H. R. 302—314 
(1) IN
GENERAL.—Except as provided by paragraph (2), 
compensation for insurance, reinsurance, or a guaranty issued 
under this title shall not exceed the dollar value of the tangible 
or intangible contributions or commitments made in the project, 
plus interest, earnings, or profits actually accrued on such 
contributions or commitments, to the extent provided by such 
insurance, reinsurance, or guaranty. 
(2) EXCEPTION.— 
(A) IN GENERAL.—The Corporation may provide that— 
(i) appropriate adjustments in the insured dollar 
value be made to reflect the replacement cost of project 
assets; and 
(ii) compensation for a claim of loss under insur-
ance of an equity investment under section 1421 may 
be computed on the basis of the net book value attrib-
utable to the equity investment on the date of loss. 
(3) ADDITIONAL LIMITATION.— 
(A) IN GENERAL.—Notwithstanding paragraph (2)(A)(ii) 
and except as provided in subparagraph (B), the Corpora-
tion shall limit the amount of direct insurance and reinsur-
ance issued under section 1421 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 exposure to that insured and its affili-
ates in the project. 
(B) EXCEPTION.—The limitation under subparagraph 
(A) shall not apply to direct insurance or reinsurance of 
loans provided by banks or other financial institutions to 
unrelated parties. 
(c) ACTIONS BY ATTORNEY GENERAL.—The Attorney 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 guaranty under this title. 
(d) RULE OF CONSTRUCTION.—Nothing in this section shall be 
construed to preclude any forbearance for the benefit of a borrower 
that may be agreed upon by the parties to a loan guaranteed 
by the Corporation if budget authority for any resulting costs to 
the United States Government (as defined in section 502 of the 
Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) is available. 
SEC. 1424. TERMINATION. 
(a) IN GENERAL.—The authorities provided under this title 
terminate on the date that is 7 years after the date of the enactment 
of this Act. 
(b) TERMINATION
OF CORPORATION.—The Corporation shall 
terminate on the date on which the portfolio of the Corporation 
is liquidated. 
TITLE III—ADMINISTRATIVE AND 
GENERAL PROVISIONS 
SEC. 1431. OPERATIONS. 
(a) BILATERAL AGREEMENTS.—The Corporation may provide 
support under title II in connection with projects in any country 
the government of which has entered into an agreement with the
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United States authorizing the Corporation to provide such support 
in that country. 
(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 paragraph (1), or as a result 
of an arbitration award, shall be final and conclusive notwith-
standing 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 division. 
(d) ELECTRONIC PAYMENTS AND DOCUMENTS.—The Corporation 
shall implement policies to accept electronic documents and elec-
tronic payments in all of its programs. 
SEC. 1432. CORPORATE POWERS. 
(a) IN GENERAL.—The Corporation— 
(1) may adopt, alter, and use a seal, to include an identifi-
able symbol of the United States; 
(2) may make and perform such contracts, including no- 
cost contracts (as defined by the Corporation), grants, and 
other agreements notwithstanding division C of subtitle I of 
title 41, United States Code, with any person or government 
however designated and wherever situated, as may be necessary 
for carrying out the functions of the Corporation; 
(3) may lease, purchase, or otherwise acquire, improve, 
and use such real property wherever situated, as may be nec-
essary for carrying out the functions of the Corporation, except 
that, if the real property is for the Corporation’s own occupancy, 
the lease, purchase, acquisition, improvement, or use of the 
real property shall be entered into or conducted in consultation 
with the Administrator of General Services; 
(4) may accept cash gifts or donations of services or of 
property (real, personal, or mixed), tangible or intangible, for 
the purpose of carrying out the functions of the Corporation; 
(5) may use the United States mails in the same manner 
and on the same conditions as the Executive departments (as 
defined in section 101 of title 5, United States Code); 
(6) may contract with individuals for personal services, 
who shall not be considered Federal employees for any provision 
of law administered by the Director of the Office of Personnel 
Management; 
(7) may hire or obtain passenger motor vehicles; 
(8) may sue and be sued in its corporate name; 
(9) 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 property, except that, in the case of real property 
that is for the Corporation’s own occupancy, the acquisition, 
holding, or disposition of the real property shall be conducted 
in consultation with the Administrator of General Services;
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(10) may lease office space for the Corporation’s own use, 
with the obligation of amounts for such lease limited to the 
current fiscal year for which payments are due until the expira-
tion of the current lease under predecessor authority, as of 
the day before the date of the enactment of this Act; 
(11) may indemnify directors, officers, employees, 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 rep-
resent itself or contract for representation in any legal or 
arbitral proceeding; 
(13) may exercise any priority of the Government of the 
United States in collecting debts from bankrupt, insolvent, 
or decedents’ estates; 
(14) may collect, notwithstanding section 3711(g)(1) of title 
31, United States Code, or compromise any obligations assigned 
to or held by the Corporation, including any legal or equitable 
rights accruing to the Corporation; 
(15) may make arrangements with foreign governments 
(including agencies, instrumentalities, or political subdivisions 
of such governments) or with multilateral organizations or 
institutions for sharing liabilities; 
(16) may sell direct investments of the Corporation to pri-
vate investors upon such terms and conditions as the Corpora-
tion may determine; and 
(17) 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, handling, or disposal 
of property by the United States, the Corporation shall have the 
right in its discretion to complete, recondition, reconstruct, renovate, 
repair, maintain, operate, or sell any property acquired by the 
Corporation pursuant to the provisions of this division, except that, 
in the case of real property that is for the Corporation’s own 
occupancy, the completion, reconditioning, reconstruction, renova-
tion, repair, maintenance, operation, or sale of the real property 
shall be conducted in consultation with the Administrator of General 
Services. 
