Title 22 › Chapter 103— BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT › Subchapter VI— TRANSITIONAL PROVISIONS › § 9682
The President must send a plan to the right congressional committees no later than 120 days after October 5, 2018. Fifteen days before sending it, the President must talk with those committees about the plan. The plan must explain how agencies, staff, property, money, and responsibilities will move to the Corporation. It must also describe any mergers, reorganizations, savings or extra costs from the moves. The plan must say which agency jobs or duties will not move, how the Corporation will be set up and who will do what, what funds each transferred agency will have, how leftover funds will be used inside the Corporation, what will happen to property, contracts, records, and other assets and debts, and how many positions and people will move (including steps to reduce harm to USAID). Transfers can only happen after the Overseas Private Investment Corporation CEO and the USAID Administrator send a joint written report to the House and Senate Foreign Affairs and Appropriations Committees describing how they will coordinate after the move. The plan can be changed, but the President must consult the committees before major changes. The plan takes effect on the date it sets, but not sooner than 90 days after it was sent, and transfers do not all have to happen on one day.
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Foreign Relations and Intercourse — Source: USLM XML via OLRC
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22 U.S.C. § 9682
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60