US HB4980 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on March 25 2010 - 25% progression, died in committee
Action: 2010-03-25 - Referred to the House Committee on Foreign Affairs.
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 25 2010 - 25% progression, died in committee
Action: 2010-03-25 - Referred to the House Committee on Foreign Affairs.
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Kick OPIC Act of 2010 - Prohibits the Overseas Private Investment Corporation (OPIC) from issuing insurance, guaranties, or reinsurance, making loan, acquiring securities, or entering into risk sharing arrangements under the Foreign Assistance Act of 1961, effective 60 days after enactment of this Act. Abolishes OPIC 180 days after enactment. Requires the Director of the Office of Management and Budget (OMB) to perform the functions of OPIC with respect to any outstanding contracts and agreements until their expiration and to take necessary steps to wind up the affairs of OPIC. Sets forth provisions regarding the termination of OPIC authorities, the transfer of funds, and the effect on prior determinations and pending proceedings.
Title
Kick OPIC Act of 2010
Sponsors
Sen. Jeff Flake [R-AZ] | Rep. Patrick Murphy [R-PA] | Rep. Edward Royce [R-CA] |
History
Date | Chamber | Action |
---|---|---|
2010-03-25 | Referred to the House Committee on Foreign Affairs. |
Subjects
Executive agency funding and structure
Foreign trade and international finance
Government corporations and government-sponsored enterprises
Overseas Private Investment Corporation (OPIC)
U.S. and foreign investments
Foreign trade and international finance
Government corporations and government-sponsored enterprises
Overseas Private Investment Corporation (OPIC)
U.S. and foreign investments
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/4980/all-info |
Text | https://www.congress.gov/111/bills/hr4980/BILLS-111hr4980ih.pdf |