PUBLIC LAW 108–158—DEC. 3, 2003
117 STAT. 1949
Public Law 108–158 108th Congress An Act To amend the Foreign Assistance Act of 1961 to reauthorize the Overseas Private Investment Corporation, and for other purposes.
Dec. 3, 2003 [S. 1824]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Overseas Private Investment Corporation Amendments Act of 2003. 22 USC 2151 note.
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Overseas Private Investment Corporation Amendments Act of 2003’’. SEC. 2. ISSUING AUTHORITY.
Section 235(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(2)) is amended by striking ‘‘November 1, 2000’’ and inserting ‘‘2007’’. SEC. 3. TECHNICAL CORRECTIONS.
(a) ADMINISTRATIVE COSTS.—Section 235(a)(1)(B) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(1)(B)) is amended by striking ‘‘subsidy cost’’ and inserting ‘‘subsidy and administrative costs’’. (b) NONCREDIT ACCOUNT REVOLVING FUND.—Section 235(c) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(c)) is amended— (1) in the first sentence— (A) by striking ‘‘an insurance and guaranty fund, which shall have separate accounts to be known as the Insurance Reserve and the Guaranty Reserve, which reserves’’ and inserting ‘‘a noncredit account revolving fund, which’’; and (B) by striking ‘‘such reserves have’’ and inserting ‘‘of the fund has’’; (2) by striking the third sentence; and (3) in the last sentence, by striking ‘‘reserves’’ and inserting ‘‘fund’’. (c) PAYMENTS TO DISCHARGE LIABILITIES.—Section 235(d) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(d)) is amended— (1) in the first sentence, by striking ‘‘Insurance Reserve, as long as such reserve’’ and inserting ‘‘noncredit account revolving fund, as long as such fund’’; and (2) in the second sentence, by striking ‘‘or under similar predecessor guaranty authority’’ and all that follows through ‘‘subsection (f) of this section’’ and inserting ‘‘or 234(c) shall be paid in accordance with the Federal Credit Reform Act of 1990’’. (d) AUTHORIZATION OF APPROPRIATIONS.—Section 235(f) of the Foreign Assistance Act of 1961 (22 U.S.C. 2195(f)) is amended—
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