[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1032 Placed on Calendar Senate (PCS)]






                                                       Calendar No. 113
105th CONGRESS
  1st Session
                                S. 1032

    To amend the Foreign Assistance Act of 1961 with respect to the 
   authority of the Overseas Private Investment Corporation to issue 
                    insurance and extend financing.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 17, 1997

   Mr. Helms, from the Committee on Foreign Relations, reported the 
    following original bill; which was read twice and placed on the 
                                calendar

_______________________________________________________________________

                                 A BILL


 
    To amend the Foreign Assistance Act of 1961 with respect to the 
   authority of the Overseas Private Investment Corporation to issue 
                    insurance and extend financing.

    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 ``Overseas Private Investment 
Corporation Amendments Act of 1997''.

SEC. 2. AUTHORITY TO ISSUE INSURANCE AND EXTEND FINANCING.

    (a) In General.--Section 235(a) of the Foreign Assistance Act of 
1961 (22 U.S.C. 2195(a)) is amended--
            (1) by striking paragraphs (1) and (2)(A) and inserting the 
        following:
            ``(1) Insurance and financing.--(A) The maximum contingent 
        liability outstanding at any one time pursuant to insurance 
        issued under section 234(a), and the amount of financing issued 
        under sections 234 (b) and (c), shall not exceed in the 
        aggregate $29,000,000,000.'';
            (2) by redesignating paragraph (3) as paragraph (2); and
            (3) by amending paragraph (2) (as so redesignated) by 
        striking ``1997'' and inserting ``1999''.
    (b) Conforming Amendment.--Paragraph (2) of section 235(a) of that 
Act (22 U.S.C. 2195(a)), as redesignated by subsection (a), is further 
amended by striking ``(a) and (b)'' and inserting ``(a), (b), and 
(c)''.
                                     





                                                       Calendar No. 113

105th CONGRESS

  1st Session

                                S. 1032

_______________________________________________________________________

                                 A BILL

    To amend the Foreign Assistance Act of 1961 with respect to the 
   authority of the Overseas Private Investment Corporation to issue 
                    insurance and extend financing.

_______________________________________________________________________

                             July 17, 1997

                 Read twice and placed on the calendar