to ! purpose ( ! 
,corporation z describ$ 9 section       
#ajb7;b72 &  7,b7 any int]national      
f9ancial in/itution 7z def9$ 9 section  
#agja7;c7 ( ! ,int]national ,f9ancial   
,in/itutions ,act 7#bb ,u4,s4,c4        
#bfbr7c7774  ,i ,e/abli%m5t  #aja4      
,/atem5t ( policy ,x is ! policy ( !    
,unit$ ,/ates to facilitate m>ket-bas$  
private sector developm5t & economic    

gr[? 9 less develop$ c\ntries ?r\gh !   
provision ( cr$it1 capital1 & o!r       
f9ancial support--  7#a7 to mobilize    
private capital 9 support ( su/a9able1  
broad-bas$ economic gr[?1 pov]ty        
r$uction1 & developm5t ?r\gh dem&-driv5 
p>tn]%ips ) ! private sector t fur!r !  
=eign policy int]e/s ( ! ,unit$ ,/ates2 
7#b7 to f9ance developm5t 9 a way t     
builds & /r5g!ns civic in/itutions1     
promotes competition1 provides = public 
acc\ntability & transp>5cy2  7#c7 to    
help private sector actors ov]come      
id5tifiable m>ket gaps & ineffici5cies  
)\t di/ort+ m>kets2  7#d7 to a*ieve     
cle>ly def9$ economic & social          
developm5t outcomes2  7#e7 to coord9ate 
) in/itutions ) purposes simil> to !    
purposes ( ! ,corporation to lev]age    
res\rces ( ^? in/itutions to produce !  
greate/ impact2  7#f7 to provide        
c\ntries a robu/ alt]native to          
/ate-direct$ inve/m5ts by au?orit>ian   
gov]nm5ts & ,unit$ ,/ates /rategic      
competitors us+ high /&>ds ( transp>5cy1

 environm5tal & social safegu>ds1 & :i* 
take into acc\nt ! debt su/a9ability (  
p>tn] c\ntries2  7#g7 to lev]age private
 sector capabilities & innovative       
developm5t tools to help c\ntries       
curr5tly receiv+ ,unit$ ,/ates assi/ance
 to transition f _! /atus z recipi5ts ( 
traditional =ms ( assi/ance 9 ord] to   
decrease _! reliance on su* assi/ance   
ov] "t2  7#h7 to complem5t & be guid$ by
 ov]all ,unit$ ,/ates =eign policy1     
developm5t1 & national security         
objectives1 tak+ into acc\nt !          
priorities & ne$s ( c\ntries receiv+    
support4  #ajb4 ,unit$ ,/ates           
,int]national ,developm5t ,f9ance       
,corporation  7a7 ,e/abli%m5t ,!re is   
e/abli%$ 9 ! ,executive bran* ! ,unit$  
,/ates ,int]national ,developm5t ,f9ance
 ,corporation 79 ?is ,act ref]r$ to z ! 
,corporation71 :i* %all be a :olly own$ 
,gov]nm5t corporation 7z def9$ 9 section
 #iaja ( title #ca1 ,unit$ ,/ates ,code7
 "u ! =eign policy guidance ( !         
,secret>y ( ,/ate4  7b7 ,purpose ,!     

purpose ( ! ,corporation %all be to     
mobilize & facilitate ! p>ticipation (  
private sector capital & skills 9 !     
economic developm5t ( less develop$     
c\ntries1 z describ$ 9 subsection 7c71 &
 c\ntries 9 transition f nonm>ket to    
m>ket economies1 9 ord] to complem5t !  
developm5t assi/ance objectives1 &      
advance ! =eign policy int]e/s1 ( !     
,unit$ ,/ates4 ,9 c>ry+ out its purpose1
 ! ,corporation1 utiliz+ broad crit]ia1 
%all take into acc\nt 9 its f9anc+      
op]ations ! economic & f9ancial s\ndness
 ( projects = :i* x provides support "u 
title ,,ii4  7c7 ,less develop$ c\ntry  
focus  7#a7 ,9 g5]al ,! ,corporation    
%all prioritize ! provision ( support "u
 title ,,ii 9 less develop$ c\ntries ) a
 l[-income economy or a                 
l[]-middle-income economy4  7#b7        
,support 9 upp]-middle-income c\ntries  
,! ,corporation %all re/rict ! provision
 ( support "u title ,,ii 9 a less       
develop$ c\ntry ) an upp]-middle-income 
economy unless--  7,a7 ! ,presid5t      

c]tifies to ! appropriate congressional 
committees t su* support fur!rs !       
national economic or =eign policy       
int]e/s ( ! ,unit$ ,/ates2 &  7,b7 su*  
support is likely to be highly          
developm5tal or provide developm5tal    
b5efits to ! poore/ population ( t      
c\ntry4  #ajc4 ,managem5t ( ,corporation
  7a7 ,/ructure ( corporation ,!re %all 
be 9 ! ,corporation a ,bo>d ( ,directors
 79 ?is ,act ref]r$ to z ! ,bo>d71 a    
,*ief ,executive ,(fic]1 a ,deputy ,*ief
 ,executive ,(fic]1 a ,*ief ,risk       
,(fic]1 ,*ief ,developm5t ,(fic]1 & su* 
o!r (fic]s z ! ,bo>d may det]m9e4  7b7  
,bo>d ( ,directors  7#a7 ,duties ,all   
p[]s ( ! ,corporation %all ve/ 9 & be   
ex]cis$ by or "u ! au?ority ( ! ,bo>d4  
,! ,bo>d--  7,a7 %all p]=m ! functions  
specifi$ to be c>ri$ out by ! ,bo>d 9   
?is ,act2  7,b7 may prescribe1 am5d1 &  
repeal bylaws1 rules1 regulations1      
policies1 & proc$ures gov]n+ ! mann] 9  
:i* ! bus9ess ( ! ,corporation may be   
conduct$ & 9 :i* ! p[]s grant$ to !     

,corporation by law may be ex]cis$2 &   
7,c7 %all develop1 9 consultation )     
/akehold]s & o!r int]e/$ p>ties1 a      
publicly-available policy ) respect to  
consultations1 he>+s1 & o!r =ms (       
engagem5t 9 ord] to provide = mean+ful  
public p>ticipation 9 ! ,bo>d's         
activities4  7#b7 ,memb]%ip ( ,bo>d     
7,a7 ,9 g5]al ,! ,bo>d %all consi/ (--  
7i7 ! ,*ief ,executive ,(fic] ( !       
,corporation2  7ii7 ! (fic]s specifi$ 9 
subp>agraph 7,b72 &  7iii7 f\r o!r      
individuals :o %all be appo9t$ by !     
,presid5t1 by & ) ! advice & cons5t ( ! 
,s5ate1 ( :i*--  7,i7 "o individual %\ld
 be appo9t$ f among a li/ ( at lea/ five
 individuals submitt$ by ! majority     
lead] ( ! ,s5ate aft] consultation ) !  
*airman ( ! ,committee on ,=eign        
,relations ( ! ,s5ate2  7,,ii7 "o       
individual %\ld be appo9t$ f among a li/
 ( at lea/ five individuals submitt$ by 
! m9ority lead] ( ! ,s5ate aft]         
consultation ) ! rank+ memb] ( !        
,committee on ,=eign ,relations ( !     

,s5ate2  7,,iii7 "o individual %\ld be  
appo9t$ f among a li/ ( at lea/ five    
individuals submitt$ by ! ,speak] ( !   
,h\se ( ,repres5tatives aft]            
consultation ) ! *airman ( ! ,committee 
on ,=eign ,affairs ( ! ,h\se (          
,repres5tatives2 &  7,,iv7 "o individual
 %\ld be appo9t$ f among a li/ ( at lea/
 five individuals submitt$ by ! m9ority 
lead] ( ! ,h\se ( ,repres5tatives aft]  
consultation ) ! rank+ memb] ( !        
,committee on ,=eign ,affairs ( ! ,h\se 
( ,repres5tatives4  7,b7 ,(fic]s        
specifi$  7i7 ,9 g5]al ,! (fic]s        
specifi$ 9 ?is subp>agraph are ! foll[+3
 7,i7 ,! ,secret>y ( ,/ate or a designee
 ( ! ,secret>y4  7,,ii7 ,! ,adm9i/rator 
( ! ,unit$ ,/ates ,ag5cy = ,int]national
 ,developm5t or a designee ( !          
,adm9i/rator4  7,,iii7 ,! ,secret>y ( ! 
,treasury or a designee ( ! ,secret>y4  
7,,iv7 ,! ,secret>y ( ,comm]ce or a     
designee ( ! ,secret>y4  7ii7           
,requirem5ts = designees ,a designee "u 
clause 7i7 %all be select$ f among      

(fic]s-- 7,i7 appo9t$ by ! ,presid5t1 by
 & ) ! advice & cons5t ( ! ,s5ate2      
7,,ii7 ^: duties relate to ! programs ( 
! ,corporation2 &  7,,iii7 :o is        
designat$ by & s]v+ at ! pleasure ( !   
,presid5t4  7,c7 ,requirem5ts =         
non-gov]nm5t memb]s ,a memb] ( ! ,bo>d  
describ$ 9 subp>agraph 7,a77iii7-- 7i7  
may n be an (fic] or employee ( ! ,unit$
 ,/ates ,gov]nm5t2  7ii7 %all h relevant
 exp]i5ce1 :i* may include exp]i5ce     
relat+ to ! private sector1 int]national
 environm5t1 labor organizations1 or    
int]national developm5t1 to c>ry out !  
purposes ( ! ,corporation2  7iii7 %all  
be appo9t$ = a t]m ( #c ye>s & may be   
reappo9t$ = "o additional t]m2  7iv7    
%all s]ve until ! memb]'s successor is  
appo9t$ & confirm$2  7v7 %all be        
comp5sat$ at a rate equival5t to t (    
level ,,iv ( ! ,executive ,s*$ule "u    
section #ecae ( title #e1 ,unit$ ,/ates 
,code1 :5 engag$ 9 ! bus9ess ( !        
,corporation2 &  7vi7 may be paid p]    
diem 9 lieu ( subsi/5ce at ! applicable 

rate "u ! ,f$]al ,travel ,regulation "u 
subtitle ,f ( title #da1 ,code ( ,f$]al 
,regulations1 f "t to "t1 :ile away f ! 
home or usual place ( bus9ess ( ! memb]4
  7#c7 ,*airp]son ,!re %all be a        
,*airp]son ( ! ,bo>d designat$ by !     
,presid5t f among ! individuals describ$
 9 p>agraph 7#b77;,a74  7#d7 ,vice      
*airp]son ,! ,adm9i/rator ( ! ,unit$    
,/ates ,ag5cy = ,int]national           
,developm5t1 or ! designee ( !          
,adm9i/rator "u p>agraph                
7#b77;,b77i77,,ii71 %all s]ve z ! ,vice 
,*airp]son ( ! ,bo>d4  7#e7 ,quorum     
,five memb]s ( ! ,bo>d %all con/itute a 
quorum = ! transaction ( bus9ess by !   
,bo>d4  7c7 ,public he>+s  7#a7 ,public 
he>+s by ! bo>d ,! ,bo>d %all hold at   
lea/ "o public he>+ ea* ye> 9 ord] to   
af=d an opportunity = any p]son to      
pres5t views ) respect to :e!r--  7,a7 !
 ,corporation is c>ry+ out its          
activities 9 accordance ) ?is ,act2 &   
7,b7 any support provid$ by !           
,corporation "u title ,,ii 9 any c\ntry 

%\ld h be5 or %\ld be ext5d$4  7#b7     
,additional public he>+s ,9 conjunction 
) ea* meet+ ( ! ,bo>d1 ! ,corporation   
%all hold a public he>+ 9 ord] to af=d  
an opportunity = any p]son to pres5t    
views reg>d+ ! activities ( !           
,corporation4 ,su* views %all be made "p
 ( ! record4  7d7 ,*ief ,executive      
,(fic]  7#a7 ,appo9tm5t ,!re %all be 9 !
 ,corporation a ,*ief ,executive ,(fic]1
 :o %all be appo9t$ by ! ,presid5t1 by &
 ) ! advice & cons5t ( ! ,s5ate1 & :o   
%all s]ve at ! pleasure ( ! ,presid5t4  
7#b7 ,au?orities & duties ,! ,*ief      
,executive ,(fic] %all be responsible = 
! managem5t ( ! ,corporation & %all     
ex]cise ! p[]s & dis*>ge ! duties ( !   
,corporation subject to ! bylaws1 rules1
 regulations1 & proc$ures e/abli%$ by ! 
,bo>d4  7#c7 ,relation%ip to bo>d ,!    
,*ief ,executive ,(fic] %all report to &
 be "u ! direct au?ority ( ! ,bo>d4     
7#d7 ,comp5sation ,section #ecac ( title
 #e1 ,unit$ ,/ates ,code1 is am5d$ by   
add+ at ! end ! foll[+3  ,*ief          

,executive ,(fic]1 ,unit$ ,/ates        
,int]national ,developm5t ,f9ance       
,corporation4 4  7e7 ,deputy ,*ief      
,executive ,(fic] ,!re %all be 9 !      
,corporation a ,deputy ,*ief ,executive 
,(fic]1 :o %all be appo9t$ by !         
,presid5t1 by & ) ! advice & cons5t ( ! 
,s5ate1 & :o %all s]ve at ! pleasure ( !
 ,presid5t4  7f7 ,*ief ,risk ,(fic]     
7#a7 ,appo9tm5t ,subject to ! approval (
 ! ,bo>d1 ! ,*ief ,executive ,(fic] ( ! 
,corporation %all appo9t a ,*ief ,risk  
,(fic]1 f among individuals ) exp]i5ce  
at a s5ior level 9 f9ancial risk        
managem5t1 :o--  7,a7 %all report       
directly to ! ,bo>d2 &  7,b7 %all be    
removable only by a majority vote ( !   
,bo>d4  7#b7 ,duties ,! ,*ief ,risk     
,(fic] %all1 9 coord9ation ) ! audit    
committee ( ! ,bo>d e/abli%$ "u section 
#dja1 develop1 implem5t1 & manage a     
compreh5sive process = id5tify+1        
assess+1 monitor+1 & limit+ risks to !  
,corporation1 includ+ ! ov]all portfolio
 div]sification ( ! ,corporation4  7g7  

