Sec. 211. Report on equity authority
256 words·~1 min read·
/bill/113/s/2508/rs/section-211·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than one year after the date of the enactment of this Act, the Inspector General of the Overseas Private Investment Corporation (appointed pursuant to the amendments made by section 207) shall submit to Congress a report on the authorities of the Corporation to effectively meet its statutory objectives, including as modified by this Act, that includes an assessment of the following: The effectiveness of the existing authorities of the Corporation in promoting investment in energy and infrastructure projects.
The effect granting the Corporation the authority to directly invest in projects would have on— the ability of the Corporation to support development projects, including infrastructure and energy projects, that advance the foreign policy goals of the United States; the risk profile of the Corporation; the budget of the Corporation; the success rate of projects, measured in terms of capacity to meet development goals and financial targets; sectors or regions in which equity investment would be particularly beneficial or harmful to furthering the mission of the Corporation; and the capability of the Corporation to meet its statutory objectives, including as modified by this Act, including whether granting such authority would limit the effectiveness of the Corporation in meeting its goals with respect to stimulating United States private sector investment in such projects, including investment by small- and medium-sized enterprises.
The effect of any other financing instruments that may be better suited to energy or infrastructure projects. The competitiveness of financing provided by the Corporation relative to financing provided by development finance institutions of other major economies.