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22 U.S.C. § 2431d — Reduction of debt owed to United States as result of concessional loans under this chapter
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to reduce debt**
(1) **Authority** — The President may reduce the amount owed to the United States (or any agency of the United States) that is outstanding as of January 1, 1998, as a result of concessional loans made to an eligible country by the United States under subchapter I of this chapter, part IV of subchapter II of this chapter, or predecessor foreign economic assistance legislation.
(2) **Authorization of appropriations** — For the cost (as defined in [section 661a(5) of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a/5&num=0&edition=prelim)) for the reduction of any debt pursuant to this section, there are authorized to be appropriated to the President—
(A) $25,000,000 for fiscal year 1999;
(B) $75,000,000 for fiscal year 2000; and
(C) $100,000,000 for fiscal year 2001.
(3) **Certain prohibitions inapplicable**
(A) *In general* — A reduction of debt pursuant to this section shall not be considered assistance for purposes of any provision of law limiting assistance to a country.
(B) *Additional requirement* — The authority of this section may be exercised notwithstanding [section 2370(r) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2370/r&num=0&edition=prelim) or section 321 of the International Development and Food Assistance Act of 1975.
**(b) Implementation of debt reduction**
(1) **In general** — Any debt reduction pursuant to subsection (a) shall be accomplished at the direction of the Facility by the exchange of a new obligation for obligations of the type referred to in subsection (a) outstanding as of the date specified in subsection (a)(1).
(2) **Exchange of obligations**
(A) *In general* — The Facility shall notify the agency
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Stable record: federal_law:legal_authorities:record_usc_57128ef804723f7ca76ba391
Source file: Laws/federal/codes/united-states-code/title-22/section-2431d-reduction-of-debt-owed-to-united-states-as-result-of-concessional-loans--47e82522f9.md
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Source location: Title 22, Chapter 32, § 2431d; chapter-032-foreign-assistance.md
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**(a) Authority to reduce debt**
(1) **Authority** — The President may reduce the amount owed to the United States (or any agency of the United States) that is outstanding as of January 1, 1998, as a result of concessional loans made to an eligible country by the United States under subchapter I of this chapter, part IV of subchapter II of this chapter, or predecessor foreign economic assistance legislation.
(2) **Authorization of appropriations** — For the cost (as defined in [section 661a(5) of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a/5&num=0&edition=prelim)) for the reduction of any debt pursuant to this section, there are authorized to be appropriated to the President—
(A) $25,000,000 for fiscal year 1999;
(B) $75,000,000 for fiscal year 2000; and
(C) $100,000,000 for fiscal year 2001.
(3) **Certain prohibitions inapplicable**
(A) *In general* — A reduction of debt pursuant to this section shall not be considered assistance for purposes of any provision of law limiting assistance to a country.
(B) *Additional requirement* — The authority of this section may be exercised notwithstanding [section 2370(r) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2370/r&num=0&edition=prelim) or section 321 of the International Development and Food Assistance Act of 1975.
**(b) Implementation of debt reduction**
(1) **In general** — Any debt reduction pursuant to subsection (a) shall be accomplished at the direction of the Facility by the exchange of a new obligation for obligations of the type referred to in subsection (a) outstanding as of the date specified in subsection (a)(1).
(2) **Exchange of obligations**
(A) *In general* — The Facility shall notify the agency primarily responsible for administering subchapter I of this chapter of an agreement entered into under paragraph (1) with an eligible country to exchange a new obligation for outstanding obligations.
(B) *Additional requirement* — At the direction of the Facility, the old obligations that are the subject of the agreement shall be canceled and a new debt obligation for the country shall be established relating to the agreement, and the agency primarily responsible for administering subchapter I of this chapter shall make an adjustment in its accounts to reflect the debt reduction.
