§9631 — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

May provide support under subchapter II in countries with U.S. agreements. Claims from that support can be settled or arbitrated if both parties agree, and payments from settlements or arbitration awards are final. Contracts signed by officers the Board names are assumed to follow the chapter's rules. Must accept electronic documents and payments. Congress says it must consult employees before reorganizations and consider preference, experience, and, when relevant, seniority when reassigning.

Title 22, §9631

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The Corporation may provide support under subchapter II of this chapter in connection with projects in any country the government of which has entered into an agreement with the United States authorizing the Corporation to provide such support in that country.

(b)(1)Claims arising as a result of support provided under subchapter II of this chapter or under predecessor authority may be settled, and disputes arising as a result thereof may be arbitrated with the consent of the parties, on such terms and conditions as the Corporation may determine.

(2)Payment made pursuant to any settlement pursuant to paragraph (1), or as a result of an arbitration award, shall be final and conclusive notwithstanding any other provision of law.

(c)Each contract executed by such officer or officers as may be designated by the Board shall be conclusively presumed to be issued in compliance with the requirements of this chapter.

(d)The Corporation shall implement policies to accept electronic documents and electronic payments in all of its programs.

(e)It is the sense of Congress that—

(1)the Corporation is obligated to consult with and collect input from current employees on plans to substantially reorganize the Corporation prior to implementation of such plan; and

(2)the Corporation should consider preference, experience, and, when relevant, seniority when reassigning existing employees to new areas of work.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in subsec. (c), was in the original “this division”, meaning division F of Pub. L. 115–254, Oct. 5, 2018, 132 Stat. 3485, which is classified principally to this chapter. For complete classification of division F to the Code, see

Short Title

note set out under section 9601 of this title and Tables.

Amendments

2025—Subsec. (e). Pub. L. 119–60 added subsec. (e).

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