US Congress House Bill 4980 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on March 25 2010 - 25% progression, died in committee
Action: 2010-03-25 - Referred to the House Committee on Foreign Affairs.
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Kick OPIC Act of 2010 - Prohibits the Overseas Private Investment Corporation (OPIC) from issuing insurance, guaranties, or reinsurance, making loan, acquiring securities, or entering into risk sharing arrangements under the Foreign Assistance Act of 1961, effective 60 days after enactment of this Act. Abolishes OPIC 180 days after enactment. Requires the Director of the Office of Management and Budget (OMB) to perform the functions of OPIC with respect to any outstanding contracts and agreements until their expiration and to take necessary steps to wind up the affairs of OPIC. Sets forth provisions regarding the termination of OPIC authorities, the transfer of funds, and the effect on prior determinations and pending proceedings.

Kick OPIC Act of 2010

Sen. Jeff Flake [R-AZ]

Rep. Patrick Murphy [R-PA]

Rep. Edward Royce [R-CA]

Date	Chamber	Action
2010-03-25		Referred to the House Committee on Foreign Affairs.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/4980/all-info
Text	https://www.congress.gov/111/bills/hr4980/BILLS-111hr4980ih.pdf