,*ief ,developm5t ,(fic]  7#a7          
,appo9tm5t ,subject to ! approval ( !   
,bo>d1 ! ,*ief ,executive ,(fic]1 9     
conjunction ) ! ,adm9i/rator ( ! ,unit$ 
,/ates ,ag5cy = ,int]national           
,developm5t1 %all appo9t a ,*ief        
,developm5t ,(fic]1 f among individuals 
) exp]i5ce 9 developm5t1 :o--  7,a7 %all
 report directly to ! ,bo>d2 &  7,b7    
%all be removable only by a majority    
vote ( ! ,bo>d4  7#b7 ,duties ,! ,*ief  
,developm5t ,(fic] %all-- 7,a7 coord9ate
 ! ,corporation's developm5t policies & 
implem5tation ef=ts ) ! ,unit$ ,/ates   
,ag5cy = ,int]national ,developm5t1 !   
,mill5nium ,*all5ge ,corporation1 & o!r 
relevant ,unit$ ,/ate ,gov]nm5t         
dep>tm5ts & ag5cies1 includ+ directly   
liais+ ) missions ( ! ,unit$ ,/ates     
,ag5cy = ,int]national ,developm5t1 to  
ensure t dep>tm5ts1 ag5cies1 & missions 
h tra9+1 aw>5ess1 & access to !         
,corporation's tools 9 relation to      
developm5t policy & projects 9 c\ntries2
  7,b7 "u ! guidance ( ! ,*ief          

,executive ,(fic]1 manage employees ( ! 
,corporation t are d$icat$ to /ructur+1 
monitor+ & evaluat+ transactions &      
projects co-design$ ) ! ,unit$ ,/ates   
,ag5cy = ,int]national ,developm5t & o!r
 relevant ,unit$ ,/ate ,gov]nm5t        
dep>tm5ts & ag5cies2  7,c7 au?orize &   
coord9ate transf]s ( funds or o!r       
res\rces to & f su* ag5cies1 dep>tm5ts1 
or missions ^u ! concurr5ce ( ^?        
in/itutions 9 support ( ! ,corporation's
 projects or activities2 &  7,d7        
coord9ate & implem5t ! activities ( !   
,corporation "u section #dje4  7h7      
,(fic]s & employees  7#a7 ,9 g5]al      
,except z o!rwise provid$ 9 ?is section1
 (fic]s1 employees1 & ag5ts %all be     
select$ & appo9t$ by ! ,corporation1 &  
%all be ve/$ ) su* p[]s & duties z !    
,corporation may det]m9e4  7#b7         
,adm9i/ratively det]m9$ employees  7,a7 
,appo9tm5t2 comp5sation2 removal ,(     
(fic]s & employees employ$ by !         
,corporation "u p>agraph 7#a71 n to     
exce$ #ej may be appo9t$1 comp5sat$1 or 

remov$ )\t reg>d to title #e1 ,unit$    
,/ates ,code4  7,b7 ,re9/atem5t ,"u su* 
regulations z ! ,presid5t may prescribe1
 (fic]s & employees appo9t$ to a        
position "u subp>agraph 7,a7 may be     
entitl$1 ^u removal f su* position      
7unless ! removal 0 = cause71 to        
re9/atem5t to ! position occupi$ at ! "t
 ( appo9tm5t or to a position (         
comp>able grade & sal>y4  7,c7          
,additional positions ,positions        
au?oriz$ by subp>agraph 7,a7 %all be 9  
addition to ^? o!rwise au?oriz$ by law1 
includ+ positions au?oriz$ "u section   
#eajh ( title #e1 ,unit$ ,/ates ,code4  
7,d7 ,rates ( pay = (fic]s & employees  
,! ,corporation may set & adju/ rates ( 
basic pay = (fic]s & employees appo9t$  
"u subp>agraph 7,a7 )\t reg>d to !      
provisions ( *apt] #ea or sub*apt] ,,iii
 ( *apt] #ec ( title #e1 ,unit$ ,/ates  
,code1 relat+ to classification (       
positions & ,g5]al ,s*$ule pay rates1   
respectively4  7#c7 ,liability (        
employees  7,a7 ,9 g5]al ,an individual 

:o is a memb] ( ! ,bo>d or an (fic] or  
employee ( ! ,corporation has no        
liability "u ?is ,act ) respect to any  
claim aris+ out ( or result+ f any act  
or omission by ! individual )9 ! scope (
 ! employm5t ( ! individual 9 connection
 ) any transaction by ! ,corporation4   
7,b7 ,rule ( con/ruction ,subp>agraph   
7,a7 %all n be con/ru$ to limit p]sonal 
liability ( an individual = crim9al acts
 or omissions1 willful or malici\s      
misconduct1 acts or omissions = private 
ga91 or any o!r acts or omissions       
outside ! scope ( ! individual's        
employm5t4  7,c7 ,sav+s provision ,?is  
p>agraph %all n be con/ru$-- 7i7 to     
affect--  7,i7 any o!r immunities &     
protections t may be available to an    
individual describ$ 9 subp>agraph 7,a7  
"u applicable law ) respect to a        
transaction describ$ 9 t subp>agraph2 or
  7,,ii7 any o!r "r or rem$y aga9/ !    
,corporation1 aga9/ ! ,unit$ ,/ates "u  
applicable law1 or aga9/ any p]son o!r  
?an an individual describ$ 9 subp>agraph

 7,a7 p>ticipat+ 9 su* a transaction2 or
  7ii7 to limit or alt] 9 any way !     
immunities t are available "u applicable
 law = ,f$]al (fic]s & employees n      
describ$ 9 ?is p>agraph4  #ajd4         
,inspector ,g5]al ( ! ,corporation ,!   
,presid5t %all appo9t & ma9ta9 an       
,inspector ,g5]al 9 ! ,corporation1 9   
accordance ) ! ,inspector ,g5]al ,act ( 
#aigh 7#e ,u4,s4,c4 ,app474  #aje4      
,indep5d5t acc\ntability me*anism  7a7  
,9 g5]al ,! ,bo>d %all e/abli% a        
transp>5t & indep5d5t acc\ntability     
me*anism4  7b7 ,functions ,! indep5d5t  
acc\ntability me*anism e/abli%$ pursuant
 to subsection 7a7 %all--  7#a7 annually
 evaluate & report to ! ,bo>d &         
,congress reg>d+ compliance )           
environm5tal1 social1 labor1 human      
rights1 & transp>5cy /&>ds1 consi/5t )  
,corporation /atutory m&ates2  7#b7     
provide a =um = resolv+ conc]ns reg>d+ !
 impacts ( specific                     
,corporation-support$ projects ) respect
 to su* /&>ds2 &  7#c7 provide advice   

reg>d+ ,corporation projects1 policies1 
& practices4  ,,ii ,au?orities  #bja4   
,au?orities relat+ to provision (       
support  7a7 ,9 g5]al ,! au?orities 9   
?is title %\ld only be ex]cis$ to--     
7#a7 c>ry out ( ! policy ( ! ,unit$     
,/ates 9 section #aja & ! purpose ( !   
,corporation 9 section #ajb2  7#b7      
mitigate risks to ,unit$ ,/ates taxpay]s
 by %>+ risks ) ! private sector &      
qualify+ sov]eign entities ?r\gh        
co-f9anc+ & /ructur+ ( tools2 &  7#c7   
ensure t support provid$ "u ?is title is
 additional to private sector res\rces  
by mobiliz+ private capital t w\ld      
o!rwise n be deploy$ )\t su* support4   
7b7 ,l5d+ & gu>anties  7#a7 ,9 g5]al ,! 
,corporation may make loans or gu>anties
 ^u su* t]ms & conditions z !           
,corporation may det]m9e4  7#b7         
,d5om9ation ,loans & gu>anties issu$ "u 
p>agraph 7#a7 may be d5om9at$ &         
repayable 9 ,unit$ ,/ates doll>s or     
=eign curr5cies4 ,=eign curr5cy d5om9at$
 loans & gu>anties %\ld only be provid$ 

if ! ,bo>d det]m9es !re is a sub/antive 
policy rationale = su* loans &          
gu>anties4  7#c7 ,applicability ( ,f$]al
 ,cr$it ,re=m ,act ( #aiij ,loans &     
gu>anties issu$ "u p>agraph 7#a7 %all be
 subject to ! requirem5ts ( ! ,f$]al    
,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 
#ffa et seq474  7c7 ,equity inve/m5ts   
7#a7 ,9 g5]al ,! ,corporation may1 z a  
m9ority inve/or1 support projects )     
funds or use o!r me*anisms = ! purpose (
 pur*as+1 & may make & fund commitm5ts  
to pur*ase1 inve/ 91 make pl$ges 9      
respect (1 or o!rwise acquire1 equity or
 quasi-equity securities or %>es or     
f9ancial int]e/s ( any entity1 includ+ z
 a limit$ p>tn] or o!r inve/or 9        
inve/m5t funds1 ^u su* t]ms & conditions
 z ! ,corporation may det]m9e4  7#b7    
,d5om9ation ,support provid$ "u p>agraph
 7#a7 may be d5om9at$ & repayable 9     
,unit$ ,/ates doll>s or =eign curr5cy4  
,=eign curr5cy d5om9at$ support provid$ 
by p>agraph 7#a7 %\ld only be provid$ if
 ! ,bo>d det]m9es !re is a sub/antive   

policy rationale = su* support4  7#c7   
,guidel9es & crit]ia ,! ,corporation    
%all develop guidel9es & crit]ia to     
require t ! use ( ! au?ority provid$ by 
p>agraph 7#a7 ) respect to a project has
 a cle>ly def9$ developm5t & =eign      
policy rationale1 tak+ into acc\nt !    
foll[+ objectives3  7,a7 ,! support = ! 
project w\ld be m likely ?an n to       
sub/antially r$uce or ov]come ! effect (
 an id5tifi$ m>ket failure 9 ! c\ntry 9 
:i* ! project is c>ri$ out4  7,b7 ,!    
project w\ld n h proce$$ or w\ld h be5  
sub/antially delay$ )\t ! support4  7,c7
 ,! support w mean+fully contribute to  
trans=m+ local conditions to promote !  
developm5t ( m>kets4  7,d7 ,! support c 
be %[n to be align$ ) comm]cial p>tn]   
inc5tives4  7,e7 ,! support c be %[n to 
h significant developm5tal impact & w   
contribute to long-t]m comm]cial        
su/a9ability4  7,f7 ,! support fur!rs ! 
policy ( ! ,unit$ ,/ates describ$ 9     
section #aja4  7#d7 ,limitations on     
equity inve/m5ts  7,a7 ,p] project limit

 ,! aggregate am\nt ( support provid$ "u
 ?is subsection ) respect to any project
 %all n exce$ #cj p]c5t ( ! aggregate   
am\nt ( all equity inve/m5t made f any  
s\rce to ! project at ! "t t !          
,corporation approves support ( !       
project4  7,b7 ,total limit ,support    
provid$ pursuant to ?is subsection %all 
be limit$ to n m ?an #ce p]c5t ( !      
,corporation's aggregate exposure on !  
date t su* support is provid$4  7#e7    
,sales & liquidation ( position ,!      
,corporation %all seek to sell &        
liquidate any support = a project       
provid$ "u ?is subsection z soon z      
comm]cially feasible1 comm5surate ) o!r 
simil> inve/ors 9 ! project & tak+ into 
consid]ation ! national security int]e/s
 ( ! ,unit$ ,/ates4  7#f7 ,timetable ,! 
,corporation %all create a              
project-specific timetable = support    
provid$ "u p>agraph 7#a74  7d7          
,insurance & re9surance ,! ,corporation 
may issue insurance or re9surance1 ^u   
su* t]ms & conditions z ! ,corporation  

may det]m9e1 to private sector entities 
& qualify+ sov]eign entities assur+     
protection ( _! inve/m5ts 9 :ole or 9 "p
 aga9/ any or all political risks su* z 
curr5cy inconv]tibility & transf]       
re/rictions1 expropriation1 w>1         
t]rorism1 & civil di/urbance1 brea* (   
contract1 or non-honor+ ( f9ancial      
obligations4  7e7 ,promotion ( & support
 = private inve/m5t opportunities  7#a7 
,9 g5]al ,9 ord] to c>ry out ! purposes 
( ! ,corporation describ$ 9 section     
#ajb7;b71 ! ,corporation may initiate & 
support1 ?r\gh f9ancial p>ticipation1   
inc5tive grant1 or o!rwise1 & on su*    
t]ms & conditions z ! ,corporation may  
det]m9e1 feasibility /udies = ! plann+1 
developm5t1 & managem5t (1 & procurem5t 
=1 pot5tial bilat]al & multilat]al      
developm5t projects eligible = support  
"u ?is title1 includ+ tra9+ activities  
und]tak5 9 connection ) su* projects1 = 
! purpose ( promot+ inve/m5t 9 su*      
projects & ! id5tification1 assessm5t1  
survey+1 & promotion ( private inve/m5t 

opportunities1 utiliz+ :]ev] feasible & 
effective1 ! facilities ( private       
inve/ors4  7#b7 ,contributions to co/s  
,! ,corporation %all1 to ! maximum ext5t
 practicable1 require any p]son receiv+ 
funds "u ! au?orities ( ?is subsection  
to--  7,a7 %>e ! co/s ( feasibility     
/udies & o!r project plann+ s]vices     
fund$ "u ?is subsection2 &  7,b7        
reimburse ! ,corporation ^? funds       
provid$ "u ?is section1 if ! p]son      
succe$s 9 project implem5tation4  7f7   
,special projects & programs ,!         
,corporation may adm9i/] & manage       
special projects & programs 9 support ( 
specific transactions und]tak5 by !     
,corporation1 includ+ programs (        
f9ancial & advisory support t provide   
private te*nical1 pr(essional1 or       
manag]ial assi/ance 9 ! developm5t (    
human res\rces1 skills1 te*nology1      
capital sav+s1 & int]m$iate f9ancial &  
inve/m5t in/itutions & coop]atives &    
includ+ ! initiation ( inc5tives1       
grants1 & /udies = r5ewable en]gy1      

