Title 22 — Foreign Relations and IntercourseRelease 119-84

§6 UNITED STATES INVESTMENT AND TRADE.

Title 22 › Chapter CHAPTER 60— - ANTI-APARTHEID PROGRAM › § 6

Last updated Apr 22, 2026|Official source

Summary

The President should begin right away to negotiate a tax treaty with South Africa to make it easier for U.S. businesses to invest there. He should also start talks with South Africa to allow the Overseas Private Investment Corporation (now the United States International Development Finance Corporation) to run programs that boost U.S. investment. The Director of the Trade and Development Agency should provide extra funds for South Africa projects under section 661 of the Foreign Assistance Act of 1961 (22 U.S.C. 2421). The Export-Import Bank should increase its support for exports to South Africa. Each of those agencies must actively try to use their programs to help South African businesses that are mostly owned by people harmed by apartheid. Unless doing so would conflict with U.S. obligations under an international agreement, the Secretary of State and other U.S. agency heads working in South Africa should, as much as possible when buying goods or services, make efforts to help businesses more than 50 percent owned by South African blacks or other nonwhite South Africans.

Full Legal Text

Title 22, §6

Foreign Relations and Intercourse — Source: USLM XML via OLRC

“(a)The President should begin immediately to negotiate a tax treaty with South Africa to facilitate United States investment in that country.

“(b)The President should immediately initiate negotiations with the Government of South Africa for an agreement authorizing the Overseas Private Investment Corporation [now the United States International Development Finance Corporation] to carry out programs with respect to South Africa in order to expand United States investment in that country.

“(c)In carrying out section 661 of the Foreign Assistance Act of 1961 [22 U.S.C. 2421], the Director of the Trade and Development Agency should provide additional funds for activities related to projects in South Africa.

“(d)The Export-Import Bank of the United States should expand its activities in connection with exports to South Africa.

“(e)“(1)Each of the agencies referred to in subsections (b) through (d) should take active steps to encourage the use of its programs to promote business enterprises in South Africa that are majority-owned by South Africans disadvantaged by apartheid.

“(2)To the extent not inconsistent with the obligations of the United States under any international agreement, the Secretary of State and the head of any other department or agency of the United States carrying out activities in South Africa shall, to the maximum extent practicable, in procuring goods or services, make affirmative efforts to assist business enterprises having more than 50 percent beneficial ownership by South African blacks or other nonwhite South Africans, notwithstanding any law relating to the making or performance of, or the expenditure of funds for, United States Government contracts.

Reference

Citations & Metadata

Citation

22 U.S.C. § 6

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 22, 2026

Release point: 119-84