§ 290l-8. — Congressional consultations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC290l-8]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXVII--EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
Sec. 290l-8. Congressional consultations
During negotiations on the establishment of operational guidelines
for the Bank, the Secretary of the Treasury shall--
(A) consult on a regular and timely basis with the Committee on
Banking, Finance and Urban Affairs and the Committee on
Appropriations of the House of Representatives, and the Committee on
Foreign Relations and the Committee on Appropriations of the Senate;
(B) seek to ensure that procedures and mechanisms are
established, including the creation of specific departments or
staffs within the Bank, which will allow the Bank to assess the
impact of any loans, guarantees, or other activities on the
environment and on internationally recognized human rights in
borrower countries; and
(C) report, through consultation within 90 days after November
5, 1990, to the Committees specified in subparagraph (A) on the
progress of efforts to create such procedures and mechanisms.
(Pub. L. 101-513, title V, Sec. 562(c)(11), Nov. 5, 1990, 104 Stat.
2036.)
Change of Name
Committee on Banking, Finance and Urban Affairs of House of
Representatives treated as referring to Committee on Banking and
Financial Services of House of Representatives by section 1(a) of Pub.
L. 104-14, set out as a note preceding section 21 of Title 2, The
Congress. Committee on Banking and Financial Services of House of
Representatives abolished and replaced by Committee on Financial
Services of House of Representatives, and jurisdiction over matters
relating to securities and exchanges and insurance generally transferred
from Committee on Energy and Commerce of House of Representatives by
House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.
Goals in Negotiations Concerning Structure, Bylaws, and Operating
Procedures of Bank
Section 584 of Pub. L. 101-513 provided that: ``In all negotiations
concerning the structure, bylaws, and operating procedures of the
European Bank for Reconstruction and Development (EBRD), the Secretary
of the Treasury shall vigorously seek--
``(1) establishment of procedures for environmental assessment
of all proposed operations with potentially significant
environmental impacts;
``(2) establishment of an environmental unit with sufficient
staff to review proposed operations, monitor compliance with
environmental provisions, and provide overall policy guidance;
``(3) establishment of procedures for systematic consultation
with and involvement of the public and interested nongovernmental
organizations, including an opportunity for comment by local
communities which may be affected by EBRD operations and
establishment of a system of public notification and comment during
the development of EBRD policies and operating procedures; and
``(4) agreement that a significant portion of the EBRD's funds
shall be devoted to projects focused on environmental restoration
and protection.''