micro5t]prise h\seholds1 wom5's economic
 emp[]m5t1 micro5t]prise h\seholds1 &   
o!r small bus9ess activities4  7g7      
,ent]prise funds  7#a7 ,9 g5]al ,!      
,corporation may1 foll[+ consultation ) 
! ,secret>y ( ,/ate1 ! ,adm9i/rator ( ! 
,unit$ ,/ates ,ag5cy = ,int]national    
,developm5t1 & ! heads ( o!r relevant   
dep>tm5ts or ag5cies1 e/abli% & op]ate  
ent]prise funds 9 accordance ) ?is      
subsection4  7#b7 ,proc$ures &          
requirem5ts ,! provisions ( section #bja
 ( ! ,support = ,ea/ ,european          
,democracy 7,,se$7 ,act ( #aihi 7#bb    
,u4,s4,c4 #edba7 7o!r ?an ! provisions (
 subsections 7a71 7b71 7c71 7d77#a71    
7d77#c71 7e71 7f71 & 7j7 ( t section71  
%all be deem$ to apply ) respect to any 
ent]prise fund e/abli%$ by !            
,corporation "u ?is subsection & to     
funds made available to any su*         
ent]prise fund 9 ! same mann] & to !    
same ext5t z su* provisions apply )     
respect to ent]prise funds e/abli%$     
pursuant to su* section #bja or to funds

 made available to ent]prise funds      
e/abli%$ "u t section4  7#c7 ,purposes =
 :i* support may be provid$ ,!          
,corporation1 subject to ! approval ( ! 
,bo>d1 may designate private1 nonpr(it  
organizations z eligible to receive     
support "u ?is subsection = ! foll[+    
purposes3  7,a7 ,to promote developm5t (
 economic fre$om & private sectors1     
includ+ small- & m$ium-siz$ ent]prises &
 jo9t v5tures ) ! ,unit$ ,/ates & ho/   
c\ntry p>ticipants4  7,b7 ,to facilitate
 access to ! cr$it to small- &          
m$ium-siz$ ent]prises ) s\nd bus9ess    
plans 9 c\ntries :]e !re is limit$ means
 ( access+ cr$it on m>ket t]ms4  7,c7   
,to promote policies & practices        
conducive to economic fre$om & private  
sector developm5t4  7,d7 ,to attract    
=eign direct inve/m5t capital to fur!r  
promote private sector developm5t &     
economic fre$om4  7,e7 ,to complem5t !  
"w ( ! ,unit$ ,/ates ,ag5cy =           
,int]national ,developm5t & o!r donors  
to improve ! ov]all bus9ess-enabl+      

environm5t1 f9anc+ ! creation &         
expansion ( ! private bus9ess sector4   
7,f7 ,to make f9ancially su/a9able      
inve/m5ts design$ to g5]ate measurable  
social b5efits & build te*nical capacity
 9 addition to f9ancial returns4  7#d7  
,op]ation ( funds  7,a7 ,exp5ditures    
,funds made available to an ent]prise   
fund %all be exp5d$ at ! m9imum rate    
necess>y to make timely paym5ts =       
projects & activities c>ri$ out "u ?is  
subsection4  7,b7 ,adm9i/rative exp5ses 
,n m ?an #c p]c5t ( ! funds made        
available to an ent]prise fund may be   
obligat$ or exp5d$ = ! adm9i/rative     
exp5ses ( ! ent]prise fund4  7#e7 ,bo>d 
( directors ,ea* ent]prise fund e/abli%$
 "u ?is subsection %\ld be gov]n$ by a  
,bo>d ( ,directors compris$ ( private   
citiz5s ( ! ,unit$ ,/ates or ! ho/      
c\ntry1 :o--  7,a7 %all be appo9t$ by ! 
,presid5t aft] consultation ) ! *airm5 &
 rank+ memb]s ( ! appropriate           
congressional committees2 &  7,b7 h     
pursu$ c>e]s 9 int]national bus9ess & h 

demon/rat$ exp]tise 9 int]national &    
em]g+ m>ket inve/m5t activities4  7#f7  
,majority memb] requirem5t ,! majority (
 ! memb]s ( ! ,bo>d ( ,directors %all be
 ,unit$ ,/ates citiz5s :o %all h        
relevant exp]i5ce relat+ to ! purposes  
describ$ 9 p>agraph 7#c74  7#g7 ,reports
 ,n lat] ?an "o ye> aft] ! date ( !     
e/abli%m5t ( an ent]prise fund "u ?is   
subsection1 & annually !reaft] until !  
ent]prise fund t]m9ates 9 accordance )  
p>agraph 7#aj71 ! ,bo>d ( ,directors ( !
 ent]prise fund %all--  7,a7 submit to !
 appropriate congressional committees a 
report-- 7i7 detail+ ! adm9i/rative     
exp5ses ( ! ent]prise fund dur+ ! ye>   
prec$+ ! submission ( ! report2  7ii7   
describ+ ! op]ations1 activities1       
engagem5t ) civil society & relevant    
local private sector entities1          
developm5t objectives & outcomes1       
f9ancial condition1 & accompli%m5ts ( ! 
ent]prise fund dur+ t ye>2  7iii7       
describ+ ! results ( ! audit conduct$ "u
 p>agraph 7#h7 dur+ t ye>2 &  7iv7      

describ+ h[ audits conduct$ "u p>agraph 
7#h7 are in=m+ ! op]ations & activities 
( ! ent]prise fund2 &  7,b7 publi%1 on a
 publicly available int]net website ( ! 
ent]prise fund1 ea* report requir$ by   
subp>agraph 7,a74  7#h7 ,ov]sight  7,a7 
,inspector g5]al p]=mance audits  7i7 ,9
 g5]al ,! ,inspector ,g5]al ( !         
,corporation %all conduct p]iodic audits
 ( ! activities ( ea* ent]prise fund    
e/abli%$ "u ?is subsection4  7ii7       
,consid]ation ,9 conduct+ an audit "u   
clause 7i71 ! ,inspector ,g5]al %all    
assess :e!r ! activities ( ! ent]prise  
fund--  7,i7 support ! purposes describ$
 9 p>agraph 7#c72  7,,ii7 result 9      
pr(itable private sector inve/+2 &      
7,,iii7 g5]ate measurable social        
b5efits4  7,b7 ,recordkeep+ requirem5ts 
,! ,corporation %all ensure t ea*       
ent]prise fund receiv+ support "u ?is   
subsection--  7i7 keeps sep>ate acc\nts 
) respect to su* support2 &  7ii7       
ma9ta9s su* records z may be reasonably 
necess>y to facilitate effective audits 

"u ?is p>agraph4  7#i7 ,return ( funds  
to ,treasury ,any funds result+ f any   
liquidation1 dissolution1 or w9d+ up (  
an ent]prise fund1 9 :ole or 9 "p1 %all 
be return$ to ! ,treasury ( ! ,unit$    
,/ates4  7#aj7 ,t]m9ation ,! au?ority ( 
an ent]prise fund to provide support "u 
?is subsection %all t]m9ate on ! e>li]  
(--  7,a7 ! date t is #g ye>s aft] !    
date ( ! fir/ exp5diture ( am\nts f !   
ent]prise fund2 or  7,b7 ! date on :i* !
 ent]prise fund is liquidat$4  7h7      
,sup]vision ( support ,support provid$  
"u ?is title %all be subject to section 
#fbb7;c7 ( ! ,=eign ,assi/ance ,act (   
#aifa 7#bb ,u4,s4,c4 #bchb7;c774  #bjb4 
,t]ms & conditions  7a7 ,9 g5]al ,except
 z provid$ 9 subsection 7b71 support    
provid$ by ! ,corporation "u ?is title  
%all be on su* t]ms & conditions z !    
,corporation may prescribe4  7b7        
,requirem5ts ,! foll[+ requirem5ts apply
 to support provid$ by ! ,corporation "u
 ?is title3 7#a7 ,! ,corporation %all   
provide support us+ au?orities "u ?is   

title only if x is necess>y--  7,a7 to  
alleviate a cr$it m>ket imp]fection2 or 
7,b7 to a*ieve specifi$ developm5t or   
=eign policy objectives ( ! ,unit$      
,/ates ,gov]nm5t by provid+ support 9 ! 
mo/ effici5t way to meet ^? objectives  
on a case-by-case basis4  7#b7 ,! f9al  
maturity ( a loan made or gu>ante$ by ! 
,corporation %all n exce$ ! less] (--   
7,a7 #be ye>s2 or  7,b7 debt s]vic+     
capabilities ( ! project to be f9anc$ by
 ! loan 7z det]m9$ by ! ,corporation74  
7#c7 ,! ,corporation %all1 ) respect to 
provid+ any loan gu>anty to a project1  
require ! p>ties to ! project to be> !  
risk ( loss 9 an am\nt equal to at lea/ 
#bj p]c5t ( ! gu>ante$ support by !     
,corporation 9 ! project4  7#d7 ,!      
,corporation may n make or gu>antee a   
loan unless ! ,corporation det]m9es t ! 
borr[] or l5d] is responsible & t       
adequate provision is made = s]vic+ !   
loan on reasonable t]ms & protect+ !    
f9ancial int]e/ ( ! ,unit$ ,/ates4  7#e7
 ,! int]e/ rate = direct loans & int]e/ 

supplem5ts on gu>ante$ loans %all be set
 by ref]5ce to a b5*m>k int]e/ rate     
7yield7 on m>ketable ,treasury          
securities or o!r widely recogniz$ or   
appropriate b5*m>ks ) a simil> maturity 
to ! loans be+ made or gu>ante$1 z      
det]m9$ 9 consultation ) ! ,director ( !
 ,(fice ( ,managem5t & ,budget & !      
,secret>y ( ! ,treasury4 ,! ,corporation
 %all e/abli% appropriate m9imum int]e/ 
rates = loans1 gu>anties1 & o!r         
in/rum5ts z necess>y4  7#f7 ,! m9imum   
int]e/ rate = new loans z e/abli%$ by ! 
,corporation %all be adju/$ p]iodically 
to take acc\nt ( *anges 9 ! int]e/ rate 
( ! b5*m>k f9ancial in/rum5t4  7#g7     
7,a7 ,! ,corporation %all set fees or   
premiums = support provid$ "u ?is title 
at levels t m9imize ! co/ to ! ,gov]nm5t
 :ile support+ a*ievem5t ( ! objectives 
( support4  7,b7 ,! ,corporation %all   
review fees = loan gu>anties p]iodically
 to ensure t ! fees assess$ on new loan 
gu>anties are at a level suffici5t to   
cov] ! ,corporation's mo/ rec5t e/imates

 ( its co/s4  7#h7 ,any loan gu>anty    
provid$ by ! ,corporation %all be       
conclusive evid5ce t-- 7,a7 ! gu>anty   
has be5 prop]ly obta9$2  7,b7 ! loan    
qualifi$ = ! gu>anty2 &  7,c7 b = fraud 
or mat]ial misrepres5tation by ! hold] (
 ! gu>anty1 ! gu>anty is presum$ to be  
valid1 legal1 & en=ceable4  7#i7 ,!     
,corporation %all prescribe explicit    
/&>ds = use 9 p]iodically assess+ !     
cr$it risk ( new & exi/+ direct loans or
 gu>ante$ loans4  7#aj7 ,! ,corporation 
may n make loans or loan gu>anties      
except to ! ext5t t budget au?ority to  
cov] ! co/s ( ! loans or gu>anties is   
provid$ 9 advance 9 an appropriations   
,act1 z requir$ by section #ejd ( !     
,f$]al ,cr$it ,re=m ,act ( #aiij 7#b    
,u4,s4,c4 #ffa;c74  7#aa7 ,!            
,corporation %all rely ^u specific /&>ds
 to assess ! developm5tal & /rategic    
value ( projects = :i* x provides       
support & %\ld only provide ! m9imum    
level ( support necess>y 9 ord] to      
support su* projects4  7#ab7 ,any loan  

or loan gu>anty made by ! ,corporation  
%\ld be provid$ on a s5ior basis or p>i 
passu ) o!r s5ior debt unless !re is a  
sub/antive policy rationale to provide  
su* support o!rwise4  #bjc4 ,paym5t (   
losses  7a7 ,paym5ts = defaults on      
gu>ante$ loans  7#a7 ,9 g5]al ,if !     
,corporation det]m9es t ! hold] ( a loan
 gu>ante$ by ! ,corporation suff]s a    
loss z a result ( a default by a borr[] 
on ! loan1 ! ,corporation %all pay to ! 
hold] ! p]c5t ( ! loss1 z specifi$ 9 !  
gu>anty contract aft] ! hold] ( ! loan  
has made su* fur!r collection ef=ts &   
in/itut$ su* en=cem5t proce$+s z !      
,corporation may require4  7#b7         
,subrogation ,^u mak+ a paym5t describ$ 
9 p>agraph 7#a71 ! ,corporation %all    
ensure ! ,corporation w be subrogat$ to 
all ! rights ( ! recipi5t ( ! paym5t4   
7#c7 ,recov]y ef=ts ,! ,corporation %all
 pursue recov]y f ! borr[] ( ! am\nt (  
any paym5t made "u p>agraph 7#a7 )      
respect to ! loan4  7b7 ,limitation on  
paym5ts  7#a7 ,9 g5]al ,except z provid$

 by p>agraph 7#b71 comp5sation =        
insurance1 re9surance1 or a gu>anty     
issu$ "u ?is title %all n exce$ ! doll> 
value ( ! tangible or intangible        
contributions or commitm5ts made 9 !    
project1 plus int]e/1 e>n+s1 or pr(its  
actually accru$ on su* contributions or 
commitm5ts1 to ! ext5t provid$ by su*   
insurance1 re9surance1 or gu>anty4  7#b7
 ,exception  7,a7 ,9 g5]al ,!           
,corporation may provide t-- 7i7        
appropriate adju/m5ts 9 ! insur$ doll>  
value be made to reflect ! replacem5t   
co/ ( project assets2 &  7ii7           
comp5sation = a claim ( loss "u         
insurance ( an equity inve/m5t "u       
section #bja7;b7 may be comput$ on !    
basis ( ! net book value attributable to
 ! equity inve/m5t on ! date ( loss4    
7#c7 ,additional limitation  7,a7 ,9    
g5]al ,not)/&+ p>agraph 7#b77;,a77ii7 & 
except z provid$ 9 subp>agraph 7,b71 !  
,corporation %all limit ! am\nt ( direct
 insurance & re9surance issu$ "u section
 #bja ) respect to a project s z to     

