22 U.S.C. § 9656 — Notifications to be provided by the Corporation

(a) In general Not later than 15 days prior to the Corporation making a financial commitment associated with the provision of support under subchapter II of this title in an amount in excess of $20,000,000, the Chief Executive Officer of the Corporation shall submit to the appropriate congressional committees a report in writing that contains the information required by subsection (b). (b) Information required The information required by this subsection includes— (1) the amount of each such financial commitment; (2) an identification of the recipient or beneficiary; (3) a description of the project, activity, or asset and the Corporation ’s impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation ; and (4) (A) information relating to whether the Corporation has accepted a creditor status that is subordinate to that of other creditors in the project, activity, or asset; and (B) for all projects, activities, or assets that the Corporation has accepted a creditor status that is subordinate to that of other creditors the Corporation shall include a description of the substantive policy rationale required by section 9622(b)(12) of this title that influenced the decision to accept such a creditor status. (c) Bilateral agreements The Chief Executive Officer of the Corporation shall notify the appropriate congressional committees not later than 30 days after entering into a new bilateral agreement described in section 9631(a) of this title . ( Pub. L. 115–254, div. F, title IV, § 1446 , Oct. 5, 2018 , 132 Stat. 3507 ; (As amended Pub. L. 119–60, div. H, title LXXXVII, § 8757 , Dec. 18, 2025 , 139 Stat. 1967 .) Editorial Notes Amendments 2025—Subsec. (a). Pub. L. 119–60, § 8757(1) , substituted “$20,000,000” for “$10,000,000”. Subsec. (b)(3). Pub. L. 119–60, § 8757(2)(B)(i) , inserted “the Corporation’ s impact quotient outlining” after “asset and”. Subsec. (b)(4). Pub. L. 119–60, § 8757(2)(B)(ii) , (C), added par. (4).

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