IB 
Union Calendar No. 151 
110TH CONGRESS 
1ST SESSION H. R. 2798 
[Report No. 110–241] 
To reauthorize the programs of the Overseas Private Investment Corporation, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 20, 2007 
Mr. SHERMAN introduced the following bill; which was referred to the 
Committee on Foreign Affairs 
JULY 19, 2007 
Additional sponsors: Mr. LANTOS, Ms. ROS-LEHTINEN, and Mr. PAYNE 
JULY 19, 2007 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on June 20, 2007] 
A BILL 
To reauthorize the programs of the Overseas Private 
Investment Corporation, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Overseas Private Invest-
ment Corporation Reauthorization Act of 2007’’. 
SEC. 2. FINDINGS. 
The Congress finds the following: 
(1) Since its founding in 1971, the Overseas Pri-
vate Investment Corporation (in this section referred 
to as ‘‘OPIC’’) has helped to mobilize and facilitate 
private capital by United States investors in devel-
oping and emerging market countries in support of 
United States foreign policy and development goals. 
(2) OPIC assistance should not, in any way, 
support projects in countries that reject their obliga-
tions to support international peace, security, and 
basic human rights. 
(3) OPIC assistance should not be provided to 
those who support enemies of the United States. 
(4) OPIC assistance is a privilege and should be 
granted to persons that, along with their affiliated 
companies, demonstrate responsible and sustainable 
business practices, particularly with regard to the en-
vironment, international worker rights, and efforts 
against genocide and nuclear proliferation. Denial of 
OPIC assistance is not a penalty or sanction. 
(5) Over OPIC’s 35-year history, OPIC has sup-
ported $177,000,000,000 in operating investments in 
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more than 150 developing countries, helping to create 
more than 800,000 jobs and some $13,000,000,000 in 
host-government revenues. 
(6) 
OPIC 
projects 
have 
generated 
$71,000,000,000 in United States exports and sup-
ported more than 271,000 United States jobs. 
(7) Projects assisted by OPIC in fiscal year 2006 
are projected to generate $1,000,000,000 in United 
States exports, support more than 2,700 United 
States jobs, and have a positive impact on the United 
States balance of payments. 
(8) In fiscal year 2006, 87 percent of all OPIC- 
supported projects supported small-and-medium-sized 
businesses in the United States. 
(9) In an era of limited Federal budgetary re-
sources, OPIC has consistently demonstrated an abil-
ity to operate on a self-sustaining basis to support 
United States companies, all at a net cost of zero to 
the United States taxpayer. 
(10) OPIC has reserves totaling approximately 
$5,300,000,000 and will make an estimated net budg-
et contribution to the international affairs account of 
$159,000,000 in fiscal year 2008. 
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SEC. 3. REAUTHORIZATION OF OPIC PROGRAMS. 
Section 235(a)(2) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2195(a)(2)) is amended by striking ‘‘September 
30, 2007’’ and inserting ‘‘September 30, 2011’’ . 
SEC. 4. PREFERENTIAL CONSIDERATION OF CERTAIN IN-
VESTMENT PROJECTS. 
Section 231(f) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2191(f)) is amended to read as follows: 
‘‘(f) to give preferential consideration to invest-
ment projects in less developed countries the govern-
ments of which are receptive to private enterprise, do-
mestic and foreign, and to projects in countries the 
governments of which are willing and able to main-
tain conditions that enable private enterprise to make 
its full contribution to the development process;’’. 
SEC. 
5. 
REQUIREMENTS 
REGARDING 
INTERNATIONAL 
WORKER RIGHTS. 
(a) COUNTRY REQUIREMENTS.—Subsection (a) of sec-
tion 231A of the Foreign Assistance Act of 1961 (22 U.S.C. 
2191a(a)) is amended— 
(1) by amending the subsection heading to read 
as follows: ‘‘INTERNATIONAL WORKER RIGHTS’’; 
(2) in paragraph (4), by striking ‘‘(4) In’’ and 
inserting ‘‘(5) ADDITIONAL DETERMINATION.—In’’ ; 
and 
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(3) by striking paragraphs (1) through (3) and 
inserting the following: 
‘‘(1) LIMITATION ON OPIC ACTIVITIES.—(A) The 
Corporation may insure, reinsure, guarantee, or fi-
nance a project only if the country in which the 
project is to be undertaken has made or is making 
significant progress towards the recognition, adop-
tion, and implementation of laws that substantially 
provide international worker rights, including in any 
designated zone, or special administrative region or 
area, in that country. 
‘‘(B) The Corporation shall also include the fol-
lowing language, in substantially the following form, 
in all contracts which the Corporation enters into 
with eligible investors to provide financial support 
under this title: 
‘‘ ‘The investor agrees not to take any actions to 
obstruct or prevent employees of the foreign enterprise 
from exercising their international worker rights (as 
defined in section 238(h) of the Foreign Assistance 
Act of 1961), and agrees to adhere to the obligations 
regarding those international worker rights.’ 
‘‘(2) PREFERENCE TO CERTAIN COUNTRIES.—To 
the degree possible and consistent with its develop-
ment objectives, the Corporation shall give pref-
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