SEC. 1433. MAXIMUM CONTINGENT LIABILITY. 
The maximum contingent liability of the Corporation out-
standing at any one time shall not exceed in the aggregate 
$60,000,000,000. 
SEC. 1434. CORPORATE FUNDS. 
(a) CORPORATE CAPITAL ACCOUNT.—There is established in the 
Treasury of the United States a fund to be known as the ‘‘Corporate 
Capital Account’’ to carry out the purposes of the Corporation. 
(b) FUNDING.—The Corporate Capital Account shall consist of— 
(1) fees charged and collected pursuant to subsection (c); 
(2) any amounts received pursuant to subsection (e); 
(3) investments and returns on such investments pursuant 
to subsection (g); 
(4) unexpended balances transferred to the Corporation 
pursuant to subsection (i); 
(5) payments received in connection with settlements of 
all insurance and reinsurance claims of the Corporation; and
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(6) all other collections transferred to or earned by the 
Corporation, excluding the cost, as defined in section 502 of 
the Federal Credit Reform Act of 1990 (2 U.S.C. 661a), of 
loans and loan guaranties. 
(c) FEE AUTHORITY.—Fees may be charged and collected for 
providing services in amounts to be determined by the Corporation. 
(d) USES.— 
(1) IN GENERAL.—Subject to Acts making appropriations, 
the Corporation is authorized to pay— 
(A) the cost, as defined in section 502 of the Federal 
Credit Reform Act of 1990, of loans and loan guaranties; 
(B) administrative expenses of the Corporation; 
(C) for the cost of providing support authorized by 
subsections (c), (e), (f), and (g) of section 1421; 
(D) project-specific transaction costs. 
(2) INCOME AND REVENUE.—In order to carry out the pur-
poses of the Corporation, all collections transferred to or earned 
by the Corporation, excluding the cost, as defined in section 
502 of the Federal Credit Reform Act of 1990, of loans and 
loan guaranties, shall be deposited into the Corporate Capital 
Account and shall be available to carry out its purpose, 
including without limitation— 
(A) payment of all insurance and reinsurance claims 
of the Corporation; 
(B) repayments to the Treasury of amounts borrowed 
under subsection (e); and 
(C) dividend payments to the Treasury under sub-
section (f). 
(e) FULL FAITH AND CREDIT.— 
(1) IN GENERAL.—All support provided pursuant to prede-
cessor authorities or title II shall continue to constitute obliga-
tions of the United States, and the full faith and credit of 
the United States is hereby pledged for the full payment and 
performance of such obligations. 
(2) AUTHORITY TO BORROW.—The Corporation is authorized 
to borrow from the Treasury such sums as may be necessary 
to fulfill such obligations of the United States and any such 
borrowing shall be at a rate determined by the Secretary of 
the Treasury, taking into consideration the current average 
market yields on outstanding marketable obligations of the 
United States of comparable maturities, for a period jointly 
determined by the Corporation and the Secretary, and subject 
to such terms and conditions as the Secretary may require. 
(f) DIVIDENDS.—The Board, in consultation with the Director 
of the Office of Management and Budget, shall annually assess 
a dividend payment to the Treasury if the Corporation’s insurance 
portfolio is more than 100 percent reserved. 
(g) INVESTMENT AUTHORITY.— 
(1) IN GENERAL.—The Corporation may request the Sec-
retary of the Treasury to invest such portion of the Corporate 
Capital Account as is not, in the Corporation’s judgment, 
required to meet the current needs of the Corporate Capital 
Account. 
(2) FORM
OF
INVESTMENTS.—Such investments shall be 
made by the Secretary of the Treasury in public debt obliga-
tions, with maturities suitable to the needs of the Corporate 
Capital Account, as determined by the Corporation, and bearing