Page:United States Statutes at Large Volume 114 Part 2.djvu/205

 PUBLIC LAW 10&-309 —OCT. 17, 2000 114 STAT. 1087 guaranteed under this section in any fiscal year, with respect to any single event, may not exceed $30,000,000. "(C) EXCEPTION.— No payment may be made under any guarantee issued under this section for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible. "(4) FULL FAITH AND CREDIT.— All guarantees issued under this section shall constitute obligations, in accordance with the terms of such guarantees, of the United States of America, and the full faith and credit of the United States of America is hereby pledged for the full payment and performance of such obligations to the extent of the guarsmtee. " (d) FUNDING. — "(1) ALLOCATION OF FUNDS. —Of the amounts made available to carry out this part for the fiscal year 2001, up to $5,000,000 may be made available for— "(A) the subsidy cost, as defined in section 502(5) of the Federal Credit Reform Act of 1990, to carry out this section; and "(B) the administrative costs to carry out this section. "(2) RELATION TO OTHER FUNDING. — Amounts made available under paragraph (1) are in addition to amounts available under any other provision of law to carry out this section. "(e) DEFINITIONS.—In this section: "(1) ADMINISTRATOR.— The term 'Administrator' means the Administrator of the agency primarily responsible for administering this part. "(2) APPROPRL^TE CONGRESSIONAL COMMITTEES.—The term 'appropriate congressional committees' means the Committee on Foreign Relations of the Senate and the Committee on International Relations of the House of Representatives. "(3) UNITED STATES-SUPPORTED MICROFINANCE INSTITU- TION.—The term United States-supported microfinance institution' means a financial intermediary that has received funds made available under part I of this Act for fiscal year 1980 or any subsequent fiscal year.". (b) REPORT. —Not later than 120 days after the date of the enactment of this Act, the Administrator of the United States Agency for International Development shall submit to the Committee on Foreign Relations of the Senate and the Committee on International Relations of the House of Representatives a report on the policies, rules, and regulations of the United States Microfinance Loan Facility established under section 132 of the Foreign Assistance Act of 1961, as added by subsection (a). SEC. 108. REPORT RELATING TO FUTURE DEVELOPMENT OF MICRO- ENTERPRISE INSTITUTIONS. (a) REPORT. —Not later than 180 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report on the most cost-effective methods and measurements for increasing the access of poor people overseas to credit, other financial services, and related training. (b) CONTENTS. — The report described in subsection (a)— (1) shall include how the President, in consultation with the Administrator of the United States Agency for International Development, the Secretary of State, and the Secretary of the Treasury, will develop a comprehensive strategy for advancing Deadline. 22 USC 2152b note. Deadline.

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