Page:United States Statutes at Large Volume 106 Part 4.djvu/915

 PUBLIC LAW 102-549—OCT. 28, 1992 106 STAT. 3651 Public Law 102-549 102d Congress An Act To extend the authorities of the Overseas Private Investment Corporation, and Oct. 28, 1992 for other purposes. [H.R. 4996] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Jp*» '^ '*?"?*^, ' ^ Exports Act of SECTION 1. SHORT TITLE. 1992. This Act may be cited as the "Jobs Through Exports Act of f^H^ ^^^^ 1992". TITLE I—OVERSEAS PRIVATE INVESTMENT CORPORATION SEC. 101. CREATION, PURPOSE AND POLICY. Section 231 of the Foreign Assistance Act of 1961 (22 U.S.C. 2191) is amended in the first sentence by striking "friendly countries and areas," and inserting "countries and areas, and countries in transition from nonmarkeit to market economies,". SEC. 102. WORKER RIGHTS.. (a) LIMITATION.— Section 231A(a)(l) of the Foreign Assistance Act of 1961 (22 U.S.C. 2191a(a)) is amended by adding at the end the following: "The Corporation shall also include the following language, in substantially the following form, in all contracts which the Corporation enters into with eligible investors to provide financial support under this title: "The investor agrees not to take actions to prevent employ- ees of the foreign enterprise from lawfully exercising their right of association and their right to organize and bargain collectively. The investor further agrees to observe applicable laws relating to a minimum age for employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational health and safety, and not to use forced labor. The investor is not responsible under this paragraph for the actions of a foreign government.'". SEC. 103. EQUITY INVESTMENT FUND. Section 234(g)(5) of the Foreign Assistance Act of 1961 (22 U.S.C. 2194(g)(5)) is amended to read as follows: "(c) CREATION OF FUND FOR ACQUISITION OF EQUITY. — The Corporation is authorized to establish a revolving fund to be available solely for the purposes specified in this subsection and to make transfers to the fund of a total of $10,000,000 (less amounts transferred to the fund before the date of the enactment of the Jobs Through Eioports Act of 1992) from its noncredit account revolving Aind. The Corporation shall transfer to the fund in each fiscsQ year all amounts received by the Corporation during the preceding fiscal year as income on securities acquired under this subsection.

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