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U.S. Code as of:
01/19/04
Section 635j. Export financing program to foster foreign trade and commercial interest of the United States
(a) Congressional statement of policy
It is the policy of the Congress that the Export-Import Bank of
the United States should facilitate through loans, guarantees, and
insurance (including coinsurance and reinsurance) those export
transactions which, in the judgment of the Board of Directors of
the Bank, offer sufficient likelihood of repayment to justify the
Bank's support in order to actively foster the foreign trade and
long-term commercial interest of the United States.
(b) Designation of transactions on books of the Bank; limitation on
commitments
The bank shall specially designate loans, guarantees, and
insurance on the books of the Bank made under authority of this
subchapter. In connection with guarantees and insurance, not less
than 25 per centum of the related contractual liability of the Bank
shall be taken into account for the purpose of applying the
limitation imposed by section 635e of this title; but the full
amount of the related contractual liability of such guarantees and
insurance shall be taken into account for the purpose of applying
the limitation in section 635(c)(1) of this title, concerning the
amount of guarantees and insurance the Bank may have outstanding at
any one time thereunder. The aggregate amount of loans plus 25 per
centum of the contractual liability of guarantees and insurance
outstanding at any one time under this subchapter shall not exceed
$500,000,000.
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