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22 U.S.C. § 8531 — Reports on certain activities of foreign export credit agencies and of the Export-Import Bank of the United States
Federal law — U.S. Code and appendices · legal_authorities
**(a) Report on certain activities of export credit agencies of foreign countries**
(1) **In general** — Not later than 90 days after July 1, 2010, the President shall submit to the appropriate congressional committees a report on any activity of an export credit agency of a foreign country that is an activity comparable to an activity described in subsection (a) or (b) of section 5 of the Iran Sanctions Act of 1996, as amended by section 102 of this Act.
(2) **Updates** — The President shall update the report required by paragraph (1) as new information becomes available with respect to the activities of export credit agencies of foreign countries.
**(b) Report on certain financing by the Export-Import Bank of the United States** Not later than 30 days (or, in extraordinary circumstances, not later than 15 days) before the Export-Import Bank of the United States approves cofinancing (including loans, guarantees, other credits, insurance, and reinsurance) in which an export credit agency of a foreign country identified in the report required by subsection (a) will participate, the President shall submit to the appropriate congressional committees a report identifying—
(1) the export credit agency of the foreign country; and
(2) the beneficiaries of the financing.
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Source file: Laws/federal/codes/united-states-code/title-22/section-8531-reports-on-certain-activities-of-foreign-export-credit-agencies-and-of-t--e51e06166d.md
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Source location: Title 22, Chapter 92, § 8531; chapter-092-comprehensive-iran-sanctions-accountability-and-divestment.md
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**(a) Report on certain activities of export credit agencies of foreign countries**
(1) **In general** — Not later than 90 days after July 1, 2010, the President shall submit to the appropriate congressional committees a report on any activity of an export credit agency of a foreign country that is an activity comparable to an activity described in subsection (a) or (b) of section 5 of the Iran Sanctions Act of 1996, as amended by section 102 of this Act.
(2) **Updates** — The President shall update the report required by paragraph (1) as new information becomes available with respect to the activities of export credit agencies of foreign countries.
**(b) Report on certain financing by the Export-Import Bank of the United States** Not later than 30 days (or, in extraordinary circumstances, not later than 15 days) before the Export-Import Bank of the United States approves cofinancing (including loans, guarantees, other credits, insurance, and reinsurance) in which an export credit agency of a foreign country identified in the report required by subsection (a) will participate, the President shall submit to the appropriate congressional committees a report identifying—
(1) the export credit agency of the foreign country; and
(2) the beneficiaries of the financing.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Any authority granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.
**(b)** The authorities granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.
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Federal law — U.S. Code and appendices · legal_authorities
In this subchapter:
(1) **Appropriate congressional committees** — The term “appropriate congressional committees” means—
(A) the Committee on Foreign Affairs, the Committee on the Judiciary, and the Committee on Financial Services of the House of Representatives; and
(B) the Committee on Foreign Relations, the Committee on the Judiciary, and the Committee on Banking, Housing, and Urban Affairs of the Senate.
(2) **Covered family member** — The term “covered family member”, with respect to a foreign person who is an individual, means a spouse, adult child, parent, or sibling of the person who engages in the sanctionable activity described under [section 8572 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8572&num=0&edition=prelim) or who demonstrably benefits from such activity.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 8501
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Federal law — U.S. Code and appendices · legal_authorities
Page 2090
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 8531
Export-Import Bank of the United States ap-
proves cofinancing (including loans, guarantees,
other credits, insurance, and reinsurance) in
which an export credit agency of a foreign coun-
try identified in the report required by sub-
section (a) will participate, the President shall
submit to the appropriate congressional com-
mittees a report identifying—
(1) the export credit agency of the foreign
country; and
(2) the beneficiaries of the financing.
(Pub. L. 111–195, title I, § 111, July 1, 2010, 124
Stat. 1339.)
TERMINATION OF SECTION
For termination of section, see section 8551(a)
of this title.
Editorial Notes
REFERENCES IN TEXT
Section 5 of the Iran Sanctions Act of 1996, as amend-
ed by section 102 of this Act, referred to in subsec.
(a)(1), is section 5 of Pub. L. 104–172, as amended by sec-
tion 102 of Pub. L. 111–195, which is set out as a note
under section 1701 of Title 50, War and National De-
fense.
Executive Documents
DELEGATION OF FUNCTIONS
For delegation of functions of President under this
section, see Memorandum of President of the United
States, Sept. 23, 2010, 75 F.R. 67025, set out as a note
under section 8501 of this title.
SUBCHAPTER II—DIVESTMENT FROM CER-
TAIN COMPANIES THAT INVEST IN IRAN
§ 8531. Definitions
In this subchapter:
(1) Energy sector of Iran
The term ‘‘energy sector of Iran’’ refers to
activities to develop petroleum or natural gas
resources or nuclear power in Iran.
(2) Financial institution
The term ‘‘financial institution’’ has the
meaning given that term in section 14 of the
Iran Sanctions Act of 1996 (Public Law 104–172;
50 U.S.C. 1701 note).
(3) Iran
The term ‘‘Iran’’ includes the Government of
Iran and any agency or instrumentality o
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 8531
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