PRIA, Government Policy, Made Personal

Summary

Right after taking office and before the Agency issues any guarantee, the U.S. Director must propose and push the Board of Directors to adopt rules that stop the Agency from guaranteeing investments that are in countries not taking steps to protect internationally recognized workers’ rights; that depend on trade‑distorting host‑country rules likely to cause a significant net drop in jobs or other trade benefits for the United States or other member countries; or that would expand production in an industry with excess world capacity and cause substantial harm to producers of that product in another member country.

Title 22, §290k–2

Foreign Relations and Intercourse, Source: USLM XML via OLRC

Immediately after taking office and prior to the issuance by the Agency of its first guarantee, the United States Director of the Agency shall propose and actively seek the adoption by the Board of Directors of policies and procedures under which the Agency will not issue guarantees in respect of any proposed investment that would—

(1)be in any country which has not taken or is not taking steps to afford internationally recognized workers’ rights to workers in that country;

(2)be subject to trade-distorting performance requirements imposed by the host country that are likely to result in a significant net reduction in—

(A)employment in the United States or other member countries; or

(B)other trade benefits likely to accrue to the United States or other member countries from the investment; or

(3)increase a country’s productive capacity in an industry already facing excess worldwide capacity for the same, similar or competing product, and cause substantial injury to producers of such product in another member country.

Editorial Notes

Codification Section is based on section 405 of title IV of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by Pub. L. 100–202.

§290k–2 Instructions for United States Director

Summary

Title 22, §290k–2

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata