Purpose
The Trade and Development Agency shall be an agency of the United States under the foreign policy guidance of the Secretary of State. The purpose of the Trade and Development Agency is to promote United States private sector participation in development projects in developing and middle-income countries, with special emphasis on economic sectors with significant United States export potential, such as energy, transportation, telecommunications, and environment.
Authority to provide assistance
Authority
The Director of the Trade and Development Agency is authorized to work with foreign countries, including those in which the United States development programs have been concluded or those not receiving assistance under subchapter I of this chapter, to carry out the purpose of this section by providing funds for feasibility studies, architectural and engineering design, and other activities related to development projects which provide opportunities for the use of United States exports.
Use of funds
Information dissemination
Nonapplicability of other provisions
Any funds used for purposes of this section may be used notwithstanding any other provision of law.
Contributions to costs
Director and personnel
Director
There shall be at the head of the Trade and Development Agency a Director who shall be appointed by the President, by and with the advice and consent of the Senate.
Officers and employees
Annual report
The President shall, not later than December 31 of each year, submit to the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate a report on the activities of the Trade and Development Agency in the preceding fiscal year.
Audits
In general
The Trade and Development Agency shall be subject to the provisions of chapter 35 of title 31, except as otherwise provided in this section.
Independent audit
section 3512 of title 31An independent certified public accountant shall perform a financial and compliance audit of the financial statements of the Trade and Development Agency each year, in accordance with generally accepted Government auditing standards for a financial and compliance audit, taking into consideration any standards recommended by the Comptroller General. The independent certified public accountant shall report the results of such audit to the Director of the Trade and Development Agency. The financial statements of the Trade and Development Agency shall be presented in accordance with generally accepted accounting principles. These financial statements and the report of the accountant shall be included in a report which contains, to the extent applicable, the information identified in , and which the Trade and Development Agency shall submit to the Congress not later than 6½ months after the end of the last fiscal year covered by the audit. The Comptroller General may review the audit conducted by the accountant and the report to the Congress in the manner and at such times as the Comptroller General considers necessary.
Audit by Comptroller General
In lieu of the financial and compliance audit required by paragraph (2), the Comptroller General shall, if the Comptroller General considers it necessary or upon the request of the Congress, audit the financial statements of the Trade and Development Agency in the manner provided in paragraph (2).
Availability of information
All books, accounts, financial records, reports, files, workpapers, and property belonging to or in use by the Trade and Development Agency and the accountant who conducts the audit under paragraph (2), which are necessary for purposes of this subsection, shall be made available to the representatives of the Government Accountability Office designated by the Comptroller General.
Funding
Authorization
Funding for technical assistance grants by multilateral development banks
Pub. L. 87–195Pub. L. 93–559, § 3188 Stat. 1804Pub. L. 94–161, title III, § 31689 Stat. 867Pub. L. 95–88, title I, § 12891 Stat. 543Pub. L. 95–424, title I, § 12192 Stat. 954Pub. L. 96–53, title I, § 11993 Stat. 365Pub. L. 96–533, title III, § 31194 Stat. 3148Pub. L. 97–113, title III, § 31295 Stat. 1536Pub. L. 99–83, title IV, § 40599 Stat. 219Pub. L. 100–418, title II, § 2204(b)(1)102 Stat. 1329Pub. L. 102–549, title II, § 201106 Stat. 3655Pub. L. 103–392, title II, § 201108 Stat. 4099Pub. L. 106–158, § 5113 Stat. 1746Pub. L. 108–271, § 8(b)118 Stat. 814Pub. L. 116–94, div. P, title XX, § 2004(d)(1)133 Stat. 3225(, pt. III, § 661, as added , , ; amended , , ; , , ; , , ; , , ; , , ; , , ; , , ; , (2), , ; , , ; , , ; , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 116–942019— substituted “$79,500,000 for fiscal year 2020” for “$48,000,000 for fiscal year 2000”.
Pub. L. 108–2712004—Subsec. (e)(4). substituted “Government Accountability Office” for “General Accounting Office”.
Pub. L. 106–158, § 5(a)1999—Subsec. (a). , inserted before period at end: “, with special emphasis on economic sectors with significant United States export potential, such as energy, transportation, telecommunications, and environment”.
Pub. L. 106–158, § 5(b)Subsec. (b)(5). , added par. (5).
Pub. L. 106–158, § 5(c)(1)Subsec. (f)(1)(A). , substituted “$48,000,000 for fiscal year 2000 and such sums as may be necessary for each fiscal year thereafter” for “$77,000,000 for fiscal year 1995 and such sums as are necessary for fiscal year 1996”.
