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CR: Overseas Private Investment Corp. Reauthorization Act of 2007

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  • CR: Overseas Private Investment Corp. Reauthorization Act of 2007

    Congressional Record: July 23, 2007 (House)
    From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


    OVERSEAS PRIVATE INVESTMENT CORPORATION REAUTHORIZATION ACT OF 2007

    Mr. SHERMAN. Mr. Speaker, I move to suspend the rules and pass the
    bill (H.R. 2798) to reauthorize the programs of the Overseas Private
    Investment Corporation, and for other purposes, as amended.
    The Clerk read the title of the bill.
    The text of the bill is as follows:

    H.R. 2798

    Be it enacted by the Senate and House of Representatives of
    the United States of America in Congress assembled,

    ************************************** ***********
    SEC. 9. PROHIBITION ON ASSISTANCE TO DEVELOP OR PROMOTE
    CERTAIN RAILWAY CONNECTIONS AND RAILWAY-RELATED
    CONNECTIONS.

    Section 237 of the of the Foreign Assistance Act of 1961
    (22 U.S.C. 2197) is further amended by adding at the end the
    following:
    ``(q) Prohibition on Assistance for Certain Railway
    Projects.--The Corporation may not provide insurance,
    reinsurance, a guaranty, financing, or other assistance to
    support the development or promotion of any railway
    connection or railway-related connection that does not
    traverse or connect with Armenia and does connect Azerbaijan
    and Turkey.''.
    *************************************** *************

    The SPEAKER pro tempore. The question is on the motion offered by the
    gentleman from California (Mr. Sherman) that the House suspend the
    rules and pass the bill, H.R. 2798, as amended.
    The question was taken; and (two-thirds being in the affirmative) the
    rules were suspended and the bill, as amended, was passed.
    A motion to reconsider was laid on the table.

    From: Emil Lazarian | Ararat NewsPress
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