**(c) Additional terms and conditions**
(1) The following additional terms and conditions shall apply to the reduction of debt under subsection (a)(1) in the same manner as such terms and conditions apply to the reduction of debt under [section 2430c(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430c/a/1&num=0&edition=prelim):
(A) The provisions relating to repayment of principal under [section 2430d of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430d&num=0&edition=prelim).
(B) The provisions relating to interest on new obligations under [section 2430e of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430e&num=0&edition=prelim).
(2) In addition to the application of the provisions relating to repayment of principal under [section 2430d of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430d&num=0&edition=prelim) to the reduction of debt under subsection (a)(1) (in accordance with paragraph (1)(A) of this subsection), repayment of principal on a new obligation established under subsection (b) may be made in the local currency of the beneficiary country and deposited in the Conservation Fund of the country in the same manner as the provisions relating to payment of interest on new obligations under [section 2430e of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430e&num=0&edition=prelim).
**(d) Authorization of appropriations for fiscal years after fiscal year 2001** For the cost (as defined in [section 661a(5) of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a/5&num=0&edition=prelim)) for the reduction of any debt pursuant to this section or [section 2431e of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2431e&num=0&edition=prelim), there are authorized to be appropriated to the President the following:
(1) $50,000,000 for fiscal year 2002.
(2) $75,000,000 for fiscal year 2003.
(3) $100,000,000 for fiscal year 2004.
(4) $20,000,000 for fiscal year 2005.
(5) $25,000,000 for fiscal year 2006.
(6) $30,000,000 for fiscal year 2007.
(7) $20,000,000 for fiscal year 2019.
(8) $20,000,000 for fiscal year 2020.
(9) $20,000,000 for fiscal year 2023.
(10) $20,000,000 for fiscal year 2024.
(11) $20,000,000 for fiscal year 2025.
(12) $20,000,000 for fiscal year 2026.
(13) $20,000,000 for fiscal year 2027.
**(e) Use of funds to conduct program audits, evaluations, monitoring, and administration** Of the amounts made available to carry out this subchapter for a fiscal year, $300,000 is authorized to be made available to carry out audits, evaluations, monitoring, and administration of programs under this subchapter, including personnel costs associated with such audits, evaluations, monitoring and administration.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Currency of payment** The principal amount of each new obligation issued pursuant to [section 2430c(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430c/b&num=0&edition=prelim) shall be repaid in United States dollars.
**(b) Deposit of payments** Principal repayments of new obligations shall be deposited in the United States Government account established for principal repayments of the obligations for which those obligations were exchanged.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2430d
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Congressional objectives and findings** The Congress declares that, in order to achieve the mutual goals among nations of ensuring food security, human health, agricultural growth, trade expansion, and the wise and sustainable use of natural resources, the United States should mobilize the capacities of the United States land-grant universities, other eligible universities, and public and private partners of universities in the United States and other countries, consistent with sections 2151a and 2151a–1 of this title, for: (1) global research on problems affecting food, agriculture, forestry, and fisheries; (2) improved human capacity and institutional resource development for the global application of agricultural and related environmental sciences; (3) agricultural development and trade research and extension services in the United States and other countries to support the entry of rural industries into world markets; and (4) providing for the application of agricultural sciences to solving food, health, nutrition, rural income, and environmental problems, especially such problems in low-income, food deficit countries. The Congress so declares because it finds—
(A) that the establishment, endowment, and continuing support of land-grant universities in the United States by Federal, State, and county governments has led to agricultural progress with and through the private sector in this country and to understanding processes of economic development;
(B) that land-grant and other universities in the United States have demonstrated over many years their ability to cooperate with international agencies, educational and research institutions in other countries, the private sector, and nongovernmental organizations worldwide, in expanding global agricultural produc
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2220a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Rate of interest** New obligations issued by a beneficiary country pursuant to [section 2430c(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430c/b&num=0&edition=prelim) shall bear interest at a concessional rate.
