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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 9656 Notifications to be provided by the Corporation us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 103 BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT 9656 22 U.S.C. § 9656 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s9656 data/legal/raw/us/code/title-22/usc22.xml 7e3851469111a14c81fdeaebce7c8c31d9124a98942aab3ec193b311a1522f4e b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 1fd0ac623fa23fcca5b17a007853048a50843b51fd229090ee04398ae883af9b 2026-07-04 official
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22 U.S.C. § 9656 - Notifications to be provided by the Corporation

Text

(a) In general Not later than 15 days prior to the Corporation making a financial commitment associated with the provision of support under subchapter II of this title in an amount in excess of $20,000,000, the Chief Executive Officer of the Corporation shall submit to the appropriate congressional committees a report in writing that contains the information required by subsection (b).

(b) Information required The information required by this subsection includes—

(1) the amount of each such financial commitment;

(2) an identification of the recipient or beneficiary;

(3) a description of the project, activity, or asset and the Corporations impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation; and

(4) (A) information relating to whether the Corporation has accepted a creditor status that is subordinate to that of other creditors in the project, activity, or asset; and

(B) for all projects, activities, or assets that the Corporation has accepted a creditor status that is subordinate to that of other creditors the Corporation shall include a description of the substantive policy rationale required by section 9623(b)(12) of this title that influenced the decision to accept such a creditor status.

(c) Bilateral agreements The Chief Executive Officer of the Corporation shall notify the appropriate congressional committees not later than 30 days after entering into a new bilateral agreement described in section 9631(a) of this title.

(Pub. L. 115254, div. F, title IV, § 1446, Oct. 5, 2018, 132 Stat. 3507; (As amended Pub. L. 11960, div. H, title LXXXVII, § 8757, Dec. 18, 2025, 139 Stat. 1967.)

Notes

Editorial Notes

Amendments2025—Subsec. (a). Pub. L. 11960, § 8757(1), substituted “$20,000,000” for “$10,000,000”. Subsec. (b)(3). Pub. L. 11960, § 8757(2)(B)(i), inserted “the Corporations impact quotient outlining” after “asset and”. Subsec. (b)(4). Pub. L. 11960, § 8757(2)(B)(ii), (C), added par. (4).