To reauthorize the Overseas Private Investment Corporation and the Trade and Development Agency, and for other purposes.
(Sec. 3) Revises certain OPIC requirements to prohibit the OPIC Board of Directors from voting in favor of any proposed action likely to have significant adverse environmental impacts that are sensitive, diverse, or unprecedented, unless: (1) an environmental impact assessment or initial environmental audit has been completed by the project applicant and made available to the Board of Directors; and (2) such assessment or audit has been made available to the U.S. public, locally affected groups in the host country, and host country nongovernmental organizations. Requires OPIC in conjunction with each Board of Directors' meeting to hold a public hearing in order to afford an opportunity for any person to present views regarding OPIC activities.
(Sec. 4) Revises the composition of the OPIC Board of Directors.
(Sec. 5) Revises the purposes of the Trade and Development Agency to include, with respect to the promotion of U.S. private sector participation in development projects in developing and middle-income countries, special emphasis on economic sectors with significant U.S. export potential, such as energy, transportation, telecommunications, and environment. Directs the Agency to require corporations and other entities to: (1) share the costs of feasibility studies and other project planning services; and (2) reimburse the Agency those funds it has provided, if the corporation or entity concerned succeeds in project implementation. Authorizes appropriations.
(Sec. 6) Requires the Trade Promotion Coordinating Committee (TPCC) to: (1) report on actions taken to eliminate the areas of overlap and duplication identified among Federal export promotion activities; (2) coordinate efforts to sponsor or promote any trade show or trade fair; (3) work with all relevant State and national organizations, including the National Governors' Association, that have established trade promotion offices; and (4) report to Congress on actions taken to promote better coordination among State, Federal, and private sector export promotion activities.
(Sec. 7) Amends the Export Enhancement Act of 1988 to change the deadline for TPCC annual reports from September 30 to March 30.
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 317.
Introduced in House
Introduced in House
Referred to the House Committee on International Relations.
Mr. Gilman moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H12146-12147)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3381.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H12146)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H12146)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S14923)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S14923)
Enacted as Public Law 106-158
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Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 106-158.
Became Public Law No: 106-158.