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22 U.S.C. § 5422 — Debt-for-equity swaps and other special techniques
Federal law — U.S. Code and appendices · legal_authorities
**(a) Reduction of debt burden** The President shall take all appropriate actions to explore and encourage innovative approaches to the reduction of the government-to-government and commercial debt burden of East European countries which have taken substantive steps toward political democracy and economic pluralism.
**(b) Authority for discounted sales of debt** Notwithstanding any other provision of law, the President may undertake the discounted sale, to private purchasers, of United States Government debt obligations of an East European country which has taken substantive steps toward political democracy and economic pluralism, subject to subsection (c).
**(c) Condition** An obligation may be sold under subsection (b) only if the sale will facilitate so-called debt-for-equity or debt-for-development swaps wherein such newly privatized debt is exchanged by the new holder of the obligation for—
(1) local currencies, policy commitments, or other assets needed for development or other economic activities, or
(2) for an equity interest in an enterprise theretofore owned by the particular East European government.
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Source file: Laws/federal/codes/united-states-code/title-22/section-5422-debt-for-equity-swaps-and-other-special-techniques--fe7a369f27.md
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Source location: Title 22, Chapter 63, § 5422; chapter-063-support-for-east-european-democracy-seed.md
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**(a) Reduction of debt burden** The President shall take all appropriate actions to explore and encourage innovative approaches to the reduction of the government-to-government and commercial debt burden of East European countries which have taken substantive steps toward political democracy and economic pluralism.
**(b) Authority for discounted sales of debt** Notwithstanding any other provision of law, the President may undertake the discounted sale, to private purchasers, of United States Government debt obligations of an East European country which has taken substantive steps toward political democracy and economic pluralism, subject to subsection (c).
**(c) Condition** An obligation may be sold under subsection (b) only if the sale will facilitate so-called debt-for-equity or debt-for-development swaps wherein such newly privatized debt is exchanged by the new holder of the obligation for—
(1) local currencies, policy commitments, or other assets needed for development or other economic activities, or
(2) for an equity interest in an enterprise theretofore owned by the particular East European government.
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Federal law — U.S. Code and appendices · legal_authorities
Any provision of the annual Foreign Operations, Export Financing, and Related Programs Appropriations Act that provides that assistance for Poland or Hungary under that Act may be provided “notwithstanding any other provision of law” shall not supersede any otherwise applicable provision of this chapter. This section shall not, however, be construed to apply with respect to section 599C(b) of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1990 (or a corresponding provision of a subsequent such appropriations Act.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 5401
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Federal law — U.S. Code and appendices · legal_authorities
Page 1659
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 5423
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2018 AMENDMENT
Amendment by Pub. L. 115–254 effective at the end of
the transition period, as defined in section 9681 of this
title, see section 1470(w) of Pub. L. 115–254, set out as a
note under section 905 of Title 2, The Congress.
Executive Documents
DELEGATION OF FUNCTIONS
Functions of President under this section relating to
Enterprise Funds for Poland and Hungary delegated to
Secretary of State by section 2 of Ex. Ord. No. 12703,
Feb. 20, 1990, 55 F.R. 6351, as amended, set out as a note
under section 5401 of this title.
§ 5422. Labor market transition in Poland and
Hungary
(a) Technical assistance
The Secretary of Labor (hereinafter in this
section referred to as the ‘‘Secretary’’), in con-
sultation with representatives of labor and busi-
ness in the United States, shall—
(1) provide technical assistance to Poland
and Hungary for the implementation of labor
market reforms; and
(2) provide technical assistance to Poland
and Hungary to facilitate adjustment during
the period of economic transition and reform.
(b) Types of technical assistance authorized
In carrying out subsection (a), the Secretary
is authorized to provide technical assistance re-
garding policies and programs for training and
retraining, job search and employment services,
unemployment insurance, occupational safety
and health protection, labor-management rela-
tions, labor statistics, analysis of productivity
constraints, entrepreneurial support for small
businesses, market-driven systems of wage and
income determinations, job creation, employ-
ment security, the observance of internationally
recognized worker rights (including freedom of
associa
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 5422
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