HR 3603 · 95th Congress · Investment guaranty insurance

A bill to provide for termination of investment insurance and guaranties issued by the Overseas Private Investment Corporation in any case in which the investor makes a significant payment to an official of a foreign government for the purpose of influencing the actions of such government.

Introduced 1977-02-16· Sponsored by Rep. Solarz, Stephen J. [D-NY-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on International Relations.(1977-02-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Foreign Assistance Act of 1961 to require the Overseas Private Investment Corporation to terminate insurance or reinsurance issued to any investor, upon a Corporation determination that such investor has offered or paid, directly or indirectly, any significant amount of money (or anything of significant value) to a foreign official to influence any decision of a foreign government.…

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

Cosponsors (20)

16 Democrats3 Republicans1 Independent