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12 U.S.C. § 3901 — Congressional declaration of policy
Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) It is the policy of the Congress to assure that the economic health and stability of the United States and the other nations of the world shall not be adversely affected or threatened in the future by imprudent lending practices or inadequate supervision.
(2) This shall be achieved by strengthening the bank regulatory framework to encourage prudent private decisionmaking and by enhancing international coordination among bank regulatory authorities.
**(b)** The Federal banking agencies shall consult with the banking supervisory authorities of other countries to reach understandings aimed at achieving the adoption of effective and consistent supervisory policies and practices with respect to international lending.
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Source file: Laws/federal/codes/united-states-code/title-12/section-3901-congressional-declaration-of-policy--1ce3ce2769.md
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Source location: Title 12, Chapter 40, § 3901; chapter-040-international-lending-supervision.md
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**(a)**
(1) It is the policy of the Congress to assure that the economic health and stability of the United States and the other nations of the world shall not be adversely affected or threatened in the future by imprudent lending practices or inadequate supervision.
(2) This shall be achieved by strengthening the bank regulatory framework to encourage prudent private decisionmaking and by enhancing international coordination among bank regulatory authorities.
**(b)** The Federal banking agencies shall consult with the banking supervisory authorities of other countries to reach understandings aimed at achieving the adoption of effective and consistent supervisory policies and practices with respect to international lending.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Policy and general authorities**
(1) **Statements of policy**
(A) International narcotics trafficking poses an unparalleled transnational threat in today’s world, and its suppression is among the most important foreign policy objectives of the United States.
(B) Under the Single Convention on Narcotic Drugs, 1961, and under the United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances, the parties are required to criminalize certain drug-related activities, provide appropriately severe penalties, and cooperate in the extradition of accused offenders.
(C) International narcotics control programs should include, as priority goals, the suppression of the illicit manufacture of and trafficking in narcotic and psychotropic drugs, money laundering, and precursor chemical diversion, and the progressive elimination of the illicit cultivation of the crops from which narcotic and psychotropic drugs are derived.
(D) International criminal activities, particularly international narcotics trafficking, money laundering, and corruption, endanger political and economic stability and democratic development, and assistance for the prevention and suppression of international criminal activities should be a priority for the United States.
(E) The international community should provide assistance, where appropriate, to those producer and transit countries which require assistance in discharging these primary obligations.
(F) The objective of the United States in dealing with the problem of international money laundering is to ensure that countries adopt comprehensive domestic measures against money laundering and cooperate with each other in narcotics money laundering investigations, prosecutions, and related forfeiture actions.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2291
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Each appropriate Federal banking agency shall review the exposure to risk of United States banking institutions arising from the medium- and long-term loans made by such institutions that are outstanding to any highly indebted country. Each agency shall provide direction to such institutions regarding additions to general reserves maintained by each banking institution for potential loan losses and special reserves required by such agency arising from such review.
**(b) Determination of institutional exposure to risk** In determining the exposure of an institution to risk for purposes of subsection (a), the appropriate Federal banking agency—
(1) shall determine whether any country exposure that is, and has been for at least 2 years, rated in the category “Other Transfer Risk Problems” or the category “Substandard” by the Interagency Country Exposure Review Committee should be reevaluated;
(2) may exempt, in full or in part, from reserve requirements established pursuant to subsection (a), any loan—
(A) to a country that enters into a debt reduction, debt service reduction, or financing program with its bank creditors that is supported by the International Bank for Reconstruction and Development or the International Monetary Fund; or
(B) secured, in whole or in part, by appropriate collateral for payment of interest or principal;
(3) take into account any other factors which bear on such exposure and the particular circumstances of the institution; and
(4) shall consider as indicators of risk, where appropriate, the average reserve levels maintained by or required of banking institutions in foreign countries and secondary market prices for such loans.
**(c) Timing and report**
(1) **Determined by agency** — Except as provided in paragraph
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 3904a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1574
TITLE 12—BANKS AND BANKING
§ 3901
1 See References in Text note below.
Sec.
3902.
Definitions.
3903.
Strengthened supervision of international
lending.
3904.
Reserves.
3904a.
Additional reserve requirements.
3905.
Accounting for fees on international loans.
3906.
Collection and disclosure of international
lending data.
3907.
Capital adequacy.
3908.
Foreign loan evaluations.
3909.
General authorities.
3910.
Audit authority of Government Account-
ability Office.
3911.
Equal representation for Federal Deposit In-
surance Corporation and the Office of Thrift
Supervision.
3912.
Repealed.
§ 3901. Congressional declaration of policy
(a)(1) It is the policy of the Congress to assure
that the economic health and stability of the
United States and the other nations of the world
shall not be adversely affected or threatened in
the future by imprudent lending practices or in-
adequate supervision.
(2) This shall be achieved by strengthening the
bank regulatory framework to encourage pru-
dent private decisionmaking and by enhancing
international coordination among bank regu-
latory authorities.
(b) The Federal banking agencies shall consult
with the banking supervisory authorities of
other countries to reach understandings aimed
at achieving the adoption of effective and con-
sistent supervisory policies and practices with
respect to international lending.
(Pub. L. 98–181, title I [title IX, § 902], Nov. 30,
1983, 97 Stat. 1278.)
Statutory Notes and Related Subsidiaries
SHORT TITLE OF 1989 AMENDMENT
Pub. L. 101–240, title IV, § 401, Dec. 19, 1989, 103 Stat.
2501, provided that: ‘‘This title [enacting section 3904a
of this title and enacting provisions set out as notes
under section 3904a of this title and section 2291 of Ti
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 3901
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