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Latest Action: 03/04/2008 - Committee on Foreign Relations. Reported by Senator Biden with an amendment in the nature of a substitute. With written report No. 110-273.

Bill Text
To reauthorize the programs of the Overseas Private Investment Corporation, and for other purposes. 3/4/2008--Reported to Senate amended.    (There are 3 other summaries) Overseas Private Investment Corporation Reauthorization Act of 2008 - (Sec. 2) Amends the Foreign Assistance Act of 1961 to extend Overseas Private Investment Corporation (OPIC) authority to make loans and issue investment insurance and investment guarantees through September 30, 2011.(Sec. 3) States that OPIC may insure, reinsure, guaranty, or finance a project only if the country in which the project is to be undertaken: (1) is eligible for designation as a beneficiary developing country under the Generalized System of Preferences (GSP) and has not been determined to be ineligible for such designation based upon its record on worker rights or child labor; or (2) if not eligible for such GSP designation, the government has taken or is taking steps to afford workers internationally [...]

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Latest Action: 11/14/2007 - Read twice and referred to the Committee on Foreign Relations.

Bill Text
A bill to reauthorize the programs of the Overseas Private Investment Corporation, and for other purposes. 11/14/2007--Introduced. Overseas Private Investment Corporation Reauthorization Act of 2007 - Amends the Foreign Assistance Act of 1961 to reauthorize the Overseas Private Investment Corporation (OPIC) through September 30, 2011. Revises international worker rights provisions. Requires OPIC to institute a climate change mitigation action plan. Requires, with a specified exception, prior to OPIC approval of a Category A extractive industry project (as defined by this Act) or an extractive industry project in which OPIC assistance would be valued at $10 million or more; (1) prior congressional notification; and (2) investor and host country agreement to implement Extractive Industries Transparency Initiative principles or substantially similar principles, and host country adherence to certain accounting procedures as they relate to such projects. [...]

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Latest Action: 10/04/2007 - Read twice and referred to the Committee on Foreign Relations.

Bill Text
To extend for two months the authorities of the Overseas Private Investment Corporation.

9/17/2007--Passed House without amendment.    (There is 1 other summary)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the Foreign Assistance Act of 1961 to extend for two months, from September 30 to November 30, 2007, the authorities of the Overseas Private Investment Corporation (OPIC).

Latest Legislation - View All

Latest Action: 11/14/2007 - Read twice and referred to the Committee on Foreign Relations.

Bill Text
A bill to reauthorize the programs of the Overseas Private Investment Corporation, and for other purposes. 11/14/2007--Introduced. Overseas Private Investment Corporation Reauthorization Act of 2007 - Amends the Foreign Assistance Act of 1961 to reauthorize the Overseas Private Investment Corporation (OPIC) through September 30, 2011. Revises international worker rights provisions. Requires OPIC to institute a climate change mitigation action plan. Requires, with a specified exception, prior to OPIC approval of a Category A extractive industry project (as defined by this Act) or an extractive industry project in which OPIC assistance would be valued at $10 million or more; (1) prior congressional notification; and (2) investor and host country agreement to implement Extractive Industries Transparency Initiative principles or substantially similar principles, and host country adherence to certain accounting procedures as they relate to such projects. [...]

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Latest Action: 10/04/2007 - Read twice and referred to the Committee on Foreign Relations.

Bill Text
To extend for two months the authorities of the Overseas Private Investment Corporation.

9/17/2007--Passed House without amendment.    (There is 1 other summary)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the Foreign Assistance Act of 1961 to extend for two months, from September 30 to November 30, 2007, the authorities of the Overseas Private Investment Corporation (OPIC).

Latest Action: 03/04/2008 - Committee on Foreign Relations. Reported by Senator Biden with an amendment in the nature of a substitute. With written report No. 110-273.

Bill Text
To reauthorize the programs of the Overseas Private Investment Corporation, and for other purposes. 3/4/2008--Reported to Senate amended.    (There are 3 other summaries) Overseas Private Investment Corporation Reauthorization Act of 2008 - (Sec. 2) Amends the Foreign Assistance Act of 1961 to extend Overseas Private Investment Corporation (OPIC) authority to make loans and issue investment insurance and investment guarantees through September 30, 2011.(Sec. 3) States that OPIC may insure, reinsure, guaranty, or finance a project only if the country in which the project is to be undertaken: (1) is eligible for designation as a beneficiary developing country under the Generalized System of Preferences (GSP) and has not been determined to be ineligible for such designation based upon its record on worker rights or child labor; or (2) if not eligible for such GSP designation, the government has taken or is taking steps to afford workers internationally [...]

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