anty is presumed to be valid, legal, and enforce-
able. 
(9) The Corporation may not make a loan or 
loan guaranty unless the Corporation determines 
that there is a reasonable assurance of repayment on 
the loan. 
(10) The Corporation shall prescribe explicit 
standards for use in periodically assessing the credit 
risk of new and existing direct loans or guaranteed 
loans. 
(11) The Corporation may not make loans or 
loan guaranties except to the extent that budget au-
thority to cover the costs of the loans or guaranties 
is provided in advance in an appropriations Act, as 
required by section 504 of the Federal Credit Re-
form Act of 1990 (2 U.S.C. 661c). 
SEC. 203. PAYMENT OF LOSSES. 
(a) PAYMENTS
FOR DEFAULTS
ON GUARANTEED 
LOANS.— 
(1) IN
GENERAL.—If the Corporation deter-
mines that the holder of a loan guaranteed by the 
Corporation suffers a loss as a result of a default by 
a borrower on the loan, the Corporation shall pay to 
the holder the percent of the loss, as specified in the 
guaranty contract after the holder of the loan has 
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made such further collection efforts and instituted 
such enforcement proceedings as the Corporation 
may require. 
(2) SUBROGATION.—Upon making a payment 
described in paragraph (1), the Corporation shall en-
sure the Corporation will be subrogated to all the 
rights of the recipient of the payment. 
(3) RECOVERY
EFFORTS.—The Corporation 
shall pursue recovery from the borrower of the 
amount of any payment made under paragraph (1) 
with respect to the loan. 
(b) LIMITATION ON PAYMENTS.— 
(1) IN GENERAL.—Except as provided by para-
graph (2), compensation for insurance, reinsurance, 
or a guaranty issued under this title shall not exceed 
the dollar value of the insurance, reinsurance, or 
guaranty, as of the date of its issuance, made in the 
project with the approval of the Corporation, plus 
interest, earnings, or profits actually accrued on the 
insurance, reinsurance, or guaranty, to the extent 
provided by such insurance, reinsurance, or guar-
anty. 
(2) EXCEPTION.— 
(A) IN GENERAL.—The Corporation may 
provide that— 
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(i) appropriate adjustments in the in-
sured dollar value be made to reflect the 
replacement cost of project assets; and 
(ii) compensation for a claim of loss 
under insurance of an equity investment 
under section 201(b) may be computed on 
the basis of the net book value attributable 
to the equity investment on the date of 
loss. 
(3) ADDITIONAL LIMITATION.— 
(A) IN GENERAL.—Notwithstanding para-
graph (2)(A)(ii) and except as provided in sub-
paragraph (B), the Corporation shall limit the 
amount of direct insurance and reinsurance 
issued under section 201 with respect to a 
project so as to require that the insured and its 
affiliates bear the risk of loss for at least 10 
percent of the amount of the Corporation’s ex-
posure to that insured and its affiliates in the 
project. 
(B) EXCEPTION.—The limitation under 
subparagraph (A) shall not apply to direct in-
surance or reinsurance of loans provided by 
banks or other financial institutions to unre-
lated parties. 
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(c) ACTIONS BY ATTORNEY GENERAL.—The Attor-
ney General shall take such action as may be appropriate 
to enforce any right accruing to the United States as a 
result of the issuance of any loan or guarantee under this 
title. 
(d) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to preclude any forbearance for the 
benefit of a borrower that may be agreed upon by the par-
ties to a loan guaranteed by the Corporation if budget au-
thority for any resulting costs to the United States Gov-
ernment (as defined in section 502 of the Federal Credit 
Reform Act of 1990 (2 U.S.C. 661a)) is available. 
SEC. 204. TERMINATION. 
The authorities provided under this title terminate on 
the date that is 7 years after the date of the enactment 
of this Act. 
TITLE III—ADMINISTRATIVE 
AND GENERAL PROVISIONS 
SEC. 301. OPERATIONS. 
(a) BILATERAL
AGREEMENTS.—The Corporation 
may provide support under title II in connection with 
projects in any country the government of which has en-
tered into an agreement with the United States author-
izing the Corporation to provide such support in that 
country. 
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(b) CLAIMS SETTLEMENT.— 
(1) IN GENERAL.—Claims arising as a result of 
support provided under title II or under predecessor 
authority may be settled, and disputes arising as a 
result thereof may be arbitrated with the consent of 
the parties, on such terms and conditions as the 
Corporation may determine. 
(2) 
SETTLEMENTS
CONCLUSIVE.—Payment 
made pursuant to any settlement pursuant to para-
graph (1), or as a result of an arbitration award, 
shall be final and conclusive notwithstanding any 
other provision of law. 
(c) PRESUMPTION OF COMPLIANCE.—Each contract 
executed by such officer or officers as may be designated 
by the Board shall be conclusively presumed to be issued 
in compliance with the requirements of this Act. 
(d) ELECTRONIC PAYMENTS AND DOCUMENTS.—The 
Corporation shall implement policies to accept electronic 
documents and electronic payments in all of its programs. 
SEC. 302. CORPORATE POWERS. 
