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U.S. Code, Title 12, Banks and Banking
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 635o. Congressional statement of purpose
The purpose of this subchapter is—
(1) to expand employment and economic growth in the United States by expanding United States exports to the markets of the developing world;
(2) to stimulate the economic development of countries in the developing world by improving their access to credit for the importation of United States products and services for developmental purposes;
(3) to neutralize the predatory financing engaged in by many nations whose exports compete with United States exports, and thereby restore export competition to a market basis; and
(4) to encourage foreign governments to enter into effective and comprehensive agreements with the United States to end the use of tied aid credits for exports, and to limit and govern the use of export credit subsidies generally.
(Pub. L. 98–181, title VI, § 642, Nov. 30, 1983, 97 Stat. 1263.)
References in Text
This subchapter, referred to in text, was in the original "this part", meaning part C (§§ 641–647) of title VI of Pub. L. 98–181, Nov. 30, 1983, 97 Stat. 1263, known as the Trade and Development Enhancement Act of 1983, which enacted this subchapter and section 1671g of Title 19, Customs Duties, and amended sections 1671a and 1671b of Title 19. For complete classification of this Act to the Code, see Short Title note below and Tables.
Section 641 of Pub. L. 98–181 provided that: "This part [part C (§§ 641–647) of title VI of Pub. L. 98–181, enacting this subchapter and section 1671g of Title 19, Customs Duties, and amended sections 1671a and 1671b of Title 19] may be referred to as the `Trade and Development Enhancement Act of 1983’."
Contents:
Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 635o. Congressional Statement of Purpose," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed December 26, 2024, http://originalsources.com/Document.aspx?DocID=96X9XVBKYTZB4YS.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 635o. Congressional Statement of Purpose." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 26 Dec. 2024. http://originalsources.com/Document.aspx?DocID=96X9XVBKYTZB4YS.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 635o. Congressional Statement of Purpose' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 26 December 2024, from http://originalsources.com/Document.aspx?DocID=96X9XVBKYTZB4YS.
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