§ 635o. — Congressional statement of purpose.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC635o]
TITLE 12--BANKS AND BANKING
CHAPTER 6A--EXPORT-IMPORT BANK OF THE UNITED STATES
SUBCHAPTER III--TIED AID CREDIT EXPORT SUBSIDIES
Sec. 635o. Congressional statement of purpose
The purpose of this subchapter is--
(1) to expand employment and economic growth in the United
States by expanding United States exports to the markets of the
developing world;
(2) to stimulate the economic development of countries in the
developing world by improving their access to credit for the
importation of United States products and services for developmental
purposes;
(3) to neutralize the predatory financing engaged in by many
nations whose exports compete with United States exports, and
thereby restore export competition to a market basis; and
(4) to encourage foreign governments to enter into effective and
comprehensive agreements with the United States to end the use of
tied aid credits for exports, and to limit and govern the use of
export credit subsidies generally.
(Pub. L. 98-181, title VI, Sec. 642, Nov. 30, 1983, 97 Stat. 1263.)
References in Text
This subchapter, referred to in text, was in the original ``this
part'', meaning part C (Secs. 641-647) of title VI of Pub. L. 98-181,
Nov. 30, 1983, 97 Stat. 1263, known as the Trade and Development
Enhancement Act of 1983, which enacted this subchapter and section 1671g
of Title 19, Customs Duties, and amended sections 1671a and 1671b of
Title 19. For complete classification of this Act to the Code, see Short
Title note below and Tables.
Short Title
Section 641 of Pub. L. 98-181 provided that: ``This part [part C
(Secs. 641-647) of title VI of Pub. L. 98-181, enacting this subchapter
and section 1671g of Title 19, Customs Duties, and amended sections
1671a and 1671b of Title 19] may be referred to as the `Trade and
Development Enhancement Act of 1983'.''
