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22 U.S.C. § 5414 — Stabilization assistance for Poland

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 5414 — Stabilization assistance for Poland

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Stable record: federal_law:legal_authorities:record_usc_859952f4d1693892816e87c4
Source file: Laws/federal/codes/united-states-code/title-22/section-5414-stabilization-assistance-for-poland--3c8124bcd1.md
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Source location: Title 22, Chapter 63, § 5414; chapter-063-support-for-east-european-democracy-seed.md

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**(a) Immediate emergency assistance** To the extent that the ongoing International Monetary Fund review of the Polish economy projects a probable balance of payments shortage for the fourth quarter of 1989, the United States Government, in carrying out paragraph (1) of [section 5411(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section5411/b&num=0&edition=prelim)— (1) should work closely with the European Community and international financial institutions to determine the extent of emergency assistance required by Poland for the fourth quarter of 1989, and (2) should consider extending a bridge loan to relieve immediate and urgent balance of payments requirements using the Exchange Stabilization Fund in accordance with paragraph (1)(A) of [section 5411(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section5411/b&num=0&edition=prelim). **(b) Immediate, multilateral response to Poland’s economic stabilization needs** In furtherance of [section 5411(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section5411/b/1&num=0&edition=prelim), the President, acting in coordination with the European Community, should seek to ensure that the industrialized democracies undertake an immediate, multilateral effort to respond to Poland’s request for $1,000,000,000 to support its economic stabilization program. **(c) Additional authority to provide stabilization assistance** (1) **Authority** — In order to carry out paragraph (1) of [section 5411(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section5411/b&num=0&edition=prelim), the President is authorized to furnish assistance for Poland, notwithstanding any other provision of law, to assist in the urgent stabilization of the Polish economy and ultimately to promote longer-term economic growth and stability, based on movement toward free market principles. Such assistance may be provided for balance of payments support (including commodity import programs), support for private sector development, or for other activities to further efforts to develop a free market-oriented economy in Poland. (2) **Authorization of appropriations** — For purposes of providing the assistance authorized by this subsection, there are authorized to be appropriated $200,000,000 for fiscal year 1990 to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 ([22 U.S.C. 2346](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2346&num=0&edition=prelim) and following; relating to the economic support fund), in addition to amounts otherwise available for such purposes.

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 2151 — Congressional findings and declaration of policy

(a) United States development cooperation policy

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 2346 — Authority

**(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

22 U.S.C. § 5411 — Support for East European Democracy (SEED) Program

**(a) SEED Program** The United States shall implement, beginning in fiscal year 1990, a concerted Program of Support for East European Democracy (which may also be referred to as the “SEED Program”). The SEED Program shall be comprised of diverse undertakings designed to provide cost-effective assistance to those countries of Eastern Europe that have taken substantive steps toward institutionalizing political democracy and economic pluralism. **(b) Objectives of SEED assistance** The President should ensure that the assistance provided to East European countries pursuant to this chapter is designed— (1) to contribute to the development of democratic institutions and political pluralism characterized by— (A) the establishment of fully democratic and representative political systems based on free and fair elections, (B) effective recognition of fundamental liberties and individual freedoms, including freedom of speech, religion, and association, (C) termination of all laws and regulations which impede the operation of a free press and the formation of political parties, (D) creation of an independent judiciary, and (E) establishment of non-partisan military, security, and police forces; (2) to promote the development of a free market economic system characterized by— (A) privatization of economic entities, (B) establishment of full rights to acquire and hold private property, including land and the benefits of contractual relations, (C) simplification of regulatory controls regarding the establishment and operation of businesses, (D) dismantlement of all wage and price controls, (E) removal of trade restrictions, including on both imports and exports, (F) liberalization of investment and capital, including the repatriation of profits b

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 2346 — Authority

Page 804 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2345 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 under section 2381 of this title. § 2345. Repealed. Pub. L. 90–629, ch. 4, § 45(a), Oct. 22, 1968, 82 Stat. 1327 Section, Pub. L. 87–195, pt. II, § 525, formerly §§ 503(e), 509(b), as added Pub. L. 88–633, pt. II, § 201(a), (d), Oct. 7, 1964, 78 Stat. 1011; amended Pub. L. 89–171, pt. II, § 201(f), Sept. 6, 1965, 79 Stat. 657; renumbered § 525 and amended Pub. L. 90–137, pt. II, § 201(b)(3), (i)(2), Nov. 14, 1967, 81 Stat. 455, 457, provided for guaranties until June 30, 1968. See section 2764 of this title. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective July 1, 1968, see section 41 of Pub. L. 90–629, set out as an Effective Date note under section 2751 of this title. SAVINGS PROVISION Determinations, authorizations, regulations, orders, contracts, agreements, and other actions issued under- taken, or entered into under authority of any provision of former section 2345 of this title as continuing in full force and effect until modified by appropriate author- ity, see section 46 of Pub. L. 90–629, set out as a note under former section 2341 of this title. PART IV—ECONOMIC SUPPORT FUND § 2346. Authority (a) Policy requirements for assistance The Congress recognizes that, under special economic, political, or security conditions, the national interests of the United States may re- quire 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,

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 5414 — Debt-for-equity swaps and other special

Page 1656 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 5414 (d) Consistency with budget requirements Subsection (c) should not be construed to au- thorize or require any budgetary obligations or outlays that are inconsistent with House Con- current Resolution 106 of the 101st Congress (set- ting forth the congressional budget for the United States Government for fiscal year 1990). (Pub. L. 101–179, title I, § 103, Nov. 28, 1989, 103 Stat. 1303; Pub. L. 110–246, title III, § 3001(b)(1)(A), (2)(U), June 18, 2008, 122 Stat. 1820, 1821.) Editorial Notes REFERENCES IN TEXT The Food for Peace Act, referred to in subsec. (c), is act July 10, 1954, ch. 469, 68 Stat. 454, which is classified generally to chapter 41 (§ 1691 et seq.) of Title 7, Agri- culture. For complete classification of this Act to the Code, see Short Title note set out under section 1691 of Title 7 and Tables. House Concurrent Resolution 106 of the 101st Con- gress, referred to in subsec. (d), is H. Con. Res. 106, May 18, 1989, 103 Stat. 2450, which is not classified to the Code. AMENDMENTS 2008—Subsec. (c). Pub. L. 110–246 substituted ‘‘Food for Peace Act’’ for ‘‘Agricultural Trade Development and Assistance Act of 1954’’ in introductory provisions. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2008 AMENDMENT Amendment by Pub. L. 110–246 effective May 22, 2008, see section 4(b) of Pub. L. 110–246, set out as an Effec- tive Date note under section 8701 of Title 7, Agri- culture. § 5414. Debt-for-equity swaps and other special techniques (a) Reduction of debt burden The President shall take all appropriate ac- tions to explore and encourage innovative ap- proaches to the reduction of the government-to- government and commercial debt burden of East European countri

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