Title 12, Banks and BankingRelease 119-102
§635s Implementation
Title 12 › CHAPTER 6A — EXPORT-IMPORT BANK OF THE UNITED STATES › SUBCHAPTER III — TIED AID CREDIT EXPORT SUBSIDIES › § 635s
Summary
The National Advisory Council on International Monetary and Financial Policies must run the tied aid credit programs under sections 635q and 635r. Any financing from those programs can only happen if every member of the Council agrees. The Trade and Development Agency must send a representative to Council meetings about tied aid credits, and that representative can vote on those tied-aid decisions.
Full Legal Text
Title 12, §635s
Banks and Banking, Source: USLM XML via OLRC
(a)(1)The National Advisory Council on International Monetary and Financial Policies shall coordinate the implementation of the tied aid credit programs authorized by section 635q and 635r of this title.
(2)No financing may be approved under the tied aid credit programs authorized by section 635q or 635r of this title without the unanimous consent of the members of the National Advisory Council on International Monetary and Financial Policies.
(b)The Trade and Development Agency shall be represented at any meetings of the National Advisory Council on International Monetary and Financial Policies for discussion of tied aid credit matters, and the representative of the Trade and Development Agency at any such meeting shall have the right to vote on any decisions of the Advisory Council relating to tied aid credit matters.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1992—Subsec. (b). Pub. L. 102–549 substituted “Development Agency” for “Development Program” in two places. 1988—Subsec. (b). Pub. L. 100–418 added subsec. (b).
Reference
Citations & Metadata
Citation
12 U.S.C. § 635s
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102