HR 4996 · 102th Congress · International Affairs

Jobs Through Exports Act of 1992

Introduced 1992-04-28· Sponsored by Rep. Gejdenson, Sam [D-CT-2]· House

Bill Progress

1
Introduced
Committee
3
House Vote
4
Senate
Enacted
Latest: Became Public Law No: 102-549.(1992-10-28)

Plain Language Summary

[AI summary unavailable — showing source text] Jobs Through Exports Act of 1992 - Title I: Overseas Private Investment Corporation - Overseas Private Investment Corporation Amendments Act of 1992 - Amends the Foreign Assistance Act of 1961 to revise provisions concerning the Overseas Private Investment Corporation (OPIC). Provides that a country or areas within a country may be eligible for OPIC assistance if: (1) the country has established diplomatic relations with the United States; (2) the country or area is a developing country or area, or a country in transition from a nonmarket to market economy; and (3) the country respects human rights. Raises the ceiling on the per capita income levels of countries established for purposes of granting preferential consideration for, or restricting, OPIC investment projects. Authorizes OPIC, in any case in which a country no longer meets eligibility criteria, to continue its programs in the country but prohibits the extension of new assistance with respect to projects involving the country's government. Requires the Secretary of the Treasury to hold OPIC's capital stock. Authorizes OPIC to establish an equity finance program (currently, a four-year pilot program to be conducted only in…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

16 Democrats4 Republicans