Page:United States Statutes at Large Volume 99 Part 2.djvu/559

 PUBLIC LAW 99-204—DEC. 23, 1985

99 STAT. 1669

Public Law 99-204 99th Congress An Act To amend the Foreign Assistance Act of 1961 with respect to the activities of the Overseas Private Investment Corporation.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.

This Act may be cited as the "Overseas Private Investment Corporation Amendments Act of 1985". SEC. 2. REFERENCE TO THE ACT.

Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to or repeal of a section or other provision, the reference shall be considered to be made to a section or other provision of the Foreign Assistance Act of 1961. SEC. 3 INCOME LEVELS IN LESS DEVELOPED COUNTRIES. . Section 231 (22 U.S.C. 2191) is amended in paragraph (2) of the second undesignated paragraph— (1) by striking out "$680 or less in 1979 United States dollars" and inserting in lieu thereof "$896 or less in 1983 United States dollars"; and (2) by striking out "$2,950 or more in 1979 United States dollars and inserting in lieu thereof "$3,887 or more in 1983 United States dollars.

Dec. 23. 1985 [S. 947] Overseas Private Investment Corporation Amendments Act of 1985. 22 USC 2151 note.

22 USC 2151 note.

SEC. 4. PROTECTION OF HEALTH, SAFETY, AND THE ENVIRONMENT.

(a) PoucY DIRECTIVES.—Section 231 (22 U.S.C. 2191) is amended— (1) in the second undesignated paragraph— (A) in paragraph (1) by striking out "and" after the semicolon; (B) by striking out the period at the end of paragraph (2) and inserting in lieu thereof "; and"; and (C) by inserting after paragraph (2) the following: "(3) ensure that the project is consistent with the provisions of sections 118 and 119 of this Act relating to the environment and natural resources of, and biological diversity in, developing countries, and consistent with the intent of regulations issued pursuant to sections 118 and 119 of this Act."; (2) in subsection (1) by striking out "and" after the semicolon; (3) in subsection (m) by striking out the period at the end and inserting in lieu thereof "; and"; and (4) by adding at the end the following: "(n) to refuse to insure, reinsure, guarantee, or finance any investment in connection with a project which the Corporation determines will pose an unreeisonable or major environmental, health, or safety hazard, or will result in the significant degradation of national parks or similar protected areas.".

Regulations. 22 USC 2151p, 2151q.

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