{"identifier":"/us/usc/t22/s9656","title":22,"num":"\u00a7\u202f9656.","heading":"Notifications to be provided by the Corporation","text":"\u00a7\u202f9656.\nNotifications to be provided by the Corporation\n(a)\nIn general\nNot 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).\n(b)\nInformation required\nThe information required by this subsection includes\u2014\n(1) the amount of each such financial commitment;\n(2) an identification of the recipient or beneficiary;\n(3) a description of the project, activity, or asset and the Corporation\u2019s impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation; and\n(4)\n(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\n(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\nsection 9623(b)(12) of this title\n(c)\nBilateral agreements\nThe 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\nsection 9631(a) of this title","url":"https://projectusc.org/usc/t22/s9656.html","content":[{"t":"sec","id":"/us/usc/t22/s9656","children":[{"t":"num","text":"\u00a7\u202f9656."},{"t":"heading","text":"Notifications to be provided by the Corporation"},{"t":"subsec","id":"/us/usc/t22/s9656/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"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).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t22/s9656/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Information required"},{"t":"chapeau","text":"The information required by this subsection includes\u2014"},{"t":"para","id":"/us/usc/t22/s9656/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the amount of each such financial commitment;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t22/s9656/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" an identification of the recipient or beneficiary;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t22/s9656/b/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" a description of the project, activity, or asset and the Corporation\u2019s impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t22/s9656/b/4","children":[{"t":"num","text":"(4)"},{"t":"subpara","id":"/us/usc/t22/s9656/b/4/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" 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","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t22/s9656/b/4/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" 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 ","children":[{"t":"ref","text":"section 9623(b)(12) of this title","href":"/us/usc/t22/s9623/b/12","tail":" that influenced the decision to accept such a creditor status."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t22/s9656/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Bilateral agreements"},{"t":"content","children":[{"t":"p","text":"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 ","children":[{"t":"ref","text":"section 9631(a) of this title","href":"/us/usc/t22/s9631/a","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}