Sec. 499B. DEVELOPMENT OF INFRASTRUCTURE
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## SEC. 499B DEVELOPMENT OF INFRASTRUCTURE **[**[22 U.S.C. 2296b](/us/usc/t22/s2296b)**]** ###
(a)Purpose of Programs The purposes of programs under this section include— ####
(1)to develop the physical infrastructure necessary for regional cooperation among the countries of the South Caucasus and Central Asia; and ####
(2)to encourage closer economic relations and to facilitate the removal of impediments to cross-border commerce among those countries and the United States and other developed nations. ###
(b)Authorization for Programs To carry out the purposes of subsection (a), the following types of programs for the countries of the South Caucasus and Central Asia may be used to support the activities described in subsection (c): ####
(1)Activities by the Export-Import Bank to complete the review process for eligibility for financing under the Export-Import Bank Act of 1945. ####
(2)The provision of insurance, reinsurance, financing, or other assistance by the Overseas Private Investment Corporation16. 16Section 1470(j)(2) of the BUILD Act of 2018 (division F of Public Law 115-254) provides for an amendment to strike “Overseas Private Investment Corporation” and insert “United States International Development Finance Corporation”. The law incorrectly references section 449B(b)(2) and probably should have referred to section 499B(b)(2). The corresponding U.S. Code citation in such Public Law corresponds to section 499B(b)(2). ####
(3)Assistance under section 661 of this Act (relating to the Trade and Development Agency). ###
(c)Activities Supported Activities that may be supported by programs under subsection
(b)include promoting actively the participation of United States companies and investors in the planning, financing, and construction of infrastructure for communications, transportation, including air transportation, and energy and trade including highways, railroads, port facilities, shipping, banking, insurance, telecommunications networks, and gas and oil pipelines.
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