Title 12, Banks and BankingRelease 119-102
§635a–1 Export Credit Competition
Title 12 › CHAPTER 6A — EXPORT-IMPORT BANK OF THE UNITED STATES › SUBCHAPTER I — GENERAL PROVISIONS › § 635a–1
Summary
The President must start high-level talks with other major exporting countries to stop predatory export financing and other export subsidies, including mixed credits, in third-country markets and in the United States, and must report progress to Congress by January 15, 1979. The Export‑Import Bank may provide guarantees, insurance, and credit on rates, terms, and other conditions that its Board considers competitive.
Full Legal Text
Title 12, §635a–1
Banks and Banking, Source: USLM XML via OLRC
(a)The President is authorized and requested to begin negotiations at the ministerial level with other major exporting countries to end predatory export financing programs and other forms of export subsidies, including mixed credits, in third country markets as well as within the United States. The President shall report to the Congress prior to January 15, 1979, on progress toward meeting the goals of this section.
(b)The Export-Import Bank of the United States is authorized to provide guarantees, insurance, and extensions of credit at rates and terms and other conditions which are, in the opinion of the Board of Directors of the Bank, competitive with those provided by the government-supported export credit instrumentalities of other nations.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the Export-Import Bank Act
Amendments
of 1978, and not as part of the Export-Import Bank Act of 1945 which comprises this subchapter.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective Nov. 10, 1978, see section 1917 of Pub. L. 95–630, set out as an
Effective Date
of 1978 Amendment note under section 635 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 635a–1
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102