[Federal Register Volume 84, Number 149 (Friday, August 2, 2019)]
[Rules and Regulations]
[Pages 37751-37752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16250]



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 Rules and Regulations
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 This section of the FEDERAL REGISTER contains regulatory documents 
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  Federal Register / Vol. 84, No. 149 / Friday, August 2, 2019 / Rules 
and Regulations  

[[Page 37751]]



OVERSEAS PRIVATE INVESTMENT CORPORATION

5 CFR Chapter XXXIII

22 CFR Chapter VII


BUILD Act of 2018; Transfer of Regulations

AGENCY: Overseas Private Investment Corporation, US International 
Development Finance Corporation.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Better Utilization of Investments Leading to Development 
(BUILD) Act of 2018 will create the U.S. International Development 
Finance Corporation (DFC) by bringing together the Overseas Private 
Investment Corporation (OPIC) and the Development Credit Authority 
(DCA) office of the U.S. Agency for International Development (USAID). 
The reorganization requires a transfer of administrative regulations 
from OPIC to the new agency.

DATES: Effective October 1, 2019.

FOR FURTHER INFORMATION CONTACT: Nichole Skoyles, Administrative 
Counsel, 202-408-6297, [email protected].

SUPPLEMENTARY INFORMATION: The BUILD Act of 2018 will winddown OPIC and 
combine the capabilities of OPIC and DCA while providing the US with 
more flexibility and tools to support investments in developing 
countries. DFC will be a new, modern agency and requires administrative 
structure to support its mission. DFC will replace OPIC as the 
authority for 5 CFR Chapter XXXIII and 22 CFR Chapter VII and assume 
its administrative regulations which cover ethics restrictions, the 
FOIA, the Privacy Act, the Sunshine Act, the FCPA, nondiscrimination 
provisions, lobbying restrictions, and Touhy regulations in all parts 
under those chapters. Neither OPIC nor DFC currently plan on having 
non-administrative regulations. Other than a change in agency name, 
contact information, and agency authorizing statute, no changes are 
proposed to the existing regulations.

List of Subjects

5 CFR Part 4301

    Conflict of interests, Employment.

22 CFR Part 705

    Conflict of interests.

22 CFR Part 706

    Administrative practice and procedure, Freedom of information, 
Privacy.

22 CFR Part 707

    Privacy.

22 CFR Part 708

    Sunshine Act.

22 CFR Part 709

    U.S. investments abroad.

22 CFR Part 710

    Administrative practice and procedure, Conflict of interest.

22 CFR Part 711

    Administrative practice and procedure, Equal employment 
opportunity, Federal buildings and facilities, Individuals with 
disabilities.

22 CFR Part 712

    Government contracts, Grant programs, Loan programs, Lobbying, 
Penalties, Reporting and recordkeeping requirements.

22 CFR Part 713

    Administrative practice and procedure, Labor management relations, 
State Department

    For the reasons stated in the preamble the Overseas Private 
Investment Corporation amends 5 CFR chapter XXXIII and 22 CFR chapter 
VII as follows:

Title 5

CHAPTER XXXIII--US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION

0
1. Revise the heading for chapter XXXIII to read as set forth above.

PART 4301--SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES 
OF THE US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION

0
2. The authority citation for part 4301 continues to read as follows:

    Authority:  5 U.S.C. 7301; 5 U.S.C. App. (Ethics in Government 
Act of 1978); E.O. 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as 
modified by E.O. 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 
CFR 2635.105, 2635.803.


0
3. Revise the heading for part 4301 to read as set forth above.


Sec.  4301.101   [Amended]

0
4. In Sec.  4301.101, remove the words ``Overseas Private Investment 
Corporation (OPIC)'' and add in their place the words ``US 
International Development Finance Corporation (DFC)'' in the first 
sentence.

Title 22

CHAPTER VII--US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION

0
5. Revise the heading for chapter VII to read as set forth above.

PART 705--EMPLOYEE ETHICAL CONDUCT STANDARDS AND FINANCIAL 
DISCLOSURE REGULATIONS

0
6. Revise the authority citation for part 705 to read as follows:

    Authority:  5 U.S.C. 7301; Pub. L. 115-254, sections 1401-1470.


Sec.  705.101   [Amended]

0
7. In Sec.  705.101:
0
a. Remove the words ``Overseas Private Investment Corporation (OPIC)'' 
and add in their place the words ``US International Development Finance 
Corporation (DFC)''; and
0
b. Remove ``OPIC'' and add in its place ``DFC''.

PART 706--INFORMATION DISCLOSURE UNDER THE FREEDOM OF INFORMATION 
ACT

0
8. Revise the authority citation for part 706 to read as follows:


    Authority:  5 U.S.C. 552, Pub. L. 114-185; Pub. L. 115-254, 
sections 1401-1470.


