or allowed to become effective under such provisions before 
the effective date of the repeal. All such orders, determina-
tions, regulations, and contracts shall continue in effect 
until modified, superseded, terminated, set aside, or re-
voked in accordance with law by the President, the Direc-
tor of the Office of Management and Budget, or other au-
thorized official, a court of competent jurisdiction, or by 
operation of law. 
(b) PENDING PROCEEDINGS.— 
(1) EFFECT ON PENDING PROCEEDINGS.— 
(A) IN
GENERAL.—The repeal made by 
section 2(d) shall not affect any proceedings, in-
cluding notices of proposed rulemaking, pending 
on the effective date of the repeal, before the 
Overseas Private Investment Corporation, ex-
cept that no insurance, reinsurance, guarantee, 
or loan may be issued pursuant to any applica-
tion pending on such effective date. Such pro-
ceedings, to the extent that they relate to func-
tions performed by the Director of the Office of 
Management and Budget after such repeal, 
shall be continued. Orders shall be issued in 
such proceedings, appeals shall be taken there-
from, and payments shall be made pursuant to 
such orders, as if this Act had not been en-
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acted; and orders issued in any such pro-
ceedings shall continue in effect until modified, 
terminated, superseded, or revoked by the Di-
rector of the Office of Management and Budg-
et, by a court of competent jurisdiction, or by 
operation of law. 
(B) CONSTRUCTION.—Nothing in this sub-
section shall be deemed to prohibit the dis-
continuance or modification of any proceeding 
described in subparagraph (A) under the same 
terms and conditions and to the same extent 
that such proceeding could have been discon-
tinued or modified if this Act had not been en-
acted. 
(2) REGULATIONS
FOR
TRANSFER
OF
PRO-
CEEDINGS.—The Director of the Office of Manage-
ment and Budget is authorized to issue regulations 
providing for the orderly transfer of proceedings 
continued under paragraph (1). 
(c) ACTIONS.—Except as provided in subsection 
(e)— 
(1) the provisions of this Act shall not affect 
suits commenced before the effective date of the re-
peal made by section 2(d); and 
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(2) in all such suits, proceedings shall be had, 
appeals taken, and judgments rendered in the same 
manner and effect as if this Act had not been en-
acted. 
(d) LIABILITIES INCURRED.—No suit, action, or 
other proceeding commenced by or against an individual 
in the official capacity of such individual as an officer of 
the Overseas Private Investment Corporation shall abate 
by reason of the enactment of this Act. No cause of action 
by or against the Overseas Private Investment Corpora-
tion, or by or against any officer thereof in the official 
capacity of such officer, shall abate by reason of the enact-
ment of this Act. 
(e) PARTIES.—If, before the effective date of the re-
peal made by section 2(d), the Overseas Private Invest-
ment Corporation or an officer thereof in the official ca-
pacity of such officer, is a party to a suit, then such suit 
shall be continued with the Director of the Office of Man-
agement and Budget substituted or added as a party. 
(f) REVIEW.—Orders and actions of the Director of 
the Office of Management and Budget in the exercise of 
functions of the Overseas Private Investment Corporation 
shall be subject to judicial review to the same extent and 
in the same manner as if such orders and actions had been 
issued or taken by the Overseas Private Investment Cor-
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poration. Any statutory requirements relating to notice, 
hearings, action upon the record, or administrative review 
that apply to any function of the Overseas Private Invest-
ment Corporation shall apply to the exercise of such func-
tion by the Director of the Office of Management and 
Budget. 
SEC. 4. TECHNICAL AND CONFORMING AMENDMENTS. 
(a) TITLE 5, UNITED STATES CODE.—(1) Section 
5314 of title 5, United States Code, is amended by strik-
ing 
‘‘President, Overseas Private Investment Cor-
poration.’’. 
(2) Section 5315 of title 5, United States Code, is 
amended by striking 
‘‘Executive Vice President, Overseas Private In-
vestment Corporation.’’. 
(3) Section 5316 of title 5, United States Code, is 
amended by striking 
‘‘Vice Presidents, Overseas Private Investment 
Corporation (3).’’. 
(b) OTHER AMENDMENTS AND REPEALS.—(1) Sec-
tion 222(a) of the Foreign Assistance Act of 1961 (22 
U.S.C. 2182) is amended by inserting after ‘‘section 
238(c)’’ the following: ‘‘as in effect on the day before the 
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effective date of the repeal of that section made by section 
2(d) of the OPIC Abolition Act’’. 
