Title 12 — Banks and BankingRelease 119-73
§635s Implementation
Title 12 › Chapter CHAPTER 6A— - EXPORT-IMPORT BANK OF THE UNITED STATES › Subchapter SUBCHAPTER III— - TIED AID CREDIT EXPORT SUBSIDIES › § 635s
Summary
National Advisory Council on International Monetary and Financial Policies must coordinate the tied‑aid credit programs in sections 635q and 635r. No financing under those programs may be approved unless every council member agrees. The Trade and Development Agency must attend related meetings and its representative may vote.
Full Legal Text
Title 12, §635s
Banks and Banking — Source: USLM XML via OLRC
(a)(1)The National Advisory Council on International Monetary and Financial Policies shall coordinate the implementation of the tied aid credit programs authorized by section 635q and 635r of this title.
(2)No financing may be approved under the tied aid credit programs authorized by section 635q or 635r of this title without the unanimous consent of the members of the National Advisory Council on International Monetary and Financial Policies.
(b)The Trade and Development Agency shall be represented at any meetings of the National Advisory Council on International Monetary and Financial Policies for discussion of tied aid credit matters, and the representative of the Trade and Development Agency at any such meeting shall have the right to vote on any decisions of the Advisory Council relating to tied aid credit matters.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1992—Subsec. (b). Pub. L. 102–549 substituted “Development Agency” for “Development Program” in two places. 1988—Subsec. (b). Pub. L. 100–418 added subsec. (b).
Reference
Citations & Metadata
Citation
12 U.S.C. § 635s
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73