§ 2764. Guaranties
2,540 words·~12 min read·
/usc/title-22/section-2764A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Guaranty against political and credit risks of nonpayment The President may guarantee any individual, corporation, partnership, or other juridical entity doing business in the United States (excluding United States Government agencies other than the Federal Financing Bank) against political and credit risks of nonpayment arising out of their financing of credit sales of defense articles, defense services, and design and construction services to friendly countries and international organizations. Fees shall be charged for such guaranties.
(b)Sale of promissory notes of friendly countries and international organizations; guaranty of payment The President may sell to any individual, corporation, partnership, or other juridical entity (excluding United States Government agencies other than the Federal Financing Bank) promissory notes issued by friendly countries and international organizations as evidence of their obligations to make repayments to the United States on account of credit sales financed under section 2763 of this title, and may guarantee payment thereof.
(c)Guaranty Reserve Fund; payment of guaranties; guaranty reserve below prescribed amount Funds obligated under this section before December 16, 1980, which constitute a single reserve for the payment of claims under guaranties issued under this section shall remain available for expenditure for the purposes of this section on and after that date. That single reserve may, on and after August 8, 1985, be referred to as the “Guaranty Reserve Fund”. Funds provided for necessary expenses to carry out the provisions of section 2763 of this title and of section 2311 of this title may be used to pay claims on the Guaranty Reserve Fund to the extent that funds in the Guaranty Reserve Fund are inadequate for that purpose. For purposes of any provision in this chapter or any other Act relating to a prohibition or limitation on the availability of funds under this chapter, whenever a guaranty is issued under this section, the principal amount of the loan so guaranteed shall be deemed to be funds made available for use under this chapter. Any guaranties issued hereunder shall be backed by the full faith and credit of the United States.
(Pub. L. 90–629, ch. 2, § 24, Oct. 22, 1968, 82 Stat. 1324; Pub. L. 93–189, § 25(4), Dec. 17, 1973, 87 Stat. 730; Pub. L. 93–559, § 45(a)(3), (4), Dec. 30, 1974, 88 Stat. 1814; Pub. L. 96–533, title I, §§ 104(a), 105(b)(3), Dec. 16, 1980, 94 Stat. 3132, 3134; Pub. L. 99–83, title I, § 106(b), (c), Aug. 8, 1985, 99 Stat. 196; Pub. L. 100–71, title I, July 11, 1987, 101 Stat. 409.)
Connections84 cite this · traces to 5
Cited by 84 sections · top 43
public-private-law
U.S. Code
- § 2751Need for international defense cooperation and military export controls; Presidential waiver; report to Congress; arms sales policy
- § 2776Reports and certifications to Congress on military exports
- § 2763Credit sales
- § 2370Prohibitions against furnishing assistance
- § 2765Annual estimate and justification for sales program
- § 2771Military sales authorizations and ceilings
- § 3351Modernizing Taiwan’s security capabilities to deter and, if necessary, defeat aggression by the People’s Republic of China
- § 2791General provisions
- § 2777Fiscal provisions relating to foreign military sales credits
- § 2773Restraint in arms sales to Sub-Saharan Africa
- § 2345Repealed. Pub. L. 90–629, ch. 4, § 45(a), Oct. 22, 1968, 82 Stat. 1327
- § 3402Supplemental authorization of foreign military sales loan guaranties for Egypt and Israel
statutes-at-large
- Public Law 98–472
- Public Law 98–151
- Public Law 93–559To amend the Foreign Assistance Act of 1961, and for other purposes
- Public Law 93–189
- Public Law 96–92To amend the Foreign Assistance Act of 1961 and the Arms Export Control Act to authorize international security assistance programs for fiscal year 1980, and for other purposes
