Page:United States Statutes at Large Volume 102 Part 2.djvu/324

This page needs to be proofread.
PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 1328

PUBLIC LAW 100-418—AUG. 23, 1988 (6) acts, policies, and practices that provide direct or indirect government support for exports from that country, including exports by small businesses; (7) the extent to which the country's laws and enforcement of those laws afford adequate protection to United States intellectual property, including patents, trademarks, copyrights, and mask works; and (8) the country's laws, enforcement of those laws, and practices with respect to internationaly recognized worker rights (as defined in section 502(a)(4) of the Trade Act of 1974), the conditions of worker rights in any sector which produces goods in which United States capital is invested, and the extent of such investment.

SEC. 2203. OVERSEAS PRIVATE INVESTMENT CORPORATION. 22 USC 2191 note.

Loans.

(a)

REAFFIRMATION OF SUPPORT FOR O P I C. — The Congress

re-

affirms its support for the Overseas Private Investment Corporation as a United States Government agency serving important development assistance goals. In order to enhance the Corporation's ability to meet these goals, the Overseas Private Investment Corporation should increase its loan guaranty and direct investment programs. (b) INCREASE IN GUARANTIES AND DIRECT INVESTMENTS.—

(1) LOAN GUARANTIES.—Section 235(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)) is amended— (A) in paragraph (2) by striking "$750,000,000" and inserting "$1,000,000,000"; (B) by redesignating paragraph (5) as paragraph (6); and (C) by inserting after paragraph (4) the following: "(5) Subject to paragraphs (2), (3), and (4), the O)rporation shall issue guaranties under section 234(b) having an aggregate contingent liability with respect to principal of not less than $200,000,000 in each fiscal year, to the extent that there are eligible projects which meet the Corporation's criteria for such guaranties.". (2) DIRECT INVESTMENT.—Section 235(b) of the Foreign Assistance Act of 1961 is amended— (A) by striking the comma after "Act of 1981" and inserting a period; and (B) by striking "and the Corporation shall use" and all that follows through "funding^' and inserting the following: "The Corporation shall msdke loans under section 234(c) in an aggregate amount of not less than $25,000,000 in each fiscal year, to the extent that there are eligible projects which meet the Corporation's criteria for such loans". (c) OPERATIONS OF THE OVERSEAS PRIVATE INVESTMENT CORPORATION IN THE PEOPLE'S REPUBLIC OF CHINA.—Section 231A(a) of the

22 USC 2191a.

22 USC 2421 note.

Foreign Assistance Act of 1961 is amended by adding at the end the following new paragraph: "(4) In making a determination under this section for the People's Republic of China, the Corporation shall discuss fully and completely the justification for making such determination with respect to each item set forth in subparagraphs (A) through (E) of section 502(a)(4) of the Trade Act of 1974.". SEC. 2204. TRADE AND DEVELOPMENT PROGRAM. (a) REAFFIRMATION OF SUPPORT FOR TRADE AND DEVELOPMENT

PROGRAM.—The Congress reaffirms its support for the Trade and Development Program, and believes that the Program's ability to