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22 U.S.C. § 2212 — Development credits for micro, small, and medium-sized enterprises
Federal law — U.S. Code and appendices · legal_authorities
**(a) Findings and policy** Congress finds and declares that—
(1) the development of micro, small, and medium-sized enterprises is a vital factor in the stable growth of developing countries and in the development and stability of a free, open, and equitable international economic system; and
(2) it is, therefore, in the best interests of the United States to assist the access to financial services and the development of micro, small, and medium-sized enterprises in developing countries and to engage the United States private sector in that process.
**(b) Program** To carry out the policy set forth in subsection (a), the President is authorized to provide assistance to increase the availability of financial services to micro, small, and medium-sized enterprises and households lacking full access to credit and other financial services, including through—
(1) loans and guarantees to financial intermediaries for the purpose of expanding the availability of savings and credit to poor and low-income households;
(2) training programs for financial intermediaries in order to enable them to better meet the financial services needs of their clients; and
(3) training programs for clients in order to enable them to make better use of credit, increase their financial literacy, and to better manage their enterprises to improve their quality of life.
**(c) Eligibility criteria** The Administrator of the Agency shall establish criteria for determining which financial intermediaries described in subsection (b)(1) are eligible to carry out activities, with respect to micro, small, and medium-sized enterprises and households, assisted under this section. Such criteria may include the following:
(1) The extent to which the recipients of financial services from the entity do not ha
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Source file: Laws/federal/codes/united-states-code/title-22/section-2212-development-credits-for-micro-small-and-medium-sized-enterprises--c59d3bfda4.md
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Source location: Title 22, Chapter 32, § 2212; chapter-032-foreign-assistance.md
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**(a) Findings and policy** Congress finds and declares that—
(1) the development of micro, small, and medium-sized enterprises is a vital factor in the stable growth of developing countries and in the development and stability of a free, open, and equitable international economic system; and
(2) it is, therefore, in the best interests of the United States to assist the access to financial services and the development of micro, small, and medium-sized enterprises in developing countries and to engage the United States private sector in that process.
**(b) Program** To carry out the policy set forth in subsection (a), the President is authorized to provide assistance to increase the availability of financial services to micro, small, and medium-sized enterprises and households lacking full access to credit and other financial services, including through—
(1) loans and guarantees to financial intermediaries for the purpose of expanding the availability of savings and credit to poor and low-income households;
(2) training programs for financial intermediaries in order to enable them to better meet the financial services needs of their clients; and
(3) training programs for clients in order to enable them to make better use of credit, increase their financial literacy, and to better manage their enterprises to improve their quality of life.
**(c) Eligibility criteria** The Administrator of the Agency shall establish criteria for determining which financial intermediaries described in subsection (b)(1) are eligible to carry out activities, with respect to micro, small, and medium-sized enterprises and households, assisted under this section. Such criteria may include the following:
(1) The extent to which the recipients of financial services from the entity do not have access to the local formal financial sector.
(2) The extent to which the recipients of financial services from the entity are among the poorest people in the country.
(3) The extent to which the entity is oriented toward working directly with poor women.
(4) The extent to which the entity recovers its cost of lending.
(5) The extent to which the entity implements a plan to become financially sustainable.
**(d) Additional requirement** Assistance provided under this section may only be used to support programs for micro, small, and medium-sized enterprises and households and may not be used to support programs not directly related to the purposes described in subsection (b).
**(e) 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).
**(f) Availability of funds**
(1) **In general** — Of the amounts authorized to be available to carry out subchapter I of this chapter, there are authorized to be available such sums as may be necessary for each of the fiscal years 2005 through 2009 to carry out this section.
(2) **Coverage of subsidy costs** — Amounts authorized to be available under paragraph (1) shall be made available to cover 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), for activities under 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, § 108, as added Pub. L. 98–151, § 101(b)(2), Nov. 14, 1983, 97 Stat. 972 and amended, which related to microenterprise development credits, was renumbered section 256 of Pub. L. 87–195 by Pub. L. 108–484, § 4(a), (b), Dec. 23, 2004, 118 Stat. 3926, 3927, and transferred to [section 2212 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2212&num=0&edition=prelim).
