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22 U.S.C. § 2362 — Use of foreign currencies
Federal law — U.S. Code and appendices · legal_authorities
**(a) Currencies received in payment for nonmilitary assistance; foreign obligations** Except as otherwise provided in this chapter or other Acts, foreign currencies received either (1) as a result of the furnishing of nonmilitary assistance under the Mutual Security Act of 1954, as amended, or any Act repealed thereby, and unobligated on September 3, 1961, or (2) on or after September 4, 1961, as a result of the furnishing of nonmilitary assistance under the Mutual Security Act of 1954, as amended, or any Act repealed thereby, or (3) as a result of the furnishing of assistance under subchapter I of this chapter, which are in excess of amounts reserved under authority of [section 2455(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2455/d&num=0&edition=prelim) or any other Act relating to educational and cultural exchanges, may be sold by the Secretary of the Treasury to agencies of the United States Government for payment of their obligations outside the United States, and the United States dollars received as reimbursement shall be deposited into miscellaneous receipts of the Treasury. Foreign currencies so received which are in excess of the amounts so reserved and of the requirements of the United States Government in payment of its obligations outside the United States, as such requirements may be determined from time to time by the President, shall be available for the authorized purposes of subchapter I of this chapter in such amounts as may be specified from time to time in appropriation Acts.
**(b) United States operations abroad; excess foreign currencies** Any Act of the Congress making appropriations to carry out programs under this chapter or any other Act for United States operations abroad is hereby authorize
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Source location: Title 22, Chapter 32, § 2362; chapter-032-foreign-assistance.md
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**(a) Currencies received in payment for nonmilitary assistance; foreign obligations** Except as otherwise provided in this chapter or other Acts, foreign currencies received either (1) as a result of the furnishing of nonmilitary assistance under the Mutual Security Act of 1954, as amended, or any Act repealed thereby, and unobligated on September 3, 1961, or (2) on or after September 4, 1961, as a result of the furnishing of nonmilitary assistance under the Mutual Security Act of 1954, as amended, or any Act repealed thereby, or (3) as a result of the furnishing of assistance under subchapter I of this chapter, which are in excess of amounts reserved under authority of [section 2455(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2455/d&num=0&edition=prelim) or any other Act relating to educational and cultural exchanges, may be sold by the Secretary of the Treasury to agencies of the United States Government for payment of their obligations outside the United States, and the United States dollars received as reimbursement shall be deposited into miscellaneous receipts of the Treasury. Foreign currencies so received which are in excess of the amounts so reserved and of the requirements of the United States Government in payment of its obligations outside the United States, as such requirements may be determined from time to time by the President, shall be available for the authorized purposes of subchapter I of this chapter in such amounts as may be specified from time to time in appropriation Acts.
**(b) United States operations abroad; excess foreign currencies** Any Act of the Congress making appropriations to carry out programs under this chapter or any other Act for United States operations abroad is hereby authorized to provide for the utilization of United States-owned excess foreign currencies to carry out any such operations authorized by law. As used in this subsection, the term “excess foreign currencies” means foreign currencies or credits owned by or owed to the United States which are, under applicable agreements with the foreign country concerned, available for the use of the United States Government and are determined by the President to be excess to the normal requirements of departments and agencies of the United States for such currencies or credits and are not prohibited from use under this subsection by an agreement entered into with the foreign country concerned. The President shall take all appropriate steps to assure that, to the maximum extent possible, United States-owned foreign currencies are utilized in lieu of dollars. Dollar funds made available pursuant to this chapter shall not be expended for goods and services when United States-owned foreign currencies are available for such purposes unless the administrative official approving the voucher certifies as to the reason for the use of dollars in each case.
**(c) Voluntary family planning programs; limitation** In addition to funds otherwise available, excess foreign currencies, as defined in subsection (b), may be made available to friendly foreign governments and to private, nonprofit United States organizations to carry out voluntary family planning programs in countries which request such assistance. No such program shall be assisted unless the President has received assurances that in the administration of such program the recipient will take reasonable precautions to insure that no person receives any family planning assistance or supplies unless he desires such services. The excess foreign currencies made available under this subsection shall not, in any one year, exceed 5 per centum of the aggregate of all excess foreign currencies. As used in this subsection, the term “voluntary family planning program” includes, but is not limited to, demographic studies, medical and psychological research, personnel training, the construction and staffing of clinics and rural health centers, specialized training of doctors and paramedical personnel, the manufacture of medical supplies, and the dissemination of family planning information, medical assistance, and supplies to individuals who desire such assistance.
