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U.S. Code as of:
01/19/04
Section 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.
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