Home > 106th Congressional Bills > H.R. 3381 (enr) To reauthorize the Overseas Private Investment Corporation and the Trade and Development Agency, and for other purposes. [Enrolled bill] ...H.R. 3381 (enr) To reauthorize the Overseas Private Investment Corporation and the Trade and Development Agency, and for other purposes. [Enrolled bill] ...
106th CONGRESS
1st Session
H. R. 3381
_______________________________________________________________________
AN ACT
To reauthorize the Overseas Private Investment Corporation and the
Trade and Development Agency, and for other purposes.
106th CONGRESS
1st Session
H. R. 3381
_______________________________________________________________________
AN ACT
To reauthorize the Overseas Private Investment Corporation and the
Trade and Development Agency, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Export Enhancement Act of 1999''.
SEC. 2. OPIC ISSUING AUTHORITY.
Section 235(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C.
2195(a)(3)) is amended by striking ``1999'' and inserting ``2003''.
SEC. 3. IMPACT OF OPIC PROGRAMS.
(a) Additional Requirements.--Section 231A of the Foreign
Assistance Act of 1961 (22 U.S.C. 2191a) is amended--
(1) by redesignating subsection (b) as subsection (c);
(2) by inserting after subsection (a) the following new
subsection:
``(b) Environmental Impact.--The Board of Directors of the
Corporation shall not vote in favor of any action proposed to be taken
by the Corporation that is likely to have significant adverse
environmental impacts that are sensitive, diverse, or unprecedented,
unless for at least 60 days before the date of the vote--
``(1) an environmental impact assessment or initial
environmental audit, analyzing the environmental impacts of the
proposed action and of alternatives to the proposed action has
been completed by the project applicant and made available to
the Board of Directors; and
``(2) such assessment or audit has been made available to
the public of the United States, locally affected groups in the
host country, and host country nongovernmental
organizations.''; and
(3) in subsection (c), as so redesignated--
(A) by inserting ``(1)'' before ``The Board'; and
(B) by adding at the end the following:
``(2) In conjunction with each meeting of its Board of Directors,
the Corporation shall hold a public hearing in order to afford an
opportunity for any person to present views regarding the activities of
the Corporation. Such views shall be made part of the record.''.
(b) Effective Date.--The amendments made by subsection (a) shall
take effect 90 days after the date of the enactment of this Act.
SEC. 4. BOARD OF DIRECTORS OF OPIC.
Section 233(b) of the Foreign Assistance Act of 1961 (22 U.S.C.
2193(b)) is amended--
(1) by striking the second and third sentences;
(2) in the fourth sentence by striking ``(other than the
President of the Corporation, appointed pursuant to subsection
(c) who shall serve as a Director, ex officio)'';
(3) in the second undesignated paragraph--
(A) by inserting ``the President of the
Corporation, the Administrator of the Agency for
International Development, the United States Trade
Representative, and'' after ``including''; and
(B) by adding at the end the following: ``The
United States Trade Representative may designate a
Deputy United States Trade Representative to serve on
the Board in place of the United States Trade
Representative.''; and
(4) by inserting after the second undesignated paragraph
the following:
``There shall be a Chairman and a Vice Chairman of the Board, both
of whom shall be designated by the President of the United States from
among the Directors of the Board other than those appointed under the
second sentence of the first paragraph of this subsection.''.
SEC. 5. TRADE AND DEVELOPMENT AGENCY.
(a) Purpose.--Section 661(a) of the Foreign Assistance Act of 1961
(22 U.S.C. 2421(a)) is amended by inserting before the period at the
end of the second sentence the following: ``, with special emphasis on
economic sectors with significant United States export potential, such
as energy, transportation, telecommunications, and environment''.
(b) Contributions of Costs.--Section 661(b) of the Foreign
Assistance Act of 1961 (22 U.S.C. 2421(b)) is amended by adding at the
end the following:
``(5) Contributions to costs.--The Trade and Development
Agency shall, to the maximum extent practicable, require
corporations and other entities to--
``(A) share the costs of feasibility studies and
other project planning services funded under this
section; and
``(B) reimburse the Trade and Development Agency
those funds provided under this section, if the
corporation or entity concerned succeeds in project
implementation.''.
(c) Funding.--Section 661(f) of the Foreign Assistance Act of 1961
(22 U.S.C. 2421(f)) is amended--
(1) in paragraph (1)(A) by striking ``$77,000,000'' and all
that follows through ``1996'' and inserting ``$48,000,000 for
fiscal year 2000 and such sums as may be necessary for each
fiscal year thereafter''; and
(2) in paragraph (2)(A), by striking ``in fiscal years''
and all that follows through ``provides'' and inserting ``in
carrying out its program, provide, as appropriate, funds''.
SEC. 6. IMPLEMENTATION OF PRIMARY OBJECTIVES OF TPCC.
The Trade Promotion Coordinating Committee shall--
(1) report on the actions taken or efforts currently
underway to eliminate the areas of overlap and duplication
identified among Federal export promotion activities;
(2) coordinate efforts to sponsor or promote any trade show
or trade fair;
(3) work with all relevant State and national
organizations, including the National Governors' Association,
that have established trade promotion offices;
(4) report on actions taken or efforts currently underway
to promote better coordination between State, Federal, and
private sector export promotion activities, including co-
location, cost sharing between Federal, State, and private
sector export promotion programs, and sharing of market
research data; and
(5) by not later than March 30, 2000, and annually
thereafter, include the matters addressed in paragraphs (1),
(2), (3), and (4) in the annual report required to be submitted
under section 2312(f) of the Export Enhancement Act of 1988 (15
U.S.C. 4727(f)).
SEC. 7. TIMING OF TPCC REPORTS.
Section 2312(f) of the Export Enhancement Act of 1988 (15 U.S.C.
4727(f)) is amended by striking ``September 30, 1995, and annually
thereafter,'' and inserting ``March 30 of each year,''.
Passed the House of Representatives November 17, 1999.
Attest:
Clerk.
Pages: 1 Other Popular 106th Congressional Bills Documents:
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