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Resolutions Adopted at the
67th Annual Conference of Mayors
New Orleans, Louisiana
June 11-15, 1999 |
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INTERNATIONAL AFFAIRS
SUPPORT FOR RE-AUTHORIZATION OF THE OVERSEAS
PRIVATE INVESTMENT CORPORATION (OPIC)
WHEREAS, The United States Conference of Mayors recognizes the importance of trade,
exports and overseas investments to the economic health of America’s counties and the
security of the United States; and
WHEREAS, U.S. businesses export billions of dollars in goods and services
annual, and account for much of the economic gains made in the United States in recent
years; and
WHEREAS, the Overseas Private Investment Corporation (OPIC) has backed projects
sponsored by U.S. companies worth over $121.6 billion, creating $58 billion in U.S.
exports and creating more than 237,000 American jobs; and
WHEREAS, that The United States Conference of Mayors and its associated would
benefit greatly from the job creation and new revenues which result from these overseas
investments,
NOW, THEREFORE, BE IT RESOLVED that The United States Conference of Mayors
supports H.R. 1933 and S. 688 which would re-authorize OPIC’s operations for the next
four years.
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