**(d) Reciprocal release of dollar value equivalents** In furnishing assistance under this chapter to the government of any country in which the United States owns excess foreign currencies as defined in subsection (b) of this section, except those currencies generated under the Food for Peace Act, as amended [[7 U.S.C. 1691](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1691&num=0&edition=prelim) et seq.], the President shall endeavor to obtain from the recipient country an agreement for the release, on such terms and conditions as the President shall determine, of an amount of such currencies up to the equivalent of the dollar value of assistance furnished by the United States for programs as may be mutually agreed upon by the recipient country and the United States to carry out the purposes for which new funds authorized by this chapter would themselves be available.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Priority** In selecting agreements to be entered into under this subchapter, the Secretary shall give priority to agreements providing for the export of agricultural commodities to developing countries that—
(1) are undertaking measures for economic development purposes to improve food security and agricultural development, alleviate poverty, and promote broad-based equitable and sustainable development; and
(2) demonstrate the greatest need for food.
**(b) Private entities** An agreement entered into under this subchapter with a private entity shall require such security, or such other provisions as the Secretary determines necessary, to provide reasonable and adequate assurance of repayment of the financing extended to the private entity.
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Federal law — U.S. Code and appendices · legal_authorities
**(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
**(a) Availability and use** Notwithstanding [section 1306 of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1306&num=0&edition=prelim), or any other provision of law, proceeds of sales made under section 1675p 11 See References in Text note below. of this title, shall remain available and shall be used for any of the purposes of this chapter, giving particular regard to the following purposes—
(1) for providing military assistance to nations or mutual defense organizations eligible to receive assistance under this chapter;
(2) for purchase of goods or services in friendly nations;
(3) for loans, under applicable provisions of this chapter, to increase production of goods or services, including strategic materials, needed in any nation with which an agreement was negotiated, or in other friendly nations, with the authority to use currencies received in repayment for the purposes stated in the section or for deposit to the general account of the Treasury of the United States;
(4) for developing new markets on a mutually beneficial basis;
(5) for grants-in-aid to increase production for domestic needs in friendly countries; and
(6) for purchasing materials for United States stockpiles.
**(b) Availability to Members and employees of Congress; authorization requirements; reports**
(1)
(A) Notwithstanding [section 1306 of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1306&num=0&edition=prelim), or any other provision of law—
(i) local currencies owned by the United States which are in excess of the amounts reserved under [section 2362(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2362/a&num=0&edition=prelim) and of the requirements of
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 1754
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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
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2381
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151
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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
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2346
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Agricultural commodity** — The term “agricultural commodity” has the meaning given the term in [section 5602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5602&num=0&edition=prelim).
(2) **Geographically disadvantaged farmer or rancher** — The term “geographically disadvantaged farmer or rancher” has the meaning given the term in section 10906(a) of the Farm Security and Rural Investment Act of 2002 ([7 U.S.C. 2204](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2204&num=0&edition=prelim) note; Public Law 107–171).
**(b) Authorization** Subject to the availability of funds under subsection (d), the Secretary may provide geographically disadvantaged farmers or ranchers direct reimbursement payments for activities described in subsection (c).
**(c) Transportation**
(1) **In general** — Subject to paragraphs (2) and (3), the Secretary may provide direct reimbursement payments to a geographically disadvantaged farmer or rancher to transport an agricultural commodity, or inputs used to produce an agricultural commodity, during a fiscal year.
(2) **Proof of eligibility** — To be eligible to receive assistance under paragraph (1), a geographically disadvantaged farmer or rancher shall demonstrate to the Secretary that transportation of the agricultural commodity or inputs occurred over a distance of more than 30 miles, as determined by the Secretary.
(3) **Amount**
(A) *In general* — Subject to paragraph (2), the amount of direct reimbursement payments made to a geographically disadvantaged farmer or rancher under this section for a fiscal year shall equal the product obtained by multiplying—
(i) the amount of costs incurred by the geographically di
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 8701
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Findings** The Congress finds that—
(1) drought and famine have caused countless deaths and untold suffering among the people of sub-Saharan Africa;
(2) drought and famine in combination with other factors such as desertification, government neglect of the agricultural sector, and inappropriate economic policies have severely affected long-term development in sub-Saharan Africa; and
(3) the most cost-effective and efficient way of overcoming Africa’s vulnerability to drought and famine is to address Africa’s long-term development needs through a process that builds upon the needs and capabilities of the African people, promotes sustained and equitable economic growth, preserves the environment, and protects the rights of the individual.
**(b) Authority to furnish assistance** The President is authorized to furnish project and program assistance, on such terms and conditions as he may determine in accordance with the policies contained in this section, for long-term development in sub-Saharan Africa.
**(c) Purpose of assistance**
(1) **Purpose** — The purpose of assistance under this section shall be to help the poor majority of men and women in sub-Saharan Africa to participate in a process of long-term development through economic growth that is equitable, participatory, environmentally sustainable, and self-reliant.
