---
kind: "section"
citation: "22 U.S.C. § 9656"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "9656"
heading: "Notifications to be provided by the Corporation"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/22/9656"
units:
  - "Chapter 103 — Better Utilization of Investments Leading to Development"
  - "Subchapter IV — Monitoring, Evaluation, and Reporting"
---

# §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](/usc/22/7432.md?p=12) 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](/usc/22/9601.md?p=2) a report in writing that contains the information required by [subsection (b)](#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](/usc/22/7432.md?p=12) 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 9623(b)(12) of this title](/usc/22/9623.md) 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](/usc/22/9601.md?p=2) not later than 30 days after entering into a new bilateral agreement described in [section 9631(a) of this title](/usc/22/9631.md?p=a).

## Source credit

(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.)

## Notes

### 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).