SUBCHAPTER VI—TRANSITIONAL PROVISIONS
§9681. Definitions
In this subchapter:
(1) Agency
The term "agency" includes any entity, organizational unit, program, or function.
(2) Transition period
The term "transition period" means the period—
(A) beginning on October 5, 2018; and
(B) ending on the effective date of the reorganization plan required by
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Editorial Notes
References in Text
This subchapter, referred to in text, was in the original "this title", meaning title VI (§§1461–1470) of div. F of
§9682. Reorganization plan
(a) Submission of plan
(1) In general
Not later than 120 days after October 5, 2018, the President shall transmit to the appropriate congressional committees a reorganization plan regarding the following:
(A) The transfer of agencies, personnel, assets, and obligations to the Corporation pursuant to this subchapter.
(B) Any consolidation, reorganization, or streamlining of agencies transferred to the Corporation pursuant to this subchapter.
(C) Any efficiencies or cost savings achieved or additional costs incurred as a result of the transfer of agencies, personnel, assets, and obligations to the Corporation pursuant to this subchapter, including reductions in unnecessary or duplicative operations, assets, and personnel.
(2) Consultation
Not later than 15 days before the date on which the plan is transmitted pursuant to this subsection, the President shall consult with the appropriate congressional committees on such plan.
(b) Plan elements
The plan transmitted under subsection (a) shall contain, consistent with this chapter, such elements as the President deems appropriate, including the following:
(1) Identification of any functions of agencies transferred to the Corporation pursuant to this subchapter that will not be transferred to the Corporation under the plan.
(2) Specification of the steps to be taken to organize the Corporation, including the delegation or assignment of functions transferred to the Corporation.
(3) Specification of the funds available to each agency that will be transferred to the Corporation as a result of transfers under the plan.
(4) Specification of the proposed allocations within the Corporation of unexpended funds transferred in connection with transfers under the plan.
(5) Specification of any proposed disposition of property, facilities, contracts, records, and other assets and obligations of agencies transferred under the plan.
(6) Specification of the number of authorized positions and personnel employed before the end of the transition period that will be transferred to the Corporation, including plans to mitigate the impact of such transfers on the United States Agency for International Development.
(c) Report on coordination
(1) In general
The transfer of functions authorized by this section may occur only after the President and Chief Executive Officer of the Overseas Private Investment Corporation and the Administrator of the United States Agency for International Development jointly submit to the Committee on Foreign Affairs and Committee on Appropriations of the House of Representatives and Committee on Foreign Relations and Committee on Appropriations of the Senate a report in writing that contains the information required by paragraph (2).
(2) Information required
The information required by this paragraph includes a description in detail of the procedures to be followed after the transfer of functions authorized by this section have occurred to coordinate between the Corporation and the United States Agency for International Development in carrying out the functions so transferred.
(d) Modification of plan
The President shall consult with the appropriate congressional committees before making any material modification or revision to the plan before the plan becomes effective in accordance with subsection (e).
(e) Effective date
(1) In general
The reorganization plan described in this section, including any modifications or revisions of the plan under subsection (c), shall become effective for an agency on the date specified in the plan (or the plan as modified pursuant to subsection (d)), except that such date may not be earlier than 90 days after the date the President has transmitted the reorganization plan to the appropriate congressional committees pursuant to subsection (a).
(2) Statutory construction
Nothing in this subsection may be construed to require the transfer of functions, personnel, records, balances of appropriations, or other assets of an agency on a single date.
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Editorial Notes
References in Text
This subchapter, referred to in subsecs. (a)(1) and (b)(1), was in the original "this title", meaning title VI (§§1461–1470) of div. F of
This chapter, referred to in subsec. (b), was in the original "this division", meaning division F of
Executive Documents
Delegation of Functions and Authorities Under the Better Utilization of Investments Leading to Development Act of 2018
Memorandum of President of the United States, Sept. 24, 2019, 84 F.R. 52353, provided:
Memorandum for the President of the Overseas Private Investment Corporation [and] the Administrator of the United States Agency for International Development
By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 1462 of title VI of division F of
The President of the Overseas Private Investment Corporation is authorized and directed to publish this memorandum in the Federal Register.
