Sec. 215. Surge financing mechanism
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Title III of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9631 et seq.) is amended by adding at the end the following new section: The Board shall establish a mechanism, to be administered by the Strategic Investments Officer, pursuant to which the Corporation expedites decisions to provide support under title II in select cases. The maximum contingent liability of the Corporation outstanding at any one time during any fiscal year under this section shall not exceed in the aggregate an amount that is equal to 10 percent of the amount appropriated for the Corporation for that fiscal year.
The Chairperson of the Board shall notify the appropriate congressional committees of each decision to expedite a decision under this section and the reasons for expediting that decision. .
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Sec. 215
Surge financing mechanism
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