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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 6A— EXPORT-IMPORT BANK OF THE UNITED STATES · SUBCHAPTER III— TIED AID CREDIT EXPORT SUBSIDIES · § 635o

§ 635o. Congressional statement of purpose

292 words·~1 min read·/usc/title-12/section-635o

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 I [title VI, § 642], Nov. 30, 1983, 97 Stat. 1263.)
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  • Pub. L. 98–181, title I
  • 97 Stat. 1263
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§ 635o
Congressional statement of purpose
Pub. L.Pub. L. 98–181, title I
Stat.97 Stat. 1263
Cites 3Cited by 0 across 0 sources
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