#### Prior Provisions
A prior section 2151f, Pub. L. 87–195, pt. I, § 108, as added Pub. L. 93–189, § 2(3), Dec. 17, 1973, 87 Stat. 715, related to application of subpart I, II, or X of part II of this subchapter to assistance under this part, prior to repeal by Pub. L. 95–424, title I, § 102(g)(2)(K)(i), Oct. 6, 1978, 92 Stat. 943, eff. Oct. 1, 1978.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151f
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 87–195, pt. I, § 131, as added Pub. L. 106–309, title I, § 105, Oct. 17, 2000, 114 Stat. 1082; amended Pub. L. 108–31, § 3, June 17, 2003, 117 Stat. 776, related to microenterprise development grant assistance.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2152a
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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
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
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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) Authorization** The President is authorized to provide assistance on a non-reimbursable basis for programs in developing countries to increase the availability of credit, including the use of innovative credit scoring models, savings, financial technology, financial literacy, education, insurance, property rights, and other services to micro, small, and medium-sized enterprise clients lacking full access to capital, training, technical assistance, and business development services, through—
(1) assistance for the purpose of expanding the availability of credit, savings, and other financial and non-financial services to micro, small, and medium-sized enterprise clients, particularly clients owned, managed, and controlled by women;
(2) assistance for the purpose of training, technical assistance, and business development services for micro, small, and medium-sized enterprises to enable them to make better use of credit, to better manage their enterprises, to conduct market analysis and product development for expanding domestic and international sales, particularly to United States markets, and to increase their income and build their assets;
(3) capacity-building for financial intermediaries in order to enable them to better meet the credit, savings, and training needs of micro, small, and medium-sized enterprises;
(4) policy, regulatory programs, and research at the country level that improve the environment for micro, small, and medium-sized enterprises, financial intermediaries, and capital markets and institutions that serve the poor and very poor, especially women;
(5) assistance for the purpose of promoting the economic empowerment of women, including through increased access to financial resources and improving property rights, inheritance rights, and o
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2211a
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Federal law — U.S. Code and appendices · legal_authorities
Page 686
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2211c
§ 2211c. Poverty measurement methods
The Administrator of the Agency, in consulta-
tion with financial intermediaries and other ap-
propriate organizations, should have in place at
least 1 method for implementing partners to use
to assess poverty levels of their current incom-
ing or prospective clients.
(Pub. L. 87–195, pt. I, § 254, as added Pub. L.
108–484, § 3, Dec. 23, 2004, 118 Stat. 3926; amended
Pub. L. 115–428, § 4(d), Jan. 9, 2019, 132 Stat. 5514.)
Editorial Notes
AMENDMENTS
2019—Pub. L. 115–428 amended section generally. Prior
to amendment, section related to development of pov-
erty measurement methods and application of methods.
§ 2211d. Additional authorities
Notwithstanding any other provision of law,
amounts made available for development assist-
ance for micro, small, and medium-sized enter-
prises under any provision of law other than this
subpart may be provided to further the purposes
of this subpart. To the extent assistance de-
scribed in the preceding sentence is provided in
accordance with such sentence, the Adminis-
trator of the Agency shall include, as part of the
report required under section 2214 of this title, a
detailed description of such assistance.
(Pub. L. 87–195, pt. I, § 255, as added Pub. L.
108–484, § 3, Dec. 23, 2004, 118 Stat. 3926; amended
Pub. L. 115–428, § 4(e), Jan. 9, 2019, 132 Stat. 5514.)
Editorial Notes
AMENDMENTS
2019—Pub. L. 115–428 substituted ‘‘development assist-
ance for micro, small, and medium-sized enterprises’’
for ‘‘assistance for microenterprise development assist-
ance’’ and struck out ‘‘and, to the extent applicable,
the information required by paragraphs (1) through (11)
of subsection (b) of such section with respect to su
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2212
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