§290k–2 Instructions for United States Director

Summary

Right after taking office and before the Agency issues its first guarantee, the United States Director must propose and push the Board of Directors to adopt rules that stop the Agency from guaranteeing certain investments. Those rules must bar guarantees for investments that are in countries that have not taken steps to protect internationally recognized workers’ rights; that face host-country trade rules that distort trade and are likely to cause a significant net drop in either jobs in the United States or other member countries or other trade benefits to those countries; or that would raise production in an industry that already has excess world capacity and would cause substantial injury to producers of that product in another member country.