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Title 19, Customs DutiesRelease 119-110

§3734 Export-import Bank Initiatives

Title 19 › CHAPTER 23 — EXTENSION OF CERTAIN TRADE BENEFITS TO SUB-SAHARAN AFRICA › SUBCHAPTER III — ECONOMIC DEVELOPMENT RELATED ISSUES › § 3734

Last updated Sep 22, 2026|Official source

Summary

Congress says the Bank’s Board must keep taking broad steps, while following required credit rules, to grow the Bank’s loans, guarantees, and insurance work in sub-Saharan Africa. The sub‑Saharan Africa Advisory Committee (SAAC) helps the Bank. SAAC is praised for doubling the number of countries eligible for traditional financing and for increasing support for sales to sub‑Saharan Africa tenfold from fiscal year 1998 to fiscal year 1999. The Board and staff must keep reviewing SAAC’s ideas for new policies and programs to expand the Bank’s work there.

Full Legal Text

Title 19, §3734

Customs Duties, Source: USLM XML via OLRC

(a)Sense of the Congress
It is the sense of the Congress that the Board of Directors of the Bank shall continue to take comprehensive measures, consistent with the credit standards otherwise required by law, to promote the expansion of the Bank’s financial commitments in sub-Saharan Africa under the loan, guarantee and insurance programs of the Bank.
(b)Sub-Saharan Africa Advisory Committee
The sub-Saharan Africa Advisory Committee (SAAC) is to be commended for aiding the Bank in advancing the economic partnership between the United States and the nations of sub-Saharan Africa by doubling the number of sub-Saharan African countries in which the Bank is open for traditional financing and by increasing by tenfold the Bank’s support for sales to sub-Saharan Africa from fiscal year 1998 to fiscal year 1999. The Board of Directors of the Bank and its staff shall continue to review carefully the sub-Saharan Africa Advisory Committee recommendations on the development and implementation of new and innovative policies and programs designed to promote the Bank’s expansion in sub-Saharan Africa.

Reference

Citations & Metadata

Citation

19 U.S.C. § 3734

Title 19, Customs Duties

Last Updated

Sep 22, 2026

Release point: 119-110