22 U.S.C. § 9672 — Additionality and avoidance of market distortion

FEDERAL · 22 U.S.C. · Chapter SUBCHAPTER V—CONDITIONS, RESTRICTIONS, AND PROHIBITIONS

Additionality and avoidance of market distortion

22 U.S.C. § 9672

Title22 — Foreign Relations and Intercourse

ChapterSUBCHAPTER V—CONDITIONS, RESTRICTIONS, AND PROHIBITIONS

This text of 22 U.S.C. § 9672 (Additionality and avoidance of market distortion) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

22 U.S.C. § 9672.

Text

(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

(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.

Source Credit

History

(Pub. L. 115–254, div. F, title V, §1452, Oct. 5, 2018, 132 Stat. 3509.)

Cite This Page — Counsel Stack

Bluebook (online)

22 U.S.C. § 9672, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/9672.