Federal · Title 22 — Foreign Relations and Intercourse

22 U.S.C. § 7709: Congressional and public notification

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The Board, acting through the Chief Executive Officer, shall consult with and notify the appropriate congressional committees not later than 15 days before taking any of the actions described in paragraph (2). providing assistance for an eligible country under section 7708(g) of this title ; a Compact under section 7704 of this title ; or an agreement under section 7715 of this title ; signing such a Compact or agreement; and terminating assistance under such a Compact or agreement. the expected economic rate of return of the Compact; a cost-benefit analysis of the Compact; a description of the impact on beneficiary populations; the likelihood that the investment will catalyze private sector investments; and any other applicable economic factors that justify each project to be funded under such a Compact to the extent practicable and appropriate. the countries’ commitment to regional integration and cross-border cooperation and capacity to carry out commitments; political and policy risks, including risks that could affect country eligibility; risks associated with realizing economic returns; time and completion risks; and cost and financial risks; and securing other potential donors to finance projects or parts of projects as needed; and partnering with regional organizations to support and oversee effective cross-border cooperation. publish the text of the Compact on the website of the Corporation; provide the appropriate congressional committees with a detailed summary of the Compact and, upon request, the text of the Compact; and publish in the Federal Register a detailed summary of the Compact and a notice of availability of the text of the Compact on the website of the Corporation.

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