Title 7 — AgricultureRelease 119-73
§1738r “Qualified debt” defined
Title 7 › Chapter CHAPTER 41— - FOOD FOR PEACE › Subchapter SUBCHAPTER VI— - ENTERPRISE FOR THE AMERICAS INITIATIVE › § 1738r
Summary
Explains which foreign-country debts count as a "qualified debt" for certain rules. A qualified debt is money an eligible country owes for U.S. farm exports that the Commodity Credit Corporation guaranteed, but only if, by September 1, 1992, the CCC had gotten a legal interest in the debt through assignment or subrogation and the debt’s payment was rescheduled under a Paris Club Agreed Minute.
Full Legal Text
Title 7, §1738r
Agriculture — Source: USLM XML via OLRC
As used in section 1738o, 1738p, and 1738q of this title, the term “qualified debt” means any obligation, or portion of such obligation, of an eligible country to pay for purchases of United States agricultural commodities guaranteed by the Commodity Credit Corporation under export credit guarantee programs authorized pursuant to section 714c(f) of title 15 or section 1707a(b) 11 See References in Text note below. of this title—
(1)in which the Commodity Credit Corporation obtained a legal right or interest, as a result of assignment or subrogation, not later than September 1, 1992; and
(2)the payment of which obligation has been, not later than September 1, 1992, rescheduled in accordance with principles set forth in an Agreed Minute of the Paris Club.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 1707a of this title, referred to in text, was repealed by Pub. L. 101–624, title XV, § 1574, Nov. 28, 1990, 104 Stat. 3702. See section 5621 et seq. of this title.
Reference
Citations & Metadata
Citation
7 U.S.C. § 1738r
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73