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12 U.S.C. § 635a–4 — Guarantees for export accounts receivable and inventory
Federal law — U.S. Code and appendices · legal_authorities
The Export-Import Bank of the United States is authorized and directed to establish a program to provide guarantees for loans extended by financial institutions or other public or private creditors to export trading companies as defined in [section 1843(c)(14)(F)(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1843/c/14/F/i&num=0&edition=prelim), or to other exporters, when such loans are secured by export accounts receivable, inventories of exportable goods, accounts receivable from leases, performance contracts, grant commitments, participation fees, member dues, revenue from publications, or such other collateral as the Board of Directors may deem appropriate, and when in the judgment of the Board of Directors—
(1) the private credit market is not providing adequate financing to enable otherwise creditworthy export trading companies or exporters to consummate export transactions; and
(2) such guarantees would facilitate expansion of exports which would not otherwise occur.
The Board of Directors shall attempt to insure that a major share of any loan guarantees ultimately serves to promote exports from small, medium-size, and minority businesses or agricultural concerns. Guarantees provided under the authority of this section shall be subject to limitations contained in annual appropriations Acts.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 635a–4
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Stable record: federal_law:legal_authorities:record_usc_df95cae30fc931b6a03aa331
Source file: Laws/federal/codes/united-states-code/title-12/section-635a4-guarantees-for-export-accounts-receivable-and-inventory--0261ed699b.md
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Source location: Title 12, Chapter 6A, § 635a–4; chapter-6a-export-import-bank-of-the-united-states.md
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The Export-Import Bank of the United States is authorized and directed to establish a program to provide guarantees for loans extended by financial institutions or other public or private creditors to export trading companies as defined in [section 1843(c)(14)(F)(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1843/c/14/F/i&num=0&edition=prelim), or to other exporters, when such loans are secured by export accounts receivable, inventories of exportable goods, accounts receivable from leases, performance contracts, grant commitments, participation fees, member dues, revenue from publications, or such other collateral as the Board of Directors may deem appropriate, and when in the judgment of the Board of Directors—
(1) the private credit market is not providing adequate financing to enable otherwise creditworthy export trading companies or exporters to consummate export transactions; and
(2) such guarantees would facilitate expansion of exports which would not otherwise occur.
The Board of Directors shall attempt to insure that a major share of any loan guarantees ultimately serves to promote exports from small, medium-size, and minority businesses or agricultural concerns. Guarantees provided under the authority of this section shall be subject to limitations contained in annual appropriations Acts.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Congress finds that—
(1) United States exports are responsible for creating and maintaining one out of every nine manufacturing jobs in the United States and for generating one out of every seven dollars of total United States goods produced;
(2) the rapidly growing service-related industries are vital to the well-being of the United States economy inasmuch as they create jobs for seven out of every ten Americans, provide 65 per centum of the Nation’s gross national product, and offer the greatest potential for significantly increased industrial trade involving finished products;
(3) trade deficits contribute to the decline of the dollar on international currency markets and have an inflationary impact on the United States economy;
(4) tens of thousands of small- and medium-sized United States businesses produce exportable goods or services but do not engage in exporting;
(5) although the United States is the world’s leading agricultural exporting nation, many farm products are not marketed as widely and effectively abroad as they could be through export trading companies;
(6) export trade services in the United States are fragmented into a multitude of separate functions, and companies attempting to offer export trade services lack financial leverage to reach a significant number of potential United States exporters;
(7) the United States needs well-developed export trade intermediaries which can achieve economies of scale and acquire expertise enabling them to export goods and services profitably, at low per unit cost to producers;
(8) the development of export trading companies in the United States has been hampered by business attitudes and by Government regulations;
(9) those activities of State and local governmental authorities which initiate
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 4001
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary, with the concurrence of the Attorney General, shall promulgate such rules and regulations as are necessary to carry out the purposes of this chapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 4020
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