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7 U.S.C. § 1738b — Establishment of Facility

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

7 U.S.C. § 1738b — Establishment of Facility

There is established in the Department of the Treasury an entity to be known as the “Enterprise for the Americas Facility” (hereafter referred to in this subchapter as the “Facility”).

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Stable record: federal_law:legal_authorities:record_usc_a21c325ecf0153cb4370021e
Source file: Laws/federal/codes/united-states-code/title-7/section-1738b-establishment-of-facility--60af3b74d0.md
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Source location: Title 7, Chapter 41, § 1738b; chapter-041-food-for-peace.md

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There is established in the Department of the Treasury an entity to be known as the “Enterprise for the Americas Facility” (hereafter referred to in this subchapter as the “Facility”).

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

7 U.S.C. § 1691 — Notification to congressional committees

**(a) Notice of negotiations** The Secretary of State and the Secretary of the Treasury shall, in every feasible instance, notify the designated congressional committees not less than 15 days prior to any formal negotiation for debt relief under this subchapter. **(b) Transmittal of text of agreements** The Secretary of State shall transmit to the designated congressional committees a copy of the text of any agreement with any foreign government which would result in any debt relief under this subchapter no less than 30 days prior to its entry into force, together with a detailed justification of the interest of the United States in the proposed debt relief. **(c) Annual report** The Secretary of State or the Secretary of the Treasury, as appropriate, shall submit to the designated congressional committees not later than February 1 of each year a consolidated statement of the budgetary implications of all debt relief agreements entered into force under this subchapter during the preceding fiscal year. **(d) Designated congressional committees** As used in this section, the term “designated congressional committees” means the Committee on Agriculture and the Committee on Foreign Affairs of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate.

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1691

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

22 U.S.C. § 286b — Repealed. Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 654

### Statutory Notes Section, act Aug. 5, 1947, ch. 498, § 12, 61 Stat. 783, provided for transfer of property to Institute of Inter-American Affairs.

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

7 U.S.C. § 1738f — Repayment of principal

**(a) Currency of payment** The principal amount owed under each new obligation issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be repaid in United States dollars. **(b) Deposit of payments** Principal repayments on new obligations issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be deposited in Commodity Credit Corporation accounts.

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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. § 2430b — Eligibility for benefits

**(a) Requirements** To be eligible for benefits from the Facility under this subchapter, a country must be a Latin American or Caribbean country— (1) whose government is democratically elected; (2) whose government has not repeatedly provided support for acts of international terrorism; (3) whose government is not failing to cooperate on international narcotics control matters; (4) whose government (including its military or other security forces) does not engage in a consistent pattern of gross violations of internationally recognized human rights; (5) that has in effect, has received approval for, or, as appropriate in exceptional circumstances, is making significant progress toward— (A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or in exceptional circumstances, a Fund monitored program or its equivalent, unless the President determines (after consultation with the Enterprise for the Americas Board) that such an arrangement or program (or its equivalent) could reasonably be expected to have significant adverse social or environmental effects; and (B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development or the International Development Association, unless the President determines (after consultation with the Enterprise for the Americas Board) that the resulting adjustment requirements could reasonably be expected to have significant adverse social or environmental effects; (6) has put in place major investment reforms in conjunction with an Inter-American Development Bank loan or otherwise is implementing, or is making significant progress toward, an open

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2430b

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

22 U.S.C. § 2431k — Annual reports to Congress

Not later than April 15 of each year, the President shall prepare and transmit to the Congress an annual report concerning the operation of the Facility for the prior calendar year. Such report shall include— (1) a description of the activities undertaken by the Facility during the previous calendar year; (2) a description of any Agreement entered into under this subchapter; (3) a report on any Funds that have been established under this subchapter and on the operations of such Funds; and (4) a description of any grants that have been provided by administering bodies pursuant to Agreements under this subchapter.

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

3 U.S.C. § 301 — General authorization to delegate functions; publication of delegations

The President of the United States is authorized to designate and empower the head of any department or agency in the executive branch, or any official thereof who is required to be appointed by and with the advice and consent of the Senate, to perform without approval, ratification, or other action by the President (1) any function which is vested in the President by law, or (2) any function which such officer is required or authorized by law to perform only with or subject to the approval, ratification, or other action of the President: Provided, That nothing contained herein shall relieve the President of his responsibility in office for the acts of any such head or other official designated by him to perform such functions. Such designation and authorization shall be in writing, shall be published in the Federal Register, shall be subject to such terms, conditions, and limitations as the President may deem advisable, and shall be revocable at any time by the President in whole or in part.

Source: Supplied U.S. Code snapshot — release unconfirmed · 3 U.S.C. § 301

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

7 U.S.C. § 1738b — Eligibility for benefits under Facility

Page 1027 TITLE 7—AGRICULTURE § 1738e that meet investment reform and other policy conditions provided for in this subchapter. (July 10, 1954, ch. 469, title VI, § 602, as added Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3658.) § 1738b. Eligibility for benefits under Facility (a) Requirements To be eligible for benefits from the Facility under this subchapter, a country shall— (1) be a Latin American or Caribbean coun- try; (2) have in effect or have received approval for, or, as appropriate in exceptional cir- cumstances, be making significant progress towards the establishment of— (A) an International Monetary Fund (here- after referred to in this subchapter as the ‘‘IMF’’) standby arrangement, extended IMF arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or in excep- tional circumstances, an IMF-monitored program or its equivalent; and (B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development (hereafter referred to in this subchapter as the ‘‘World Bank’’) or the International De- velopment Association (hereafter referred to in this subchapter as the ‘‘IDA’’); (3) have placed into effect major investment reforms in conjunction with an Inter-Amer- ican Development Bank (hereafter referred to as the ‘‘IDB’’) loan or otherwise be imple- menting, or making significant progress to- wards an open investment regime; and (4) if appropriate, have agreed with its com- mercial bank lenders on a satisfactory financ- ing program, including, as appropriate, debt or debt service reduction. (b) Eligibility determination The President shall determine whether a coun- try is an eligible country for purposes of

Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1738b

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