114 STAT. 1092 PUBLIC LAW 106-309—OCT. 17, 2000 "(5) the promotion of good governance through combating corruption and improving trgmsparency and accountability.". (b) DEVELOPMENT ASSISTANCE POLICY.— Section 102(b) of the Foreign Assistance Act of 1961 (22 U.S.C. 2151-l(b)) is amended— (1) in paragraph (4)— (A) by striking "and" at the end of subparagraph (E); (B) in subparagraph (F), by striking the period at the end and inserting "; and"; and (C) by adding at the end the following: "(G) progress in combating corruption and improving transparency and accountability in the public and private sector."; and (2) by adding at the end the following: "(17) Economic reform and development of effective institutions of democratic governance are mutually reinforcing. The successful transition of a developing country is dependent upon the quality of its economic and governance institutions. Rule of law, mechanisms of accountability and transparency, security of person, property, and investments, are but a few of the critical governance and economic reforms that underpin the sustainability of broad-based economic growth. Programs in support of such reforms strengthen the capacity of people to hold their governments accountable and to create economic opportunity. ". SEC. 204. DEPARTMENT OF THE TREASURY TECHNICAL ASSISTANCE PROGRAM FOR DEVELOPING COUNTRIES. Section 129(b) of the Foreign Assistance Act of 1961 (22 U.S.C. 2151aa(b)) is amended by adding at the end the following: " (3) EMPHASIS ON ANTI-CORRUPTION.— Such technical assistance shall include elements designed to combat anti-competitive, unethical, and corrupt activities, including protection against actions that may distort or inhibit transparency in market mechanisms and, to the extent applicable, privatization procedures.". SEC. 205. AUTHORIZATION OF GOOD GOVERNANCE PROGRAMS. (a) IN GENERAL. —Chapter 1 of part I of the Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.), as amended by sections 105 and 107, is further amended by adding at the end the following: 22 USC 2152c. "SEC. 133. PROGRAMS TO ENCOURAGE GOOD GOVERNANCE. "(a) ESTABLISHMENT OF PROGRAMS. — President. "(1) IN GENERAL. —The President is authorized to establish programs that combat corruption, improve transparency and accountability, and promote other forms of good governance in countries described in paragraph (2). "(2) COUNTRIES DESCRIBED. — A country described in this paragraph is a country that is eligible to receive assistance under this part (including chapter 4 of part II of this Act) or the Support for East European Democracy (SEED) Act of 1989. "(3) PRIORITY. —In canning out paragraph (1), the President shall give priority to establishing programs in countries that received a significant amount of United States foreign assistance for the prior fiscal year, or in which the United States has a significant economic interest, and that continue to have
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