FEDERAL · 22 U.S.C. · Chapter 103
Additionality and avoidance of market distortion
Current through Pub. L. 119-102
Title 22 — Foreign Relations and Intercourse·Ch. 103 — BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT·Subch. V
(a)In general
Before the Corporation provides support for a project under subchapter II of this chapter, the Corporation shall ensure that private sector entities are afforded an opportunity to support the project.
(b)Safeguards, policies, and guidelines
The Corporation shall develop appropriate safeguards, policies, and guidelines to ensure that support provided by the Corporation under subchapter II of this chapter—
(1)supplements and encourages, but does not compete with, private sector support;
(2)operates according to internationally recognized best practices and standards with respect to ensuring the avoidance of market distorting government subsidies and the crowding out of private sector lending; and
(3)does not have a significant adverse impact on United States employment.
Free access — add to your briefcase to read the full text and ask questions with AI
22 U.S.C. § 9672 (Additionality and avoidance of market distortion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Pub. L. 115–254, div. F, title V, §1452, Oct. 5, 2018, 132 Stat. 3509.)