Overseas Private Investment Corporation Amendments Act of 1974

[AI summary unavailable — showing source text] Overseas Private Investment Corporation Amendments Act - Authorizes the Overseas Private Investment Corporation to issue insurance to eligible investors assuring protection in whole or in part against any or all of the following risks with respect to projects which the Corporation has approved: (1) inability to convert into United States dollars other currencies, or credits in such currencies, received from the approved project; (2) loss of investment due to expropriation or confiscation by action of a foreign government; and (3) loss due to war, revolution, or insurrection. Provides that the Corporation may make arrangements with foreign governments or multilateral organizations for sharing liabilities assumed under investment insurance and may issue insurance to investors not otherwise eligible. Declares that it is the intention of Congress that the aggregate participation of the Corporation as insurer with respect to risks shall not exceed specified percentages, in any one country, of the value of all insurance to eligible investors. Authorizes to be appropriated to the Corporation such amounts as may be necessary from time to time to: (1) replenish or increase the insurance and…