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Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§2656h International Credit Reports

Title 22 › Chapter 38— DEPARTMENT OF STATE › § 2656h

Last updated Apr 5, 2026|Official source

Summary

Within 90 days after October 28, 1991, the Assistant Secretary of State for Economic and Business Affairs, working with the Treasury Secretary, must send the Senate Foreign Relations chair and the House Speaker a report that gives clear rules to decide if a country can repay US bilateral loans. The report must cover how to judge country risk, project repayments, and estimate subsidies. Starting 180 days after that report and every year after, the Secretary of State, with the Treasury Secretary, must send the same leaders a report showing actual repayments by country and program for the past 5 years and the scheduled repayments for the next 5 years.

Full Legal Text

Title 22, §2656h

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)Not later than 90 days after October 28, 1991, the Assistant Secretary of State for Economic and Business Affairs, in consultation with the Secretary of the Treasury, shall submit to the Chairman of the Foreign Relations Committee of the Senate and the Speaker of the House of Representatives a report setting forth clear criteria for bilateral loans by which the United States can determine the likelihood of repayment by a country seeking to receive United States loans. The report should include the criteria used for—
(1)assessing country risk;
(2)projecting loan repayments; and
(3)estimating subsidy levels.
(b)Beginning 180 days after the submission of the report in subsection (a) and annually thereafter, the Secretary of State, in consultation with the Secretary of the Treasury, shall submit a report to the Chairman of the Foreign Relations Committee of the Senate and the Speaker of the House of Representatives showing actual repayments by country and by program to the United States Government for the previous 5 years and the scheduled repayments to the United States Government for the next 5 years.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Authority of Secretary of State Except as otherwise provided, Secretary of State to have and exercise any authority vested by law in any official or office of Department of State and references to such officials or offices deemed to refer to Secretary of State or Department of State, as appropriate, see section 2651a of this title and section 161(d) of Pub. L. 103–236, set out as a note under section 2651a of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 2656h

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60