CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 81-H381-36
 TITLE: OPIC Services for U.S. Investors in China.
 SOURCE: Committee on Foreign Affairs. House
 DOC TYPE: Hearing                   COLLATION: iii+68 p.
 DATE: May 20, June 10, July 1, 1980
 CONGRESS-SESSION: 96-2              SUDOC: Y4.F76/1:Ov2/8
 ITEM NO: 1017
 LC CARD NO: 81-600814               MC ENTRY NO: 81-4097

 Joint hearings before the Subcom on Asian and Pacific Affairs and the
 Subcom on International Economic Policy and Trade to consider H.R. 5252
 (text, p. 39), to amend the Foreign Assistance Act of 1961 to authorize
 extension of Overseas Private Investment Corp. (OPIC) insurance and loan
 guarantee programs to U.S. investors in the People's Republic of China
 (PRC).
   Includes transcript (p. 33) of June 10 joint subcoms to consider
 substitute draft version of markup session H.R. 5252. Bill was reported to
 full committee.
   Also includes transcript (p. 35-38) of July 1 full committee markup
 session to receive report by Subcom on International Economic Policy and
 Trade Chairman Jonathan B. Bingham (D-NY) on H.R. 7531, a clean version of
 H.R. 5252. H.R. 7531 was reported to the House.
   Appendices (p. 39-68) include submitted statements and correspondence.
 CONTENT NOTATION: US investors in People's Republic of China, Overseas
     Private Investment Corp assistance authorization
 DESCRIPTORS: SUBCOM ON ASIAN AND PACIFIC AFFAIRS. HOUSE; SUBCOM ON
     INTERNATIONAL ECONOMIC POLICY AND TRADE. HOUSE; BINGHAM, JONATHAN B.;
     CONGRESSIONAL.COMMITTEE.MARKUP.SESSIONS; CHINA, PEOPLE'S REPUBLIC;
     FOREIGN.INVESTMENTS; FOREIGN.TRADE.PROMOTION; LOAN GUARANTEES;
     FOREIGN ASSISTANCE ACT; OVERSEAS PRIVATE INVESTMENT CORP.; INSURANCE
 BILLS: 96 H.R.7531; 96 H.R.5252
 LEGISLATIVE HISTORY OF: P.L.96-327

 81-H381-36 TESTIMONY NO: 1         May 20, 1980 p. 2-17
 WITNESSES (and witness notations):
     LLEWELLYN, J. BRUCE (Pres and Chief Exec Officer, OPIC)
     CONSTABLE, ELINOR G. (Dep Asst Sec, Intl Finance and Dev, State Dept)
 STATEMENTS AND DISCUSSION: Justification for H.R. 5252; prospects for U.S.
     investment in PRC.
 CONTENT NOTATION: US investors in People's Republic of China, Overseas
     Private Investment Corp assistance authorization
 DESCRIPTORS: DEPARTMENT.OF.STATE

 81-H381-36 TESTIMONY NO: 2         May 20, 1980 p. 17-25
 WITNESSES (and witness notations):
     MIDDLETON, CARL H. (vp, investment missions, Business Intl; former
        employee, OPIC)
 STATEMENT AND DISCUSSION: Advantages of OPIC political risk insurance.
 CONTENT NOTATION: US investors in People's Republic of China, Overseas
     Private Investment Corp assistance authorization

 81-H381-36 TESTIMONY NO: 3         May 20, 1980 p. 26-31
 WITNESSES (and witness notations):
     HANSEN-STURM, CORD D. (vp, corporate strategic planning, Amer Express
        Co; chm, China committee, Natl Foreign Trade Council)
 STATEMENT AND DISCUSSION: Exploration of OPIC opportunities in China.
 CONTENT NOTATION: US investors in People's Republic of China, Overseas
     Private Investment Corp assistance authorization
 DESCRIPTORS: NATIONAL FOREIGN TRADE COUNCIL