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Title 7, AgricultureRelease 119-110

§1738q Notification to Congressional Committees

Title 7 › CHAPTER 41 — FOOD FOR PEACE › SUBCHAPTER VI — ENTERPRISE FOR THE AMERICAS INITIATIVE › § 1738q

Last updated Sep 22, 2026|Official source

Summary

The Secretary of State and the Secretary of the Treasury must, when possible, tell the named congressional committees at least 15 days before any official debt‑relief negotiations. The Secretary of State must also send the full agreement and a detailed explanation of why the United States supports the debt relief at least 30 days before the agreement takes effect. By February 1 each year, the Secretary of State or the Secretary of the Treasury must give those committees a single report showing the budget impact of all debt‑relief agreements that took effect in the previous fiscal year. The committees are: the House Committee on Agriculture; the House Committee on Foreign Affairs; and the Senate Committee on Agriculture, Nutrition, and Forestry.

Full Legal Text

Title 7, §1738q

Agriculture, Source: USLM XML via OLRC

(a)Notice of negotiations
The Secretary of State and the Secretary of the Treasury shall, in every feasible instance, notify the designated congressional committees not less than 15 days prior to any formal negotiation for debt relief under this subchapter.
(b)Transmittal of text of agreements
The Secretary of State shall transmit to the designated congressional committees a copy of the text of any agreement with any foreign government which would result in any debt relief under this subchapter no less than 30 days prior to its entry into force, together with a detailed justification of the interest of the United States in the proposed debt relief.
(c)Annual report
The Secretary of State or the Secretary of the Treasury, as appropriate, shall submit to the designated congressional committees not later than February 1 of each year a consolidated statement of the budgetary implications of all debt relief agreements entered into force under this subchapter during the preceding fiscal year.
(d)Designated congressional committees
As used in this section, the term “designated congressional committees” means the Committee on Agriculture and the Committee on Foreign Affairs of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate.

Reference

Citations & Metadata

Citation

7 U.S.C. § 1738q

Title 7, Agriculture

Last Updated

Sep 22, 2026

Release point: 119-110