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U.S. Code as of:
01/19/04
Section 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
The Bank shall implement such regulations and procedures as may
be appropriate to insure that full consideration is given to the
extent to which any loan or financial guarantee is likely to have
an adverse effect on industries, including agriculture, and
employment in the United States, either by reducing demand for
goods produced in the United States or by increasing imports to the
United States. To carry out the purposes of this subsection,(!1)
the Bank shall request, and the United States International Trade
Commission shall furnish, a report assessing the impact of the
Bank's activities on industries and employment in the United
States. Such report shall include an assessment of previous loans
or financial guarantees and shall provide recommendations
concerning general areas which may adversely affect domestic
industries, including agriculture, and employment. After October 1,
1983, there are authorized to be appropriated such sums as may be
necessary to carry out the provisions of this section. In all cases
to which this section applies, the Bank shall consider and address
in writing the views of parties or persons who may be substantially
adversely affected by the loan or guarantee prior to taking final
action on the loan or guarantee. This requirement does not subject
the Bank to the provisions of subchapter II of chapter 5 of title
5.
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