Session #105 · 1997–99

Speech #1050114727

Others will have us further believe that the bill will encourage illegal transshipments from other countries under quota. That. too. is a myth. There are current U.S. customs laws to prevent transshipments and would apply. Moreover. the bill requires exporting countries in subSaharan Africa to adopt a visa system to guard against transshipments. and to cooperate fully with the United States in preventing transshipments as required by the WTO. Among other provisions in the bill are the equity and infrastructure funds to be supported by the Overseas Private Investment Corporation (OPIC). OPIC would establish a $150 million equity fund and a $500 million infrastructure fund to support African entrepreneurs in developing private sector enterprises.
Keywords matched
visa

Classification

Target group
Sentiment
Neutral
Stereotyping
No
Confidence
90%
Model
gemini-2.0-flash
Framing
Legal / procedural Economic contributor

Speaker & context

Speaker
ALCEE HASTINGS
Party
D
Chamber
H
State
FL
Gender
M
Date
1998-03-10
Speech ID
1050114727
Paragraph
#0
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