Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§5323 Purposes
Title 22 › Chapter 62— INTERNATIONAL FINANCIAL POLICY › Subchapter II— INTERNATIONAL DEBT › Part A— Findings, Purposes, and Statement of Policy › § 5323
Summary
Expand global trade and U.S. exports to developing countries to reduce the U.S. trade deficit and improve world living standards. Ease developing countries' debts and strengthen the global financial system to protect U.S. banks.
Full Legal Text
Title 22, §5323
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The purposes of this subchapter are—
(1)to expand the world trading system and raise the level of exports from the United States to the developing countries in order to reduce the United States trade deficit and foster economic expansion and an increase in the standard of living throughout the world;
(2)to alleviate the current international debt problem in order to make the debt situation of developing countries more manageable and permit the resumption of sustained growth in those countries; and
(3)to increase the stability of the world financial system and ensure the safety and soundness of United States depository institutions.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original “this subtitle”, meaning subtitle B (§§ 3101–3123) of title III of Pub. L. 100–418, Aug. 23, 1988, 102 Stat. 1375, which is classified principally to this subchapter. For complete classification of subtitle B to the Code, see Tables.
Reference
Citations & Metadata
Citation
22 U.S.C. § 5323
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60