§ 635a-1. — Export credit competition.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC635a-1]
TITLE 12--BANKS AND BANKING
CHAPTER 6A--EXPORT-IMPORT BANK OF THE UNITED STATES
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 635a-1. Export credit competition
(a) The President is authorized and requested to begin negotiations
at the ministerial level with other major exporting countries to end
predatory export financing programs and other forms of export subsidies,
including mixed credits, in third country markets as well as within the
United States. The President shall report to the Congress prior to
January 15, 1979, on progress toward meeting the goals of this section.
(b) The Export-Import Bank of the United States is authorized to
provide guarantees, insurance, and extensions of credit at rates and
terms and other conditions which are, in the opinion of the Board of
Directors of the Bank, competitive with those provided by the
government-supported export credit instrumentalities of other nations.
(Pub. L. 95-630, title XIX, Sec. 1908, Nov. 10, 1978, 92 Stat. 3725.)
Codification
Section was enacted as part of the Export-Import Bank Act Amendments
of 1978, and not as part of the Export-Import Bank Act of 1945 which
comprises this subchapter.
Effective Date
Section effective Nov. 10, 1978, see section 1917 of Pub. L. 95-630,
set out as an Effective Date of 1978 Amendment note under section 635 of
this title.
