# [Amended]
**AGENCY:**
Overseas Private Investment Corporation, US International Development Finance Corporation.
**ACTION:**
Final rule.
**SUMMARY:**
The Better Utilization of Investments Leading to Development (BUILD) Act of 2018 will create the U.S. International Development Finance Corporation (DFC) by bringing together the Overseas Private Investment Corporation (OPIC) and the Development Credit Authority (DCA) office of the U.S. Agency for International Development (USAID). The reorganization requires a transfer of administrative regulations from OPIC to the new agency.
**DATES:**
*Effective* October 1, 2019.
**FOR FURTHER INFORMATION CONTACT:**
Nichole Skoyles, Administrative Counsel, 202-408-6297, *[email protected].*
**SUPPLEMENTARY INFORMATION:**
The BUILD Act of 2018 will winddown OPIC and combine the capabilities of OPIC and DCA while providing the US with more flexibility and tools to support investments in developing countries. DFC will be a new, modern agency and requires administrative structure to support its mission. DFC will replace OPIC as the authority for 5 CFR Chapter XXXIII and 22 CFR Chapter VII and assume its administrative regulations which cover ethics restrictions, the FOIA, the Privacy Act, the Sunshine Act, the FCPA, nondiscrimination provisions, lobbying restrictions, and Touhy regulations in all parts under those chapters. Neither OPIC nor DFC currently plan on having non-administrative regulations. Other than a change in agency name, contact information, and agency authorizing statute, no changes are proposed to the existing regulations.
**List of Subjects**
Conflict of interests, Employment.
Conflict of interests.
Administrative practice and procedure, Freedom of information, Privacy.
Privacy.
Sunshine Act.
U.S. investments abroad.
Administrative practice and procedure, Conflict of interest.
Administrative practice and procedure, Equal employment opportunity, Federal buildings and facilities, Individuals with disabilities.
Government contracts, Grant programs, Loan programs, Lobbying, Penalties, Reporting and recordkeeping requirements.
Administrative practice and procedure, Labor management relations, State Department
For the reasons stated in the preamble the Overseas Private Investment Corporation amends 5 CFR chapter XXXIII and 22 CFR chapter VII as follows:
**Title 5**
**CHAPTER XXXIII—US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION**
**5 CFR Part 4301**
1. Revise the heading for chapter XXXIII to read as set forth above.
**PART 4301—SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION**
**5 CFR Part 4301**
2. The authority citation for part 4301 continues to read as follows:
**Authority:**
5 U.S.C. 7301; 5 U.S.C. App. (Ethics in Government Act of 1978); E.O. 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by E.O. 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105, 2635.803.
**5 CFR Part 4301**
3. Revise the heading for part 4301 to read as set forth above.
§ 4301.101
**5 CFR Part 4301**
4. In § 4301.101, remove the words “Overseas Private Investment Corporation (OPIC)” and add in their place the words “US International Development Finance Corporation (DFC)” in the first sentence.
**Title 22**
**CHAPTER VII—US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION**
**22 CFR Part 705**
5. Revise the heading for chapter VII to read as set forth above.
**PART 705—EMPLOYEE ETHICAL CONDUCT STANDARDS AND FINANCIAL DISCLOSURE REGULATIONS**
**22 CFR Part 705**
6. Revise the authority citation for part 705 to read as follows:
**Authority:**
5 U.S.C. 7301; Pub. L. 115-254, sections 1401-1470.
§ 705.101
**22 CFR Part 705**
7. In § 705.101:
a. Remove the words “Overseas Private Investment Corporation (OPIC)” and add in their place the words “US International Development Finance Corporation (DFC)”; and
b. Remove “OPIC” and add in its place “DFC”.
**PART 706—INFORMATION DISCLOSURE UNDER THE FREEDOM OF INFORMATION ACT**
**22 CFR Part 706**
8. Revise the authority citation for part 706 to read as follows:
**Authority:**
5 U.S.C. 552, Pub. L. 114-185; Pub. L. 115-254, sections 1401-1470.
**22 CFR Part 706**
9. In part 706:
a. Revise the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
b. Remove “OPIC” and add in its place “DFC” wherever it occurs.
