Sec. 505. Market displacement by state-owned enterprises and monopolies
184 words·~1 min read·
/bill/115/s/2463/rs/section-505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Corporation shall develop appropriate policies and guidelines to ensure that support provided under title II to a state-owned enterprise, sovereign wealth fund, or a parastatal entity engaged in commercial activities or to a project in which such an entity or fund is participating is provided under appropriate principles of competitive neutrality. The Corporation may not provide support under title II to private sector entities engaged in monopolistic practices. In this section, the term state-owned enterprise means any enterprise established for a commercial or business purpose that is directly owned or controlled by one or more governments, including any agency, instrumentality, subdivision, or other unit of government at any level of jurisdiction.
For purposes of paragraph (1): The term control , with respect to an enterprise, means the power by any means to control the enterprise regardless of— the level of ownership; and whether or not the power is exercised. The term owned , with respect to an enterprise, means a majority or controlling interest, whether by value or voting interest, of the shares of that enterprise, including through fiduciaries, agents, or other means.