Page:United States Statutes at Large Volume 92 Part 1.djvu/270

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PUBLIC LAW 95-000—MMMM. DD, 1978

92 STAT. 216

Ante, p. 214.

PUBLIC LAW 95-268—APR. 24, 1978 for any new or significantly expanded project involving the exploration for or the mining of or other extraction of copper if such new or expanded production of copper is planned to begin before January 1, 1981, and the Corporation shall not support SLUJ such project which would begin production after such date if the project will cause injury to the primary United States copper industry. " (k) The Corporation may not provide any insurance, reinsurance, guaranty, financing, or other financial support authorized by section 234 for any project to establish or expand production or processing of palm oil, sugar, or citrus crops for export.". H U M A N RIGHTS

22 USC 2199.

22 USC 2151n.

SEC. 8. Section 239 of the Foreign Assistance Act of 1961, as amended by section 7 of this Act, is further amended by adding at the end thereof the following new subsection: "(1) The Corporation shall take into account in the conduct of its programs in a country, in consultation with the Secretary of State, all available information about observance of and respect for human rights and fundamental freedoms in such countiy and the effect the operation of such programs will have on human rights and fundamental freedoms in such country. The provisions of section 116 of this Act shall apply to any insurance, reinsurance, guaranty, or loan issued by the Corporation for projects in a country, except that in addition to the exception (with respect to benefiting needy people) set forth in subsection (a) of such section, the Corporation may support a project if the national security interest so requires.". SMALL BUSINESS DEVELOPMENT

22 USC 2200.

Ante, p. 213.

SEC. 9. The Foreign Assistance Act of 1961 is amended by inserting after section 239 the following new section: "SEC. 240. SMALL BUSINESS DEVELOPMENT.—The Corporation shall undertake, in cooperation with appropriate departments, agencies, and instrumentalities of the United States as well as private entities and others, to broaden the participation of United States small business, cooperatives, and other small United States investors in the development of small private enterprise in less developed friendly countries or areas. The Corporation shall allocate up to 50 per cent oi its annual net income, after making suitable provision for transfers and additions to reserves, to assist and facilitate the development of projects consistent with the provisions of this section. Such funds may be expended, notwithstanding the requirements of section 231(a), on such terms and conditions as the Corporation may determine, through loans, grants, or other programs authorized by section 234.". REPORTS

22 USC 2200a.

SEC. 10. Section 240A of the Foreign Assistance Act of 1961 is amended to read as follows: Reports to "SEC. 240A. REPORTS TO THE CONGRESS.— (a) After the end of each Congress. fiscal year, the Corporation shall submit to the Congress a complete and detailed report of its operations during such fiscal year. Such report shall include— "(1) an assessment, based upon the development impact proAnte, p. 215. files required by section 239(i), of the economic and social development impact and benefits of the projects with respect to which