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United States · Bill · HR

H.R. 2798 (110th)

Overseas Private Investment Corporation Reauthorization Act of 2008

openUnited States· United States Congress· EN

Introduced

20 June 2007

Last action

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Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 593.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Overseas Private Investment Corporation Reauthorization Act of 2007 - 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. Revises international worker rights provisions. Requires OPIC to institute a climate change mitigation action plan. Prohibits OPIC from approving any contract for any project which significantly involves an extractive industry (as defined by this Act) without: (1) prior congressional notification; and (2) investor and host country agreement to implement Extractive Industries Transparency Initiative principles. Prohibits OPIC from providing assistance for: (1) any railway connection that does not traverse or connect with Armenia and does connect Azerbaijan and Turkey; (2) a project with North Korea, Sudan, or Iran; or (3) an energy sector project of $20 million or more. Provides for increased project transparency. Authorizes OPIC programs in Iraq.

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Documents

14 official files

Reported to Senate (text)

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