§2602 — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

The President can lend money, give grants, make agreements or contracts, and do other transactions with people, companies, governments, government agencies, and international groups, inside or outside the United States. The President can also accept and use money, property, or services given by gift, bequest, grant, or other means. If the President decides it helps achieve the chapter’s goals, he may carry out these powers without following some federal rules about making contracts and spending money, except he cannot ignore the Renegotiation Act of 1951.

Title 22, §2602

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)In carrying out the purpose of this chapter, the President is authorized—

(1)to make loans, advances, and grants to, make and perform agreements and contracts with, or enter into other transactions with, any individual, corporation, or other body of persons, government or government agency, whether within or without the United States, and international and intergovernmental organizations;

(2)to accept and use money, funds, property, and services of any kind made available by gift, devise, bequest, grant, or otherwise for such purposes.

(b)Whenever the President determines it to be in furtherance of the purposes of this chapter, the functions authorized under this chapter may be performed without regard to such provisions of law (other than the Renegotiation Act of 1951), as amended, regulating the making, performance, amendment, or modification of contracts and the expenditure of funds of the United States Government as the President may specify.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 87–510, June 28, 1962, 76 Stat. 121, known as the Migration and Refugee Assistance Act of 1962, which enacted this chapter, amended section 1104 of Title 8, Aliens and Nationality, repealed section 1925(a), (c), (d), and 1951(c) of this title, enacted a provision set out as a note under section 2601 of this title, and amended a provision set out as a note under section 1182 of Title 8. For complete classification of this Act to the Code, see

Short Title

note set out under section 2601 of this title and Tables. The Renegotiation Act of 1951, as amended, referred to in subsec. (b), is act Mar. 23, 1951, ch. 15, 65 Stat. 7, which was classified principally to section 1211 et seq. of the former Appendix to Title 50, War and National Defense, prior to its omission from the Code.

§2602 Presidential Authorization