NOTIFICATIONS TO BE PROVIDED BY THE CORPORATION.

SEC. 1446. [22 U.S.C. 9656] NOTIFICATIONS TO BE PROVIDED BY THE CORPORATION. (a) In General.—Not later than 15 days prior to the Corporation making a financial commitment associated with the provision of support under title II in an amount in excess of $20,000,000, the Chief Executive Officer of the Corporation shall submit to the appropriate congressional committees a report in writing that contains the information required by subsection (b). (b) Information Required.—The information required by this subsection includes— (1) the amount of each such financial commitment; (2) an identification of the recipient or beneficiary; (3) a description of the project, activity, or asset and the Corporation”s impact quotient outlining the development goal or purpose to be achieved by providing support by the Corporation; and (4)(A) information relating to whether the Corporation has accepted a creditor status that is subordinate to that of other creditors in the project, activity, or asset; and (B) for all projects, activities, or assets that the Corporation has accepted a creditor status that is subordinate to that of other creditors the Corporation shall include a description of the substantive policy rationale required by section 1422(b)(12) that influenced the decision to accept such a creditor status. (c) Bilateral Agreements.—The Chief Executive Officer of the Corporation shall notify the appropriate congressional committees not later than 30 days after entering into a new bilateral agreement described in section 1431(a).