22 U.S. Code § 2296b. Development of infrastructure

(a) Purpose of programsThe purposes of programs under this section include—
(1)
to develop the physical infrastructure necessary for regional cooperation among the countries of the South Caucasus and Central Asia; and
(2)
to encourage closer economic relations and to facilitate the removal of impediments to cross-border commerce among those countries and the United States and other developed nations.
(b) Authorization for programsTo carry out the purposes of subsection (a), the following types of programs for the countries of the South Caucasus and Central Asia may be used to support the activities described in subsection (c):
(1)
Activities by the Export-Import Bank to complete the review process for eligibility for financing under the Export-Import Bank Act of 1945 [12 U.S.C. 635 et seq.].
(2)
The provision of insurance, reinsurance, financing, or other assistance by the Overseas Private Investment Corporation.
(3)
Assistance under section 2421 of this title (relating to the Trade and Development Agency).
(c) Activities supported

Activities that may be supported by programs under subsection (b) include promoting actively the participation of United States companies and investors in the planning, financing, and construction of infrastructure for communications, transportation, including air transportation, and energy and trade including highways, railroads, port facilities, shipping, banking, insurance, telecommunications networks, and gas and oil pipelines.

Amendment of Subsection (b)(2)

Pub. L. 115–254, div. F, title VI, § 1470(j)(2), (w), Oct. 5, 2018, 132 Stat. 3517, 3519, provided that, effective at the end of the transition period, as defined in section 9681 of this title, subsection (b)(2) of this section is amended by striking “Overseas Private Investment Corporation” and inserting “United States International Development Finance Corporation”. See 2018 Amendment note below.

References in Text

The Export-Import Bank Act of 1945, referred to in subsec. (b)(1), is act July 31, 1945, ch. 341, 59 Stat. 526, as amended, which is classified generally to subchapter I (§ 635 et seq.) of chapter 6A of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 635 of Title 12 and Tables.

Amendments

2018—Subsec. (b)(2). Pub. L. 115–254, which directed amendment of “section 449B(b)(2)” of the Foreign Assistance Act of 1961 by substituting “United States International Development Finance Corporation” for “Overseas Private Investment Corporation”, was executed to this section, which is section 499B of the Foreign Assistance Act of 1961, to reflect the probable intent of Congress.

Effective Date of 2018 Amendment

Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of this title, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.