§ 706.10
**22 CFR Part 706**
10. In § 706.10, remove the web address “ *www.opic.gov/foia”* and add in its place “ *www.dfc.gov”.*
§ 706.11
**22 CFR Part 706**
11. In § 706.11, in paragraph (a)(1), remove the web address *“[email protected]”* and add in its place *“[email protected]”* .
§ 706.34
**22 CFR Part 706**
12. In § 706.34, in paragraph (a), remove the web address “[email protected]” and add in its place *“[email protected]”* .
**PART 707—ACCESS TO AND SAFEGUARDING OF PERSONAL INFORMATION**
**22 CFR Part 707**
13. Revise the authority citation for part 707 to read as follows:
**Authority:**
5 U.S.C. 552a; Pub. L. 115-254, sections 1401-1470.
**22 CFR Part 707**
14. Revise the heading for part 707 to read as set forth above.
**22 CFR Part 707**
15. In part 707:
a. Remove the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
b. Remove “OPIC” and add in its place “DFC” wherever it occurs.
§ 707.21
**22 CFR Part 707**
16. In § 707.21, in paragraph (a), remove the web address *“[email protected]”* and add in its place *“[email protected]”* .
**PART 708—SUNSHINE REGULATIONS**
**22 CFR Part 708**
17. Revise the authority citation for part 708 to read as follows:
**Authority:**
5 U.S.C. 552b; Pub. L. 115-254, sections 1401-1470.
**PART 709—[REMOVED AND RESERVED]**
**22 CFR Part 709**
18. Under the authority 22 U.S.C. 2191, remove and reserve part 709, consisting of §§ 709.1 through 709.8.
**PART 710—ADMINISTRATIVE ENFORCEMENT PROCEDURES OF POST-EMPLOYMENT RESTRICTIONS**
**22 CFR Part 709**
19. Revise the authority citation for part 710 to read as follows:
**Authority:**
18 U.S.C. 207; Pub. L. 115-254, sections 1401-1470.
**22 CFR Part 710**
20. In part 710:
a. Remove the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
b. Remove “OPIC” and add in its place “DFC” wherever it occurs.
**PART 711—ENFORCEMENT OF NONDISCRIMINATION ON THE BASIS OF HANDICAP IN PROGRAMS OR ACTIVITIES**
**22 CFR Part 711**
21. Revise the authority citation for part 711 to read as follows:
**Authority:**
29 U.S.C. 794; Pub. L. 115-254, sections 1401-1470.
**22 CFR Part 711**
22. Revise the heading for part 711 to read as set forth above.
§ 711.170
**22 CFR Part 711**
23. In § 711.170, in paragraph (c), remove the address “1615 M Street NW, Washington, DC 20527, Attention: Director of Personnel” and add in its place “1100 New York Avenue NW, Washington, DC 20527, Attention: Director of Human Resources Management”.
**PART 712—NEW RESTRICTIONS ON LOBBYING**
**22 CFR Part 712**
24. Revise the authority citation for part 712 to read as follows:
**Authority:**
31 U.S.C. 1352; Pub. L. 115-254, section 1401-1470.
**PART 713—PRODUCTION OF NONPUBLIC RECORDS AND TESTIMONY OF EMPLOYEES IN LEGAL PROCEEDINGS**
**22 CFR Part 713**
25. Revise the authority citation for part 713 to read as follows:
**Authority:**
5 U.S.C. 301; 5 U.S.C. 552; 5 U.S.C. 552a; 5 U.S.C. 702; 18 U.S.C. 207; 18 U.S.C. 641; 22 U.S.C. 2199(d); 28 U.S.C. 1821; Pub. L. 115-254, sections 1401-1470.
**22 CFR Part 713**
26. Revise the heading for part 713 to read as set forth above.
**22 CFR Part 713**
27. In part 713:
a. Remove the words “Overseas Private Investment Corporation” and add in their place the words “US International Development Finance Corporation” wherever they occur; and
b. Remove “OPIC” and add in its place “DFC” wherever it occurs.
Dev Jagadesan,
Deputy General Counsel, Department of Legal Affairs, Overseas Private Investment Corporation.