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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. § 262p4g Directives regarding government-owned enterprises in countries receiving IADB loans us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 262p4g 22 U.S.C. § 262p4g 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/s262p4g data/legal/raw/us/code/title-22/usc22.xml 32304aea098a0b44230ab0183f7978e791a0704053368b24509a6bb0b3d26827 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 7e8f4d6834b187733f83e71f83b0dfdb2d7e28eefb8d74b2d5b4271628aaf2e3 2026-07-04 official
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22 U.S.C. § 262p4g - Directives regarding government-owned enterprises in countries receiving IADB 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 Inter-American Development Bank 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 to transform enterprises owned, in whole or in 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.

(Pub. L. 95118, title XVI, § 1612, as added Pub. L. 101240, title II, § 206, Dec. 19, 1989, 103 Stat. 2499.)

Notes

Editorial Notes

Prior ProvisionsA prior section 1612 of Pub. L. 95118 was renumbered section 1622 and is classified to section 262p5 of this title.

Statutory Notes and Related Subsidiaries

Definitions The definitions in section 262p5 of this title apply to this section.