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7 U.S.C. § 5625 — Combination of programs

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 5625 — Combination of programs

The Commodity Credit Corporation may carry out a program under which commercial export credit guarantees available under [section 5622 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5622&num=0&edition=prelim) are combined with direct credits from the Commodity Credit Corporation under [section 5621 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5621&num=0&edition=prelim) to reduce the effective rate of interest on export sales of agricultural commodities.

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Source file: Laws/federal/codes/united-states-code/title-7/section-5625-combination-of-programs--c0c11896af.md
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Source location: Title 7, Chapter 87, § 5625; chapter-087-export-promotion.md

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 5622 — Export credit guarantee program

**(a) Short-term credit guarantees** The Commodity Credit Corporation may guarantee the repayment of credit made available to finance commercial export sales of agricultural commodities, including processed agricultural products and high-value agricultural products, from privately owned stocks on credit terms that do not exceed a 24-month period. **(b) Purpose of program** The Commodity Credit Corporation may use export credit guarantees authorized under this section— (1) to increase exports of agricultural commodities; (2) to compete against foreign agricultural exports; (3) to assist countries in meeting their food and fiber needs, particularly— (A) developing countries; and (B) countries that are emerging markets that have committed to carry out, or are carrying out, policies that promote economic freedom, private domestic production of food commodities for domestic consumption, and the creation and expansion of efficient domestic markets for the purchase and sale of agricultural commodities; and (4) for such other purposes as the Secretary determines appropriate. **(c) Restrictions on use of credit guarantees** Export credit guarantees authorized by this section shall not be used for foreign aid, foreign policy, or debt rescheduling purposes. The provisions of the cargo preference laws shall not apply to export sales with respect to which credit is guaranteed under this section. **(d) Restrictions** The Commodity Credit Corporation shall not make credit guarantees available in connection with sales of agricultural commodities to any obligor that the Secretary determines cannot adequately service the debt associated with such sale. **(e) Terms** Export credit guarantees issued pursuant to this section shall contain such terms and conditions as the Commo

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 5621 — Direct credit sales program

**(a) Short-term program** To promote the sale of agricultural commodities, the Commodity Credit Corporation may finance the commercial export sale of such commodities from privately owned stocks on credit terms for not to exceed a 3-year period. **(b) Intermediate-term program** Subject to subsection (c), to promote the sale of agricultural commodities the Commodity Credit Corporation may finance the commercial export sales of agricultural commodities from privately owned stocks on credit terms for a period of not less than 3 years nor in excess of 10 years in a manner that will directly benefit United States agricultural producers. **(c) Determinations** The Commodity Credit Corporation shall not finance an export sale under subsection (b) unless the Secretary determines that such sale will— (1) develop, expand, or maintain the importing country as a foreign market, on a long-term basis, for the commercial sale and export of United States agricultural commodities, without displacing normal commercial sales; (2) improve the capability of the importing country to purchase and use, on a long-term basis, United States agricultural commodities; or (3) otherwise promote the export of United States agricultural commodities. The reference in paragraphs (1) and (2) to “on a long-term basis” shall not apply in the case of determinations with respect to sales to the independent states of the former Soviet Union. **(d) Use of program** (1) **General uses** — The Commodity Credit Corporation may use export sales financing authorized under this section— (A) to increase exports of agricultural commodities; (B) to compete against foreign agricultural exports; (C) to assist countries in meeting their food and fiber needs, particularly— (i) developing countries; an

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 5625 — Combination of programs

Page 1768 TITLE 7—AGRICULTURE § 5624 § 5624. Barter of agricultural commodities (a) In general The Secretary or the Commodity Credit Cor- poration may provide eligible commodities in barter for foreign products under such terms and conditions as the Secretary or the Corporation shall prescribe. (b) Eligible commodities Unless otherwise specified, eligible commod- ities shall include— (1) agricultural commodities acquired by the Commodity Credit Corporation through price support operations; and (2) agricultural commodities acquired by the Secretary or the Commodity Credit Corpora- tion in the normal course of business and available for disposition. (c) Barter by exporters of agricultural commod- ities (1) Purpose The Secretary or the Commodity Credit Cor- poration shall encourage exporters of agricul- tural commodities to barter such commodities for foreign products— (A) to acquire such foreign products need- ed by such exporters; and (B) to develop, maintain, or expand foreign markets for United States agricultural ex- ports. (2) Eligible activities The Secretary or the Commodity Credit Cor- poration may provide eligible commodities to exporters to assist such exporters in barter transactions. (3) Technical assistance The Secretary or the Commodity Credit Cor- poration shall provide technical advice and as- sistance relating to the barter of agricultural commodities to any United States exporter who requests such advice or assistance. (d) Transfer of foreign products to other Govern- ment agencies The Secretary or the Commodity Credit Cor- poration may transfer any foreign products that the Secretary or such Corporation obtains through barter activities to other Government agencies if the Corporation receives assurances that it will recei

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