require t ! insur$ & its affiliates be> 
! risk ( loss = at lea/ #aj p]c5t ( !   
am\nt ( ! ,corporation's exposure to t  
insur$ & its affiliates 9 ! project4    
7,b7 ,exception ,! limitation "u        
subp>agraph 7,a7 %all n apply to direct 
insurance or re9surance ( loans provid$ 
by banks or o!r f9ancial in/itutions to 
unrelat$ p>ties4  7c7 ,actions by       
,attorney ,g5]al ,! ,attorney ,g5]al    
%all take su* action z may be           
appropriate to en=ce any "r accru+ to ! 
,unit$ ,/ates z a result ( ! issuance ( 
any loan or gu>anty "u ?is title4  7d7  
,rule ( con/ruction ,no?+ 9 ?is section 
%all be con/ru$ to preclude any =be>ance
 = ! b5efit ( a borr[] t may be agre$ ^u
 by ! p>ties to a loan gu>ante$ by !    
,corporation if budget au?ority = any   
result+ co/s to ! ,unit$ ,/ates         
,gov]nm5t 7z def9$ 9 section #ejb ( !   
,f$]al ,cr$it ,re=m ,act ( #aiij 7#b    
,u4,s4,c4 #ffa;a77 is available4  #bjd4 
,t]m9ation  7a7 ,9 g5]al ,! au?orities  
provid$ "u ?is title t]m9ate on ! date t

 is #g ye>s aft] ! date ( ! enactm5t (  
?is ,act4  7b7 ,t]m9ation ( ,corporation
 ,! ,corporation %all t]m9ate on ! date 
on :i* ! portfolio ( ! ,corporation is  
liquidat$4  ,,iii ,adm9i/rative & g5]al 
provisions  #cja4 ,op]ations  7a7       
,bilat]al agreem5ts ,! ,corporation may 
provide support "u title ,,ii 9         
connection ) projects 9 any c\ntry !    
gov]nm5t ( :i* has ent]$ into an        
agreem5t ) ! ,unit$ ,/ates au?oriz+ !   
,corporation to provide su* support 9 t 
c\ntry4  7b7 ,claims settlem5t  7#a7 ,9 
g5]al ,claims aris+ z a result ( support
 provid$ "u title ,,ii or "u pr$ecessor 
au?ority may be settl$1 & disputes aris+
 z a result !re( may be arbitrat$ ) !   
cons5t ( ! p>ties1 on su* t]ms &        
conditions z ! ,corporation may det]m9e4
  7#b7 ,settlem5ts conclusive ,paym5t   
made pursuant to any settlem5t pursuant 
to p>agraph 7#a71 or z a result ( an    
arbitration aw>d1 %all be f9al &        
conclusive not)/&+ any o!r provision (  
law4  7c7 ,presumption ( compliance ,ea*

 contract execut$ by su* (fic] or (fic]s
 z may be designat$ by ! ,bo>d %all be  
conclusively presum$ to be issu$ 9      
compliance ) ! requirem5ts ( ?is ,act4  
7d7 ,electronic ,paym5ts & ,docum5ts ,! 
,corporation %all implem5t policies to  
accept electronic docum5ts & electronic 
paym5ts 9 all ( its programs4  #cjb4    
,corporate p[]s  7a7 ,9 g5]al ,!        
,corporation-- 7#a7 may adopt1 alt]1 &  
use a seal1 to include an id5tifiable   
symbol ( ! ,unit$ ,/ates2  7#b7 may make
 & p]=m su* contracts1 includ+ no-co/   
contracts 7z def9$ by ! ,corporation71  
grants1 & o!r agreem5ts not)/&+ division
 ,c ( subtitle ,i ( title #da1 ,unit$   
,/ates ,code1 ) any p]son or gov]nm5t   
h[ev] designat$ & :]ev] situat$1 z may  
be necess>y = c>ry+ out ! functions ( ! 
,corporation2  7#c7 may lease1 pur*ase1 
or o!rwise acquire1 improve1 & use su*  
real prop]ty :]ev] situat$1 z may be    
necess>y = c>ry+ out ! functions ( !    
,corporation2  7#d7 may accept ca% gifts
 or donations ( s]vices or ( prop]ty    

7real1 p]sonal1 or mix$71 tangible or   
intangible1 = ! purpose ( c>ry+ out !   
functions ( ! ,corporation2  7#e7 may   
use ! ,unit$ ,/ates mails 9 ! same mann]
 & on ! same conditions z ! ,executive  
dep>tm5ts 7z def9$ 9 section #aja (     
title #e1 ,unit$ ,/ates ,code72  7#f7   
may contract ) individuals = p]sonal    
s]vices1 :o %all n be consid]$ ,f$]al   
employees = any provision ( law adm9i/]$
 by ! ,director ( ! ,(fice ( ,p]sonnel  
,managem5t2  7#g7 may hire or obta9     
pass5g] motor vehicles2  7#h7 may sue & 
be su$ 9 its corporate "n2  7#i7 may    
acquire1 hold1 or dispose (1 ^u su* t]ms
 & conditions z ! ,corporation may      
det]m9e1 any prop]ty1 real1 p]sonal1 or 
mix$1 tangible or intangible1 or any    
int]e/ 9 su* prop]ty2  7#aj7 may lease  
(fice space = ! ,corporation's own use1 
! obligation ( am\nts = su* lease is    
limit$ to ! curr5t fiscal ye> = :i*     
paym5ts are due until ! expiration ( !  
curr5t lease ( ! pr$ecessor au?ority1 z 
( ! day be=e ! date ( ! enactm5t ( ?is  

,act2  7#aa7 may indemnify directors1   
(fic]s1 employees1 & ag5ts ( !          
,corporation = liabilities & exp5ses    
incurr$ 9 connection ) _! activities on 
behalf ( ! ,corporation2  7#ab7 not)/&+ 
any o!r provision ( law1 may repres5t   
itself or contract = repres5tation 9 all
 legal & arbitral proce$+s2  7#ac7 may  
ex]cise any priority ( ! ,gov]nm5t ( !  
,unit$ ,/ates 9 collect+ debts f        
bankrupt1 insolv5t1 or dec$5ts' e/ates2 
7#ad7 may collect1 not)/&+ section      
#cgaa7;g77#a7 ( title #ca1 ,unit$ ,/ates
 ,code1 or compromise any obligations   
assign$ to or held by ! ,corporation1   
includ+ any legal or equitable rights   
accru+ to ! ,corporation2  7#ae7 may    
make arrangem5ts ) =eign gov]nm5ts      
7includ+ ag5cies1 in/rum5talities1 or   
political subdivisions ( su* gov]nm5ts7 
or ) multilat]al organizations or       
in/itutions = %>+ liabilities2  7#af7   
may sell direct inve/m5ts ( !           
,corporation to private inve/ors ^u su* 
t]ms & conditions z ! ,corporation may  

det]m9e2 &  7#ag7 %all h su* o!r p[]s z 
may be necess>y & incid5t to c>ry+ out !
 functions ( ! ,corporation4  7b7       
,treatm5t ( prop]ty ,not)/&+ any o!r    
provision ( law relat+ to ! acquisition1
 h&l+1 or disposal ( prop]ty by ! ,unit$
 ,/ates1 ! ,corporation %all h ! "r 9   
its discretion to complete1 recondition1
 recon/ruct1 r5ovate1 repair1 ma9ta91   
op]ate1 or sell any prop]ty acquir$ by !
 ,corporation pursuant to ! provisions (
 ?is ,act4  #cjc4 ,maximum cont+5t      
liability  7a7 ,9 g5]al ,! maximum      
cont+5t liability ( ! ,corporation      
out/&+ at any "o "t %all n exce$ 9 !    
aggregate ! am\nt specifi$ 9 subsection 
7b74  7b7 ,am\nt specifi$  7#a7 ,initial
 #e-ye> p]iod ,! am\nt specifi$ 9 ?is   
subsection = ! #e-ye> p]iod beg9n+ on ! 
date ( ! enactm5t ( ?is ,act1 is        
#fj1jjj1jjj1jjj4  7#b7 ,subsequ5t #e-ye>
 p]iods ,n lat] ?an #e ye>s aft] ! date 
( ! enactm5t ( ?is ,act1 & n less       
frequ5tly ?an e #e ye>s !reaft]1 ! am\nt
 specifi$ 9 p>agraph 7#a7 %all be adju/$

 to reflect ! p]c5tage ( ! increase 7if 
any7 9 ! av]age ( ! ,consum] ,price     
,index dur+ ! prec$+ #e-ye> p]iod4  7#c7
 ,consum] price index def9$ ,9 ?is      
subsection1 ! t]m ,consum] ,price ,index
 means ! mo/ rec5t ,consum] ,price      
,index = ,all ,urban ,consum]s publi%$  
by ! ,bureau ( ,labor ,/ati/ics ( !     
,dep>tm5t ( ,labor4  #cjd4 ,corporate   
funds  7a7 ,corporate capital acc\nt    
,!re is e/abli%$ 9 ! ,treasury ( !      
,unit$ ,/ates a fund to be kn[n z !     
,corporate ,capital ,acc\nt to c>ry out 
! purposes ( ! ,corporation4  7b7 ,fund+
 ,! ,corporate ,capital ,acc\nt %all    
consi/ (--  7#a7 fees *>g$ & collect$   
pursuant to subsection 7c72  7#b7 any   
am\nts receiv$ pursuant to subsection   
7e72  7#c7 inve/m5ts & returns on su*   
inve/m5ts pursuant to subsection 7g72   
7#d7 unexp5d$ balances transf]r$ to !   
,corporation pursuant to subsection 7h72
  7#e7 paym5ts receiv$ 9 connection )   
settlem5ts ( all insurance & re9surance 
claims ( ! ,corporation2 &  7#f7 all o!r

 collections transf]r$ to or e>n$ by !  
,corporation1 exclud+ ! co/1 z def9$ 9  
section #ejb ( ! ,f$]al ,cr$it ,re=m    
,act ( #aiij1 ( loans & loan gu>anties4 
7c7 ,collections ,fees may be *>g$ &    
collect$ = provid+ s]vices 9 am\nts to  
be det]m9$ by ! ,corporation z provid$ 9
 advance 9 appropriations ,acts4  7d7   
,uses  7#a7 ,9 g5]al ,subject to ,acts  
mak+ appropriations1 ! ,corporation is  
au?oriz$ to pay-- 7,a7 ! co/1 z def9$ 9 
section #ejb ( ! ,f$]al ,cr$it ,re=m    
,act ( #aiij1 ( loans & loan gu>anties2 
7,b7 adm9i/rative exp5ses ( !           
,corporation2 &  7,c7 = ! co/ ( provid+ 
support au?oriz$ by subsections 7c71    
7e71 7f71 & 7g7 ( section #bja4  7#b7   
,income & rev5ue ,9 ord] to c>ry out !  
purposes ( ! ,corporation1 all          
collections transf]r$ to or e>n$ by !   
,corporation1 exclud+ ! co/1 z def9$ 9  
section #ejb ( ! ,f$]al ,cr$it ,re=m    
,act ( #aiij1 ( loans & loan gu>anties1 
%all be deposit$ into ! ,corporate      
,capital ,acc\nt & %all be available to 

c>ry out its purpose1 includ+ )\t       
limitation--  7,a7 paym5t ( all         
insurance & re9surance claims ( !       
,corporation2  7,b7 repaym5ts to !      
,treasury ( am\nts borr[$ "u subsection 
7e72  7,c7 divid5d paym5ts to !         
,treasury "u subsection 7f72 &  7,d7    
project-specific transaction co/s4  7e7 
,full fai? & cr$it  7#a7 ,9 g5]al ,all  
support provid$ pursuant to pr$ecessor  
au?orities or title ,,ii %all cont9ue to
 con/itute obligations ( ! ,unit$       
,/ates1 & ! full fai? & cr$it ( ! ,unit$
 ,/ates is h]eby pl$g$ = ! full paym5t &
 p]=mance ( su* obligations4  7#b7      
,au?ority to borr[ ,! ,corporation is   
au?oriz$ to borr[ f ! ,treasury su* sums
 z may be necess>y to fulfill su*       
obligations ( ! ,unit$ ,/ates & any su* 
borr[+ %all be at a rate det]m9$ by !   
,secret>y ( ! ,treasury1 tak+ into      
consid]ation ! curr5t av]age m>ket      
yields on out/&+ m>ketable obligations (
 ! ,unit$ ,/ates ( comp>able maturities1
 = a p]iod jo9tly det]m9$ by !          

