42 U.S.C. § 17336
(a)
Task Force—
(2)
Composition— The
Task Force shall be composed of
representatives, appointed by the head of the respective Federal
department or agency,
of—
(E)
the Department of State;
(F)
the Environmental Protection Agency;
(J)
the Trade and Development Agency;
(K)
the Small Business Administration;
(M)
other Federal
departments and agencies, as determined by the President.
(3)
Chairperson— The President shall designate a Chairperson or Co-Chairpersons of the
Task Force.
(4)
(A)
shall develop and assist in the implementation of the strategy required under
subsection (c); and
(b)
Working groups—
(1)
Establishment— The
Task Force—
(B)
may establish other working groups as may be necessary to carry out this section.
(2)
Composition— The Interagency Working Group shall be composed of—
(B)
other members, as determined by the Chairperson or Co-Chairpersons of the
Task Force.
(4)
Interagency Center— The Interagency Working Group—
(B)
shall locate the Interagency Center at a site agreed upon by the Co-Chairpersons of the Interagency Working Group, with the approval of the Chairperson or Co-Chairpersons of the
Task Force.
(c)
Strategy—
(1)
In general— Not later than 1 year after December 19, 2007, the
Task Force shall develop and submit to the President and the
appropriate congressional committees a strategy
to—
(C)
integrate into the foreign policy objectives of the
United States the promotion
of—
(D)
develop financial mechanisms and instruments, including securities that mitigate the political and foreign
exchange risks of uses that are consistent with the foreign policy objectives of the
United States by combining the private sector market and government enhancements,
that—
(2)
Updates— Not later than 3 years after the date of submission of the strategy under
paragraph (1), and every 3 years thereafter, the
Task Force shall update the strategy in accordance with the requirements of
paragraph (1).
(d)
Report—
(1)
In general— Not later than 3 years after the date of submission of the strategy under
subsection (c)(1), and every 3 years thereafter, the President shall transmit to the
appropriate congressional committees a report on the implementation of this section for the prior 3-year period.
(2)
Matters to be included— The report required under
paragraph (1) shall include the following:
(A)
The update of the strategy required under
subsection (c)(2) and a description of the actions taken by the
Task Force to assist in the implementation of the strategy.
(C)
A description of assistance provided under this section.
(e)
Authorization of appropriations— There are authorized to be appropriated to carry out this section $5,000,000 for each of fiscal years 2008 through 2020.
Notes, amendments, and revision history
(Pub. L. 110–140, title IX, § 916, Dec. 19, 2007, 121 Stat. 1728; Pub. L. 115–254, div. F, title VI, § 1470(v)(2), Oct. 5, 2018, 132 Stat. 3519.)
Editorial Notes
Amendments
2018—Subsec. (a)(2)(I). Pub. L. 115–254 substituted “United States International Development Finance Corporation;” for “Overseas Private Investment Corporation:”.
Statutory Notes and Related Subsidiaries
Effective Date of 2018 Amendment
Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under section 905 of Title 2, The Congress.
Effective Date
Section effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.