Title 12, Banks and BankingRelease 119-73not60
§635a–4 Guarantees for Export Accounts Receivable and Inventory
Title 12 › Chapter 6A— EXPORT-IMPORT BANK OF THE UNITED STATES › Subchapter I— GENERAL PROVISIONS › § 635a–4
Summary
Export-Import Bank must guarantee loans from banks or other lenders to exporters (including export trading companies) when the loans are secured by export-related collateral, but only if the Board finds (1) private financing is inadequate and (2) the guarantees would expand exports that would otherwise not occur.
Full Legal Text
Title 12, §635a–4
Banks and Banking, Source: USLM XML via OLRC
The Export-Import Bank of the United States is authorized and directed to establish a program to provide guarantees for loans extended by financial institutions or other public or private creditors to export trading companies as defined in section 1843(c)(14)(F)(i) of this title, or to other exporters, when such loans are secured by export accounts receivable, inventories of exportable goods, accounts receivable from leases, performance contracts, grant commitments, participation fees, member dues, revenue from publications, or such other collateral as the Board of Directors may deem appropriate, and when in the judgment of the Board of Directors—
(1)the private credit market is not providing adequate financing to enable otherwise creditworthy export trading companies or exporters to consummate export transactions; and
(2)such guarantees would facilitate expansion of exports which would not otherwise occur.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the Bank Export Services Act, and not as part of the Export-Import Bank Act of 1945 which comprises this subchapter.
Amendments
1983—Pub. L. 98–181 substituted “export accounts receivable, inventories of exportable goods, accounts receivable from leases, performance contracts, grant commitments, participation fees, member dues, revenue from publications, or such other collateral as the Board of Directors may deem appropriate,” for “export accounts receivable or inventories of exportable goods”.
Reference
Citations & Metadata
Citation
12 U.S.C. § 635a–4
Title 12, Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60