,corporation & ! ,secret>y1 & subject to
 su* t]ms & conditions z ! ,secret>y may
 require4  7f7 ,divid5ds ,! ,bo>d1 9    
consultation ) ! ,director ( ! ,(fice ( 
,managem5t & ,budget1 %all annually     
assess a divid5d paym5t to ! ,treasury  
if ! ,corporation's insurance portfolio 
is m ?an #ajj p]c5t res]v$4  7g7        
,inve/m5t au?ority  7#a7 ,9 g5]al ,!    
,corporation may reque/ ! ,secret>y ( ! 
,treasury to inve/ su* portion ( !      
,corporate ,capital ,acc\nt z is n1 9 ! 
,corporation's judgem5t1 requir$ to meet
 ! curr5t ne$s ( ! ,corporate ,capital  
,acc\nt4  7#b7 ,=m ( inve/m5ts ,su*     
inve/m5ts %all be made by ! ,secret>y ( 
! ,treasury 9 public debt obligations1 )
 maturities suitable to ! ne$s ( !      
,corporate ,capital ,acc\nt1 z det]m9$  
by ! ,corporation1 & be>+ int]e/ at     
rates det]m9$ by ! ,secret>y1 tak+ into 
consid]ation curr5t m>ket yields on     
out/&+ m>ketable obligations ( ! ,unit$ 
,/ates ( comp>able maturities4  7h7     
,transf] f pr$ecessor ag5cies & programs

 ,by ! date end ( ! transition p]iod    
describ$ 9 title ,,vi1 ! unexp5d$       
balances1 assets1 & responsibilities (  
any ag5cy specifi$ 9 ! plan requir$ by  
section #fjb %all be transf]r$ to !     
,corporation4  7i7 ,transf] ( funds ,9  
ord] to c>ry out ?is ,act1 funds        
au?oriz$ to be appropriat$ to c>ry out !
 ,=eign ,assi/ance ,act ( #aifa may be  
transf]r$ to ! ,corporation & funds     
au?oriz$ appropriat$ to ! ,corporation  
may be transf]r$ to ! ,dep>tm5t ( ,/ate 
& ! ,unit$ ,/ates ,ag5cy = ,int]national
 ,developm5t4  7j7 ,def9ition ,9 ?is    
section1 ! t]m project-specific         
transaction co/s-- 7#a7 means ^? co/s   
incurr$ by ! ,corporation = travel1     
legal exp5ses1 & direct & indirect co/s 
incurr$ 9 claims settlem5ts associat$ ) 
! provision ( support "u title ,,ii &   
%all n be consid]$ adm9i/rative exp5ses 
= ! purposes ( ?is section2 &  7#b7 does
 n include in=mation te*nology 7z su*   
t]m is def9$ 9 section #aaaja ( title   
#dj1 ,unit$ ,/ates ,code74  #cje4       

,coord9ation ) o!r developm5t ag5cies ,x
 is ! s5se ( ,congress t ! ,corporation 
%\ld use relevant data ( ! ,dep>tm5t (  
,/ate1 ,mill5nium ,*all5ge ,corporation1
 ,unit$ ,/ates ,ag5cy = ,int]national   
,developm5t1 & o!r dep>tm5ts & ag5cies t
 h developm5t functions to bett] in=m ! 
decisions ( ! ,corporation ) respect to 
provid+ support "u title ,,ii4  ,,iv    
,monitor+1 evaluation1 & report+  #dja4 
,e/abli%m5t ( risk & audit committees   
7a7 ,9 g5]al ,to assi/ ! ,bo>d to       
fulfill its duties & responsibilities "u
 section #bja7;a71 ! ,corporation %all  
e/abli% a risk committee & an audit     
committee4  7b7 ,duties &               
responsibilities ( risk committee       
,subject to ! direction ( ! ,bo>d1 !    
risk committee e/abli%$ "u subsection   
7a7 %all h ov]sight responsibility (--  
7#a7 =mulat+ risk managem5t policies ( !
 op]ations ( ! ,corporation2  7#b7      
review+ & provid+ guidance on op]ation (
 ! ,corporation's global risk managem5t 
framework2  7#c7 develop+ policies =    

ent]prise risk managem5t1 monitor+1 &   
managem5t ( /rategic1 reputational1     
regulatory1 op]ational1 developm5tal1   
environm5tal1 social1 & f9ancial risks2 
7#d7 develop+ ! risk pr(ile ( !         
,corporation1 includ+ a risk managem5t &
 compliance framework & gov]nance       
/ructure to support su* framework2 &    
7#e7 develop+ policies & proc$ures =    
assess+1 prior to provid+1 & dur+ any   
p]iod dur+ :i* ! ,corporation provides1 
support to any =eign entities1 :e!r su* 
entities h 9 place suffici5t enhanc$ due
 dilig5ce policies & practices to prev5t
 money laund]+ & corruption to ensure ! 
,corporation does n provide support to  
p]sons t are--  7,a7 kn[+ly engag+ 9    
acts ( corruption2  7,b7 kn[+ly provid+ 
mat]ial or f9ancial support = t]rorism1 
drug traffick+1 or human traffick+2 or  
7,c7 responsible = ord]+ or o!rwise     
direct+ s]i\s or gross violations (     
human rights4  7c7 ,duties &            
responsibilities ( audit committee      
,subject to ! direction ( ! ,bo>d1 !    

audit committee e/abli%$ "u subsection  
7a7 %all h ! ov]sight responsibility (--
  7#a7 ! integrity ( ! ,corporation's   
f9ancial report+ & sy/ems ( int]nal     
controls reg>d+ f9ance & acc\nt+2  7#b7 
! integrity ( ! ,corporation's f9ancial 
/atem5ts2  7#c7 ! p]=mance ( !          
,corporation's int]nal audit function2 &
  7#d7 compliance ) legal & regulatory  
requirem5ts relat$ to ! f9ances ( !     
,corporation4  #djb4 ,p]=mance measures 
7a7 ,9 g5]al ,! ,corporation %all       
develop a p]=mance measurem5t sy/em to  
evaluate & monitor projects support$ by 
! ,corporation "u title ,,ii & to guide 
future projects ( ! ,corporation4  7b7  
,consid]ations ,9 develop+ ! p]=mance   
measurem5t sy/em requir$ by subsection  
7a71 ! ,corporation %all-- 7#a7 develop 
a successor = ! developm5t impact       
measurem5t sy/em ( ! ,ov]seas ,private  
,inve/m5t ,corporation 7z su* sy/em 0 9 
effect on ! day be=e ! date ( enactm5t (
 ?is ,act72  7#b7 develop a me*anism =  
ensur+ t support provid$ by !           

,corporation "u title ,,ii is 9 addition
 to private inve/m5t2  7#c7 develop     
/&>ds =1 & a me?od = ensur+1 appropriate
 f9ancial p]=mance ( ! ,corporation's   
portfolio2 &  7#d7 develop /&>ds =1 & a 
me?od = ensur+1 appropriate developm5t  
p]=mance ( ! ,corporation's portfolio1  
includ+--  7,a7 measurem5t ( ! project$ 
& ex po/ developm5t impact ( a project2 
&  7,b7 ! in=mation necess>y to comply )
 section #djc4  7c7 ,public availability
 ( c]ta9 in=mation ,! ,corporation %all 
make available to ! public on a regul>  
basis in=mation ab\t support provid$ by 
! ,corporation "u title ,,ii & p]=mance 
metrics ab\t su* support on a           
c\ntry-by-c\ntry basis4  7d7            
,collaboration ,9 develop+ ! p]=mance   
measurem5t sy/em requir$ by subsection  
7a71 ! ,corporation %all consult )      
/akehold]s & o!r int]e/$ p>ties engag$ 9
 su/a9able economic gr[? & developm5t4  
#djc4 ,annual report  7a7 ,9 g5]al ,aft]
 ! end ( ea* fiscal ye>1 ! ,corporation 
%all submit to ! appropriate            

congressional committees a complete &   
detail$ report ( its op]ations dur+ t   
fiscal ye>1 includ+ an assessm5t (--    
7#a7 ! economic & social developm5t     
impact1 includ+ ) respect to matt]s     
describ$ 9 subsections 7d7 & 7e7 (      
section #eja1 ( projects support$ by !  
,corporation "u title ,,ii2  7#b7 !     
ext5t to :i* ! op]ations ( !            
,corporation complem5t or are compatible
 ) ! developm5t assi/ance programs ( !  
,unit$ ,/ates & qualify+ sov]eign       
entities2  7#c7 ! ,corporation's        
in/itutional l9kages ) o!r relevant     
,unit$ ,/ates ,gov]nm5t dep>tm5t &      
ag5cies1 includ+ ef=ts to /r5g!n su*    
l9kages2 &  7#d7 ! compliance ( projects
 support$ by ! ,corporation "u title    
,,ii ) all relevant human rights1       
environm5tal1 labor1 & social policies1 
or o!r su* relat$ policies t gov]n !    
,corporation's support = projects1      
promulgat$ or o!rwise adm9i/]$ by !     
,corporation4  7b7 ,elem5ts ,ea* annual 
report requir$ by subsection 7a7 %all   

include projections ( ! effects (       
projects support$ by ! ,corporation "u  
title ,,ii1 includ+--  7#a7 reviews &   
analysis (-- 7,a7 ! desir$ developm5t & 
:e!r or n ! ,corporation is meet+ !     
associat$ metrics1 goals1 & developm5t  
objectives1 includ+1 to ! ext5t         
practicable1 9 ! ye>s aft] conclusion ( 
projects2 &  7,b7 ! effect ( !          
,corporation's support on access to     
capital & ways 9 :i* ! ,corporation is  
address+ id5tifiable m>ket gaps or      
ineffici5cies & :at impact1 if any1 su* 
support has on access to cr$it = a      
specific project1 c\ntry1 or sector2    
7#b7 an explanation ( any p>tn]%ip      
arrangem5t or coop]ation ) a qualify+   
sov]eign entity 9 support ( ea* project2
  7#c7 projections (-- 7,a7 developm5t  
outcomes1 & :e!r or n support = projects
 are meet+ ! associat$ p]=mance         
measures1 bo? dur+ ! />t-up phase & ov] 
! duration ( ! support1 & to ! ext5t    
practicable1 measures ( su* developm5t  
outcomes %\ld be on a g5d]-disaggregat$ 

basis1 su* z *anges 9 employm5t1 access 
to f9ancial s]vices1 ent]prise          
developm5t & gr[?1 & composition (      
executive bo>ds & s5ior lead]%ip (      
ent]prises receiv+ support "u title     
,,ii2 &  7,b7 ! am\nt ( private sector  
assets br\ght to be> relative to ! am\nt
 ( support provid$ by ! ,corporation &  
any o!r public sector support2 &  7#d7  
an assessm5t ( ! ext5t to :i* lessons   
le>n$ f ! monitor+ & evaluation         
activities ( ! ,corporation1 & f annual 
reports f previ\s ye>s compil$ by !     
,corporation1 h be5 appli$ to projects4 
#djd4 ,publicly available project       
in=mation ,! ,corporation %all-- 7#a7   
ma9ta9 a us]-fri5dly1 publicly          
available1 ma*9e-readable database )    
detail$ c\ntry-level in=mation1 includ+ 
a description ( ! support provid$ by !  
,corporation "u title ,,ii2 &  7#b7     
include a cle> l9k to in=mation ab\t ea*
 project support$ by ! ,corporation "u  
title ,,ii on ! int]net website ( !     
,dep>tm5t ( ,/ate1                      

,foreign,assistance4gov1 or a successor 
website or o!r onl9e publication4  #dje4
 ,engagem5t ) inve/ors  7a7 ,9 g5]al ,! 
,corporation1 act+ ?r\gh ! ,*ief        
,developm5t ,(fic]1 %all1 9 coop]ation )
 ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy
 = ,int]national ,developm5t--  7#a7    
develop a /rategic relation%ip ) private
 sector entities focus$ at ! nexus (    
bus9ess opportunities & developm5t      
priorities2  7#b7 engage su* entities & 
r$uce bus9ess risks prim>ily ?r\gh      
direct transaction support & facilitat+ 
inve/m5t p>tn]%ips2  7#c7 develop &     
support tools1 approa*es1 & int]m$i>ies 
t c mobilize private f9ance at scale 9 !
 develop+ _w2  7#d7 pursue projects (   
all sizes1 especially ^? t are small b  
design$ = "w 9 ! mo/ und]develop$ areas1
 includ+ c\ntries ) *ronic suff]+ z a   
result ( extreme pov]ty1 fragile        
in/itutions1 or a hi/ory ( viol5ce2 &   
7#e7 pursue projects consi/5t ) ! policy
 ( ! ,unit$ ,/ates describ$ 9 section   
#aja & ! ,jo9t ,/rategic ,plan & !      

,mission ,c\ntry ,developm5t ,coop]ation
 ,/rategies ( ! ,unit$ ,/ates ,ag5cy =  
,int]national ,developm5t4  7b7         
,assi/ance ,to a*ieve ! goals describ$ 9
 subsection 7a71 ! ,corporation %all--  
7#a7 develop risk mitigation tools2     
7#b7 provide transaction /ructur+       
support = bl5d$ f9ance models2  7#c7    
support int]m$i>ies l9k+ capital supply 
& dem&2  7#d7 coord9ate ) o!r ,f$]al    
ag5cies to support or accel]ate         
transactions2  7#e7 conv5e f9ancial1    
donor1 civil society1 & public sector   
p>tn]s ar\nd opportunities = private    
f9ance )9 developm5t priorities2  7#f7  
(f] /rategic plann+ & programm+         
assi/ance to catalyze inve/m5t into     
priority sectors2  7#g7 provide         
transaction /ructur+ support2  7#h7     
deliv] tra9+ & k managem5t tools =      
engag+ private inve/ors2  7#i7 p>tn] )  
private sector entities t provide access
 to capital & exp]tise2 &  7#aj7 id5tify
 & scre5 new inve/m5t p>tn]s4  7c7      
,te*nical assi/ance ,! ,corporation %all

 coord9ate ) ! ,unit$ ,/ates ,ag5cy =   
,int]national ,developm5t & o!r ag5cies 
& dep>tm5ts1 z necess>y1 on projects &  
programs support$ by ! ,corporation t   
include te*nical assi/ance4  #djf4      
,notification ( support to be provid$ by
 ! ,corporation  7a7 ,9 g5]al ,n lat]   
?an #ae days prior to ! ,corporation    
mak+ a f9ancial commitm5t associat$ ) ! 
provision ( support "u title ,,ii 9 an  
am\nt 9 excess ( #aj1jjj1jjj1 ! ,*ief   
,executive ,(fic] ( ! ,corporation %all 
submit to ! ,committee on ,=eign        
,affairs & ! ,committee on              
,appropriations ( ! ,h\se (             
,repres5tatives & ! ,committee on ,=eign
 ,relations & ! ,committee on           
,appropriations ( ! ,s5ate a report 9   
writ+ t conta9s ! in=mation requir$ by  
subsection 7b74  7b7 ,in=mation requir$ 
,! in=mation requir$ by ?is subsection  
includes-- 7#a7 ! am\nt ( ea* su*       
f9ancial commitm5t2  7#b7 an            
id5tification ( ! recipi5t or b5efici>y2
 &  7#c7 a description ( ! project1     

activity1 or asset & ! developm5t goal  
or purpose to be a*iev$ by provid+      
support by ! ,corporation4  ,v          
,conditions1 re/rictions1 & prohibitions
  #eja4 ,limitations & pref]5ces  7a7   
,limitation on support = s+le entity ,no
 entity receiv+ support f ! ,corporation
 "u title ,,ii may receive m ?an an     
am\nt equal to #e p]c5t ( !             
,corporation's maximum cont+5t liability
 au?oriz$ "u section #cjc4  7b7         
,pref]5ce = support = projects sponsor$ 
by ,unit$ ,/ates p]sons  7#a7 ,9 g5]al  
,! ,corporation %\ld give pref]5tial    
consid]ation to projects sponsor$ by or 
involv+ private sector entities t are   
,unit$ ,/ates p]sons4  7#b7 ,unit$      
,/ates p]son def9$ ,9 ?is subsection1 ! 
t]m ,unit$ ,/ates p]son means-- 7,a7 a  
,unit$ ,/ates citiz52 or  7,b7 an entity
 significantly b5eficially own$ by      
individuals describ$ 9 subp>agraph 7,a74
  7c7 ,pref]5ce = support 9 c\ntries 9  
compliance ) int]national trade         
obligations  7#a7 ,consultations )      

