Title 22 › Chapter CHAPTER 103— - BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT › Subchapter SUBCHAPTER VI— - TRANSITIONAL PROVISIONS › § 9682
The President must send a reorganization plan to the appropriate congressional committees no later than 120 days after October 5, 2018. The President must talk with those committees at least 15 days before sending the plan. The plan must explain how agencies, staff, assets, and obligations will move to the Corporation, any consolidations or streamlining, and any cost savings or extra costs. It must say which functions will not move, how the Corporation will be organized and duties assigned, what funds each transferring agency will have, how unspent funds will be allocated, what will happen to property, facilities, contracts, records, and other assets and obligations, and how many positions and staff will transfer before the end of the transition, including steps to reduce the effect on the United States Agency for International Development. The President and Chief Executive Officer of the Overseas Private Investment Corporation and the Administrator of the United States Agency for International Development must together send a written report to the House Committees on Foreign Affairs and Appropriations and the Senate Committees on Foreign Relations and Appropriations describing how the two will coordinate after any transfers. The President must consult the appropriate committees before making major changes to the plan. The plan takes effect on the date it names, but not earlier than 90 days after the President sent it to the committees, and transfers do not have to happen all on one date.
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Foreign Relations and Intercourse — Source: USLM XML via OLRC
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22 U.S.C. § 9682
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73