1、1 22 U.S.C. Section 2191.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21575July 22, 2003Overseas Private Investment Corporation:Financing Requirements and RestrictionsJames K. JacksonSpecialist in International Trade and Financ
2、eForeign Affairs, Defense, and Trade DivisionSummaryCongress established the Overseas Private Investment Corporation (OPIC) in 1969to promote and assist U.S. business investment in developing nations. As part of itsresponsibilities, Congress has appropriated OPICs budget and determined its overallle
3、nding levels annually and has reauthorized the corporation on a periodic basis. OPICwas last reauthorized in 1999 (P.L. 106-158; H.R. 3381) through September 30, 2003.The Corporation is a U.S. government agency that provides project financing,investment insurance, and other services for U.S. busines
4、ses in 150 emerging marketsand developing economies. OPIC is directed to “mobilize and facilitate theparticipation of United States private capital and skills in the economic and socialdevelopment of less developed countries and areas, and countries in transition fromnonmarket to market economies.”1
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