,unit$ ,/ates ,trade ,repres5tative ,n  
less frequ5tly ?an annually1 !          
,corporation %all consult ) ! ,unit$    
,/ates ,trade ,repres5tative ) respect  
to ! /atus ( c\ntries eligible to       
receive support f ! ,corporation "u     
title ,,ii & ! compliance ( ^? c\ntries 
) _! int]national trade obligations4    
7#b7 ,pref]5tial consid]ation ,!        
,corporation %all give pref]5tial       
consid]ation to provid+ support "u title
 ,,ii = projects 9 c\ntries 9 compliance
 ) or mak+ sub/antial progress com+ into
 compliance ) _! int]national trade     
obligations4  7d7 ,work] rights  7#a7 ,9
 g5]al ,! ,corporation %\ld support     
projects "u title ,,ii 9 c\ntries t are 
tak+ /eps to adopt & implem5t laws t    
ext5d int]nationally recogniz$ work]    
rights 7z def9$ 9 section #ejg ( !      
,trade ,act ( #aigd 7#ai ,u4,s4,c4      
#bdfg77 to work]s 9 t c\ntry1 includ+   
any designat$ zone 9 t c\ntry4  7#b7    
,requir$ contract language ,!           
,corporation %all also include ! foll[+ 

language1 9 sub/antially ! foll[+ =m1 9 
all contracts :i* ! ,corporation ent]s  
into ) eligible inve/ors to provide     
support "u title ,,ii3 ,! inve/or agrees
 n to take actions to prev5t employees (
 ! =eign ent]prise f lawfully ex]cis+ _!
 "r ( association & _! "r to organize & 
b>ga9 collectively4 ,! inve/or fur!r    
agrees to obs]ve applicable laws relat+ 
to a m9imum age = employm5t ( *ildr51   
acceptable conditions ( "w ) respect to 
m9imum wages1 h\rs ( "w1 & occupational 
heal? & safety1 & n to use =c$ labor or 
! wor/ =ms ( *ild labor 7z def9$ 9      
section #ejg ( ! ,trade ,act ( #aigd    
7#ai ,u4,s4,c4 #bdfg7f7774 ,! inve/or is
 n responsible "u ?is p>agraph = !      
actions ( a =eign gov]nm5t44  7e7       
,environm5tal & social impact ,! ,bo>d  
%all n vote 9 favor ( any project       
propos$ to be support$ by ! ,corporation
 "u title ,,ii t is likely to h         
significant adv]se environm5tal or      
social impacts t are s5sitive1 div]se1  
or unprec$5t$1 unless--  7#a7 at lea/   

#fj days be=e ! date ( ! vote1 an       
environm5tal & social impact assessm5t  
or initial environm5tal & social audit1 
analyz+ ! environm5tal & social impacts 
( ! propos$ project & ( alt]natives to !
 propos$ project1 is complet$2 &  7#b7  
su* assessm5t or audit has be5 made     
available to ! public ( ! ,unit$ ,/ates1
 locally affect$ gr\ps 9 ! c\ntry 9 :i* 
! project w be c>ri$ out1 &             
nongov]nm5tal organizations 9 t c\ntry4 
7f7 ,wom5's economic emp[]m5t ,9 utiliz+
 its au?orities "u title ,,ii1 !        
,corporation %\ld consid] ! impacts (   
its support on wom5's economic          
opportunities & outcomes & make ef=ts to
 mitigate g5d] gaps & maximize          
developm5t impact by work+ to improve   
wom5's economic opportunities4  7g7     
,pref]5ce = provision ( support 9       
c\ntries embrac+ private ent]prise  7#a7
 ,9 g5]al ,! ,corporation %\ld give     
pref]5tial consid]ation to projects =   
:i* support "u title ,,ii may pot5tially
 be provid$ 9 c\ntries ! gov]nm5ts ( :i*

 are mak+ cont9ual progress t[>d        
economic policies t promote ! developm5t
 ( private ent]prise1 bo? dome/ic &     
=eign1 & ma9ta9+ ! conditions t enable  
private ent]prise to make its full      
contribution to ! developm5t ( su*      
c\ntries1 includ+--  7,a7 m>ket-bas$    
economies2  7,b7 protect+ private       
prop]ty rights2  7,c7 respect = ! rule (
 law2 &  7,d7 sy/ems to combat          
corruption & brib]y4  7#b7 ,s\rces (    
in=mation ,! ,corporation %\ld rely on  
bo? ?ird-p>ty indicators & ,unit$ ,/ates
 ,gov]nm5t in=mation1 su* z ! ,dep>tm5t 
( ,/ate's ,inve/m5t ,climate ,/atem5ts1 
! ,dep>tm5t ( ,comm]ce's ,c\ntry        
,comm]cial ,guides1 or ! ,mill5nium     
,*all5ge ,corporation's ,con/ra9ts      
,analysis1 to assess :e!r c\ntries meet 
! conditions describ$ 9 p>agraph 7#a74  
7h7 ,consid]ation ( =eign boycott       
p>ticipation ,9 provid+ support "u =    
projects "u title ,,ii1 ! ,corporation  
%all consid]1 us+ in=mation readily     
available1 :e!r ! project is sponsor$ by

 or sub/antially affiliat$ ) any p]son  
tak+ or kn[+ly agree+ to take actions1  
or hav+ tak5 or kn[+ly agre$ to take    
actions )9 ! pa/ ?ree ye>s1 :i*         
demon/rate or o!rwise evid5ce int5t to  
comply )1 fur!r1 or support any boycott 
fo/]$ or impos$ by any =eign c\ntry1 or 
reque/ to impose any boycott by any     
=eign c\ntry1 aga9/ a c\ntry :i* is     
fri5dly to ! ,unit$ ,/ates & :i* is n   
itself ! object ( any =m ( boycott      
pursuant to ,unit$ ,/ates law or        
regulation4  #ejb4 ,additionality &     
avoidance ( m>ket di/ortion  7a7 ,9     
g5]al ,be=e ! ,corporation provides     
support = a project "u title ,,ii1 !    
,corporation %all ensure t private      
sector entities are af=d$ an opportunity
 to support ! project4  7b7 ,safegu>ds1 
policies1 & guidel9es ,! ,corporation   
%all develop appropriate safegu>ds1     
policies1 & guidel9es to ensure t       
support provid$ by ! ,corporation "u    
title ,,ii--  7#a7 supplem5ts &         
enc\rages1 b does n compete )1 private  

sector support2  7#b7 op]ates accord+ to
 int]nationally recogniz$ be/ practices 
& /&>ds ) respect to ensur+ ! avoidance 
( m>ket di/ort+ gov]nm5t subsidies & !  
cr[d+ out ( private sector l5d+2 &  7#c7
 does n h a significant adv]se impact on
 ,unit$ ,/ates employm5t4  #ejc4        
,prohibition on support 9 sanction$     
c\ntries & ) sanction$ p]sons  7a7 ,9   
g5]al ,! ,corporation is prohibit$ f    
provid+ support "u title ,,ii 9 a c\ntry
 ! gov]nm5t ( :i* ! ,secret>y ( ,/ate   
has det]m9$ has repeat$ly provid$       
support = acts ( int]national t]rorism =
 purposes (--  7#a7 section             
#f7;j77#a77;,a7 ( ! ,export             
,adm9i/ration ,act ( #aigi 7#ej         
,u4,s4,c4 #dfje7;j77#a77;,a77 7z cont9u$
 9 effect pursuant to ! ,int]national   
,em]g5cy ,economic ,p[]s ,act 7#ej      
,u4,s4,c4 #agja et seq4772  7#b7 section
 #fbj;,a7a7 ( ! ,=eign ,assi/ance ,act (
 #aifa 7#bb ,u4,s4,c4 #bcga7;a772  7#c7 
section #dj7;d7 ( ! ,arms ,export       
,control ,act 7#bb ,u4,s4,c4 #bghj7;d772

 or  7#d7 any o!r provision ( law4  7b7 
,prohibition on support ( sanction$     
p]sons ,! ,corporation is prohibit$ f   
support+ a project "u title ,,ii t      
directly b5efits any entity subject to  
sanctions impos$ by ! ,unit$ ,/ates4    
7c7 ,prohibition on support ( activities
 subject to sanctions ,! ,corporation   
%all require any entity or p>ty receiv+ 
support "u title ,,ii to c]tify x1 any  
entity own$ or controll$ by ! entity or 
p>ty1 or any entity or p>ty :i* owns or 
o!rwise manages ! entity or p>ty receiv+
 support1 does n conduct any activities 
subject to sanctions impos$ by ! ,unit$ 
,/ates4  #ejd4 ,p5alties =              
misrepres5tation1 fraud1 & brib]y       
,subsections 7g71 7l71 & 7n7 ( section  
#bcg ( ! ,=eign ,assi/ance ,act ( #aifa 
7#bb ,u4,s4,c4 #baig7 %all apply )      
respect to ! ,corporation to ! same     
ext5t & 9 ! same mann] z su* subsections
 appli$ ) respect to ! ,ov]seas ,private
 ,inve/m5t ,corporation on ! day be=e ! 
date ( ! enactm5t ( ?is ,act4  ,,vi     

,transitional provisions  #fja4         
,def9itions ,9 ?is title3 7#a7 ,ag5cy ,!
 t]m ag5cy includes any entity1         
organizational unit1 program1 or        
function4  7#b7 ,transition p]iod ,! t]m
 transition p]iod means ! p]iod-- 7,a7  
beg9n+ on ! date ( ! enactm5t ( ?is     
,act2 &  7,b7 end+ on ! effective date (
 ! reorganization plan requir$ by       
section #fjb7;e74  #fjb4 ,reorganization
 plan  7a7 ,submission ( plan  7#a7 ,9  
g5]al ,n lat] ?an #abj days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,presid5t    
%all transmit to ! appropriate          
congressional committees a              
reorganization plan reg>d+ ! foll[+3    
7,a7 ,! transf] ( ag5cies1 p]sonnel1    
assets1 & obligations to ! ,corporation 
pursuant to ?is title4  7,b7 ,any       
consolidation1 reorganization1 or       
/reaml9+ ( ag5cies transf]r$ to !       
,corporation pursuant to ?is title4     
7,c7 ,any effici5cies or co/ sav+s      
a*iev$ z a result ( ! transf] ( ag5cies1
 p]sonnel1 assets1 & obligations to !   

,corporation pursuant to ?is title1     
includ+ r$uctions 9 unnecess>y or       
duplicative op]ations1 assets1 &        
p]sonnel4  7#b7 ,consultation ,n lat]   
?an #ae days be=e ! date on :i* ! plan  
is transmitt$ pursuant to ?is           
subsection1 ! ,presid5t %all consult ) !
 appropriate congressional committees on
 su* plan4  7b7 ,plan elem5ts ,! plan   
transmitt$ "u subsection 7a7 %all       
conta91 consi/5t ) ?is ,act1 su* elem5ts
 z ! ,presid5t deems appropriate1       
includ+ ! foll[+3  7#a7 ,id5tification (
 any functions ( ag5cies transf]r$ to ! 
,corporation pursuant to ?is title t w n
 be transf]r$ to ! ,corporation "u !    
plan4  7#b7 ,specification ( ! /eps to  
be tak5 to organize ! ,corporation1     
includ+ ! delegation or assignm5t (     
functions transf]r$ to ! ,corporation   
among (fic]s ( ! ,corporation 9 ord] to 
p]mit ! ,corporation to c>ry out !      
functions transf]r$ "u ! plan4  7#c7    
,specification ( ! funds available to   
ea* ag5cy t w be transf]r$ to !         

