Page:United States Statutes at Large Volume 103 Part 2.djvu/211

 PUBLIC LAW 101-167—NOV. 21, 1989 103 STAT. 1221 COMMERCE AND TRADE SEC. 521. None of the funds appropriated or made available pursu- ant to this Act for direct assistance and none of the funds otherwise made available pursuant to this Act to the Export-Import Bank and the Overseas Private Investment Corporation shall be obligated or expended to finance any loan, any assistance or any other financial commitments for establishing or expanding production of any commodity for export by any country other than the United States, if the commodity is likely to be in surplus on world markets at the time the resulting productive capacity is expected to become opera- tive and if the assistance will cause substantial injury to United States producers of the same, similar, or competing commodity: Provided, That such prohibition shall not apply to the Export- Import Bank if in the judgment of its Board of Directors the benefits to industry and employment in the United States are likely to outweigh the injury to United States producers of the same, similar, or competing commodity. SURPLUS COMMODITIES SEC. 522. The Secretary of the Treasury shall instruct the United States Executive Directors of the International Bank for Reconstruc- tion and Development, the International Development Association, the International Finance Corporation, the Inter-American Develop- ment Bank, the International Monetary Fund, the Asian Develop- ment Bank, the Inter-American Investment Corporation, the Afri- can Development Bank, and the African Development Fund to use the voice and vote of the United States to oppose any assistance by these institutions, using funds appropriated or made available pursuant to this Act, for the production or extraction of any commodity or mineral for export, if it is in surplus on world markets and if the assistance will cause substantial injury to United States producers of the same, similar, or competing commodity. NOTIFICATION REQUIREMENTS SEC. 523. For the purposes of providing the Executive Branch with the necessary administrative flexibility, none of the funds made available under this Act for "Agriculture, rural development, and nutrition. Development Assistance", "Population, Development Assistance", "Child Survival Fund", "Health, Development Assist- ance", "International AIDS Prevention and Control Program", "Education and humsui resources development. Development Assist- ance", "Private Sector, environment, and energy. Development Assistance", "Science and technology, Development Assistance", "Sub-Saharan Africa, Development Assistance", "International organizations and programs", "American schools and hospitals abroad", "Trade and development program", "International narcot- ics control", "EJconomic support fund, "Peacekeeping operations", "Operating expenses of the Agency for International Development", "Operating expenses of the Agency for International Development Office of Inspector General", "Anti-terrorism assistance", "Foreign Military Financing Program", "International military education and training", "Inter-American Foundation", "African Develop- ment Foundation", "Peace Corps", or "Migration and refugee assist- ance", shall be available for obligation for activities, programs, projects, type of materiel assistance, countries, or other operation Loans. Mine rals and mining. Exports. 22 USC 262h.

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