Page:United States Statutes at Large Volume 114 Part 1.djvu/306

 114 STAT. 270 PUBLIC LAW 106-200—MAY 18, 2000 Termination date. Deadline. (1) INVESTMENT ADVISORY COUNCIL.—Section 233 of the 22 USC 2193. Foreign Assistance Act of 1961 is amended by adding at the end the following: "(e) INVESTMENT ADVISORY COUNCIL. — The Board shall take prompt measures to increase the loan, guarantee, and insurance programs, and financial commitments, of the Corporation in sub- Saharan Africa, including through the use of an investment advisory council to assist the Board in developing and implementing policies, programs, and financial instruments with respect to sub-Saharan Africa. In addition, the investment advisory council shall make recommendations to the Board on how the Corporation can facilitate greater support by the United States for trade and investment with and in sub-Saharan Africa. The investment advisory council shall terminate 4 years after the date of the enactment of this subsection.". (2) REPORTS TO CONGRESS. —Within 6 months after the date of the enactment of this Act, and annually for each of the 4 years thereafter, the Board of Directors of the Overseas Private Investment Corporation shall submit to Congress a report on the steps that the Board has taken to implement section 233(e) of the Foreign Assistance Act of 1961 (as added by paragraph (1)) and any recommendations of the investment advisory council established pursuant to such section. 19 USC 3734. SEC. 124. EXPORT-IMPORT BANK INITIATIVES. (a) SENSE OF THE CONGRESS. —It is the sense of the Congress that the Board of Directors of the Bank shall continue to take comprehensive measures, consistent with the credit standards otherwise required by law, to promote the expansion of the Bank's financial commitments in sub-Saharan Africa under the loan, guarantee and insurance programs of the Bank. (b) SUB-SAHARAN AFRICA ADVISORY COMMITTEE.— The sub- Saharan Africa Advisory Committee (SAAC) is to be commended for aiding the Bank in advancing the economic partnership between the United States and the nations of sub-Saharan Africa by doubling the number of sub-Saharan African countries in which the Bank is open for traditional financing and by increasing by tenfold the Bank's support for sales to sub-Saharan Africa from fiscal year 1998 to fiscal year 1999. The Board of Directors of the Bank and its staff shall continue to review carefully the sub-Saharan Africa Advisory Committee recommendations on the development and implementation of new and innovative policies and programs designed to promote the Bank's expansion in sub-Saharan Africa. 19 USC 3735. SEC. 125. EXPANSION OF THE UNITED STATES AND FOREIGN COMMER- CIAL SERVICE IN SUB-SAHARAN AFRICA. (a) FINDINGS. —The Congress makes the following findings: (1) The United States and Foreign Commercial Service (hereafter in this section referred to as the "Commercial Service") plays an important role in helping United States businesses identify export opportunities and develop reliable sources of information on commercial prospects in foreign countries. (2) During the 1980s, the presence of the Commercial Service in sub-Saharan Africa consisted of 14 professionals providing services in eight countries. By early 1997, that presence had been reduced by half to seven professionals in only four countries.

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