§17334 — Title 42 The Public Health and Welfare | U.S. Code

Summary

Congress says the U.S. International Development Finance Corporation should work to increase investment in clean, efficient energy technologies. It should do this in three ways: actively contact U.S. companies that want to invest in those technologies in countries that are major sources of greenhouse gases, give priority to projects that use those technologies, and be more flexible in supporting such projects with financing, insurance, and other help. The Corporation must put in its yearly report a description of what it did to carry out these steps, or if it did nothing, an explanation of why.

Title 42, §17334

The Public Health and Welfare — Source: USLM XML via OLRC

(a)It is the sense of Congress that the United States International Development Finance Corporation should promote greater investment in clean and efficient energy technologies by—

(1)proactively reaching out to United States companies that are interested in investing in clean and efficient energy technologies in countries that are significant contributors to global greenhouse gas emissions;

(2)giving preferential treatment to the evaluation and awarding of projects that involve the investment or utilization of clean and efficient energy technologies; and

(3)providing greater flexibility in supporting projects that involve the investment or utilization of clean and efficient energy technologies, including financing, insurance, and other assistance.

(b)The United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22—

(1)a description of the activities carried out to implement this section; or

(2)if the Corporation did not carry out any activities to implement this section, an explanation of the reasons therefor.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2018—Pub. L. 115–254, § 1470(v)(1)(A), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in section catchline. Subsec. (a). Pub. L. 115–254, § 1470(v)(1)(B), substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation” in introductory provisions. Subsec. (b). Pub. L. 115–254, § 1470(v)(1)(C), substituted “United States International Development Finance Corporation shall include in its annual report required under section 9653 of title 22” for “Overseas Private Investment Corporation shall include in its annual report required under section 2200a of title 22” in introductory provisions.

Statutory Notes and Related Subsidiaries

Effective Date

of 2018 AmendmentAmendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.

Effective Date

Section effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.

§17334 Actions by United States International Development Finance Corporation

Summary

Title 42, §17334

Notes & Related Subsidiaries

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Citations & Metadata