Donald J. Trump.
§9683. Transfer of functions
(a) In general
Effective at the end of the transition period, there shall be transferred to the Corporation the functions, personnel, assets, and liabilities of—
(1) the Overseas Private Investment Corporation, as in existence on the day before October 5, 2018; and
(2) the following elements of the United States Agency for International Development:
(A) The Development Credit Authority.
(B) The existing Legacy Credit portfolio under the Urban Environment Program and any other direct loan programs and non-Development Credit Authority guaranty programs authorized by the Foreign Assistance Act of 1961 (
(b) Additional transfer authority
Effective at the end of the transition period, there is authorized to be transferred to the Corporation, with the concurrence of the Administrator of the United States Agency for International Development, the functions, personnel, assets, and liabilities of the following elements of the United States Agency for International Development:
(1) The Office of Private Capital and Microenterprise.
(2) The enterprise funds.
(c) Sovereign loan guaranty transfer
(1) In general
Effective at the end of the transition period, there is authorized to be transferred to the Corporation or any other appropriate department or agency of the United States Government the loan accounts and the legal rights and responsibilities for the sovereign loan guaranty portfolio held by the United States Agency for International Development as in existence on the day before October 5, 2018.
(2) Inclusion in reorganization plan
The President shall include in the reorganization plan submitted under
(d) Bilateral agreements
Any bilateral agreement of the United States in effect on October 5, 2018, that serves as the basis for programs of the Overseas Private Investment Corporation and the Development Credit Authority shall be considered as satisfying the requirements of
(e) Transition
During the transition period, the agencies specified in subsection (a) shall—
(1) continue to administer the assets and obligations of those agencies; and
(2) carry out such programs and activities authorized under this chapter as may be determined by the President.
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Editorial Notes
References in Text
The Foreign Assistance Act of 1961, referred to in subsec. (a)(2)(B), is
This chapter, referred to in subsec. (e)(2), was in the original "this division", meaning division F of
Statutory Notes and Related Subsidiaries
Enhancement of Nongovernmental Sector in Poland and Hungary
[For transfer of functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation to the United States International Development Finance Corporation and treatment of related references, see this section and
§9684. Termination of Overseas Private Investment Corporation and other superceded authorities
Effective at the end of the transition period—
(1) the Overseas Private Investment Corporation is terminated; and
(2) Omitted.
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Editorial Notes
Codification
Section is comprised of section 1464 of
§9685. Transitional authorities
(a) Provision of assistance by officials
Until the transfer of an agency to the Corporation under
(b) Services and personnel
During the transition period, upon the request of the Corporation, the head of any executive agency may, on a reimbursable or non-reimbursable basis, provide services or detail personnel to assist with the transition.
(c) Acting officials
(1) In general
During the transition period, pending the advice and consent of the Senate to the appointment of an officer required by this chapter to be appointed by and with such advice and consent, the President may designate any officer whose appointment was required to be made by and with such advice and consent and who was such an officer before the end of the transition period (and who continues in office) or immediately before such designation, to act in such office until the same is filled as provided in this chapter. While so acting, such officers shall receive compensation at the higher of—
(A) the rates provided by this chapter for the respective offices in which they act; or
(B) the rates provided for the offices held at the time of designation.
(2) Rule of construction
Nothing in this chapter shall be construed to require the advice and consent of the Senate to the appointment by the President to a position in the Corporation of any officer whose agency is transferred to the Corporation pursuant to this subchapter and whose duties following such transfer are germane to those performed before such transfer.
(d) Transfer of personnel, assets, obligations, and functions
Upon the transfer of an agency to the Corporation under
(1) the personnel, assets, and obligations held by or available in connection with the agency shall be transferred to the Corporation for appropriate allocation, subject to the approval of the Director of the Office of Management and Budget and in accordance with
(2) the Corporation shall have all functions—
(A) relating to the agency that any other official could by law exercise in relation to the agency immediately before such transfer; and
(B) vested in the Corporation by this chapter or other law.
