Title 19 — Customs DutiesRelease 119-73not60

§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 Apr 5, 2026|Official source

Summary

The Board of Directors of the Export‑Import Bank must keep taking wide-ranging steps, while following the credit rules required by law, to increase the Bank’s loans, guarantees, and insurance in sub‑Saharan Africa. The law praises the sub‑Saharan Africa Advisory Committee (SAAC) for helping the Bank double the number of countries where it offers traditional financing and for increasing the Bank’s support for sales to the region tenfold from fiscal year 1998 to fiscal year 1999. The Board and its staff must keep carefully reviewing SAAC’s recommendations for new policies and programs to expand the Bank’s work in sub‑Saharan Africa.

Full Legal Text

Title 19, §3734

Customs Duties — Source: USLM XML via OLRC

(a)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)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

Apr 5, 2026

Release point: 119-73not60