Organization, functions, and authority delegations: International Development Cooperation Agency abolished; and CFR chapter heading revised,

[Federal Register: June 18, 1999 (Volume 64, Number 117)]

[Rules and Regulations]

[Page 32805-32806]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr18jn99-5]

OVERSEAS PRIVATE INVESTMENT CORPORATION

22 CFR Chapter VII

Abolishment of the U.S. International Development Cooperation Agency and Revision of Code of Federal Regulations Chapter Heading

AGENCY: Overseas Private Investment Corporation.

ACTION: Final rule.

SUMMARY: The Overseas Private Investment Corporation (``OPIC'') is amending its chapter in the Code of Federal Regulations (``CFR'') to delete the reference to the U.S. International Development Cooperation Agency (``IDCA''). Under the provisions of the Foreign Affairs Reform and Restructuring Act of 1998, IDCA was abolished, effective April 1, 1999.

DATES: Effective June 18, 1999.

FOR FURTHER INFORMATION CONTACT: Eli Landy, Legal Affairs Department, 202-336-8418, eland@opic.gov.

SUPPLEMENTARY INFORMATION: Under the provisions of the Foreign Affairs Reform and Restructuring Act of 1998, as contained in Public Law 105- 277, IDCA was abolished, effective April 1, 1999.

The abolition of IDCA does not affect the status and validity of OPIC regulations, directives, rulings, policies; they continue in effect.

This is a procedural rule exempt from notice and comment under 5 U.S.C. 533(b)(3)(a). This rule is not a significant rule for purposes of Executive Order 12866 and has not been reviewed by the Office of Management and Budget. This rule does not have a significant impact on small business entities under the Regulatory Flexibility Act.

For the reasons set forth in the preamble and under the authority of 22 U.S.C. 2191, revise the heading of

[[Page 32806]]

chapter VII of title 22 of the Code of Federal Regulations to read as follows:

CHAPTER VII--OVERSEAS PRIVATE INVESTMENT CORPORATION

Charles D. Toy, Vice President and General Counsel.

[FR Doc. 99-15502Filed6-17-99; 8:45 am]

BILLING CODE 3210-01-M

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT