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22 U.S.C. § 5402 — Certain uses of excess foreign currencies
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to use** During fiscal year 1990, the Administrator of the Agency for International Development may use, for the purposes described in subsection (b), such sums of foreign currencies described in subsection (c) as the Administrator may determine, subject to subsection (f).
**(b) Purposes for which currency may be used** Foreign currencies may be used under this section—
(1) for the same purposes for which assistance may be provided under part I of the Foreign Assistance Act of 1961 ([22 U.S.C. 2151](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2151&num=0&edition=prelim) and following; relating to economic assistance), and
(2) for the support of any institution providing education for a significant number of United States nationals (who may include members of the United States Armed Forces or the Foreign Service or dependents of such members).
**(c) Currencies which may be used** The foreign currencies which may be used under this section are United States-owned excess foreign currencies that are in excess of amounts necessary for satisfaction of preexisting commitments to use such currencies for other purposes specified by law.
**(d) Where currencies may be used** Foreign currencies may be used under this section in the country where such currencies are held or in other foreign countries.
**(e) Nonapplicability of other provisions of law** Foreign currencies may be used under this section 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.
**(f) Requirement for appropriations action** The authority of this section may be exercised only to such extent or in such amount as may be provided in adva
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Source file: Laws/federal/codes/united-states-code/title-22/section-5402-certain-uses-of-excess-foreign-currencies--2ba8931614.md
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Source location: Title 22, Chapter 63, § 5402; chapter-063-support-for-east-european-democracy-seed.md
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**(a) Authority to use** During fiscal year 1990, the Administrator of the Agency for International Development may use, for the purposes described in subsection (b), such sums of foreign currencies described in subsection (c) as the Administrator may determine, subject to subsection (f).
**(b) Purposes for which currency may be used** Foreign currencies may be used under this section—
(1) for the same purposes for which assistance may be provided under part I of the Foreign Assistance Act of 1961 ([22 U.S.C. 2151](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2151&num=0&edition=prelim) and following; relating to economic assistance), and
(2) for the support of any institution providing education for a significant number of United States nationals (who may include members of the United States Armed Forces or the Foreign Service or dependents of such members).
**(c) Currencies which may be used** The foreign currencies which may be used under this section are United States-owned excess foreign currencies that are in excess of amounts necessary for satisfaction of preexisting commitments to use such currencies for other purposes specified by law.
**(d) Where currencies may be used** Foreign currencies may be used under this section in the country where such currencies are held or in other foreign countries.
**(e) Nonapplicability of other provisions of law** Foreign currencies may be used under this section 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.
**(f) Requirement for appropriations action** The authority of this section may be exercised only to such extent or in such amount as may be provided in advance in an appropriation Act.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—** Foreign credits (including currencies) owed to or owned by the United States may be used by any agency for any purpose for which appropriations are made for the agency for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), but only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency.
**(b) Exception to Reimbursement Requirement.—** Credits described in subsection (a) that are received as exchanged allowances, or as the proceeds of the sale of personal property, may be used in whole or partial payment for the acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1306
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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
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General banking business; use of mails; publication of documents, reports, contracts, etc.; use of assets and allocated or borrowed money; payment of dividends; medium-term financing; dissemination of information; enhancement of medium-term program**
(1) There is created a corporation with the name Export-Import Bank of the United States, which shall be an agency of the United States of America. The objects and purposes of the Bank shall be to aid in financing and to facilitate exports of goods and services, imports, and the exchange of commodities and services between the United States or any of its territories or insular possessions and any foreign country or the agencies or nationals of any such country, and in so doing to contribute to the employment of United States workers. The Bank’s objective in authorizing loans, guarantees, insurance, and credits shall be to contribute to maintaining or increasing employment of United States workers. In connection with and in furtherance of its objects and purposes, the bank is authorized and empowered to do a general banking business except that of circulation; to receive deposits; to purchase, discount, rediscount, sell, and negotiate, with or without its endorsement or guaranty, and to guarantee notes, drafts, checks, bills of exchange, acceptances, including bankers’ acceptances, cable transfers, and other evidences of indebtedness; to guarantee, insure, coinsure, and reinsure against political and credit risks of loss; to purchase, sell, and guarantee securities but not to purchase with its funds any stock in any other corporation except that it may acquire any such stock through the enforcement of any lien or pledge or otherwise to satisfy a previously contracted indebtedness to it; to accept bills and drafts draw
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 635
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Federal law — U.S. Code and appendices · legal_authorities
Page 532
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2151
Sec.
