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Title 22, Foreign Relations and IntercourseRelease 119-110

§3304 Overseas Private Investment Corporation

Title 22 › CHAPTER 48 — TAIWAN RELATIONS › § 3304

Last updated Sep 23, 2026|Official source

Summary

For three years starting April 10, 1979, the $1,000 per-person income limit will not stop the Overseas Private Investment Corporation from providing insurance, reinsurance, loans, or guarantees for investment projects in Taiwan. Except for that exception, the Corporation must use the same rules for Taiwan projects as it uses in other countries.

Full Legal Text

Title 22, §3304

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Removal of per capita income restriction on Corporation activities with respect to investment projects on Taiwan
During the three-year period beginning on April 10, 1979, the $1,000 per capita income restriction in clause (2) of the second undesignated paragraph of section 2191 of this title shall not restrict the activities of the Overseas Private Investment Corporation in determining whether to provide any insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan.
(b)Application by Corporation of other criteria
Except as provided in subsection (a) of this section, in issuing insurance, reinsurance, loans, or guaranties with respect to investment projects on Taiwan, the Overseas Private Insurance Corporation shall apply the same criteria as those applicable in other parts of the world.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 2191 of this title, referred to in subsec. (a), was repealed by Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective as of January 1, 1979, see section 18 of Pub. L. 96–8, set out as a note under section 3301 of this title.

Transfer of Functions

For

Transfer of Functions

, personnel, assets, and liabilities of the Overseas Private Investment Corporation to the United States International Development Finance Corporation and treatment of related references, see section 9683 and 9686(d) of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 3304

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 23, 2026

Release point: 119-110