Definitions

In this Act: (1) DFC The term DFC means the United States International Development Finance Corporation. (2) Qualified corporation The term qualified corporation does not include a State-owned enterprise. (3) Qualified moving costs defined The term qualified moving costs means— (A) the costs of moving inventory, equipment, and supplies from the People’s Republic of China to a Latin American or Caribbean country; and (B) the costs of workforce development and construction of facilities. (4) Latin American or Caribbean country; Western Hemisphere (A) In general The terms Latin American or Caribbean country and Western Hemisphere — (i) mean a country in the Caribbean Sea, South America, or Central America, and Mexico; and (ii) except as provided in subparagraph (B), do not include Cuba or Venezuela. (B) Exception The term Latin American or Caribbean country shall include Cuba or Venezuela if the Secretary of State determines and certifies to Congress that— (i) the government of such country— (I) has held free and fair presidential and legislative elections, as determined by independent international observers, and subsequent elections are scheduled; (II) respects and upholds human rights; (III) is taking significant steps to privatize its economy and institute a free market; (IV) permits the international community to provide humanitarian, governance, and economic development assistance; (V) has freed all unlawfully detained United States citizens, legal permanent residents, and political prisoners; and (VI) has expelled all security services from foreign adversaries from the country; and (ii) the prior authorities of such country have renounced their illegitimate claim to power. (5) Federal funds rate The term Federal funds rate means the discount window primary credit interest rate most recently published on the Federal Reserve Statistical Release on selected interest rates (daily or weekly), commonly referred to as the H.15 release.