Page:United States Statutes at Large Volume 99 Part 2.djvu/560

 99 STAT. 1670

PUBLIC LAW 99-204—DEC. 23, 1985 (b) NOTIFICATION OF COUNTRIES OF ENVIRONMENTAL RESTRICTIONS

International organizations.

Infra.

22 USC 2i5ip.

ON CERTAIN ACTIVITIES.—Section 237 (22 U.S.C. 2197) is amended by adding at the end thereof the following: "(m)(l) Before finally providing insurance, reinsurance, guarantees, or financing under this title for any environmentally sensitive investment in connection with a project in a country, the Corporation shall notify appropriate government officials of that country of— "(A) all guidelines and other standards adopted by the International Bank for Reconstruction and Development and any other international organization relating to the public health or safety or the environment which are applicable to the project; and "(B) to the maximum extent practicable, any restriction under any law of the United States relating to public health or safety or the environment that would apply to the project if the project were undertaken in the United States. The notification under the preceding sentence shall include a summary of the guidelines, standards, and restrictions referred to in subparagraphs (A) and (B), and may include any environmental impact statement, assessment, review, or study prepared with respect to the investment pursuant to section 239(g). "(2) Before finally providing insurance, reinsurance, guarantees, or financing for any investment subject to paragraph (1), the Corporation shall take into account any comments it receives on the project involved. "(3) On or before September 30, 1986, the Corporation shall notify appropriate government officials of a country of the guidelines, standards, and legal restrictions described in paragraph (1) that apply to any project in that country— "(A) which the Corporation identifies as potentially posing major hazards to public health and safety or the environment; and "(B) for which the Corporation provided insurance, reinsurance, guarantees, or financing under this title before the date of enactment of this subsection and which is in the Corporation's portfolio on that date.". (c) ENVIRONMENTAL IMPACT ASSESSMENTS.—Section 239(g) (22 U.S.C. 2199(g)) is amended to read as follows: "(g) The requirements of section 118(c) of this Act relating to environmental impact statements and environmental assessments shall apply to any investment which the Corporation insures, reinsures, guarantees, or finances under this title in connection with a project in a country.". SEC. 5. WORKERS RIGHTS; PUBLIC HEARINGS. (a) ESTABLISHMENT OF REQUIREMENTS.—Title IV of chapter 2 of

part I is amended by inserting after section 231 (22 U.S.C. 2191) the following new section: 22 USC 2191a.

"SEC. 231A. ADDITIONAL REQUIREMENTS. "(a) WORKER RIGHTS.— "(1) LIMITATION ON O P I C ACTIVITIES.—The Corporation may

insure, reinsure, guarantee, or finance a project only if the country in which the project is to be undertaken is taking steps to adopt and implement laws that extend internationaly recognized worker rights, as defined in section 502(a)(4) of the Trade

