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Start Preamble
Start Printed Page 37751
AGENCY:
Overseas Private Investment Corporation, US International Development Finance Corporation.
ACTION:
Final rule.
SUMMARY:
The Better Utilization of Investments Leading to Development (BUILD) Act of 2018 will create the U.S. International Development Finance Corporation (DFC) by bringing together the Overseas Private Investment Corporation (OPIC) and the Development Credit Authority (DCA) office of the U.S. Agency for International Development (USAID). The reorganization requires a transfer of administrative regulations from OPIC to the new agency.
DATES:
Effective October 1, 2019.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Nichole Skoyles, Administrative Counsel, 202-408-6297, fedreg@opic.gov.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
The BUILD Act of 2018 will winddown OPIC and combine the capabilities of OPIC and DCA while providing the US with more flexibility and tools to support investments in developing countries. DFC will be a new, modern agency and requires administrative structure to support its mission. DFC will replace OPIC as the authority for 5 CFR Chapter XXXIII and 22 CFR Chapter VII and assume its administrative regulations which cover ethics restrictions, the FOIA, the Privacy Act, the Sunshine Act, the FCPA, nondiscrimination provisions, lobbying restrictions, and Touhy regulations in all parts under those chapters. Neither OPIC nor DFC currently plan on having non-administrative regulations. Other than a change in agency name, contact information, and agency authorizing statute, no changes are proposed to the existing regulations.
Start List of SubjectsList of Subjects
5 CFR Part 4301
- Conflict of interests
- Employment
22 CFR Part 705
- Conflict of interests
22 CFR Part 706
- Administrative practice and procedure
- Freedom of information
- Privacy
22 CFR Part 707
- Privacy
22 CFR Part 708
- Sunshine Act
22 CFR Part 709
- US investments abroad
22 CFR Part 710
- Administrative practice and procedure
- Conflict of interest
22 CFR Part 711
- Administrative practice and procedure
- Equal employment opportunity
- Federal buildings and facilities
- Individuals with disabilities
22 CFR Part 712
- Government contracts
- Grant programs
- Loan programs
- Lobbying
- Penalties
- Reporting and recordkeeping requirements
22 CFR Part 713
- Administrative practice and procedure
- Labor management relations
- State Department
For the reasons stated in the preamble the Overseas Private Investment Corporation amends 5 CFR chapter XXXIII and 22 CFR chapter VII as follows:
Title 5
CHAPTER XXXIII—US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION
Start Amendment Part1. Revise the heading for chapter XXXIII to read as set forth above.
End Amendment Part Start PartPART 4301—SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION
End Part Start Amendment Part2. The authority citation for part 4301 continues to read as follows:
End Amendment Part Start Amendment Part3. Revise the heading for part 4301 to read as set forth above.
End Amendment PartStart Amendment Part[Amended]4. In § 4301.101, remove the words “Overseas Private Investment Corporation (OPIC)” and add in their place the words “US International Development Finance Corporation (DFC)” in the first sentence.
End Amendment PartTitle 22
CHAPTER VII—US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION
Start Amendment Part5. Revise the heading for chapter VII to read as set forth above.
End Amendment Part Start PartPART 705—EMPLOYEE ETHICAL CONDUCT STANDARDS AND FINANCIAL DISCLOSURE REGULATIONS
End Part Start Amendment Part6. Revise the authority citation for part 705 to read as follows:
End Amendment PartStart Amendment Part[Amended]7. In § 705.101:
End Amendment Part Start Amendment Parta. Remove the words “Overseas Private Investment Corporation (OPIC)” and add in their place the words “US International Development Finance Corporation (DFC)”; and
End Amendment Part Start Amendment Partb. Remove “OPIC” and add in its place “DFC”.
End Amendment Part Start PartPART 706—INFORMATION DISCLOSURE UNDER THE FREEDOM OF INFORMATION ACT
End Part Start Amendment Part8. Revise the authority citation for part 706 to read as follows:
End Amendment Part Start Amendment Part9. In part 706: Start Printed Page 37752
End Amendment Part Start Amendment Parta. Revise the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
End Amendment Part Start Amendment Partb. Remove “OPIC” and add in its place “DFC” wherever it occurs.
End Amendment PartStart Amendment Part[Amended]10. In § 706.10, remove the web address “ www.opic.gov/foia” and add in its place “www.dfc.gov”.
