Title 12 — Banks and BankingRelease 119-73not60
§635o Congressional Statement of Purpose
Title 12 › Chapter 6A— EXPORT-IMPORT BANK OF THE UNITED STATES › Subchapter III— TIED AID CREDIT EXPORT SUBSIDIES › § 635o
Summary
Promote U.S. job and economic growth by increasing exports to developing countries. Help those countries get credit to buy U.S. goods for development, fight unfair competitor financing, and push foreign governments to end tied-aid deals and limit export subsidies.
Full Legal Text
Title 12, §635o
Banks and Banking — Source: USLM XML via OLRC
The purpose of this subchapter is—
(1)to expand employment and economic growth in the United States by expanding United States exports to the markets of the developing world;
(2)to stimulate the economic development of countries in the developing world by improving their access to credit for the importation of United States products and services for developmental purposes;
(3)to neutralize the predatory financing engaged in by many nations whose exports compete with United States exports, and thereby restore export competition to a market basis; and
(4)to encourage foreign governments to enter into effective and comprehensive agreements with the United States to end the use of tied aid credits for exports, and to limit and govern the use of export credit subsidies generally.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original “this part”, meaning part C (§§ 641–647, 650) of title VI of Pub. L. 98–181, title I, Nov. 30, 1983, 97 Stat. 1263, known as the Trade and Development Enhancement Act of 1983, which enacted this subchapter and section 1671g of Title 19, Customs Duties, and amended section 1671a and 1671b of Title 19. For complete classification of this Act to the Code, see
Short Title
note below and Tables.
Statutory Notes and Related Subsidiaries
Short Title
Pub. L. 98–181, title I [title VI, § 641], Nov. 30, 1983, 97 Stat. 1263, provided that: “This part [part C (§§ 641–647, 650) of title VI, enacting this subchapter and section 1671g of Title 19, Customs Duties, and amending section 1671a and 1671b of Title 19] may be referred to as the ‘Trade and Development Enhancement Act of 1983’.”
Reference
Citations & Metadata
Citation
12 U.S.C. § 635o
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60