§ 290k-2. — Instructions for United States Director.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC290k-2]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXVI--MULTILATERAL INVESTMENT GUARANTEE AGENCY
Sec. 290k-2. Instructions for United States Director
Immediately after taking office and prior to the issuance by the
Agency of its first guarantee, the United States Director of the Agency
shall propose and actively seek the adoption by the Board of Directors
of policies and procedures under which the Agency will not issue
guarantees in respect of any proposed investment that would--
(1) be in any country which has not taken or is not taking steps
to afford internationally recognized workers' rights to workers in
that country;
(2) be subject to trade-distorting performance requirements
imposed by the host country that are likely to result in a
significant net reduction in--
(A) employment in the United States or other member
countries; or
(B) other trade benefits likely to accrue to the United
States or other member countries from the investment; or
(3) increase a country's productive capacity in an industry
already facing excess worldwide capacity for the same, similar or
competing product, and cause substantial injury to producers of such
product in another member country.
(Pub. L. 100-202, Sec. 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329-
131, 1329-134.)
Codification
Section is based on section 405 of title IV of H.R. 3750, One
Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by
Pub. L. 100-202.
Section Referred to in Other Sections
This section is referred to in section 290k-3 of this title.