(a) IN GENERAL.—The Corporation— 
(1) may adopt, alter, and use a seal, to include 
an identifiable symbol of the United States; 
(2) may make and perform such contracts, in-
cluding no-cost contracts (as defined by the Corpora-
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tion), grants, and other agreements notwithstanding 
division C of subtitle I of title 41, United States 
Code, with any person or government however des-
ignated and wherever situated, as may be necessary 
for carrying out the functions of the Corporation; 
(3) may determine and prescribe the manner in 
which its obligations shall be incurred and its ex-
penses allowed and paid, including expenses for rep-
resentation; 
(4) may lease, purchase, or otherwise acquire, 
improve, and use such real property wherever situ-
ated, as may be necessary for carrying out the func-
tions of the Corporation; 
(5) may accept cash gifts or donations of serv-
ices or of property (real, personal, or mixed), tan-
gible or intangible, for the purpose of carrying out 
the functions of the Corporation; 
(6) may use the United States mails in the 
same manner and on the same conditions as the Ex-
ecutive departments (as defined in section 101 of 
title 5, United States Code); 
(7) may contract with individuals for personal 
services, who shall not be considered Federal em-
ployees for any provision of law administered by the 
Director of the Office of Personnel Management; 
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(8) may hire or obtain passenger motor vehi-
cles; 
(9) may sue and be sued in its corporate name; 
(10) may acquire, hold, or dispose of, upon 
such terms and conditions as the Corporation may 
determine, any property, real, personal, or mixed, 
tangible or intangible, or any interest in such prop-
erty, and with respect to lease of office space for the 
Corporation’s own use, the obligation of amounts for 
such lease is limited to the current fiscal year for 
which payments are due without regard to section 
1341(a)(1)(B) of title 31, United States Code; 
(11) may indemnify directors, officers, employ-
ees, and agents of the Corporation for liabilities and 
expenses incurred in connection with their activities 
on behalf of the Corporation; 
(12) notwithstanding any other provision of 
law, may represent itself or contract for representa-
tion in all legal and arbitral proceedings; 
(13) may purchase, discount, rediscount, sell, 
and negotiate, with or without its endorsement or 
guaranty, and guarantee notes, participation certifi-
cates, and other evidence of indebtedness; 
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(14) may exercise any priority of the Govern-
ment of the United States in collecting debts from 
bankrupt, insolvent, or decedents’ estates; 
(15) 
may 
collect, 
notwithstanding 
section 
3711(g)(1) of title 31, United States Code, or com-
promise any obligations assigned to or held by the 
Corporation, including any legal or equitable rights 
accruing to the Corporation; 
(16) may manage assets described in section 
3(9) of Public Law 110–343 (12 U.S.C. 5202(9)) in 
a manner designed to minimize cost to the Corpora-
tion, including establishing vehicles that are author-
ized to purchase, hold, and sell assets and issue obli-
gations; 
(17) may make arrangements with foreign gov-
ernments (including agencies, instrumentalities, or 
political subdivisions of such governments) or with 
multilateral organizations or institutions for sharing 
liabilities; 
(18) may revolve funds of the Corporation 
through selling direct investments of the Corporation 
to private investors upon such terms and conditions 
as the Corporation may determine; and 
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(19) shall have such other powers as may be 
necessary and incident to carrying out the functions 
of the Corporation. 
(b) TREATMENT
OF PROPERTY.—Notwithstanding 
any other provision of law relating to the acquisition, han-
dling, or disposal of property by the United States, the 
Corporation shall have the right in its discretion to com-
plete, recondition, reconstruct, renovate, repair, maintain, 
operate, or sell any property acquired by the Corporation 
pursuant to the provisions of this Act. 
SEC. 303. MAXIMUM CONTINGENT LIABILITY. 
(a) IN GENERAL.—The maximum contingent liability 
of the Corporation outstanding at any one time shall not 
exceed in the aggregate the amount specified in subsection 
(b). 
(b) AMOUNT SPECIFIED.— 
(1) INITIAL
5-YEAR
PERIOD.—The amount 
specified in this subsection for the 5-year period be-
ginning on the date of the enactment of this Act, is 
$60,000,000,000. 
(2) SUBSEQUENT 5-YEAR PERIODS.—Not later 
than 5 years after the date of the enactment of this 
Act, and every 5 years thereafter, the amount speci-
fied in paragraph (1) shall be adjusted to reflect the 
percentage of the increase (if any) in the average of 
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the Consumer Price Index during the preceding 5- 
year period. 
(3) CONSUMER
PRICE
INDEX
DEFINED.—In 
this subsection, the term ‘‘Consumer Price Index’’ 
means the most recent Consumer Price Index for All 
Urban Consumers published by the Bureau of Labor 
Statistics of the Department of Labor. 
SEC. 304. CORPORATE FUNDS. 
(a) CORPORATE CAPITAL ACCOUNT.— 
(1) ESTABLISHMENT.—There is established in 
the Treasury of the United States a revolving fund 
to be known as the ‘‘Corporate Capital Account’’, 
consisting of such funds as— 
(A) are available to discharge liabilities 
under predecessor authorities; and 
(B) are made available to the Corporation 
pursuant to subsections (d), (e), and (f), or oth-
erwise available pursuant to this section. 
(2) USE OF FUNDS.—Amounts in the Corporate 
Capital Account shall be available for discharge of li-
abilities of the Corporation, until such time as all 
such liabilities have been discharged or have expired 
or until all of the amounts in the Account have been 
expended in accordance with the provisions of this 
section. 
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(5) pursue projects consistent with the stated 
goals of the Department of State and the Strategic 
Plan and the Mission Country Development Co-
operation Strategies of the United States Agency for 
International Development. 
(b) ASSISTANCE.—To achieve the goals described in 
subsection (a), the Corporation shall— 
(1) develop risk mitigation tools; 
(2) provide transaction structuring support for 
blended finance models; 
(3) support intermediaries linking capital sup-
ply and demand; 
(4) coordinate with other Federal agencies to 
support or accelerate transactions; 
(5) convene financial, donor, and public sector 
partners around opportunities for private finance 
within development priorities; 
(6) offer strategic planning and programming 
assistance to catalyze investment into priority sec-
tors; 
(7) provide transaction structuring support; 
(8) deliver training and knowledge management 
tools for engaging private investors; 
(9) partner with private sector entities that pro-
vide access to capital and expertise; and 
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