Overseas Private Investment Corporation Amendments Act of 1985

Summary

Overseas Private Investment Corporation Amendments Act of 1985 - Amends the Foreign Assistance Act of 1961 to increase the per capita income minimums that qualify less developed countries for preferential consideration for Overseas Private Investment Corporation (OPIC) projects. Increases the number of OPIC employees whose appointments are not subject to civil service laws and regulations. Authorizes OPIC to insure against loss due to business interruption. (Current law authorizes insurance against civil strife.) Requires OPIC to report to the Congress, before issuing such insurance, an explanation of the underwriting basis upon which the business interruption insurance is to be offered. Increases from ten to 25 percent of contingent liability of investment guaranties which OPIC is authorized to issue to a single investor. Extends OPIC's authority to issue investment insurance through FY 1989. Authorizes OPIC to determine the basis for computing loss due to business interruption. Authorizes OPIC to hire an accounting firm to audit its accounts. Authorizes the General Accounting Office to conduct such audits at least every three years and report such audit to the Congress. Exempts OPIC from taxation. Deletes the provision requiring OPIC to return to the Treasury funds appropriated to OPIC before January 1, 1975. Increases the number of development assistance personnel whose appointments are exempted from civil service laws. Amends the Federal criminal code to prohibit the use of the words "Overseas Private Investment," "Overseas Private Investment Corporation," or "OPIC" as part of a private business.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 April 1985

   Introduced

   Read twice and referred to the Committee on Foreign Relations.

   Source: IntroReferral

2. 18 April 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 25 July 1985

   Committee

   Subcommittee on International Economic Policy. Hearings held.

   Source: Committee

4. 24 September 1985

   Committee

   Committee on Foreign Relations. Committee consideration and Mark Up Session held.

   Source: Committee

5. 1 October 1985

   Reported

   Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

6. 10 October 1985

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 343.

   Source: Calendars

7. 10 October 1985

   Reported

   Committee on Foreign Relations. Reported to Senate by Senator Lugar with an amendment in the nature of a substitute. With written report No. 99-156.

   Source: Committee

8. 10 October 1985

   Reported

   Committee on Foreign Relations. Reported to Senate by Senator Lugar with an amendment in the nature of a substitute. With written report No. 99-156.

   Source: Committee

9. 14 November 1985

   Passed

   Passed/agreed to in Senate: Passed Senate with amendments by Voice Vote.

   Source: Floor

10. 14 November 1985

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

11. 3 December 1985

    ResolvingDifferences

    House Requested a Conference and Speaker Appointed Conferees: Fascell, Hamilton, Bonker, Mica, Gejdenson, Berman, Broomfield, Lagomarsino, Roth, Bereuter.

    Source: ResolvingDifferences

12. 3 December 1985

    ResolvingDifferences

    House Insisted on its Amendments by Voice Vote.

    Source: ResolvingDifferences

13. 3 December 1985

    NotUsed

    Resolving differences -- House actions: House Insisted on its Amendments by Voice Vote.

    Source: NotUsed

14. 3 December 1985

    Floor

    House Incorporated H.R.3166 in This Measure as an Amendment.

    Source: Floor

15. 3 December 1985

    Passed

    Passed House (Amended) by Voice Vote.

    Source: Floor

16. 3 December 1985

    Passed

    Passed/agreed to in House: Passed House (Amended) by Voice Vote.

    Source: Floor

17. 3 December 1985

    Floor

    Called up by House by Unanimous Consent.

    Source: Floor

18. 5 December 1985

    Passed

    Senate agreed to request for conference. Appointed conferees. Lugar; Mathias; Evans; Pell; Sarbanes.

    Source: ResolvingDifferences

19. 5 December 1985

    Passed

    Senate disagreed to the House amendments by Voice Vote.

    Source: Floor

20. 5 December 1985

    Passed

    Resolving differences -- Senate actions: Senate disagreed to the House amendments by Voice Vote.

    Source: NotUsed

21. 10 December 1985

    ResolvingDifferences

    Conference Report 99-428 Filed in House.

    Source: ResolvingDifferences

22. 10 December 1985

    ResolvingDifferences

    Conference report filed: Conference Report 99-428 Filed in House.

    Source: ResolvingDifferences

23. 10 December 1985

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

24. 10 December 1985

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

25. 11 December 1985

    Passed

    House Agreed to Conference Report by Voice Vote.

    Source: ResolvingDifferences

26. 11 December 1985

    Passed

    Conference report agreed to in House: House Agreed to Conference Report by Voice Vote.

    Source: ResolvingDifferences

27. 12 December 1985

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

28. 12 December 1985

    Floor

    Measure Signed in Senate.

    Source: Floor

29. 12 December 1985

    ResolvingDifferences

    Conference report considered in Senate.

    Source: ResolvingDifferences

30. 13 December 1985

    Floor

    Presented to President.

    Source: Floor

31. 13 December 1985

    President

    Presented to President.

    Source: President

32. 23 December 1985

    Became law

    Became Public Law No: 99-204.

    Source: President

33. 23 December 1985

    President

    Signed by President.

    Source: President

34. 23 December 1985

    Became law

    Signed by President.

    Source: BecameLaw

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 24 December 1985

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 10 December 1985

  Open at official source

• Passed House amended

  summary · EN · 3 December 1985

  Open at official source

• Passed Senate amended

  summary · EN · 14 November 1985

  Open at official source

• Reported to Senate with amendment(s)

  summary · EN · 10 October 1985

  Open at official source

• Introduced in Senate

  summary · EN · 18 April 1985

  Open at official source

Sponsors

• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• · ssfr00 · Standing

Related records

• related to → Overseas Private Investment Corporation Amendments Act of 1985
• related to → Overseas Private Investment Corporation Amendments Act of 1985