(
Editorial Notes
References in Text
This chapter, referred to in subsecs. (c) and (d)(2)(B), was in the original "this division", meaning division F of
This subchapter, referred to in subsec. (c)(2), was in the original "this title", meaning title VI (§§1461–1470) of div. F of
§9686. Savings provisions
(a) Completed administrative actions
(1) In general
Completed administrative actions of an agency shall not be affected by the enactment of this Act or the transfer of such agency to the Corporation under
(2) Completed administrative action defined
In this subsection, the term "completed administrative action" includes orders, determinations, rules, regulations, personnel actions, permits, agreements, grants, contracts, certificates, policies, licenses, registrations, and privileges.
(b) Pending proceedings
(1) In general
Pending proceedings in an agency, including notices of proposed rulemaking, and applications for licenses, permits, certificates, grants, and financial assistance, shall continue notwithstanding the enactment of this Act or the transfer of the agency to the Corporation, unless discontinued or modified under the same terms and conditions and to the same extent that such discontinuance could have occurred if such enactment or transfer had not occurred.
(2) Orders
Orders issued in proceedings described in paragraph (1), and appeals therefrom, and payments made pursuant to such orders, shall issue in the same manner and on the same terms as if this chapter had not been enacted or the agency had not been transferred, and any such orders shall continue in effect until amended, modified, superseded, terminated, set aside, or revoked by an officer of the United States or a court of competent jurisdiction, or by operation of law.
(c) Pending civil actions
Pending civil actions shall continue notwithstanding the enactment of this Act or the transfer of an agency to the Corporation, and in such civil actions, proceedings shall be had, appeals taken, and judgments rendered and enforced in the same manner and with the same effect as if such enactment or transfer had not occurred.
(d) References
References relating to an agency that is transferred to the Corporation under
(e) Employment provisions
(1) Regulations
The Corporation may, in regulations prescribed jointly with the Director of the Office of Personnel Management, adopt the rules, procedures, terms, and conditions, established by statute, rule, or regulation before October 5, 2018, relating to employment in any agency transferred to the Corporation under
(2) Effect of transfer on conditions of employment
Except as otherwise provided in this chapter, or under authority granted by this chapter, the transfer pursuant to this subchapter of personnel shall not alter the terms and conditions of employment, including compensation, of any employee so transferred.
(f) Statutory reporting requirements
Any statutory reporting requirement that applied to an agency transferred to the Corporation under this subchapter immediately before October 5, 2018, shall continue to apply following that transfer if the statutory requirement refers to the agency by name.
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Editorial Notes
References in Text
The enactment of this Act, referred to in subsecs. (a)(1), (b)(1), and (c), means the enactment of
This chapter, referred to in subsecs. (b)(2), (d), and (e)(2), was in the original "this division", meaning division F of
The effective date of this chapter, referred to in subsec. (d), probably means the date of enactment of
This subchapter, referred to in subsecs. (e)(2) and (f), was in the original "this title", meaning title VI (§§1461–1470) of div. F of
§9687. Other terminations
Except as otherwise provided in this chapter, whenever all the functions vested by law in any agency have been transferred pursuant to this subchapter, each position and office the incumbent of which was authorized to receive compensation at the rates prescribed for an office or position at level II, III, IV, or V of the Executive Schedule under subchapter II of
(
Editorial Notes
References in Text
This chapter, referred to in text, was in the original "this division", meaning division F of
This subchapter, referred to in text, was in the original "this title", meaning title VI (§§1461–1470) of div. F of
Levels II, III, IV, and V of the Executive Schedule, referred to in text, are set out in sections 5313, 5314, 5315, and 5316, respectively, of Title 5, Government Organization and Employees.
§9688. Incidental transfers
The Director of the Office of Management and Budget, in consultation with the Corporation, is authorized and directed to make such additional incidental dispositions of personnel, assets, and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this subchapter, as the Director may determine necessary to accomplish the purposes of this chapter.
(
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original "this title", meaning title VI (§§1461–1470) of div. F of
This chapter, referred to in text, was in the original "this division", meaning division F of
§9689. Reference
With respect to any function transferred under this subchapter (including under a reorganization plan under
(
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original "this title", meaning title VI (§§1461–1470) of div. F of