maximum contingent liability for the preceding fiscal year 
by 25 percent or more.’’. 
SEC. 11. EXTENSION OF AUTHORITY TO OPERATE IN IRAQ. 
Section 239 of the Foreign Assistance Act of 1961 (22 
U.S.C. 2199), as amended by sections 7, 9, and 10, is 
amended by adding at the end the following: 
‘‘(o) OPERATIONS
IN IRAQ.—Notwithstanding sub-
sections (a) and (b) of section 237, the Corporation is au-
thorized to undertake in Iraq any program authorized by 
this title.’’. 
SEC. 12. LOW-INCOME HOUSING. 
Not later than 1 year after the date of the enactment 
of this Act, the Corporation shall submit a report to the 
Committee on Foreign Relations of the Senate and the Com-
mittee on Foreign Affairs of the House of Representatives, 
in consultation with appropriate departments, agencies, 
and instrumentalities of the United States, as well as pri-
vate entities, on the feasibility of broadening the assistance 
the Corporation provides to projects that provide support 
to low-income home buyers. If the Corporation finds such 
assistance is feasible, the Corporation shall identify and 
begin to implement steps to proceed to provide such assist-
ance. 
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SEC. 13. ASSISTANCE FOR SMALL BUSINESSES AND ENTI-
TIES. 
Section 240 of the Foreign Assistance Act of 1961 (22 
U.S.C. 2200) is amended by adding at the end the following: 
‘‘(c) RESOURCES DEDICATED TO SMALL BUSINESSES, 
COOPERATIVES, AND OTHER SMALL UNITED STATES IN-
VESTORS.—The Corporation shall ensure that adequate per-
sonnel and resources, including senior officers, are dedi-
cated to assist United States small businesses, cooperatives, 
and other small United States investors in obtaining insur-
ance, reinsurance, financing, and other assistance under 
this title. The Corporation shall include, in each annual 
report under section 240A, the following information with 
respect to the period covered by the report: 
‘‘(1) A description of such personnel and re-
sources. 
‘‘(2) The number of United States small busi-
nesses, cooperatives, and other small United States in-
vestors that received insurance, reinsurance, financ-
ing, and other assistance from the Corporation, and 
the dollar value of such insurance, reinsurance, fi-
nancing, and other assistance. 
‘‘(3) A description of the projects for which the 
insurance, reinsurance, financing, and other assist-
ance was provided.’’. 
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SEC. 14. TECHNICAL CORRECTIONS. 
(a) PILOT EQUITY FINANCE PROGRAM.—Section 234 
of the Foreign Assistance Act of 1961 (22 U.S.C. 2194) is 
amended— 
(1) by striking subsection (g); and 
(2) by redesignating subsection (h) as subsection 
(g). 
(b) TRANSFER AUTHORITY.—Section 235 of the For-
eign Assistance Act of 1961 (22 U.S.C. 2195) is amended— 
(1) by striking subsection (e); and 
(2) by redesignating subsection (f) as subsection 
(e). 
(c) GUARANTY CONTRACT.—Section 237(j) of the For-
eign Assistance Act of 1961 (22 U.S.C. 2197(j)) is amended 
by inserting ‘‘insurance, reinsurance, and’’ after ‘‘Each’’. 
(d) TRANSFER OF PREDECESSOR PROGRAMS AND AU-
THORITIES.— 
(1) TRANSFER.—Section 239 of the Foreign As-
sistance Act of 1961 (22 U.S.C. 2199), as amended by 
sections 7, 9, 10, and 11, is amended— 
(A) by striking subsection (b); and 
(B) by redesignating subsections (c) through 
(o) as subsections (b) through (n), respectively. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 237(m)(1) of the Foreign Assist-
ance Act of 1961 (22 U.S.C. 2197(m)(1)) is 
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amended by striking ‘‘239(g)’’ and inserting 
‘‘239(f)’’. 
(B) Section 240A(a) of the Foreign Assist-
ance Act of 1961 (22 U.S.C. 2200A(a)) is 
amended— 
(i) in paragraph (1), by striking 
‘‘239(h)’’ and inserting ‘‘239(g)’’; and 
(ii) in paragraph (2)(A), by striking 
‘‘239(i)’’ and inserting ‘‘239(h)’’. 
(C) Section 209(e)(16) of the Admiral 
James W. Nance and Meg Donovan Foreign Re-
lations Authorization Act, Fiscal Years 2000 and 
2001 (as enacted into law by section 1000(a)(7) 
of Public Law 106–113; 31 U.S.C. 1113 note) is 
amended by striking ‘‘239(c)’’ and ‘‘2199(c)’’ 
and inserting ‘‘239(b)’’ and ‘‘2199(b)’’, respec-
tively. 
(e) ADDITIONAL CLERICAL AMENDMENTS.—Section 
234(b) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2194(b)) is amended by striking ‘‘235(a)(2)’’ and inserting 
‘‘235(a)(1)’’. 
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Calendar No. 593 
110TH CONGRESS 
2D SESSION 
H. R. 2798 
[Report No. 110–273] 
AN ACT 
To reauthorize the programs of the Overseas Pri-
vate Investment Corporation, and for other pur-
poses. 
MARCH 4, 2008 
Reported with an amendment 
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