0
9. In part 706:

[[Page 37752]]

0
a. Revise the words ``Overseas Private Investment Corporation'' and add 
in their place the words ``US International Development Finance 
Corporation'' wherever they occur; and
0
b. Remove ``OPIC'' and add in its place ``DFC'' wherever it occurs.


Sec.  706.10   [Amended]

0
10. In Sec.  706.10, remove the web address ``www.opic.gov/foia'' and 
add in its place ``www.dfc.gov''.


Sec.  706.11   [Amended]

0
11. In Sec.  706.11, in paragraph (a)(1), remove the web address 
``[email protected]'' and add in its place ``[email protected]''.


Sec.  706.34   [Amended]

0
12. In Sec.  706.34, in paragraph (a), remove the web address 
``[email protected]'' and add in its place ``[email protected]''.

PART 707--ACCESS TO AND SAFEGUARDING OF PERSONAL INFORMATION

0
13. Revise the authority citation for part 707 to read as follows:

    Authority: 5 U.S.C. 552a; Pub. L. 115-254, sections 1401-1470.


0
14. Revise the heading for part 707 to read as set forth above.

0
15. In part 707:
0
a. Remove the words ``Overseas Private Investment Corporation'' and add 
in their place the words ``US International Development Finance 
Corporation'' wherever they occur; and
0
b. Remove ``OPIC'' and add in its place ``DFC'' wherever it occurs.


Sec.  707.21   [Amended]

0
16. In Sec.  707.21, in paragraph (a), remove the web address 
``[email protected]'' and add in its place ``[email protected]''.

PART 708--SUNSHINE REGULATIONS

0
17. Revise the authority citation for part 708 to read as follows:

    Authority:  5 U.S.C. 552b; Pub. L. 115-254, sections 1401-1470.

PART 709--[REMOVED AND RESERVED]

0
18. Under the authority 22 U.S.C. 2191, remove and reserve part 709, 
consisting of Sec. Sec.  709.1 through 709.8.

PART 710--ADMINISTRATIVE ENFORCEMENT PROCEDURES OF POST-EMPLOYMENT 
RESTRICTIONS

0
19. Revise the authority citation for part 710 to read as follows:

    Authority:  18 U.S.C. 207; Pub. L. 115-254, sections 1401-1470.

0
20. In part 710:
0
a. Remove the words ``Overseas Private Investment Corporation'' and add 
in their place the words ``US International Development Finance 
Corporation'' wherever they occur; and
0
b. Remove ``OPIC'' and add in its place ``DFC'' wherever it occurs.

PART 711--ENFORCEMENT OF NONDISCRIMINATION ON THE BASIS OF HANDICAP 
IN PROGRAMS OR ACTIVITIES

0
21. Revise the authority citation for part 711 to read as follows:

    Authority:  29 U.S.C. 794; Pub. L. 115-254, sections 1401-1470.


0
22. Revise the heading for part 711 to read as set forth above.


Sec.  711.170   [Amended]

0
23. In Sec.  711.170, in paragraph (c), remove the address ``1615 M 
Street NW, Washington, DC 20527, Attention: Director of Personnel'' and 
add in its place ``1100 New York Avenue NW, Washington, DC 20527, 
Attention: Director of Human Resources Management''.

PART 712--NEW RESTRICTIONS ON LOBBYING

0
24. Revise the authority citation for part 712 to read as follows:

    Authority:  31 U.S.C. 1352; Pub. L. 115-254, section 1401-1470.

PART 713--PRODUCTION OF NONPUBLIC RECORDS AND TESTIMONY OF 
EMPLOYEES IN LEGAL PROCEEDINGS

0
25. Revise the authority citation for part 713 to read as follows:

    Authority:  5 U.S.C. 301; 5 U.S.C. 552; 5 U.S.C. 552a; 5 U.S.C. 
702; 18 U.S.C. 207; 18 U.S.C. 641; 22 U.S.C. 2199(d); 28 U.S.C. 
1821; Pub. L. 115-254, sections 1401-1470.


0
26. Revise the heading for part 713 to read as set forth above.

0
27. In part 713:
0
a. Remove the words ``Overseas Private Investment Corporation'' and add 
in their place the words ``US International Development Finance 
Corporation'' wherever they occur; and
0
b. Remove ``OPIC'' and add in its place ``DFC'' wherever it occurs.

Dev Jagadesan,
Deputy General Counsel, Department of Legal Affairs, Overseas Private 
Investment Corporation.
[FR Doc. 2019-16250 Filed 8-1-19; 8:45 am]
 BILLING CODE 3210-01-P