Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§2430f Enterprise for the Americas Funds
Title 22 › Chapter 32— FOREIGN ASSISTANCE › Subchapter III–A— ENTERPRISE FOR THE AMERICAS INITIATIVE › § 2430f
Summary
Countries signing an Americas Framework Agreement must create an Enterprise for the Americas Fund to hold local‑currency payments. Deposits aren't counted as assistance, must be invested until used, and earnings stay in the fund; funds are spent only under the Agreement.
Full Legal Text
Title 22, §2430f
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)Each beneficiary country that enters into an Americas Framework Agreement shall be required to establish an Enterprise for the Americas Fund to receive payments in local currency pursuant to section 2430e(b)(1) of this title.
(b)Local currencies deposited in an Americas Fund shall not be considered assistance for purposes of any provision of law limiting assistance to a country.
(c)Deposits made in an Americas Fund shall be invested until disbursed. Any return on such investment may be retained by the Americas Fund, without deposit in the Treasury of the United States and without further appropriation by the Congress.
(d)Funds in an Americas Fund shall be disbursed only pursuant to an Americas Framework Agreement.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 707 of Pub. L. 87–195, pt. IV, Sept. 4, 1961, 75 Stat. 464, amended section 1783 of this title, prior to repeal by Pub. L. 87–565, pt. IV, § 401, Aug. 1, 1962, 76 Stat. 263, except insofar as section 707 affected section 1783.
Reference
Citations & Metadata
Citation
22 U.S.C. § 2430f
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60