HR 11532 · 94th Congress · Foreign Trade and International Finance
A bill to require certain actions by the Overseas Private Investment Corporation.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on International Relations.(1976-01-27)
Plain Language Summary
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Directs the Overseas Private Investment Corporation, under the Foreign Assistance Act of 1961, to issue regulations for the automatic termination of any insurance or reinsurance, issued after enactment of this legislation and applicable to any investor, upon the knowledge that such investor has made any significant payment to any foreign official in violation of laws in the country in which such investor's project is being carried out. Prohibits the Corporation from advising or directing any person to violate the laws of the United States or a foreign country.…
Summarized by Claude AI · Non-partisan · For informational purposes only