Description: H.Amdt. 523 — 106th Congress (1999-2000)All Information (Except Text)

Amendment originally sought to require OPIC to settle claims within 90 days, allow a 60 day extension for receipt of supplemental information, and pay interest at the prime rate for each day after the specified time limit. \ As amended by the Menendez amendment (A008), the above was replaced with language that requires GAO to submit to Congress a report which reviews the claims activities of OPIC.

Purpose:

Amendment no. 10 printed in the Congressional Record to require OPIC to settle claims within 90 days, allow a 60 day extension for receipt of supplemental information, and pay interest at the prime rate for each day after the specified time limit.

House Amendment Code:

(A007)

House Tally Clerks use this code to manage amendment information.