§ 2423. Exchanges of certain materials
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/usc/title-22/section-2423A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Agreement for necessary or strategic raw material; definition Notwithstanding any other provision of law, whenever the President determines it is in the United States national interest, he shall furnish assistance under this chapter or shall furnish defense articles or services under the Foreign Military Sales Act [22 U.S.C. 2751 et. seq.], pursuant to an agreement with the recipient of such assistance, articles, or services which provides that such recipient may only obtain such assistance, articles, or services in exchange for any necessary or strategic raw material controlled by such recipient. For the purposes of this section, the term “necessary or strategic raw material” includes petroleum, other fossil fuels, metals, minerals, or any other natural substance which the President determines is in short supply in the United States.
(b)Allocation of raw materials to Federal agencies The President shall allocate any necessary or strategic raw material transferred to the United States under this section to any appropriate agency of the United States Government for stockpiling, sale, transfer, disposal, or any other purpose authorized by law.
(c)Deposits in United States Treasury of funds from disposal of materials Funds received from any disposal of materials under subsection
(b)shall be deposited as miscellaneous receipts in the United States Treasury.
(Pub. L. 87–195, pt. III, § 663, as added Pub. L. 93–559, § 32, Dec. 30, 1974, 88 Stat. 1805.)
Connections5 cite this · traces to 3
Cited by 5 sections
statutes-at-large
- Public Law 93–559To amend the Foreign Assistance Act of 1961, and for other purposes
- Public Law 96–41To revise the Strategic and Critical Materials Stock Piling Act, to require that appropriations for acquisition of strategic and critical materials be authorized by law, to establish a National Defense Stockpile Transaction Fund, and for other purposes
8 references not yet in our index
- Pub. L. 87–195
- Pub. L. 93–559, § 32
- 88 Stat. 1805
- 75 Stat. 424
- Pub. L. 90–629
- 82 Stat. 1320
- section 201(b) of Pub. L. 94–329
- 90 Stat. 734
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cites case law
§ 2423
Exchanges of certain materials
Stat. Comp.×2
Stat.×2
U.S.C.×1
Pub. L.Pub. L. 87–195
Pub. L.Pub. L. 93–559, § 32
Stat.88 Stat. 1805
Stat.75 Stat. 424
Pub. L.Pub. L. 90–629
Cites 11 · showing 8Cited by 5 across 3 sources