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22 U.S.C. § 2213 — United States Microfinance Loan Facility
Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** The President is authorized to establish a United States Microfinance Loan Facility (in this section referred to as the “Facility”) to pool and manage the risk from natural disasters, war or civil conflict, national financial crisis, or short-term financial movements that threaten the long-term development of United States-supported financial intermediaries.
**(b) Disbursements**
(1) **In general** — The Administrator shall make disbursements from the Facility to United States-supported financial intermediaries to prevent the bankruptcy of such institutions caused by—
(A) natural disasters;
(B) national wars or civil conflict; or
(C) national financial crisis or other short-term financial movements that threaten the long-term development of United States-supported financial intermediaries.
(2) **Form of assistance** — Assistance under this section shall be in the form of loans or loan guarantees for financial intermediaries that demonstrate the capacity to resume self-sustained operations within a reasonable time period.
(3) **Congressional notification procedures** — During each of the fiscal years 2005 through 2009, funds may not be made available from the Facility until 15 days after notification of the proposed availability of the funds has been provided to the congressional committees specified in [section 2394–1 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2394-1&num=0&edition=prelim) in accordance with the procedures applicable to reprogramming notifications under that section.
**(c) General provisions**
(1) **Policy provisions** — In providing the credit assistance authorized by this section, the Administrator should apply, as appropriate, the policy provisions in subchapter I of
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Source file: Laws/federal/codes/united-states-code/title-22/section-2213-united-states-microfinance-loan-facility--5717b415bc.md
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Source location: Title 22, Chapter 32, § 2213; chapter-032-foreign-assistance.md
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**(a) Establishment** The President is authorized to establish a United States Microfinance Loan Facility (in this section referred to as the “Facility”) to pool and manage the risk from natural disasters, war or civil conflict, national financial crisis, or short-term financial movements that threaten the long-term development of United States-supported financial intermediaries.
**(b) Disbursements**
(1) **In general** — The Administrator shall make disbursements from the Facility to United States-supported financial intermediaries to prevent the bankruptcy of such institutions caused by—
(A) natural disasters;
(B) national wars or civil conflict; or
(C) national financial crisis or other short-term financial movements that threaten the long-term development of United States-supported financial intermediaries.
(2) **Form of assistance** — Assistance under this section shall be in the form of loans or loan guarantees for financial intermediaries that demonstrate the capacity to resume self-sustained operations within a reasonable time period.
(3) **Congressional notification procedures** — During each of the fiscal years 2005 through 2009, funds may not be made available from the Facility until 15 days after notification of the proposed availability of the funds has been provided to the congressional committees specified in [section 2394–1 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2394-1&num=0&edition=prelim) in accordance with the procedures applicable to reprogramming notifications under that section.
**(c) General provisions**
(1) **Policy provisions** — In providing the credit assistance authorized by this section, the Administrator should apply, as appropriate, the policy provisions in subchapter I of this chapter that are applicable to development assistance activities.
(2) **Default and procurement provisions**
(A) *Default provision* — The provisions of [section 2370(q) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2370/q&num=0&edition=prelim), or any comparable provision of law, shall not be construed to prohibit assistance to a country in the event that a private sector recipient of assistance furnished under this section is in default in its payment to the United States for the period specified in such section.
(B) *Procurement provision* — Assistance may be provided under this section without regard to [section 2354(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2354/a&num=0&edition=prelim).
(3) **Terms and conditions of credit assistance**
(A) *In general* — Credit assistance provided under this section shall be offered on such terms and conditions, including fees charged, as the Administrator may determine.
(B) *Limitation on principal amount of financing* — The principal amount of loans made or guaranteed under this section in any fiscal year, with respect to any single event, may not exceed $30,000,000.
(C) *Exception* — No payment may be made under any guarantee issued under this section for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible.
(4) **Full faith and credit** — All guarantees issued under this section shall constitute obligations, in accordance with the terms of such guarantees, of the United States of America, and the full faith and credit of the United States of America is hereby pledged for the full payment and performance of such obligations to the extent of the guarantee.
**(d) Funding**
(1) **Allocation of funds** — Of the amounts made available to carry out subchapter I of this chapter for each of the fiscal years 2005 through 2009, such sums as may be necessary may be made available for—
(A) the subsidy 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), to carry out this section; and
(B) the administrative costs to carry out this section.
(2) **Relation to other funding** — Amounts made available under paragraph (1) are in addition to amounts available under any other provision of law to carry out this section.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section, Pub. L. 87–195, pt. I, § 132, as added Pub. L. 106–309, title I, § 107(a), Oct. 17, 2000, 114 Stat. 1086, which related to United States Microfinance Loan Facility, was renumbered section 257 of Pub. L. 87–195 by Pub. L. 108–484, § 5(a), (b), Dec. 23, 2004, 118 Stat. 3927, and transferred to [section 2213 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2213&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2152b
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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
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** In order to maximize the sustainable development impact of assistance authorized under [section 2211a(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2211a/a&num=0&edition=prelim), the Administrator of the Agency, acting through the Director of the office, shall strengthen its monitoring system to meet the requirements of subsection (b).
**(b) Requirements** The requirements referred to in subsection (a) are the following:
(1) The monitoring system shall include performance goals, including goals on a gender disaggregated basis, such as improvements in employment, access to financial services, education, enterprise development, earnings and control over income, and property and land rights, for the assistance and expresses such goals in an objective and quantifiable form, to the extent feasible.
(2) The monitoring system shall incorporate Agency planning and reporting processes and indicators to measure or assess the achievement of the performance goals described in paragraph (1) and the objectives of the assistance authorized under [section 2211a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2211a&num=0&edition=prelim).
(3) The monitoring system provides a basis for recommendations for adjustments to the assistance to enhance the sustainability and the impact of the assistance, particularly the impact of such assistance on the very poor, particularly poor women.
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Federal law — U.S. Code and appendices · legal_authorities
Page 689
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2213
prise policy, in consultation with the Department of
the Treasury and the Department of State, and to
provide global leadership among bilateral and multi-
lateral donors in promoting microenterprise for the
very poor; and
‘‘(6) to ensure that in the implementation of this
title at least 50 percent of all microenterprise assist-
ance under this title, and the amendments made
under this title, shall be targeted to the very poor.’’
DEFINITIONS
Pub. L. 106–309, title I, § 104, Oct. 17, 2000, 114 Stat.
1082, as amended by Pub. L. 108–31, § 1(b), June 17, 2003,
117 Stat. 775, provided that: ‘‘In this title [see Short
Title of 2000 Amendments note set out under section
2151 of this title]:
‘‘(1) BUSINESS
DEVELOPMENT
SERVICES.—The term
‘business development services’ means support for the
growth of microenterprises through training, tech-
nical assistance, marketing assistance, improved pro-
duction technologies, and other services.
‘‘(2)
MICROENTERPRISE
INSTITUTION.—The
term
‘microenterprise institution’ means an institution
that provides services, including microfinance, train-
ing, or business development services, to microentre-
preneurs and their households.
‘‘(3) MICROFINANCE INSTITUTION.—The term ‘micro-
finance institution’ means an institution that di-
rectly provides, or works to expand, the availability
of credit, savings, and other financial services to
microentrepreneurs.
‘‘(4) PRACTITIONER INSTITUTION.—The term ‘practi-
tioner institution’ means any institution that pro-
vides services, including microfinance, training, or
business
development
services,
for
microentre-
preneurs, or provides assistance to microenterprise
institutions.
‘‘(5) VERY POOR.—The term ‘very poor’ means
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