End Amendment PartStart Amendment Part[Amended]11. In § 706.11, in paragraph (a)(1), remove the web address “FOIA@opic.gov” and add in its place “foia@dfc.gov”.
End Amendment PartStart Amendment Part[Amended]12. In § 706.34, in paragraph (a), remove the web address “ FOIA@opic.gov” and add in its place “foia@dfc.gov”.
End Amendment Part Start PartPART 707—ACCESS TO AND SAFEGUARDING OF PERSONAL INFORMATION
End Part Start Amendment Part13. Revise the authority citation for part 707 to read as follows:
End Amendment Part Start Amendment Part14. Revise the heading for part 707 to read as set forth above.
End Amendment Part Start Amendment Part15. In part 707:
End Amendment Part Start Amendment Parta. Remove the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
End Amendment Part Start Amendment Partb. Remove “OPIC” and add in its place “DFC” wherever it occurs.
End Amendment PartStart Amendment Part[Amended]16. In § 707.21, in paragraph (a), remove the web address “Privacy@opic.gov” and add in its place “privacy@dfc.gov”.
End Amendment Part Start PartPART 708—SUNSHINE REGULATIONS
End Part Start Amendment Part17. Revise the authority citation for part 708 to read as follows:
End Amendment Part Start PartPART 709—[REMOVED AND RESERVED]
End Part Start Amendment Part18. Under the authority 22 U.S.C. 2191, remove and reserve part 709, consisting of §§ 709.1 through 709.8.
End Amendment Part Start PartPART 710—ADMINISTRATIVE ENFORCEMENT PROCEDURES OF POST-EMPLOYMENT RESTRICTIONS
End Part Start Amendment Part19. Revise the authority citation for part 710 to read as follows:
End Amendment Part Start Amendment Part20. In part 710:
End Amendment Part Start Amendment Parta. Remove the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
End Amendment Part Start Amendment Partb. Remove “OPIC” and add in its place “DFC” wherever it occurs.
End Amendment Part Start PartPART 711—ENFORCEMENT OF NONDISCRIMINATION ON THE BASIS OF HANDICAP IN PROGRAMS OR ACTIVITIES
End Part Start Amendment Part21. Revise the authority citation for part 711 to read as follows:
End Amendment Part Start Amendment Part22. Revise the heading for part 711 to read as set forth above.
End Amendment PartStart Amendment Part[Amended]23. In § 711.170, in paragraph (c), remove the address “1615 M Street NW, Washington, DC 20527, Attention: Director of Personnel” and add in its place “1100 New York Avenue NW, Washington, DC 20527, Attention: Director of Human Resources Management”.
End Amendment Part Start PartPART 712—NEW RESTRICTIONS ON LOBBYING
End Part Start Amendment Part24. Revise the authority citation for part 712 to read as follows:
End Amendment Part Start PartPART 713—PRODUCTION OF NONPUBLIC RECORDS AND TESTIMONY OF EMPLOYEES IN LEGAL PROCEEDINGS
End Part Start Amendment Part25. Revise the authority citation for part 713 to read as follows:
End Amendment Part Start Amendment Part26. Revise the heading for part 713 to read as set forth above.
End Amendment Part Start Amendment Part27. In part 713:
End Amendment Part Start Amendment Parta. Remove the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
End Amendment Part Start Amendment Partb. Remove “OPIC” and add in its place “DFC” wherever it occurs.
End Amendment Part Start SignatureEnd Signature End Supplemental InformationDev Jagadesan,
Deputy General Counsel, Department of Legal Affairs, Overseas Private Investment Corporation.
[FR Doc. 2019-16250 Filed 8-1-19; 8:45 am]
BILLING CODE 3210-01-P
Document Information
- Effective Date:
- 10/1/2019
- Published:
- 08/02/2019
- Department:
- Overseas Private Investment Corporation
- Entry Type:
- Rule
- Action:
- Final rule.
- Document Number:
- 2019-16250
- Dates:
- Effective October 1, 2019.
- Pages:
- 37751-37752 (2 pages)
- PDF File:
- 2019-16250.pdf
- CFR: (7)
- 22 CFR 705.101
- 22 CFR 706.10
- 22 CFR 706.11
- 22 CFR 706.34
- 22 CFR 707.21
- More ...