(2) **Use of assistance to encourage private sector development** — Assistance under this section should, in a manner consistent with paragraph (1), be used to promote sustained economic growth, encourage private sector development, promote individual initiatives, and help to reduce the role of central governments in areas more appropriate for the private sector.
**(d) Application of development assistance general authorities and policies** E
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Federal law — U.S. Code and appendices · legal_authorities
Page 840
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2362
Pub. L. 99–83, title XII, §§ 1208, 1211(b)(2), Aug. 8,
1985, 99 Stat. 278, 279.)
Editorial Notes
REFERENCES IN TEXT
The Water Resources Planning Act, referred to in
subsec. (b), is Pub. L. 89–80, July 22, 1965, 79 Stat. 244,
which is classified generally to chapter 19B (§ 1962 et
seq.) of Title 42, The Public Health and Welfare. For
complete classification of this Act to the Code, see
Short Title note set out under section 1962 of Title 42
and Tables.
AMENDMENTS
1985—Subsec. (a). Pub. L. 99–83, § 1208(1), substituted
‘‘$500,000’’ for ‘‘$100,000’’.
Pub. L. 99–83, § 1211(b)(2), substituted reference to sec-
tion 1501 of title 31, for reference to section 1311 of the
Supplemental Appropriation Act, 1955.
Subsec. (b). Pub. L. 99–83, § 1208(2), substituted ‘‘the
principles, standards, and procedures established pursu-
ant to the Water Resources Planning Act (42 U.S.C.
1962, et seq.) or acts amendatory or supplementary
thereto’’ for ‘‘the procedures set forth in the Principles
and Standards for Planning Water and Related Land
Resources, dated October 25, 1973, with respect to such
computations’’.
1979—Subsec. (b). Pub. L. 96–53 substituted ‘‘Prin-
ciples and Standards for Planning Water and Related
Land Resources, dated October 25, 1973’’ for ‘‘Memo-
randum of the President dated May 15, 1962’’.
1978—Subsec. (a). Pub. L. 95–424, § 102(g)(2)(D), sub-
stituted ‘‘part I of subchapter I of this chapter, subpart
II of part II of subchapter I of this chapter, or part IV
of subchapter II of this chapter’’ for ‘‘subparts I, II, and
VI of part II and part IV of subchapter I of this chap-
ter’’.
Subsec. (e). Pub. L. 95–424, § 102(g)(2)(E), substituted
‘‘part I of subchapter I of this chapter, subpar
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2362
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Federal law — U.S. Code and appendices · legal_authorities
Page 956
TITLE 7—AGRICULTURE
§ 1691
Sec.
1738m.
Annual report to Congress.
1738n.
Consultations with Congress.
1738o.
Sale of qualified debt to eligible coun-
tries.
1738p.
Sale, reduction, or cancellation of quali-
fied debt to facilitate certain debt
swaps.
1738q.
Notification to congressional commit-
tees.
1738r.
‘‘Qualified debt’’ defined.
§ 1691. United States policy
It is the policy of the United States to use its
abundant agricultural productivity to promote
the foreign policy of the United States by en-
hancing the food security of the developing
world through the use of agricultural commod-
ities and local currencies accruing under this
chapter to—
(1) combat world hunger and malnutrition
and their causes;
(2) promote broad-based, equitable, and sus-
tainable development, including agricultural
development;
(3) expand international trade;
(4) foster and encourage the development of
private enterprise and democratic participa-
tion in developing countries; and
(5) prevent conflicts.
(July 10, 1954, ch. 469, § 2, 68 Stat. 454; Pub. L.
89–808, § 2(A), Nov. 11, 1966, 80 Stat. 1526; Pub. L.
94–161, title II, § 201, Dec. 20, 1975, 89 Stat. 850;
Pub. L. 99–198, title XI, § 1111(a), Dec. 23, 1985, 99
Stat. 1474; Pub. L. 101–624, title XV, § 1512, Nov.
28, 1990, 104 Stat. 3633; Pub. L. 107–171, title III,
§ 3001, May 13, 2002, 116 Stat. 280; Pub. L. 110–246,
title III, § 3002, June 18, 2008, 122 Stat. 1821.)
Editorial Notes
AMENDMENTS
2008—Pars. (4) to (6). Pub. L. 110–246 redesignated
pars. (5) and (6) as (4) and (5), respectively, and struck
out former par. (4) which read as follows: ‘‘develop and
expand export markets for United States agricultural
commodities;’’.
2002—Par. (6). Pub. L. 107–171 added par. (6).
1990—Pub. L. 10
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1691
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