Pub. L. 106–158, § 5(c)(2)Subsec. (f)(2)(A). , substituted “in carrying out its program, provide, as appropriate, funds” for “in fiscal years 1993 and 1994, substantially increase the amount of funds it provides”.
Pub. L. 103–3921994—Subsec. (f)(1). redesignated existing provisions as subpar. (A), substituted “$77,000,000 for fiscal year 1995 and such sums as are necessary for fiscal year 1996.” for “$55,000,000 for fiscal year 1993 and $65,000,000 for fiscal year 1994.”, and added subpar. (B).
Pub. L. 102–5491992— amended section generally. Prior to amendment, section consisted of subsecs. (a) to (d) which authorized a trade and development program to facilitate access to natural resources of interest to the United States and to stimulate reimbursable aid programs, established an agency called the Trade and Development Program to carry out the program, established an advisory board, and authorized appropriations for purposes of section.
Pub. L. 100–418, § 2204(b)(1)1988—Subsec. (a). , inserted sentence providing for use of funds for project planning, development, management, and procurement for bilateral and multilateral projects, for purpose of promoting use of United States exports in such projects.
Pub. L. 100–418, § 2204(b)(2)Subsecs. (b) to (d). , added subsecs. (b) and (c) and redesignated former subsec. (b) as (d).
Pub. L. 99–831985—Subsec. (b). amended subsec. (b) generally, substituting provisions authorizing appropriations of $20,000,000 for fiscal years 1986 and 1987, for provisions authorizing appropriations of $6,907,000 for fiscal years 1982 and 1983.
Pub. L. 97–113, § 312(b)1981—, designated existing provisions as subsec. (a), struck out provision for use of $4,000,000 of funds made available for fiscal year 1981 for purposes of this chapter, and added subsec. (b).
Pub. L. 96–5331980— substituted authorization for use of $4,000,000 of available funds for fiscal year 1981 for such authorization for use of $3,800,000 of available funds for fiscal year 1980 for reimbursable development programs.
Pub. L. 96–531979— substituted “$3,800,000” for “$3,000,000” and “1980” for “1979”.
Pub. L. 95–4241978— substituted “$3,000,000 of the funds made available for the purposes of this chapter for the fiscal year 1979” for “$2,000,000 of the funds made available for the purposes of this chapter. In the fiscal year 1977 and $2,000,000 of the funds made available for the purposes of this chapter in the fiscal year 1978,”.
Pub. L. 95–881977— struck out provisions authorizing the President to use up to $1,000,000 of the funds made available for the purposes of this chapter in the fiscal year 1975 and $2,000,000 in the fiscal year 1976, and inserted provisions authorizing the President to use $2,000,000 of the funds made available for the purposes of this chapter in the fiscal year 1978.
Pub. L. 94–1611975— increased usable funds in fiscal year 1976 to $2,000,000 from $1,000,000 and authorized use of $2,000,000 in fiscal year 1977.
Statutory Notes and Related Subsidiaries
References to Subchapter I Deemed To Include Certain Parts of Subchapter II
section 202(b) of Pub. L. 92–226section 2346 of this titleReferences to subchapter I of this chapter are deemed to include parts IV (§ 2346 et seq.), VI (§ 2348 et seq.), and VIII (§ 2349aa et seq.) of subchapter II of this chapter, and references to subchapter II are deemed to exclude such parts. See , set out as a note under , and sections 2348c and 2349aa–5 of this title.
Change of Name
Pub. L. 102–549, title II, § 202(a)106 Stat. 3657
Renaming of Trade and Development Program .—
Reference in Other Laws .—
Effective Date of 1985 Amendment
Pub. L. 99–83section 1301 of Pub. L. 99–83section 2151–1 of this titleAmendment by effective , see , set out as a note under .
Effective Date of 1979 Amendment
Pub. L. 96–53section 512(a) of Pub. L. 96–53section 2151 of this titleAmendment by effective , see , set out as a note under .
Effective Date of 1978 Amendment
Pub. L. 95–424section 605 of Pub. L. 95–424section 2151 of this titleAmendment by effective , see , set out as a note under .
Appointment of Present Director Not Affected
Pub. L. 102–549, title II, § 202(b)106 Stat. 3657
Trade and Development Program Activities for Poland and Hungary
Pub. L. 101–179, title III, § 305103 Stat. 1314, , , authorized appropriation of an additional $6,000,000 for the 3-year period beginning , to carry out this section, in order to permit expansion of the Trade and Development Program [now Agency] into Poland and Hungary.
Trade and Development Program; Reaffirmation of Support
Pub. L. 100–418, title II, § 2204(a)102 Stat. 1328
Executive Documents
Delegation of Functions
section 2381 of this titleFor delegation of functions of President under this section, see Ex. Ord. No. 12163, , 44 F.R. 56673, as amended, set out as a note under .