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108 STAT. 4098 PUBLIC LAW 103-392—OCT. 22, 1994 Public Law 103-392 103d Congress An Act Oct. 22, 1994 To extend the authorities of the Overseas Private Investment Corporation, and [H.R. 4950] for other purposes. Be it enacted by the Senate and House of Representatives of Jobs Through the United States of America in Congress assembled, Trade Expansion ^ct of 1994. SECTION 1. SHORT TITLE. note. This Act may be cited as the "Jobs Through Trade Expansion Act of 1994". TITLE I—OVERSEAS PRIVATE INVESTMENT CORPORATION SEC. 101. RAISING CEILING ON INSURANCE. Section 235(a)(1) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(1)) is amended by striking "$9,000,000,000 " and inserting "$13,500,000,000". SEC. 102. RAISING CEILING ON FINANCING. Section 235(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(2)) is amended to read as follows: "(2) FINANCING. — (A) The maximum contingent liability outstanding at any one time pursuant to financing issued under subsections (b) and (c) of section 234 shall not exceed in the aggregate $9,500,000,000. "(B) Subject to spending authority provided in appropriations Acts pursuant to section 504(b) of the Federal Credit Reform Act of 1990, the Corporation is authorized to transfer such sums as are necessary from its noncredit activities to pay for the subsidy cost of the investment guaranties and direct loan programs under subsections (b) and (c) of section 234.". SEC. 103. EXTENDING ISSUING AUTHORITY. Section 235(a)(3) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(3)) is amended by striking "1994" and inserting "1996". SEC. 104. ADMINISTRATIVE EXPENSES. Section 235 of the Foreign Assistance Act of 1961 (22 U.S.C. 2195) is amended by striking subsection (g).
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