12 USC Ch. 6A: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 6A-EXPORT-IMPORT BANK OF THE UNITED STATES
CHAPTER 6A-EXPORT-IMPORT BANK OF THE UNITED STATES
SUBCHAPTER I-GENERAL PROVISIONS
Sec.
635.
Powers and functions of Bank.
(a)
General banking business; use of mails; publication of documents, reports, contracts, etc.; use of assets and allocated or borrowed money; payment of dividends; medium-term financing; dissemination of information; enhancement of medium-term program.
(b)
Guarantees, insurance, and extension of credit functions; competitive with Government-supported rates and terms and conditions of foreign exporting countries; survey and report; interest rates; private capital encouragement; national interest determinations; delivery of United States services in international commerce; small business concern encouragement; coverage of losses by Foreign Credit Insurance Association; loans to Union of Soviet Socialist Republics for fossil fuel research, etc.; nuclear safeguards violations resulting in limitations on exports and credit; defense article credit sales to less developed countries; amount outstanding; supplementation of Commodity Credit Corporation programs; limitations on authority of Bank; prohibition relating to Angola.
(c)
Guarantees, insurance, coinsurance, and reinsurance functions; fractional charge; aggregate outstanding amount; fees and premiums; issuance, service and adjustments by agents; transferability of guarantees.
(d)
Equal and nondiscriminatory opportunities for domestic companies to bid for insurance.
(e)
Limitation on assistance which adversely affects the United States.
635a.
Management of Bank.
(a)
Establishment as independent agency.
(b)
President and First Vice President of the Bank; appointment; duties.
(c)
Board of Directors; composition; oath; terms; duties; quorum; bylaws.
(d)
Advisory Committee; appointment; composition; meetings; advice to Banks; report to Congress.
(e)
Conflicting personal interests.
635a–1.
Export credit competition.
635a–2.
Implementation of regulations and procedures to lessen adverse effect of loans and guarantees on industries in United States; report by United States International Trade Commission; written consideration of views of adversely affected parties.
635a–3.
Export-Import Bank financing to match foreign financing.
(a)
Noncompetitive financing; inquiry by Secretary; notification of foreign country and prospective parties to transaction.
(b)
Issuance of authorization to Bank to provide guarantees, insurance, and credits to competing United States sellers.
(c)
Provision of financing by Bank pursuant to authorization.
635a–4.
Guarantees for export accounts receivable and inventory.
635b.
Capitalization of Bank; method of capital stock payments; public-debt transactions; issuance of stock certificates.
635c.
Repealed.
635d.
Issuance of debentures, bonds, etc.; obligations redeemable; payment of interest; obligations purchasable by Secretary of the Treasury; public-debt transactions.
635e.
Aggregate loan, guarantee, and insurance authority.
(a)
Limitation on outstanding amounts.
(b)
Presidential determination.
635f.
Termination date of Bank's functions; exceptions; liquidation.
635g.
Report to Congress; time for submission; contents.
(a)
Annual submission of report.
(b)
Actions taken by Bank to aid small business.
(c)
Report on allocation of sums set aside for small business exports.
(d)
Actions taken by Bank to aid industries, preserve and create highly skilled jobs, and enhance opportunity for business growth and expansion; comments of Advisory Committee.
635h.
Exemption from prohibition of section 955 of title 18.
635i to 635i–2. Repealed.
635i–3.
Tied Aid Credit Fund and program.
(a)
Findings.
(b)
Establishment of tied aid credit program.
(c)
Tied Aid Credit Fund.
(d)
Consistency with Arrangement.
(e)
Authorization.
(f)
Nonreviewability.
(g)
Report to Congress.
(h)
Definitions.
635i–4.
Repealed.
635i–5.
Environmental policy and procedures.
(a)
Environmental effects consideration.
(b)
Use of Bank programs to encourage certain exports.
(c)
Inclusion in report to Congress.
(d)
Interpretation.
635i–6.
Debt reduction; Enterprise for the Americas Initiative.
(a)
Definitions.
(b)
Eligibility for benefits under the Facility.
(c)
Loans eligible for sale, reduction, or cancellation.
(d)
Deposit of proceeds.
(e)
Eligible purchasers.
(f)
Debtor consultation.
(g)
Authorization of appropriations.
635i–7.
Cooperation on export financing programs.
635i–8.
Special debt relief for poorest, most heavily indebted countries.
(a)
Debt reduction authority.
(b)
Limitations.
(c)
Conditions.
(d)
Appropriations.
SUBCHAPTER II-EXPORT FINANCING
635j.
Export financing program to foster foreign trade and commercial interest of the United States.
(a)
Congressional statement of policy.
(b)
Designation of transactions on books of the Bank; limitation on commitments.
635k.
Apportionment of losses incurred on loans, guarantees, and insurance; reimbursement; contingent obligations.
635l.
Authorization for appropriation of funds for losses.
635m.
Loans, guarantees, and insurance subject to the provisions of this chapter.
635n.
Prohibition of loans, guarantees, and insurance as to sales of defense articles or services.
SUBCHAPTER III-TIED AID CREDIT EXPORT SUBSIDIES
635o.
Congressional statement of purpose.
635p.
Presidential mandate to negotiate; objectives.
635q.
Establishment of tied aid credit program in United States Export-Import Bank.
(a)
Establishment and elements of program; cooperation with Trade and Development Agency and private institutions and entities.
(b)
Purpose of program.
(c)
Fund.
(d)
Availability of concessional financing or grants.
635r.
Establishment of tied aid credit program administered by Trade and Development Agency.
(a)
Establishment and elements of program.
(b)
Combination of funds with financing by Export-Import Bank or private commercial financing.
(c)
Limitation on use of Agency funds; authorization for establishment of fund.
(d)
Use of Economic Support Funds.
635s.
Implementation.
635t.
Definitions.
Chapter Referred to in Other Sections
This chapter is referred to in title 22 sections 2185, 2371, 2394, 2398.