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Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§5828 Funding for Opic Programs

Title 22 › Chapter 67— FREEDOM FOR RUSSIA AND EMERGING EURASIAN DEMOCRACIES AND OPEN MARKETS SUPPORT › Subchapter II— BUSINESS AND COMMERCIAL DEVELOPMENT › § 5828

Last updated Apr 5, 2026|Official source

Summary

Money approved for fiscal year 1993 to carry out chapter 11 of part I of the Foreign Assistance Act of 1961 may also be used to pay costs the Overseas Private Investment Corporation (OPIC) has when running programs for the independent states of the former Soviet Union under title IV of chapter 2 of part I of that Act (22 U.S.C. 2191 and following). This is in addition to any other funds already available for those costs. That permission ends when the Overseas Private Investment Corporation Act Amendments Act of 1992 is enacted.

Full Legal Text

Title 22, §5828

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)Funds authorized to be appropriated for fiscal year 1993 to carry out chapter 11 of part I of the Foreign Assistance Act of 1961 [22 U.S.C. 2295 et seq.] may be made available to cover costs incurred by the Overseas Private Investment Corporation in carrying out programs with respect to the independent states of the former Soviet Union under title IV of chapter 2 of part I of that Act (22 U.S.C. 2191 and following),11 See References in Text note below. in addition to amounts otherwise available for that purpose.
(b)The authority of subsection (a) shall cease to be effective upon the enactment of the Overseas Private Investment Corporation Act Amendments Act of 1992.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Foreign Assistance Act of 1961, referred to in subsec. (a), is Pub. L. 87–195, Sept. 4, 1961, 75 Stat. 424. Chapter 11 of part I of the Act is classified generally to part II (§ 2295 et seq.) of subchapter I of chapter 32 of this title. Title IV of chapter 2 of part I of the Act, which was classified generally to subpart IV (§ 2191 et seq.) of part II of subchapter I of chapter 32 of this title, was repealed, except for subsections (g), (l), (m), and (n) of section 2197 of this title, by Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513, effective at the end of the transition period, as defined in section 9681 of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 2151 of this title and Tables. The Overseas Private Investment Corporation Act

Amendments

Act of 1992, referred to in subsec. (b), probably means the Overseas Private Investment Corporation

Amendments

Act of 1992, which was title I of H.R. 4996, 102d Congress, as passed by the House of Representatives. H.R. 4996 was enacted into law as Pub. L. 102–549 and title I was significantly revised and no longer contained provisions designating it as the Overseas Private Investment Corporation

Amendments

Act of 1992.

Statutory Notes and Related Subsidiaries

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. § 5828

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60