Laws: Cases and Codes : U.S. Code : Title 12
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U.S. Code as of:
01/19/04
Chapter 6A - Notes
SUBCHAPTER I - GENERAL PROVISIONS
Sec.
635. Powers and functions of Bank.
(a) General banking business; use of mails;
publication of documents, reports, contracts,
etc.; use of assets and allocated or borrowed
money; payment of dividends; medium-term
financing; dissemination of information;
enhancement of medium-term program.
(b) Guarantees, insurance, and extension of credit
functions; competitive with
Government-supported rates and terms and
conditions of foreign exporting countries;
survey and report; interest rates; private
capital encouragement; national interest
determinations; delivery of United States
services in international commerce; small
business concern encouragement; coverage of
losses by Foreign Credit Insurance
Association; loans to Union of Soviet
Socialist Republics for fossil fuel research,
etc.; nuclear safeguards violations resulting
in limitations on exports and credit; defense
article credit sales to less developed
countries; amount outstanding; supplementation
of Commodity Credit Corporation programs;
limitations on authority of Bank; prohibition
relating to Angola.
(c) Guarantees, insurance, coinsurance, and
reinsurance functions; fractional charge;
aggregate outstanding amount; fees and
premiums; issuance, service and adjustments by
agents; transferability of guarantees.
(d) Equal and nondiscriminatory opportunities for
domestic companies to bid for insurance.
(e) Limitation on assistance which adversely
affects the United States.
(f) Authority to deny application for assistance
based on fraud or corruption by party involved
in the transaction.
635a. Management of Bank.
(a) Establishment as independent agency.
(b) President and First Vice President of the Bank;
appointment; duties.
(c) Board of Directors; composition; oath; terms;
duties; quorum; bylaws.
(d) Advisory Committee; appointment; composition;
meetings; advice to Banks; report to Congress.
(e) Conflicting personal interests.
635a-1. Export credit competition.
635a-2. Implementation of regulations and procedures to lessen
adverse effect of loans and guarantees on industries
in United States; report by United States
International Trade Commission; written consideration
of views of adversely affected parties.
635a-3. Export-Import Bank financing to match foreign
financing.
(a) Noncompetitive financing; inquiry by Secretary;
notification of foreign country and
prospective parties to transaction.
(b) Issuance of authorization to Bank to provide
guarantees, insurance, and credits to
competing United States sellers.
(c) Provision of financing by Bank pursuant to
authorization.
635a-4. Guarantees for export accounts receivable and
inventory.
635b. Capitalization of Bank; method of capital stock
payments; public-debt transactions; issuance of stock
certificates.
635c. Repealed.
635d. Issuance of debentures, bonds, etc.; obligations
redeemable; payment of interest; obligations
purchasable by Secretary of the Treasury; public-debt
transactions.
635e. Aggregate loan, guarantee, and insurance authority.
(a) Limitation on outstanding amounts.
(b) Presidential determination.
635f. Termination date of Bank's functions; exceptions;
liquidation.
635g. Report to Congress; time for submission; contents.
(a) Annual submission of report.
(b) Report on allocation of sums set aside for
small business exports.
(c) Technology to assist small businesses.
(d) Number of small business suppliers of Bank
users.
(e) Outreach to certain small businesses.
635h. Exemption from prohibition of section 955 of title 18.
635i to 635i-2. Repealed.
635i-3. Tied Aid Credit Fund and program.
(a) Findings.
(b) Establishment of tied aid credit program.
(c) Tied Aid Credit Fund.
(d) Consistency with Arrangement.
(e) Authorization.
(f) Nonreviewability.
(g) Report to Congress.
(h) Definitions.
635i-4. Repealed.
635i-5. Environmental policy and procedures.
(a) Environmental effects consideration.
(b) Use of Bank programs to encourage certain
exports.
(c) Inclusion in report to Congress.
(d) Interpretation.
635i-6. Debt reduction; Enterprise for the Americas
Initiative.
(a) Definitions.
(b) Eligibility for benefits under the Facility.
(c) Loans eligible for sale, reduction, or
cancellation.
(d) Deposit of proceeds.
(e) Eligible purchasers.
(f) Debtor consultation.
(g) Authorization of appropriations.
635i-7. Cooperation on export financing programs.
635i-8. Special debt relief for poorest, most heavily indebted
countries.
(a) Debt reduction authority.
(b) Limitations.
(c) Conditions.
(d) Appropriations.
635i-9. Market windows.
(a) Enhanced transparency.
(b) Authorization.
(c) Definition.
SUBCHAPTER II - EXPORT FINANCING
635j. Export financing program to foster foreign trade and
commercial interest of the United States.
(a) Congressional statement of policy.
(b) Designation of transactions on books of the
Bank; limitation on commitments.
635k. Apportionment of losses incurred on loans, guarantees,
and insurance; reimbursement; contingent obligations.
635l. Authorization for appropriation of funds for losses.
635m. Loans, guarantees, and insurance subject to the
provisions of this chapter.
635n. Prohibition of loans, guarantees, and insurance as to
sales of defense articles or services.
SUBCHAPTER III - TIED AID CREDIT EXPORT SUBSIDIES
635o. Congressional statement of purpose.
635p. Presidential mandate to negotiate; objectives.
635q. Establishment of tied aid credit program in United
States Export-Import Bank.
(a) Establishment and elements of program;
cooperation with Trade and Development Agency
and private institutions and entities.
(b) Purpose of program.
(c) Fund.
(d) Availability of concessional financing or
grants.
635r. Establishment of tied aid credit program administered
by Trade and Development Agency.
(a) Establishment and elements of program.
(b) Combination of funds with financing by
Export-Import Bank or private commercial
financing.
(c) Limitation on use of Agency funds;
authorization for establishment of fund.
(d) Use of Economic Support Funds.
635s. Implementation.
635t. Definitions.
-SECREF-
CHAPTER REFERRED TO IN OTHER SECTIONS
This chapter is referred to in title 22 sections 2185, 2371,
2394, 2398.
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