22 USC 6561 – Abolition of United States International Development Cooperation Agency
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(a) In general
Except for the components specified in subsection (b), the United States International Development Cooperation Agency (including the Institute for Scientific and Technological Cooperation) is abolished.
(b) AID and OPIC exempted
Terms Used In 22 USC 6561
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Subsection (a) does not apply to the Agency for International Development or the Overseas Private Investment Corporation.