,corporation z a result ( transf]s "u ! 
plan4  7#d7 ,specification ( ! propos$  
allocations )9 ! ,corporation ( unexp5d$
 funds transf]r$ 9 connection ) transf]s
 "u ! plan4  7#e7 ,specification ( any  
propos$ disposition ( prop]ty1          
facilities1 contracts1 records1 & o!r   
assets & obligations ( ag5cies transf]r$
 "u ! plan4  7c7 ,report on coord9ation 
7#a7 ,9 g5]al ,! transf] ( functions    
au?oriz$ by ?is section may occur only  
aft] ! ,presid5t & ,*ief ,executive     
,(fic] ( ! ,ov]seas ,private ,inve/m5t  
,corporation & ! ,adm9i/rator ( ! ,unit$
 ,/ates ,ag5cy = ,int]national          
,developm5t jo9tly submit to !          
,committee on ,=eign ,affairs &         
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives & ,committee on ,=eign
 ,relations & ,committee on             
,appropriations ( ! ,s5ate a report 9   
writ+ t conta9s ! in=mation requir$ by  
p>agraph 7#b74  7#b7 ,in=mation requir$ 
,! in=mation requir$ by ?is p>agraph    
includes a description 9 detail ( !     

proc$ures to be foll[$ aft] ! transf] ( 
functions au?oriz$ by ?is section h     
occurr$ to coord9ate betwe5 !           
,corporation & ! ,unit$ ,/ates ,ag5cy = 
,int]national ,developm5t 9 c>ry+ out ! 
functions s transf]r$4  7d7             
,modification ( plan ,! ,presid5t may1  
on ! basis ( consultations ) !          
appropriate congressional committees1   
modify or revise any "p ( ! plan until t
 "p ( ! plan becomes effective 9        
accordance ) subsection 7e74  7e7       
,effective date  7#a7 ,9 g5]al ,!       
reorganization plan describ$ 9 ?is      
section1 includ+ any modifications or   
revisions ( ! plan "u subsection 7c71   
%all become effective = an ag5cy on !   
date specifi$ 9 ! plan 7or ! plan z     
modifi$ pursuant to subsection 7d771    
except t su* date may n be e>li] ?an #ij
 days aft] ! date ! ,presid5t has       
transmitt$ ! reorganization plan to !   
appropriate congressional committees    
pursuant to subsection 7a74  7#b7       
,/atutory con/ruction ,no?+ 9 ?is       

subsection may be con/ru$ to require !  
transf] ( functions1 p]sonnel1 records1 
balances ( appropriations1 or o!r assets
 ( an ag5cy on a s+le date4  #fjc4      
,transf] ( functions  7a7 ,9 g5]al      
,effective at ! end ( ! transition      
p]iod1 !re %all be transf]r$ to !       
,corporation ! functions1 p]sonnel1     
assets1 & liabilities (--  7#a7 !       
,ov]seas ,private ,inve/m5t             
,corporation1 z 9 exi/5ce on ! day be=e 
! date ( ! enactm5t ( ?is ,act2 &  7#b7 
! foll[+ elem5ts ( ! ,unit$ ,/ates      
,ag5cy = ,int]national ,developm5t3 7,a7
 ,! ,developm5t ,cr$it ,au?ority4  7,b7 
,! exi/+ ,legacy ,cr$it portfolio "u !  
,urban ,environm5t ,program & any o!r   
direct loan programs & non-,developm5t  
,cr$it ,au?ority gu>anty programs       
au?oriz$ by ! ,=eign ,assi/ance ,act (  
#aifa 7#bb ,u4,s4,c4 #baea et seq47 or  
o!r pr$ecessor ,acts1 z 9 exi/5ce on !  
date ( ! enactm5t ( ?is ,act1 o!r ?an   
any sov]eign loan gu>anties4  7b7       
,additional transf] au?ority ,effective 

at ! end ( ! transition p]iod1 !re is   
au?oriz$ to be transf]r$ to !           
,corporation ! functions1 p]sonnel1     
assets1 & liabilities ( ! foll[+ elem5ts
 ( ! ,unit$ ,/ates ,ag5cy =             
,int]national ,developm5t3  7#a7 ,!     
,(fice ( ,private ,capital &            
,micro5t]prise4  7#b7 ,! ent]prise      
funds4  7c7 ,sov]eign loan gu>anty      
transf]  7#a7 ,9 g5]al ,effective at !  
end ( ! transition p]iod1 !re is        
au?oriz$ to be transf]r$ to !           
,corporation or any o!r appropriate     
dep>tm5t or ag5cy ( ! ,unit$ ,/ates     
,gov]nm5t ! loan acc\nts & ! legal      
rights & responsibilities = ! sov]eign  
loan gu>anty portfolio held by ! ,unit$ 
,/ates ,ag5cy = ,int]national           
,developm5t z 9 exi/5ce on ! day be=e ! 
date ( ! enactm5t ( ?is ,act4  7#b7     
,inclusion 9 reorganization plan ,!     
,presid5t %all include 9 !              
reorganization plan submitt$ "u section 
#fjb a description ( ! transf] au?oriz$ 
"u p>agraph 7#a74  7d7 ,bilat]al        

agreem5ts ,any bilat]al agreem5t ( !    
,unit$ ,/ates 9 effect on ! date ( !    
enactm5t ( ?is ,act t s]ves z ! basis = 
programs ( ! ,ov]seas ,private ,inve/m5t
 ,corporation & ! ,developm5t ,cr$it    
,au?ority %all be consid]$ z satisfy+ ! 
requirem5ts ( section #cja7;a74  7e7    
,transition ,dur+ ! transition p]iod1 ! 
ag5cies specifi$ 9 subsection 7a7 %all--
 7#a7 cont9ue to adm9i/] ! assets &     
obligations ( ^? ag5cies2 &  7#b7 c>ry  
out su* programs & activities au?oriz$  
"u ?is ,act z may be det]m9$ by !       
,presid5t4  #fjd4 ,t]m9ation ( ,ov]seas 
,private ,inve/m5t ,corporation & o!r   
sup]c$$ au?orities ,effective at ! end (
 ! transition p]iod-- 7#a7 ! ,ov]seas   
,private ,inve/m5t ,corporation is      
t]m9at$2 &  7#b7 title ,,iv ( *apt] #b (
 "p ,i ( ! ,=eign ,assi/ance ,act (     
#aifa 7#bb ,u4,s4,c4 #baia et seq47 7o!r
 tan subsections 7g71 7l71 & 7n7 (      
section #bcg ( t ,act7 is repeal$4      
#fje4 ,transitional au?orities  7a7     
,provision ( assi/ance by (ficials      

,until ! transf] ( an ag5cy to !        
,corporation "u section #fjc1 any       
(ficial hav+ au?ority ov] or functions  
relat+ to ! ag5cy imm$iately be=e ! date
 ( ! enactm5t ( ?is ,act %all provide to
 ! ,corporation su* assi/ance1 includ+ !
 use ( p]sonnel & assets1 z !           
,corporation may reque/ 9 prep>+ = !    
transf] & integration ( ! ag5cy into !  
,corporation4  7b7 ,s]vices & p]sonnel  
,dur+ ! transition p]iod1 ^u ! reque/ ( 
! ,corporation1 ! head ( any executive  
ag5cy may1 on a reimbursable or         
non-reimbursable basis1 provide s]vices 
or detail p]sonnel to assi/ ) !         
transition4  7c7 ,act+ (ficials  7#a7 ,9
 g5]al ,dur+ ! transition p]iod1 p5d+ ! 
advice & cons5t ( ! ,s5ate to !         
appo9tm5t ( an (fic] requir$ by ?is ,act
 to be appo9t$ by & ) su* advice &      
cons5t1 ! ,presid5t may designate any   
(fic] ^: appo9tm5t 0 requir$ to be made 
by & ) su* advice & cons5t & :o 0 su* an
 (fic] imm$iately be=e ! date ( !       
enactm5t ( ?is ,act 7& :o cont9ues 9    

(fice7 or imm$iately be=e su*           
designation1 to act 9 su* (fice until ! 
same is fill$ z provid$ 9 ?is ,act4     
,:ile s act+1 su* (fic]s %all receive   
comp5sation at ! high] (--  7,a7 ! rates
 provid$ by ?is ,act = ! respective     
(fices 9 :i* !y act2 or  7,b7 ! rates   
provid$ = ! (fices held at ! "t (       
designation4  7#b7 ,rule ( con/ruction  
,no?+ 9 ?is ,act %all be con/ru$ to     
require ! advice & cons5t ( ! ,s5ate to 
! appo9tm5t by ! ,presid5t to a position
 9 ! ,corporation ( any (fic] ^: ag5cy  
is transf]r$ to ! ,corporation pursuant 
to ?is title & ^: duties foll[+ su*     
transf] are g]mane to ^? p]=m$ be=e su* 
transf]4  7d7 ,transf] ( p]sonnel1      
assets1 obligations1 & functions ,^u !  
transf] ( an ag5cy to ! ,corporation "u 
section #fjc-- 7#a7 ! p]sonnel1 assets1 
& obligations held by or available 9    
connection ) ! ag5cy %all be transf]r$  
to ! ,corporation = appropriate         
allocation1 subject to ! approval ( !   
,director ( ! ,(fice ( ,managem5t &     

,budget & 9 accordance ) section        
#aeca7;a77#b7 ( title #ca1 ,unit$ ,/ates
 ,code2 &  7#b7 ! ,corporation %all h   
all functions-- 7,a7 relat+ to ! ag5cy t
 any o!r (ficial c\ld by law ex]cise 9  
relation to ! ag5cy imm$iately be=e su* 
transf]2 &  7,b7 ve/$ 9 ! ,corporation  
by ?is ,act or o!r law4  #fjf4 ,sav+s   
provisions  7a7 ,complet$ adm9i/rative  
actions  7#a7 ,9 g5]al ,complet$        
adm9i/rative actions ( an ag5cy %all n  
be affect$ by ! enactm5t ( ?is ,act or !
 transf] ( su* ag5cy to ! ,corporation  
"u section #fjc1 b %all cont9ue 9 effect
 accord+ to _! t]ms until am5d$1        
modifi$1 sup]s$$1 t]m9at$1 set aside1 or
 revok$ 9 accordance ) law by an (fic] (
 ! ,unit$ ,/ates or a c\rt ( compet5t   
jurisdiction1 or by op]ation ( law4     
7#b7 ,complet$ adm9i/rative action def9$
 ,9 ?is subsection1 ! t]m complet$      
adm9i/rative action includes ord]s1     
det]m9ations1 rules1 regulations1       
p]sonnel actions1 p]mits1 agreem5ts1    
grants1 contracts1 c]tificates1         

policies1 lic5ses1 regi/rations1 &      
privileges4  7b7 ,p5d+ proce$+s  7#a7 ,9
 g5]al ,p5d+ proce$+s 9 an ag5cy1       
includ+ notices ( propos$ rulemak+1 &   
applications = lic5ses1 p]mits1         
c]tificates1 grants1 & f9ancial         
assi/ance1 %all cont9ue not)/&+ !       
enactm5t ( ?is ,act or ! transf] ( !    
ag5cy to ! ,corporation1 unless         
discont9u$ or modifi$ "u ! same t]ms &  
conditions & to ! same ext5t t su*      
discont9uance c\ld h occurr$ if su*     
enactm5t or transf] _h n occurr$4  7#b7 
,ord]s ,ord]s issu$ 9 proce$+s describ$ 
9 p>agraph 7#a71 & appeals !refrom1 &   
paym5ts made pursuant to su* ord]s1 %all
 issue 9 ! same mann] & on ! same t]ms z
 if ?is ,act _h n be5 enact$ or ! ag5cy 
_h n be5 transf]r$1 & any su* ord]s %all
 cont9ue 9 effect until am5d$1 modifi$1 
sup]s$$1 t]m9at$1 set aside1 or revok$  
by an (fic] ( ! ,unit$ ,/ates or a c\rt 
( compet5t jurisdiction1 or by op]ation 
( law4  7c7 ,p5d+ civil actions ,p5d+   
civil actions %all cont9ue not)/&+ !    

enactm5t ( ?is ,act or ! transf] ( an   
ag5cy to ! ,corporation1 & 9 su* civil  
actions1 proce$+s %all be _h1 appeals   
tak51 & judgm5ts r5d]$ & en=c$ 9 ! same 
mann] & ) ! same effect z if su*        
enactm5t or transf] _h n occurr$4  7d7  
,ref]5ces ,ref]5ces relat+ to an ag5cy t
 is transf]r$ to ! ,corporation "u      
section #fjc 9 /atutes1 ,executive      
ord]s1 rules1 regulations1 directives1  
or delegations ( au?ority t prec$e su*  
transf] or ! date ( ! enactm5t ( ?is    
,act %all be deem$ to ref]1 z           
appropriate1 to ! ,corporation1 to its  
(fic]s1 employees1 or ag5ts1 or to its  
correspond+ organizational units or     
functions4 ,/atutory report+ requirem5ts
 t appli$ 9 relation to su* an ag5cy    
imm$iately be=e ! effective date ( ?is  
,act %all cont9ue to apply foll[+ su*   
transf] if !y ref] to ! ag5cy by "n4    
7e7 ,employm5t provisions  7#a7         
,regulations ,! ,corporation may1 9     
regulations prescrib$ jo9tly ) !        
,director ( ! ,(fice ( ,p]sonnel        

,managem5t1 adopt ! rules1 proc$ures1   
t]ms1 & conditions1 e/abli%$ by /atute1 
rule1 or regulation be=e ! date ( !     
enactm5t ( ?is ,act1 relat+ to employm5t
 9 any ag5cy transf]r$ to ! ,corporation
 "u section #fjc4  7#b7 ,effect (       
transf] on conditions ( employm5t       
,except z o!rwise provid$ 9 ?is ,act1 or
 "u au?ority grant$ by ?is ,act1 !      
transf] pursuant to ?is title ( p]sonnel
 %all n alt] ! t]ms & conditions (      
employm5t1 includ+ comp5sation1 ( any   
employee s transf]r$4  7f7 ,/atutory    
report+ requirem5ts ,any /atutory       
report+ requirem5t t appli$ to an ag5cy 
transf]r$ to ! ,corporation "u ?is title
 imm$iately be=e ! date ( ! enactm5t (  
?is ,act %all cont9ue to apply foll[+ t 
transf] if ! /atutory requirem5t ref]s  
to ! ag5cy by "n4  #fjg4 ,o!r t]m9ations
 ,except z o!rwise provid$ 9 ?is ,act1  
:5ev] all ! functions ve/$ by law 9 any 
ag5cy h be5 transf]r$ pursuant to ?is   
title1 ea* position & (fice ! incumb5t (
 :i* 0 au?oriz$ to receive comp5sation  

at ! rates prescrib$ = an (fice or      
position at level ,,ii1 ,,iii1 ,,iv1 or 
,v ( ! ,executive ,s*$ule "u sub*apt]   
,,ii ( *apt] #ec ( title #e1 ,unit$     
,/ates ,code1 %all t]m9ate4  #fjh4      
,incid5tal transf]s ,! ,director ( !    
,(fice ( ,managem5t & ,budget1 9        
consultation ) ! ,corporation1 is       
au?oriz$ & direct$ to make su*          
additional incid5tal dispositions (     
p]sonnel1 assets1 & liabilities held1   
us$1 aris+ f1 available1 or to be made  
available1 9 connection ) ! functions   
transf]r$ by ?is title1 z ! ,director   
may det]m9e necess>y to accompli% !     
purposes ( ?is ,act4  #fji4 ,ref]5ce ,) 
respect to any function transf]r$ "u ?is
 title 7includ+ "u a reorganization plan
 "u section #fjb7 & ex]cis$ on or aft] !
 date ( ! enactm5t ( ?is ,act1 ref]5ce 9
 any o!r ,f$]al law to any dep>tm5t1    
commission1 or ag5cy or any (fic] or    
(fice ! functions ( :i* are s transf]r$ 
%all be deem$ to ref] to ! ,corporation 
or (ficial or compon5t ( ! ,corporation 

to :i* t function is s transf]r$4  #faj4
 ,con=m+ am5dm5ts  7a7 ,exempt programs 
,section #bee7;g77#b7 ( ! ,balanc$      
,budget & ,em]g5cy ,deficit ,control    
,act ( #aihe 7#b ,u4,s4,c4 #ije7;g77#b77
 is am5d$ by /rik+ ,ov]seas ,private    
,inve/m5t ,corporation1 ,noncr$it       
,acc\nt 7#ga-dahd-j-c-aea74 & ins]t+    
,unit$ ,/ates ,int]national ,developm5t 
,f9ance ,corporation44  7b7 ,executive  
,s*$ule ,title #e1 ,unit$ ,/ates ,code1 
is am5d$-- 7#a7 9 section #ecad1 by     
/rik+ ,presid5t1 ,ov]seas ,private      
,inve/m5t ,corporation42  7#b7 9 section
 #ecae1 by /rik+ ,executive ,vice       
,presid5t1 ,ov]seas ,private ,inve/m5t  
,corporation42 &  7#c7 9 section #ecaf1 
by /rik+ ,vice ,presid5ts1 ,ov]seas     
,private ,inve/m5t ,corporation 7#c744  
7c7 ,(fice ( ,int]national ,trade ( !   
,small ,bus9ess ,adm9i/ration ,section  
#bb ( ! ,small ,bus9ess ,act 7#ae       
,u4,s4,c4 #fdi7 is am5d$-- 7#a7 9       
subsection 7b71 9 ! matt] prec$+        
p>agraph 7#a71 by /rik+ ! ,presid5t ( ! 