2394a.
Extortion and illegal payments to offi-
cials of foreign countries receiving
international security assistance.
2394b.
HELP Commission.
2394c.
Information on covered United States
foreign assistance programs.
2395.
General authorities.
2395a.
International
agreements
concerning
debt relief; transmittal to congres-
sional committees.
2396.
Availability of funds.
2396a.
Property Management Fund.
2396b.
USAID Buying Power Maintenance Ac-
count.
2397.
Administrative expenses.
2398.
Assistance to countries pursuant to
other statutes.
2399 to 2399a. Repealed or Transferred.
2399b.
False claims and ineligible commodities.
2399c.
Coordination of policies and programs.
2399d.
Shipping differential.
PART III—MISCELLANEOUS PROVISIONS
2401.
Effective date; identification of pro-
grams.
2402.
Saving provisions.
2403.
Definitions.
2404.
Unexpended balances.
2405.
Separability.
2406.
Development programs for dependable
fuel supplies.
2407.
Special authorization for use of foreign
currencies.
2408.
Repealed.
2409.
Use of United States Armed Forces.
2410, 2410a.
Repealed.
2411.
Limitation upon exercise of special au-
thorities.
2412.
Limitation on foreign assistance appro-
priations.
2413.
Changes in allocation of foreign assist-
ance.
2414.
Presidential findings and determina-
tions.
2414a.
Annual report to Congress on voting
practices at United Nations.
2415.
Annual military assistance report.
2416.
Annual foreign military training report.
2417 to 2419.
Repealed.
2420.
Police training prohibition.
2421.
Trade and Development Agency.
2421a.
Capital projects office within Agency for
International Development.
2421b.
Capital projects for
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2151
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Federal law — U.S. Code and appendices · legal_authorities
Page 1654
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 5402
to the Secretary of Commerce. This authority is to be
exercised in consultation with the SEED Program Co-
ordinator and in consultation with other agencies as
appropriate.
SEC. 4. Department of the Treasury. The functions con-
ferred upon the President by section 104 of the Act [22
U.S.C. 5414] regarding debt reduction of certain East
European countries are hereby delegated to the Sec-
retary of the Treasury. The Secretary shall consult, as
appropriate, with other relevant agencies in exercising
the functions herein delegated.
GEORGE BUSH.
§ 5402. Scope of authority
(a) General authorization
The President is authorized to conduct activi-
ties for any East European country that are
similar to any activity authorized by this chap-
ter to be conducted in Poland or Hungary (ex-
cluding those authorized by section 5412 of this
title or the amendments made by sections 301
and 304) if such similar activities would effec-
tively promote a transition to market-oriented
democracy.
(b) Administration of justice programs
In order to strengthen the administration of
justice in East European countries, the Presi-
dent may exercise the same authorities with re-
spect to those countries as are available under
section 2346c of this title, subject to the limita-
tions and requirements of that section, other
than subsection (c) and the last two sentences of
subsection (e).
(c) ‘‘East European country’’ defined
For purposes of this chapter, the term ‘‘East
European country’’ includes Albania, Bulgaria,
the Czech and Slovak Federal Republic, Estonia,
Hungary, Latvia, Lithuania, Poland, Romania,
and states that were part of the former Socialist
Federal Republic of Yugoslavia.
(Pub. L. 101–179, § 3, as ad
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 5402
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