Profiles of Existing Government Corporations - US Government ...

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NAME: Overseas Private Investment Corporation (OPIC)
CORPGRATION PROPILe
OPIC
PuR.msx: OPIC assists U.S. private investors in making
investments in developing Countries to promote social and
economic development. OPIC offers investors asahtance in
finding lnvastment opportunities, political risk insurance,
investment guarantcee, and direct loans. OPIC conducts
financing, insurance, and reinsurance operations on a
self-sustaining basis, and utilizea private credit and investment
institutions and guaranty authority to mobilize capital funds.
LXGAL AuTN0RxTY: 22 U.S.C. 2'.91 et seq.
DATE CRXATXD: December 30, 1969
LEGISLATED TERJUNATION DATR: None specified in enabling
legislation.
LXGN, STATKJS: Wholly owned government corporation.
AGXNCY STATUS : Agency of the United States.
BOARD OP 0xRxcmRs: The board has 15 memberm; all 15 members are
appointed by the President. The Oir8ctor of the U.S.
International Development Cooperation Agency serves as l x officio
Board chairman. The U.S. Trade Repre8entative serve8 as l x
officio vice-chairman. The remaining thirteen members include
the Prrsident of OPIC and four officials of the U.S. government,
who shall include an official of the Department of Labor. Of the
remaining eight, two shall be experienced in small business, one
in organized labor, and one in cooperativem. In addition, none
of the eight shall be officials or l mployoem of the U.S.
government.
ADVISORY BOARD MEMBRRS: None specified in enabling legislation.
PARERTAGFXCY: None specified in enabling legislation
APPILIATEO AGEK!IES: OPIC operatem under the policy guidance of
the Secretary of State. OPIC is affiliated vith the U.S.
International Development Cooperation Agency.
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