- Public Law 98–43To authorize supplemental assistance to aid Lebanon in rebuilding its economy and armed forces, and for other purposes
- Public Law 94–537To authorize the obligation and expenditure of funds to Implement for fiscal year 1877 the provisions of the Treaty of Friendship and Cooperation between the United States and Spain, signed at Madrid on January 24, 1970, and for other purposes
- Public Law 96–35To authorize supplemental international security assistance for the fiscal year 1979 in support of the peace treaty between Egypt and Israel, and for other purposes
- Public Law 117–263To authorize appropriations for fiscal year 2023 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes
- Public Law 101–167Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 1990, and for other purposes
- Public Law 99–83To authorize international development and security assistance programs and Peace Corps programs for fiscal years 1986 and 1987, and for other purposes
- Public Law 96–533To authorize appropriations for the fiscal year 1981 for international security and development assistance, the Peace Corps, and refugee assistance, and for other purposes
- Public Law 100–201To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas
- Public Law 97–113To authorize appropriations for the fiscal years 1982 and 1983 for international security and development assistance and for the Peace Corps, to establish the Peace Corps as an autonomous agency, and for other purposes
- Public Law 100–71Making supplemental appropriations for the fiscal year ending September 30, 1987, and for other purposes
- Public Law 100–460Making appropriations for Rural Development, Agriculture, and Related Agencies programs for the fiscal year ending September 30, 1989, and for other purposes
- Public Law 94–329To amend the Foreign Assistance Act of 1961 and the Foreign Military Sales Act, and for other purposes
- Public Law 101–513Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 1991, and for other purposes
register
statute-compilations
bill
- Sec. 5502Modernizing Taiwan’s security capabilities to deter and, if necessary, defeat aggression by the People’s Republic of China
- Sec. 202Security assistance to modernize Taiwan’s security capabilities to deter and defeat aggression by the People's Republic of China
- Sec. 5502Modernizing Taiwan’s security capabilities to deter and, if necessary, defeat aggression by the People’s Republic of China
- Sec. 204Taiwan Security Assistance Initiative
- Sec. 204Taiwan Security Assistance Initiative
- Sec. 1270Modernizing the defense capabilities of the Philippines
- Sec. 1270Modernizing the defense capabilities of the Philippines
- Sec. 6231Modernizing the defense capabilities of the Philippines
- Sec. 2Authorization for direct loans and loan guarantees
Traces to 5 documents
37 references not yet in our index
- Pub. L. 90–629
- 82 Stat. 1324
- Pub. L. 93–189, § 25(4)
- 87 Stat. 730
- Pub. L. 93–559, § 45(a)(3)
- 88 Stat. 1814
- Pub. L. 96–533, title I
- 94 Stat. 3132
- Pub. L. 99–83, title I, § 106(b)
- 99 Stat. 196
- Pub. L. 100–71, title I
- 101 Stat. 409
- 82 Stat. 1321
- Pub. L. 100–71
- Pub. L. 99–83
- Pub. L. 96–533, § 105(b)(3)
- Pub. L. 96–533, § 104(a)
- Pub. L. 93–559, § 45(a)(4)
- Pub. L. 93–189
- section 1301 of Pub. L. 99–83
- Pub. L. 93–559, § 45(b)
- 88 Stat. 1815
- section 41 of Pub. L. 90–629
- Pub. L. 102–145, § 118
- Pub. L. 102–266, § 102
- 106 Stat. 93
- Pub. L. 102–145
- Pub. L. 101–513
- Pub. L. 100–202, § 101(e) [title III, § 301]
- Pub. L. 101–513, title III
- 104 Stat. 1999
- Pub. L. 100–202, § 101(e) [title III]
- Pub. L. 101–167, title III
- 103 Stat. 1214
- Pub. L. 100–461, title III
- 102 Stat. 2268–18
- 101 Stat. 1329–131
Citation graph
cites case law
§ 2764
Guaranties
Stat.×32
U.S.C.×28
Bills×17
Fed. Reg.×2
Pub. L.×2
Stat. Comp.×2
C.F.R.×1
Pub. L.Pub. L. 90–629
Stat.82 Stat. 1324
Pub. L.Pub. L. 93–189, § 25(4)
Stat.87 Stat. 730
Pub. L.Pub. L. 93–559, § 45(a)(3)
Cites 42 · showing 10Cited by 84 across 7 sources