Page:United States Statutes at Large Volume 99 Part 2.djvu/561

 PUBLIC LAW 99-204—DEC. 23, 1985

99 STAT. 1671

Act of 1974 (19 U.S.C. 2462(a)(4)), to workers in that country (including any designated zone in that country). "(2)

98 Stat. 3019.

USE OF ANNUAL REPORTS ON WORKERS RIGHTS.—The

Corporation shall, in making its determinations under paragraph (1), use the reports submitted to the Congress pursuant to section 505(c) of the Trade Act of 1974 (19 U.S.C. 2465(c)). The 98 Stat. 3023. restriction set forth in paragraph (1) shall not apply until the first such report is submitted to the Congress. "(3) WAIVER.—Paragraph (1) shall not prohibit the Corporation from providing any insurance, reinsurance, guaranty, or financing with respect to a country if the President determines that such activities by the Corporation would be in the national economic interests of the United States. Any such determination shall be reported in writing to the Congress, together with the reasons for the determination. "(b) PUBLIC HEARINGS.—The Board shall hold at least one public hearing each year in order to afford an opportunity for any person to present views as to whether the Corporation is carrying out its activities in accordance with section 231 and this section or whether Ante, p. 1669. any investment in a particular country should have been or should be extended insurance, reinsurance, guarantees, or financing under this title.". Ob) EFFECTIVE DATE.—Subsection (a) of section 231A, as added by 22 USC 2i9ia suljsection (a) of this section, shall not apply to projects insured, ^°^^reinsured, guaranteed, or financed before the date of the enactment of this Act. SEC. 6. INSURANCE FOR LOSS DUE TO BUSINESS INTERRUPTION.

(a) ISSUING AUTHORITY.—Section 234(a) (22 U.S.C. 2194(a)) is amended— (1) in paragraph (1)— (A) in subparagraph (B) by striking out "and" after the semicolon; (B) in subparagraph (C) by striking out the period and inserting in lieu thereof "; and"; and (C) by adding at the end the following: "(D) loss due to business interruption caused by any of the risks set forth in subparagraphs (A), (B), and (C)."; and (2) in paragraph (4)— (A) by striking out "civil strife insurance for the first time" and inserting in lieu thereof "insurance for the first time for loss due to business interruption"; (B) by striking out "definition of civil strife" and inserting in lieu thereof "definition of 'civil strife' or 'business interruption'"; (C) by inserting immediately before the period at the end of the paragraph the following: "and, in the case of insurance for loss due to business interruption, an explanation of the underwriting basis upon which the insurance is to be offered"; and (D) by adding at the end of the paragraph the following: "Any such report with respect to insurance for loss due to business interruption shall be considered in accordance with the procedures applicable to reprogramming notifications pursuant to section 634A of this Act.". Ob) COMPENSATION FOR Loss.—Section 237(f) (22 U.S.C. 2197(f)) is amended in the first sentence—

22 USC 2394-1.

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