**(b) Currency of payment; deposits**
(1) **Local currency** — If the beneficiary country has entered into an Americas Framework Agreement, interest shall be paid in the local currency of the beneficiary country and deposited in an Americas Fund. Such interest shall be the property of the beneficiary country, until such time as it is disbursed pursuant to [section 2430f(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430f/d&num=0&edition=prelim). Such local currencies shall be used for the purposes specified in the Americas Framework Agreement.
(2) **United States dollars** — If the beneficiary country has not entered into an Americas Framework Agreement, interest shall be paid in United States dollars and deposited in the United States Government account established for interest payments of the obligations for which the new obligations were exchanged.
**(c) Interest already paid** If a beneficiary country enters into an Americas Framework Agreement subsequent to the date on which interest first became due on the newly issued obligation, any interest already paid on such new obligation shall not be redeposited into the Americas Fund established for that country.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2430e
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Delegation by President; rules and regulations; utilization of goods and services from private enterprise, and facilities and resources of Federal agencies when not competitive with private enterprise** The President may exercise any functions conferred upon him by this chapter through such agency or officer of the United States Government as he shall direct. The head of any such agency or such officer may from time to time promulgate such rules and regulations as may be necessary to carry out such functions, and may delegate authority to perform any such functions, including, if he shall so specify, the authority successively to redelegate any of such functions to any of his subordinates. In providing technical assistance under this chapter, the head of any such agency or such officer shall utilize, to the fullest extent practicable, goods and professional and other services from private enterprise on a contract basis. In such fields as education, health, housing, or agriculture, the facilities and resources of other Federal agencies shall be utilized when such facilities are particularly or uniquely suitable for technical assistance, are not competitive with private enterprise, and can be made available without interfering unduly with domestic programs.
**(b) Eligibility of suppliers; debarment period; causes for debarment; conditions for reinstatement; periodic review** The President shall issue and enforce regulations determining the eligibility of any person to receive funds made available under this chapter. A person may be suspended under such regulations for a temporary period pending the completion of an investigation and any resulting judicial or debarment proceedings, upon cause for belief that such person or an affiliate thereof probably has undertake
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2381
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to reduce debt**
(1) **Authority** — Notwithstanding any other provision of law, the President may reduce the amount owed to the United States (or any agency of the United States) that is outstanding as of January 14, 2019, as a result of any credits extended under title I of the Food for Peace Act ([7 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1701&num=0&edition=prelim) et seq.) to a country eligible for benefits from the Facility.
(2) **Authorization of appropriations**
(A) *In general* — For the cost (as defined in [section 661a(5) of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a/5&num=0&edition=prelim)) for the reduction of any debt pursuant to this section, there are authorized to be appropriated to the President—
(i) $25,000,000 for fiscal year 1999;
(ii) $50,000,000 for fiscal year 2000; and
(iii) $50,000,000 for fiscal year 2001.
(B) *Limitation* — The authority provided by this section shall be available only to the extent that appropriations for the cost (as defined in [section 661a(5) of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a/5&num=0&edition=prelim)) of the modification of any debt pursuant to this section are made in advance.
**(b) Implementation of debt reduction**
(1) **In general** — Any debt reduction pursuant to subsection (a) shall be accomplished at the direction of the Facility by the exchange of a new obligation for obligations of the type referred to in subsection (a) outstanding as of the date specified in subsection (a)(1).
(2) **Exchange of obligations**
(A) *In general* — The Facility shall notify the Commodity Credit Corporation of an agreement entered into under
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2431e
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definition of international food security** In this section, the term “international food security” means access by any person at any time to food and nutrition that is sufficient for a healthy and productive life.
**(b) Collection of information** The Secretary of Agriculture (referred to in this section as the “Secretary”) shall compile information from appropriate mission areas of the Department of Agriculture (including the Food, Nutrition, and Consumer Services mission area) relating to the improvement of international food security.