,ov]seas ,private ,inve/m5t             
,corporation1 ,director & ins]t+ ! ,bo>d
 ( ,directors ( ! ,unit$ ,/ates         
,int]national ,developm5t ,f9ance       
,corporation1 ! ,director2 &  7#b7 by   
/rik+ ,ov]seas ,private ,inve/m5t       
,corporation ea* place x appe>s & ins]t+
 ,unit$ ,/ates ,int]national ,developm5t
 ,f9ance ,corporation4  7d7 ,unit$      
,/ates & ,=eign ,comm]cial ,s]vice      
,section #bcja ( ! ,export ,enhancem5t  
,act ( #aihh 7#ae ,u4,s4,c4 #dgba7 is   
am5d$ by /rik+ ,ov]seas ,private        
,inve/m5t ,corporation ea* place x      
appe>s & ins]t+ ,unit$ ,/ates           
,int]national ,developm5t ,f9ance       
,corporation4  7e7 ,trade ,promotion    
,coord9at+ ,committee ,section          
#bcab7;d77#a77,k7 ( ! ,export           
,enhancem5t ,act ( #aihh 7#ae ,u4,s4,c4 
#dgbg7;d77#a77,k77 is am5d$ by /rik+    
,ov]seas ,private ,inve/m5t ,corporation
 & ins]t+ ,unit$ ,/ates ,int]national   
,developm5t ,f9ance ,corporation4  7f7  
,int]ag5cy ,trade ,data ,advisory       

,committee ,section #edjb7;b7 ( !       
,omnibus ,trade & ,competitiv5ess ,act (
 #aihh 7#ae ,u4,s4,c4 #dijb7;b77 is     
am5d$ by /rik+ ! ,presid5t ( ! ,ov]seas 
,private ,inve/m5t ,corporation & ins]t+
 ! ,*ief ,executive ,(fic] ( ! ,unit$   
,/ates ,int]national ,developm5t ,f9ance
 ,corporation4  7g7 ,misuse ( names (   
,f$]al ag5cies ,section #gji ( title    
#ah1 ,unit$ ,/ates ,code1 is am5d$ by   
/rik+ ,ov]seas ,private ,inve/m5t1      
,ov]seas ,private ,inve/m5t             
,corporation1 or ,,opic1 & ins]t+ ,unit$
 ,/ates ,int]national ,developm5t       
,f9ance ,corporation or ,,dfc4  7h7     
,engagem5t on curr5cy ex*ange rate &    
economic policies ,section              
#gja7;c77#a77;,a7 ( ! ,trade            
,facilitation & ,trade ,en=cem5t ,act ( 
#bjae 7#ai ,u4,s4,c4 #ddba7;c77#a77;,a77
 is am5d$ by /rik+ ,ov]seas ,private    
,inve/m5t ,corporation & ins]t+ ,unit$  
,/ates ,int]national ,developm5t ,f9ance
 ,corporation4  7i7 ,int]n%ips )        
,in/itute = ,int]national ,public       

,policy ,section #fbe7;a7 ( ! ,high]    
,education ,act ( #aife 7#bj ,u4,s4,c4  
#aaca;c7a77 is am5d$ by /rik+ ,ov]seas  
,private ,inve/m5t ,corporation & ins]t+
 ,unit$ ,/ates ,int]national ,developm5t
 ,f9ance ,corporation4  7j7 ,=eign      
,assi/ance ,act ( #aifa ,! ,=eign       
,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4  
#baea et seq47 is am5d$--  7#a7 9       
section #dii;,b7b77#b7 7#bb ,u4,s4,c4   
#bbif;b7b77#b771 by /rik+ ,ov]seas      
,private ,inve/m5t ,corporation & ins]t+
 ,unit$ ,/ates ,int]national ,developm5t
 ,f9ance ,corporation2 &  7#b7 9 section
 #dha7;e77#d77;,a7 7#bb ,u4,s4,c4       
#bbia7;e77#d77;,a771 9 ! matt] prec$+   
clause 7i71 by /rik+ 7includ+ programs  
"u title ,,iv ( *apt] #b1 relat+ to !   
,ov]seas ,private ,inve/m5t             
,corporation7 & ins]t+ 7& any support "u
 title ,,ii ( ! ,bett] ,utilization (   
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah1 relat+ to ! ,unit$ ,/ates        
,int]national ,developm5t ,f9ance       
,corporation74  7k7 ,electrify ,africa  

,act ( #bjae ,sections #e & #g ( !      
,electrify ,africa ,act ( #bjae 7,public
 ,law #aad-aba2 #bb ,u4,s4,c4 #bbic     
note7 are am5d$ by /rik+ ,ov]seas       
,private ,inve/m5t ,corporation ea*     
place x appe>s & ins]t+ ,unit$ ,/ates   
,int]national ,developm5t ,f9ance       
,corporation4  7l7 ,=eign ,aid          
,transp>5cy & ,acc\ntability ,act (     
#bjaf ,section #b7c7 ( ! ,=eign ,aid    
,transp>5cy & ,acc\ntability ,act (     
#bjaf 7,public ,law #aad-aia2 #bb       
,u4,s4,c4 #bcid;c note7 is am5d$--  7#a7
 9 subp>agraph 7,a71 by /rik+ except = &
 all t foll[s ?r\gh *apt] #c & ins]t+   
except = *apt] #c2  7#b7 9 subp>agraph  
7,c71 by /rik+ & at ! end2  7#c7 9      
subp>agraph 7,d71 by /rik+ ! p]iod at ! 
end & ins]t 2 &2 &  7#d7 by add+ at !   
end ! foll[+3  7,e7 ! ,bett]            
,utilization ( ,inve/m5ts ,lead+ to     
,developm5t ,act ( #bjah4  4  7m7       
,support = ,ea/ ,european ,democracy    
7,,se$7 ,program ,! ,support = ,ea/     
,european ,democracy 7,,se$7 ,act (     

#aihi 7#bb ,u4,s4,c4 #edja et seq47 is  
am5d$--  7#a7 9 section #b7;c7 7#bb     
,u4,s4,c4 #edja7;c771 by /rik+ p>agraph 
7#ab7 & ins]t+ ! foll[+3  7#ab7 ,unit$  
,/ates ,int]national ,developm5t ,f9ance
 ,corporation ,programs ( ! ,unit$      
,/ates ,int]national ,developm5t ,f9ance
 ,corporation4  2 &  7#b7 9 section     
#bja7;e7 7#bb ,u4,s4,c4 #edba7;e771 by  
/rik+ ,ag5cy = ,int]national ,developm5t
 & ins]t+ ,unit$ ,/ates ,int]national   
,developm5t ,f9ance ,corporation4  7n7  
,cuban ,lib]ty & ,democratic ,solid>ity 
7,,lib]tad7 ,act ( #aiif ,section       
#bjb7;b77#b77;,b77iv7 ( ! ,cuban ,lib]ty
 & ,democratic ,solid>ity 7,,lib]tad7   
,act ( #aiif 7#bb ,u4,s4,c4             
#fjfb7;b77#b77;,b77iv77 is am5d$ by     
/rik+ ,ov]seas ,private ,inve/m5t       
,corporation & ins]t+ ,unit$ ,/ates     
,int]national ,developm5t ,f9ance       
,corporation4  7o7 ,int]national        
,religi\s ,fre$om ,act ( #aiih ,section 
#dje7;a77#aj7 ( ! ,int]national         
,religi\s ,fre$om ,act ( #aiih 7#bb     

,u4,s4,c4 #fdde7;a77#aj77 is am5d$ by   
/rik+ ,ov]seas ,private ,inve/m5t       
,corporation & ins]t+ ,unit$ ,/ates     
,int]national ,developm5t ,f9ance       
,corporation4  7p7 ,traffick+ ,victims  
,protection ,act ( #bjjj ,section       
#ajc7h77;,a7 ( ! ,traffick+ ,victims    
,protection ,act ( #bjjj 7#bb ,u4,s4,c4 
#gajb7h77;,a77 is am5d$ by am5d+ clause 
7viii7 to read z foll[s3  7viii7 any    
support "u title ,,ii ( ! ,bett]        
,utilization ( ,inve/m5ts ,lead+ to     
,developm5t ,act ( #bjah relat+ to !    
,unit$ ,/ates ,int]national ,developm5t 
,f9ance ,corporation2 &  4  7q7         
,te*nology deploym5t 9 develop+ c\ntries
 ,section #gcb7;b7 ( ! ,global          
,environm5tal ,protection ,assi/ance    
,act ( #aihi 7#bb ,u4,s4,c4 #gijb7;b77  
is am5d$ by /rik+ ,ov]seas ,private     
,inve/m5t ,corporation & ins]t+ ,unit$  
,/ates ,int]national ,developm5t ,f9ance
 ,corporation4  7r7 ,exp&$ nonmilit>y   
assi/ance = ,ukra9e ,section #g7;c77#c7 
( ! ,ukra9e ,fre$om ,support ,act (     

#bjad 7#bb ,u4,s4,c4 #hibf7;c77#c77 is  
am5d$-- 7#a7 9 ! matt] prec$+           
subp>agraph 7,a71 by /rik+ ,ov]seas     
,private ,inve/m5t ,corporation & ins]t+
 ,unit$ ,/ates ,int]national ,developm5t
 ,f9ance ,corporation2 &  7#b7 9        
subp>agraph 7,b71 by /rik+ by eligible  
inve/ors 7z def9$ 9 section #bch ( !    
,=eign ,assi/ance ,act ( #aifa 7#bb     
,u4,s4,c4 #baih774  7s7 ,global ,food   
,security ,act ( #bjaf ,section #d7g7 ( 
! ,global ,food ,security ,act ( #bjaf  
7#bb ,u4,s4,c4 #icjc7g77 is am5d$ by    
/rik+ ,ov]seas ,private ,inve/m5t       
,corporation & ins]t+ ,unit$ ,/ates     
,int]national ,developm5t ,f9ance       
,corporation4  7t7 ,s5se ( ,congress on 
,european & ,eurasian en]gy security    
,section #beg7;c77#b77;,b7 ( ! ,c\nt]+  
,russian ,influ5ce 9 ,europe & ,eurasia 
,act ( #bjag 7#bb ,u4,s4,c4             
#iedf7;c77#b77;,b77 is am5d$ by /rik+   
,ov]seas ,private ,inve/m5t ,corporation
 & ins]t+ ,unit$ ,/ates ,int]national   
,developm5t ,f9ance ,corporation4  7u7  

,:olly own$ ,gov]nm5t corporation       
,section #iaja7c7 ( title #ca1 ,unit$   
,/ates ,code1 is am5d$ by /rik+ ,ov]seas
 ,private ,inve/m5t ,corporation &      
ins]t+ ,unit$ ,/ates ,int]national      
,developm5t ,f9ance ,corporation4  7v7  
,en]gy ,indep5d5ce & ,security ,act (   
#bjjg ,title ,,ix ( ! ,en]gy ,indep5d5ce
 & ,security ,act ( #bjjg 7#db ,u4,s4,c4
 #agcba et seq47 is am5d$--  7#a7 9     
section #iad 7#db ,u4,s4,c4 #agccd7--   
7,a7 9 ! section head+1 by /rik+        
,ov]seas ,private ,inve/m5t ,corporation
 & ins]t+ ,unit$ ,/ates ,int]national   
,developm5t ,f9ance ,corporation2  7,b7 
9 subsection 7a71 9 ! matt] prec$+      
p>agraph 7#a71 by /rik+ ,ov]seas        
,private ,inve/m5t ,corporation & ins]t+
 ,unit$ ,/ates ,int]national ,developm5t
 ,f9ance ,corporation2 &  7,c7 9        
subsection 7b71 9 ! matt] prec$+        
p>agraph 7#a71 by /rik+ ,ov]seas        
,private ,inve/m5t ,corporation %all    
include 9 its annual report requir$ "u  
section #bdj;,a ( ! ,=eign ,assi/ance   

,act ( #aifa 7#bb ,u4,s4,c4 #bbjj;a7 &  
ins]t+ ,unit$ ,/ates ,int]national      
,developm5t ,f9ance ,corporation %all   
include 9 its annual report requir$ "u  
section #djc ( ! ,bett] ,utilization (  
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah2 &  7#b7 9 section                
#iaf7;a77#b77;,i7 7#db ,u4,s4,c4        
#agccf7;a77#b77;,i771 by /rik+ ,ov]seas 
,private ,inve/m5t ,corporation3 &      
ins]t+ ,unit$ ,/ates ,int]national      
,developm5t ,f9ance ,corporation24  7w7 
,effective date ,! am5dm5ts made by ?is 
section %all take effect at ! end ( !   
transition p]iod4  ,july #aa1 #bjah     
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$