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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 22 U.S.C. § 262p–4b | Directives regarding government-owned enterprises in countries receiving World Bank loans | us | united_states_code | code_section | 22 | FOREIGN RELATIONS AND INTERCOURSE | 7 | INTERNATIONAL BUREAUS, CONGRESSES, ETC. | 262p–4b | 22 U.S.C. § 262p–4b | 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/s262p–4b | data/legal/raw/us/code/title-22/usc22.xml | 2b6e19687c0f6b621e38a89ceafe3ab44bffb77921ab65ac8dd22b9ce9265141 | b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 | 4d471b71529c2e34c1838494fdb4c623349119fa037ffff9c878ba9967c9cd80 | 2026-07-04 | official |
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22 U.S.C. § 262p–4b - Directives regarding government-owned enterprises in countries receiving World Bank loans
Text
(a) Finding The Congress finds that a principal focus of United States Government policy in the multilateral development banks has been and should be to foster greater development of the private sector in member borrowing countries of such banks.
(b) Technical assistance to transform government-owned enterprises into privately owned enterprises In order to assist and strengthen the advancement of ongoing efforts to have the International Bank for Reconstruction and Development play a key role in building a viable private sector in member borrowing countries of such bank, and to further assist such bank in its determination to facilitate the transfer of government-owned enterprises in such countries to private ownership, the Secretary of the Treasury shall instruct the United States Executive Director of such bank to vigorously encourage the provision of technical assistance to such countries (relying, where appropriate, on the expertise of the International Finance Corporation or the Multilateral Investment Guarantee Agency) to transform enterprises owned, in whole or part, by the governments of such countries into privately owned, self-sufficient enterprises. Such technical assistance may involve the valuation of the assets of such government-owned enterprises, the assessment of tender offers, and the creation or strengthening of market-based mechanisms to facilitate such a transfer of ownership.
(c) Reports (1) In general The United States Executive Director of the International Bank for Reconstruction and Development shall submit 3 reports to the Congress on—
(A) the progress made in transforming government-owned enterprises into privately owned enterprises as described in subsection (b);
(B) the performance of the privately owned enterprises resulting from such transformation; and
(C) the contributions of development finance companies toward strengthening the private sector in member borrowing countries.
(2) Timing The United States Executive Director of the International Bank for Reconstruction and Development shall submit to the Congress the first report required by paragraph (1) within 1 year after October 1, 1988, and shall submit additional reports 12 months, and 24 months, after the date the first report is submitted.
(Pub. L. 95–118, title XVI, § 1607, as added Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36.)
Notes
Editorial Notes
Codification Section 1607 of Pub. L. 95–118 is based on section 7 of H.R. 4645, One Hundredth Congress, as reported Sept. 28, 1988, and enacted into law by Pub. L. 100–461.
Statutory Notes and Related Subsidiaries
Definitions The definitions in section 262p–5 of this title apply to this section.