II 
Calendar No. 593 
110TH CONGRESS 
2D SESSION 
H. R. 2798 
[Report No. 110–273] 
IN THE SENATE OF THE UNITED STATES 
JULY 24, 2007 
Received; read twice and referred to the Committee on Foreign Relations 
MARCH 4, 2008 
Reported by Mr. BIDEN, with an amendment 
[Strike out all after the enacting clause and insert the part printed in italic] 
AN ACT 
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, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Overseas Private In-
vestment Corporation Reauthorization Act of 2007’’. 
SEC. 2. FINDINGS. 
The Congress finds the following: 
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(1) Since its founding in 1971, the Overseas 
Private Investment Corporation (in this section re-
ferred to as ‘‘OPIC’’) has helped to mobilize and fa-
cilitate private capital by United States investors in 
developing and emerging market countries in sup-
port 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 
environment, 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 
supported $177,000,000,000 in operating invest-
ments in more than 150 developing countries, help-
ing to create more than 800,000 jobs and some 
$13,000,000,000 in host-government revenues. 
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(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 
ability to operate on a self-sustaining basis to sup-
port 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 
budget contribution to the international affairs ac-
count of $159,000,000 in fiscal year 2008. 
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’’. 
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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, 
domestic and foreign, and to projects in countries 
the governments of which are willing and able to 
maintain conditions that enable private enterprise to 
make its full contribution to the development proc-
ess;’’. 
SEC.
5.
REQUIREMENTS
REGARDING
INTERNATIONAL 
WORKER RIGHTS. 
(a) COUNTRY REQUIREMENTS.—Subsection (a) of 
section 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 
(3) by striking paragraphs (1) through (3) and 
inserting the following: 
‘‘(1) LIMITATION
ON
OPIC
ACTIVITIES.—(A) 
The Corporation may insure, reinsure, guarantee, or 
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finance 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 en-
terprise 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 devel-
opment objectives, the Corporation shall give pref-
erential consideration to projects in countries that 
have adopted, maintain, and enforce laws that sub-
stantially provide international worker rights. 
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