(2) Section 222A of the Foreign Assistance Act of 
1961 (22 U.S.C. 2182a) is amended— 
(A) by striking subsections (f) and (g); and 
(B) by redesignating subsections (h) and (i) as 
subsections (f) and (g), respectively. 
(3) Section 499B(b) of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2296b(b)) is amended— 
(A) by striking paragraph (2); and 
(B) by redesignating paragraph (3) as para-
graph (2). 
(4) Section 2301(b)(9) of the Export Enhancement 
Act of 1988 (15 U.S.C. 4721(b)(9)) is amended by strik-
ing ‘‘the Overseas Private Investment Corporation,’’. 
(5) Section 2312(d)(1) of the Export Enhancement 
Act of 1988 (15 U.S.C. 4727(d)(1)) is amended— 
(A) by striking subparagraph (K); and 
(B) by redesignating subparagraphs (L) and 
(M) as subparagraphs (K) and (L), respectively. 
(6) Section 5402(b) of the Omnibus Trade and Com-
petitiveness Act of 1988 (15 U.S.C. 4902(b)) is amend-
ed— 
(A) in paragraph (12), by adding ‘‘and’’ after 
the semicolon; 
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(B) by striking paragraph (13); and 
(C) by redesignating paragraph (14) as para-
graph (13). 
(7) Section 625(a) of the Higher Education Act of 
1965 (20 U.S.C. 1131c(a)) is amended by striking ‘‘the 
Overseas Private Investment Corporation,’’. 
(8) Section 481(e)(4)(A) of the Foreign Assistance 
Act of 1961 (22 U.S.C. 2291(e)(4)(A)) is amended by 
striking ‘‘(including programs under title IV of chapter 
2, relating to the Overseas Private Investment Corpora-
tion)’’. 
(9) Section 202(b)(2)(B) of the Cuban Liberty and 
Democratic Solidarity (LIBERTAD) Act of 1996 (22 
U.S.C. 6062(b)(2)(B)) is amended— 
(A) by striking clause (iv); and 
(B) by redesignating clauses (v), (vi), and (vii) 
as clauses (iv), (v), and (vi), respectively. 
(10) Section 103(7)(A) of the Victims of Trafficking 
and Violence Protection Act of 2000 (22 U.S.C. 
7102(7)(A)) is amended— 
(A) in clause (vii), by adding ‘‘and’’ after the 
semicolon; 
(B) by striking clause (viii); and 
(C) by redesignating clause (ix) as clause (viii). 
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(11) Section 405(a)(10) of the International Reli-
gious Freedom Act of 1998 (22 U.S.C. 6445(a)(10)) is 
amended by striking ‘‘, the Overseas Private Investment 
Corporation,’’. 
(12) Section 732(b) of the Global Environmental 
Protection Assistance Act of 1989 (22 U.S.C. 7902(b)) 
is amended by striking ‘‘the Overseas Private Investment 
Corporation,’’. 
(13) Section 916(a)(2) of the Energy Independence 
and Security Act of 2007 (42 U.S.C. 17336(a)(2)) is 
amended— 
(A) by striking subparagraph (I); and 
(B) 
by 
redesignating 
subparagraphs 
(J) 
through (M) as subparagraphs (I) through (L), re-
spectively. 
(14) Section 6(d)(1) of the Belarus Democracy Act 
of 2004 (22 U.S.C. 5811 note) is amended by striking 
‘‘and the Overseas Private Investment Corporation’’. 
(15) The following provisions of law are repealed: 
(A) Section 5(b)(2) of the Overseas Private In-
vestment Corporation Amendments Act of 1981 (22 
U.S.C. 2194a). 
(B) Section 5 of the Taiwan Relations Act (22 
U.S.C. 3304). 
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(C) Section 2(c)(12) of the Support for East 
European Democracy (SEED) Act of 1989 (22 
U.S.C. 5401(c)(12)). 
(D) Section 9101(3)(H) of title 31, United 
States Code. 
(E) Section 123 of the African Growth and Op-
portunity Act (19 U.S.C. 3733), and the item relat-
ing to that section in the table of contents of that 
Act. 
(F) Section 104 of the Africa: Seeds of Hope 
Act of 1998 (22 U.S.C. 2293), and the item relating 
to that section in the table of contents for that Act. 
(G) Section 914 of the Energy Independence 
and Security Act of 2007 (42 U.S.C. 17334), and 
the item relating to that section in the table of con-
tents for that Act. 
(c) EFFECTIVE DATE.—The amendments and re-
peals made by this section shall take effect upon the expi-
ration of the 180-day period beginning on the date of the 
enactment of this Act. 
Æ 
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