Page:United States Statutes at Large Volume 103 Part 2.djvu/301

 PUBLIC LAW 101-179—NOV. 28, 1989 103 STAT. 1311 (2) federally insured depository institutions may provide tech- nical assistance to credit unions in Poland and Hungary, to the extent that the provision of such assistance is prudent and not inconsistent with safe and sound banking practice. (b) AMENDMENT TO FEDERAL CREDIT UNION ACT. —Section 107 of the Federal Credit Union Act (12 U.S.C. 1757) is amended by re- designating paragraph (16) as paragraph (17) and by inserting after paragraph (15) the following new paragraph: "(16) subject to such regulations as the Board may prescribe, to provide technical assistance to credit unions in Poland and Hungary; and". (c) DEFINITIONS.— For purposes of subsection (a)— (1) the term "credit union" means a member-owned, non- profit, cooperative depository institution— (A) which is formed to permit individuals in the field of membership specified in such institution's charter to pool \ their savings, lend the savings to one another, and own the organization where they save, borrow, and obtain related financial services; and (B) whose members are united by a common bond and j ^ democratically operate the institution; and (2) the term "federally insured depository institution" .i means— (A) any insured depository institution (as defined in sec- tion 3(c)(2) of the Federal Deposit Insurance Act); and (B) any insured credit union (as defined in section 101(7) of the Federal Credit Union Act). TITLE III—TRADE AND INVESTMENT SEC. 301. ELIGIBILITY OF POLAND FOR GENERALIZED SYSTEM OF PREFERENCES. Subsection (b) of section 502 of the Trade Act of 1974 (19 U.S.C. 2462(b)) is amended by striking out "Poland" in the table within such subsection. SEC. 302. OVERSEAS PRIVATE INVESTMENT CORPORATION PROGRAMS FOR POLAND AND HUNGARY. (a) ELIGIBILITY OF POLAND AND HUNGARY FOR OPIC PROGRAMS. — ^ Section 239(f) of the Foreign Assistance Act of 1961 (22 U.S.C. 2199(f)) is amended by inserting ", Poland, Hungary," after "Yugoslavia". (b) ENHANCEMENT OF NONGOVERNMENTAL SECTOR. —In accordance 22 USC 2199 with its mandate to foster private initiative and competition and note- enhance the ability of private enterprise to make its full contribu- tion to the development process, the Overseas Private Investment Corporation shall support projects in Poland and Hungary which will result in enhancement of the nongovernmental sector and reduction of state involvement in the economy. (c) AVOIDANCE OF DUPUCATIVE AMENDMENTS. — If the Foreign 22 USC 2199 Operations, Export Financing, and Related Programs Appropria- note. tions Act, 1990, contains the same amendment that is made by subsection (a) of this section, the amendment made by that Act shall not be effective.

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