(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
(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 any officer 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-
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 striking
‘‘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 is
amended by inserting after ‘‘section 238(c)’’ the following:
‘‘as in effect on the day before the effective date of the
repeal of that section made by section 2(d) of the OPIC
Abolition Act’’.
(2) 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,’’.
(3) 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.
(4) 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;
(B) by striking paragraph (13); and
(C) by redesignating paragraph (14) as para-
graph (13).
(5) Section 709 of title 18, United States Code, is
amended by striking the paragraph that begins ‘‘Whoever
uses the words ‘Overseas Private Investment’ ’’.
(6) Section 624 of the Higher Education Act of 1965
(20 U.S.C. 1131c) is amended by striking ‘‘the Overseas
Private Investment Corporation,’’.
(7) 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)’’.
(8)(A) Section 574 of the Foreign Operations, Export
Financing, and Related Programs Appropriations Act,
1996 (22 U.S.C. 2394 note) is amended—
(i) by amending subsection (b) to read as fol-
lows:
‘‘(b) COUNTRIES.—The countries referred to in sub-
section (a) are countries for which in excess of $5,000,000
has been obligated during the previous fiscal year for as-
sistance under sections 103 through 106, chapters 10 and
11 of part I, and chapter 4 of part II of the Foreign As-
sistance Act of 1961, and under the Support for East Eu-
ropean Democracy Act of 1989.’’; and
(ii) in the first sentence of subsection (c) by
striking ‘‘the Administrator’’ and all that follows
through ‘‘Corporation’’ and inserting ‘‘and the Ad-
ministrator of the Agency for International Develop-
ment’’.
(B) The amendment made by subparagraph (A) shall
first apply to the annual report required to be submitted
under section 574(a) of the Foreign Operations, Export
Financing, and Related Programs Appropriations Act,
1996 in the fiscal year following the fiscal year in which
no funds have been obligated by the Overseas Private In-
vestment Corporation by virtue of this Act.
(9) Section 2(c)(12) of the Support for East Euro-
pean Democracy (SEED) Act of 1989 (22 U.S.C.
5401(c)(12)) is repealed.
(10) 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.
(11) Section 9101(3) of title 31, United States Code,
is amended—
(A) by striking subparagraph (H); and
(B) by redesignating subparagraphs (I) through
(P) as subparagraphs (G) through (O), respectively.
(12) 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).