Directs the Overseas Private Investment Corporation, under the Foreign Assistance Act of 1961, to issue regulations for the automatic termination of any insurance or reinsurance, issued after enactment of this legislation and applicable to any investor, upon the knowledge that such investor has made any significant payment to any foreign official in violation of laws in the country in which such investor's project is being carried out.
Prohibits the Corporation from advising or directing any person to violate the laws of the United States or a foreign country.
Introduced in House
Introduced in House
Referred to House Committee on International Relations.
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