Section text and notes
Analysis by agencies, United States embassies and overseas missions of Agency for International Development; factors considered; affirmative investigation of adverse impacts; availability of information to public
Evaluation by major shareholder governments prior to bank action on assistance proposals
Identification of proposals likely to have adverse impact; transmittal to Congress
Based on the information obtained during the evaluation referred to in subsection (a) and other available information, the Administrator of the Agency for International Development, in consultation with the Secretary of the Treasury and the Secretary of State, shall identify those assistance proposals likely to have adverse impacts on the environment, natural resources, public health, or indigenous peoples. The proposals so identified shall be transmitted to the Committee on Appropriations and the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Appropriations and the Committee on Foreign Relations of the Senate, not later than June 30 and December 31 of each year following .
Reports to Executive Directors; elimination or mitigation of adverse impacts
The Secretary of the Treasury shall forward reports concerning information received under subsection (a) to the Executive Director representing the United States in the appropriate bank with instructions to seek to eliminate or mitigate adverse impacts which may result from the proposal.
Pub. L. 95–118, title XIII, § 1303Pub. L. 100–202, § 101(e) [title I]101 Stat. 1329–131 Pub. L. 108–447, div. D, title V, § 593(b)118 Stat. 3037 (, as added , , , 1329–134; amended , , .)
Editorial Notes
Codification
Section 1303 of Pub. L. 95–118Pub. L. 100–202 is based on section 701 of title VII of H.R. 3750, One Hundredth Congress, as introduced , and enacted into law by .
Amendments
Pub. L. 108–447, § 593(b)2004—Subsec. (b). , designated existing provisions as par. (1) and added pars. (2) and (3).
Pub. L. 108–447, § 593(b)(1)section 262m–7(g) of this titleSubsec. (b)(1). , which directed amendment of par. (1) by substituting “multilateral development banks as defined in ” for “International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank”, was executed by making substitution for “International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the African Development Bank”, to reflect the probable intent of Congress.
Statutory Notes and Related Subsidiaries
Change of Name
section 1(a) of Pub. L. 104–14section 21 of Title 2Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by , set out as a note preceding , The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, .