22 U.S. Code § 2191a - Additional requirements
The Corporation may insure, reinsure, guarantee, or finance a project only if the country in which the project is to be undertaken is taking steps to adopt and implement laws that extend internationally recognized worker rights, as defined in section 2467(4) of title 19, to workers in that country (including any designated zone in that country). The Corporation shall also include the following language, in substantially the following form, in all contracts which the Corporation enters into with eligible investors to provide financial support under this subpart:
“The investor agrees not to take actions to prevent employees of the foreign enterprise from lawfully exercising their right of association and their right to organize and bargain collectively. The investor further agrees to observe applicable laws relating to a minimum age for employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational health and safety, and not to use forced labor. The investor is not responsible under this paragraph for the actions of a foreign government.”
Paragraph (1) shall not prohibit the Corporation from providing any insurance, reinsurance, guaranty, or financing with respect to a country if the President determines that such activities by the Corporation would be in the national economic interests of the United States. Any such determination shall be reported in writing to the Congress, together with the reasons for the determination.
1999—Subsec. (b). Pub. L. 106–158, § 3(a)(2) added subsec. (b). Former subsec. (b) redesignated (c).
Subsec. (c). Pub. L. 106–158, § 3(a)(1), (3), redesignated subsec. (b) as (c), designated existing provisions as par. (1), and added par. (2).
1996—Subsec. (a)(1). Pub. L. 104–188, § 1954(b)(3)(A), substituted “2467(4)” for “2462(a)(4)”.
Subsec. (a)(2). Pub. L. 104–188, § 1954(b)(3)(B), substituted “2464” for “2465(c)”.
Subsec. (a)(4). Pub. L. 104–188, § 1954(b)(3)(C), substituted “2467(4)” for “2462(a)(4)”.
1992—Subsec. (a)(1). Pub. L. 102–549 inserted at end provisions requiring Corporation to include certain language about employee rights in all contracts with eligible investors.
1988—Subsec. (a)(4). Pub. L. 100–418 added par. (4).
Amendment by Pub. L. 104–188 applicable to articles entered on or after Oct. 1, 1996, with provisions relating to retroactive application, see section 1953 of Pub. L. 104–188, set out as an Effective Date note under section 2461 of Title 19, Customs Duties.
LII has no control over and does not endorse any external Internet site that contains links to or references LII.