**(c) Public availability** To benefit programs for the improvement of international food security, the Secretary shall organize the information described in subsection (b) and make the information available in a format suitable for—
(1) public education; and
(2) use by—
(A) a Federal, State, or local agency;
(B) an agency or instrumentality of the government of a foreign country;
(C) a domestic or international organization, including a domestic or international nongovernmental organization; and
(D) an intergovernmental organization.
**(d) Technical assistance** On request by an entity described in subsection (c)(2), the Secretary may provide technical assistance to the entity to implement a program for the improvement of international food security.
**(e) Program priority** In carrying out this section, the Secretary shall give priority to programs relating to the development of food and nutrition safety net systems with a focus on food insecure countries.
**(f) Authorization of appropriations** There is authorized to be appropriated to carry out this section $1,000,000 for each of fiscal years 2019 through 2023.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Policy requirements for assistance** The Congress recognizes that, under special economic, political, or security conditions, the national interests of the United States may require economic support for countries or in amounts which could not be justified solely under part I of subchapter I of this chapter or, in the case of countries in sub-Saharan Africa, part X of subchapter I of this chapter. In such cases, the President is authorized to furnish assistance to countries and organizations, on such terms and conditions as he may determine, in order to promote economic or political stability. To the maximum extent feasible, the President shall provide assistance under this part consistent with the policy directions, purposes, and programs of subchapter I of this chapter.
**(b) Responsibility for policy decisions and justifications** The Secretary of State shall be responsible for policy decisions and justifications for economic support programs under this part, including determinations of whether there will be an economic support program for a country and the amount of the program for each country. The Secretary shall exercise this responsibility in cooperation with the Administrator of the agency primarily responsible for administering subchapter I of this chapter.
**(c) Detailed justification for uses and purposes of funds** As part of the annual presentation materials for foreign assistance submitted to the Congress, the agency primarily responsible for administering subchapter II of this chapter shall provide a detailed justification for the uses and the purposes of the funds provided under this part. Such material shall include, but not be limited to, information concerning the amounts and kinds of cash grant transfers, the amounts and kinds of budgetary an
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2346
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Federal law — U.S. Code and appendices · legal_authorities
Page 953
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2431d
World Bank-supported investment reforms, or
other measures, as appropriate.
(b) Eligibility determinations
(1) In general
Consistent with subsection (a), the President
shall determine whether a country is eligible
to receive benefits under this subchapter.
(2) Congressional notification
The President shall notify the appropriate
congressional committees of his intention to
designate a country as an eligible country at
least 15 days in advance of any formal deter-
mination.
(Pub. L. 87–195, pt. V, § 805, as added Pub. L.
105–214, § 1, July 29, 1998, 112 Stat. 887; amended
Pub. L. 107–26, § 1, Aug. 17, 2001, 115 Stat. 206;
Pub. L. 115–440, § 5, Jan. 14, 2019, 132 Stat. 5582.)
Editorial Notes
PRIOR PROVISIONS
A prior section 805 of Pub. L. 87–195, pt. V, enacted a
provision set out as a note under former section 2431 of
this title prior to repeal by Pub. L. 94–329, title IV,
§ 413(a), June 30, 1976, 90 Stat. 761.
AMENDMENTS
2019—Subsec. (a). Pub. L. 115–440, § 5(1), substituted
‘‘tropical forest or coral reef’’ for ‘‘tropical forest’’ in
introductory provisions.
Subsec. (a)(1) to (7). Pub. L. 115–440, § 5(2), (3), added
pars. (1) to (6), redesignated former par. (2) as (7), and
struck out former par. (1) which read as follows:
‘‘whose government meets the requirements applicable
to Latin American or Caribbean countries under para-
graphs (1) through (5) and (7) of section 2430b(a) of this
title; and’’.
2001—Subsec. (a)(2). Pub. L. 107–26 struck out ‘‘major’’
before ‘‘investment reforms,’’.
Executive Documents
DELEGATION OF FUNCTIONS
For delegation of functions of President under this
section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R.
56673, as amended, set out as a note u
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2431d
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.