22 U.S.C. · Foreign Relations and Intercourse
22 U.S.C. § 9672

Additionality and avoidance of market distortion

Ch. 103 — BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT
Title 22 U.S.C. ● ACTIVE Primary Source Ch. 103
Statutory Text

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

U.S.C. Title 22 - FOREIGN RELATIONS AND INTERCOURSE 22 U.S.C. United States Code, 2023 Edition Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 103 - BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT SUBCHAPTER V - CONDITIONS, RESTRICTIONS, AND PROHIBITIONS Sec. 9672 - Additionality and avoidance of market distortion From the U.S. Government Publishing Office, www.gpo.gov

§9672. Additionality and avoidance of market distortion

(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.

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

Source: uscode.house.gov — public domain Official Source ↗
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22 U.S.C. § 9672
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The statutory text of 22 U.S.C. § 9672 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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