§5462 — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

The President must set up a SEED Information Center System using existing Executive branch agencies and working with the governments of Poland and Hungary. It will be a central hub for information about business needs, opportunities, and voluntary aid in Eastern Europe, and will encourage solid proposals to the Polish‑American and Hungarian‑American Enterprise Funds and other financiers. The centers will be based in Washington, DC; Warsaw; and Budapest, and can expand to other Eastern European capitals.

Title 22, §5462

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The President shall establish a SEED Information Center System, using existing Executive branch agencies and acting in cooperation with the Government of Poland and the Government of Hungary.

(b)(1)The SEED Information Center System shall serve as a central clearinghouse mechanism for information relating to—

(A)business needs and opportunities in Eastern Europe, and

(B)voluntary assistance to countries in Eastern Europe.

(2)The SEED Information Center System shall be organized, among other purposes, to encourage—

(A)the submission of economically sound proposals to the Polish-American Enterprise Fund and Hungarian-American Enterprise Fund, and

(B)other sources of finance for the development of private enterprise in Eastern Europe.

(c)The SEED Information Center System shall be based jointly in Washington, District of Columbia; Warsaw, Poland; and Budapest, Hungary; and should it become appropriate, the capitals of other East European countries.

Executive Documents

Delegation of Functions Functions of President under this section delegated to Secretary of Commerce by section 3 of Ex. Ord. No. 12703, Feb. 20, 1990, 55 F.R. 6351, set out as a note under section 5401 of this title.

§5462 Seed Information Center System

Summary

Title 22, §5462

Notes & Related Subsidiaries

Executive Documents

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