[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2438 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2438

     To extend the authorities of the Overseas Private Investment 
     Corporation through fiscal year 1995, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

           September 19 (legislative day, September 12), 1994

 Mr. Sarbanes introduced the following bill; which was read twice and 
             referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
     To extend the authorities of the Overseas Private Investment 
     Corporation through fiscal year 1995, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``OPIC Amendments Act of 1994''.

SEC. 2. RAISING CEILING ON INSURANCE.

    Section 235(a)(1) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(1)) is amended by striking ``$9,000,000,000'' and inserting 
``$12,000,000,000''.

SEC. 3. RAISING CEILING ON INVESTMENT GUARANTEES.

    Section 235(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(2)) is amended--
            (1) by striking subparagraph (B);
            (2) by striking ``(A)'' after ``Guarantees.--''; and
            (3) by striking ``$2,500,000,000'' and inserting 
        ``$5,000,000,000''.

SEC. 4. EXTENDING ISSUING AUTHORITY.

    Section 235(a)(3) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2195(a)(3)) is amended by striking ``1994'' and inserting ``1995''.

SEC. 5. ADMINISTRATIVE EXPENSES.

    Section 235 of the Foreign Assistance Act of 1961 (22 U.S.C. 2195) 
is amended by striking subsection (g).
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