Sec. 1470. Conforming amendments

1,436 words·~7 min read·/bill/115/hr/302/eah/section-1470

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 255(g) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 905(g) ) is amended by striking Overseas Private Investment Corporation, Noncredit Account (71–4184–0–3–151). and inserting United States International Development Finance Corporation. . Title 5, United States Code, is amended— in section 5314, by striking President, Overseas Private Investment Corporation. ; in section 5315, by striking Executive Vice President, Overseas Private Investment Corporation. ; and in section 5316, by striking Vice Presidents, Overseas Private Investment Corporation (3). .

Section 22 of the Small Business Act ( 15 U.S.C. 649 ) is amended— in subsection (b), in the matter preceding paragraph (1), by striking the President of the Overseas Private Investment Corporation, Director and inserting the Board of Directors of the United States International Development Finance Corporation, the Director ; and by striking Overseas Private Investment Corporation each place it appears and inserting United States International Development Finance Corporation .

Section 2301 of the Export Enhancement Act of 1988 ( 15 U.S.C. 4721 ) is amended by striking Overseas Private Investment Corporation each place it appears and inserting United States International Development Finance Corporation . Section 2312(d)(1)(K) of the Export Enhancement Act of 1988 ( 15 U.S.C. 4727(d)(1)(K) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Section 5402(b) of the Omnibus Trade and Competitiveness Act of 1988 ( 15 U.S.C. 4902(b) ) is amended by striking the President of the Overseas Private Investment Corporation and inserting the Chief Executive Officer of the United States International Development Finance Corporation .

Section 709 of title 18, United States Code, is amended by striking and inserting Overseas Private Investment , Overseas Private Investment Corporation , or OPIC , . United States International Development Finance Corporation or DFC Section 701(c)(1)(A) of the Trade Facilitation and Trade Enforcement Act of 2015 ( 19 U.S.C. 4421(c)(1)(A) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation .

Section 625 of the Higher Education Act of 1965 ( 20 U.S.C. 1131c(a) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . The Foreign Assistance Act of 1961 ( 22 U.S.C. 2151 et seq.) is amended— in section 116— in subsection (a), by inserting , and no support may be provided under title II of the after Better Utilization of Investments Leading to Development Act of 2018 , this part ; in the first subsection (b)— by inserting or title II of the after Better Utilization of Investments Leading to Development Act of 2018 this part ; by inserting or the Chief Executive Officer of the United States International Development Finance Corporation, as applicable, after this Act ; by inserting or support after the assistance ; and by inserting or support after such assistance each place it appears; in the second subsection (b), by inserting under this part, and no support may be provided under title II of the after Better Utilization of Investments Leading to Development Act of 2018 , provided ; and in subsection (c), by striking under this part, the Administrator and inserting under this part, or support provided under title II of the ;

Better Utilization of Investments Leading to Development Act of 2018 , the Administrator, or the Chief Executive Officer of the United States International Development Finance Corporation, as applicable, in section 449B(b)(2) ( 22 U.S.C. 2296b(b)(2) ), by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation ; and in section 481(e)(4)(A) ( 22 U.S.C. 2291(e)(4)(A) ), in the matter preceding clause (i), by striking (including programs under title IV of chapter 2, relating to the Overseas Private Investment Corporation) and inserting (and any support under title II of the .

Better Utilization of Investments Leading to Development Act of 2018 , relating to the United States International Development Finance Corporation) Sections 5 and 7 of the Electrify Africa Act of 2015 ( Public Law 114–121 ; 22 U.S.C. 2293 note) are amended by striking Overseas Private Investment Corporation each place it appears and inserting United States International Development Finance Corporation . Section 2(3) of the Foreign Aid Transparency and Accountability Act of 2016 ( Public Law 114–191 ; 22 U.S.C. 2394c note) is amended— in subparagraph (A), by striking except for and all that follows through chapter 3 and insert except for chapter 3 ; in subparagraph (C), by striking and at the end; in subparagraph (D), by striking the period at the end and inserting ; and ; and by adding at the end the following: the Better Utilization of Investments Leading to Development Act of 2018 . .

The Support for East European Democracy

(SEED)Act of 1989 ( 22 U.S.C. 5401 et seq.) is amended— in section 2(c) ( 22 U.S.C. 5401(c) ), by striking paragraph

(12)and inserting the following: Programs of the United States International Development Finance Corporation. ; and in section 201 ( 22 U.S.C. 5421 ), by striking subsection

(e)and inserting the following: Funds appropriated to the President pursuant to subsection

(b)shall be granted to the Enterprise Funds to carry out the purposes specified in subsection

(a)and for the administrative expenses of each Enterprise Fund— except as provided in paragraph (2), by the United States Agency for International Development; or if the Enterprise Funds are transferred to the United States International Development Finance Corporation pursuant to section 1463(b) of the Better Utilization of Investments Leading to Development Act of 2018 , by the Corporation. . Section 202(b)(2)(B)(iv) of the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 ( 22 U.S.C. 6062(b)(2)(B)(iv) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Section 405(a)(10) of the International Religious Freedom Act of 1998 ( 22 U.S.C. 6445(a)(10) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Section 103(8)(A) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7102(8)(A) ) is amended in clause

(viii)to read as follows: any support under title II of the Better Utilization of Investments Leading to Development Act of 2018 relating to the United States International Development Finance Corporation; and . Section 732(b) of the Global Environmental Protection Assistance Act of 1989 ( 22 U.S.C. 7902(b) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Section 7(c)(3) of the Ukraine Freedom Support Act of 2014 ( 22 U.S.C. 8926(c)(3) ) is amended— in the paragraph heading, by striking and inserting Overseas Private Investment Corporation ; United States International Development Finance Corporation in the matter preceding subparagraph (A), by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation ; and in subparagraph (B), by striking by eligible investors (as defined in section 238 of the Foreign Assistance Act of 1961 ( . 22 U.S.C. 2198 )) Section 4(7) of the Global Food Security Act of 2016 ( 22 U.S.C. 9303(7) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Section 257(c)(2)(B) of the Countering Russian Influence in Europe and Eurasia Act of 2017 ( 22 U.S.C. 9546(c)(2)(B) ) is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Section 9101(3) of title 31, United States Code, is amended by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation . Title IX of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17321 et seq.) is amended— in section 914 ( 42 U.S.C. 17334 )— in the section heading, by striking and inserting Overseas Private Investment Corporation ; United States International Development Finance Corporation in subsection (a), in the matter preceding paragraph (1), by striking Overseas Private Investment Corporation and inserting United States International Development Finance Corporation ; and in subsection (b), in the matter preceding paragraph (1), by striking Overseas Private Investment Corporation shall include in its annual report required under section 240A of the Foreign Assistance Act of 1961 ( and inserting 22 U.S.C. 2200a ) United States International Development Finance Corporation shall include in its annual report required under section 1443 of the ; and Better Utilization of Investments Leading to Development Act of 2018 in section 916(a)(2)(I) ( 42 U.S.C. 17336(a)(2)(I) ), by striking Overseas Private Investment Corporation: and inserting United States International Development Finance Corporation; . The amendments made by this section shall take effect at the end of the transition period.

Connectionstraces to 26

Traces to 26 documents

U.S. Code