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22 U.S.C. § 2296a — Economic assistance

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

22 U.S.C. § 2296a — Economic assistance

Page 771 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2296b § 2296. United States assistance to promote rec- onciliation and recovery from regional con- flicts (a) Purpose of assistance The purposes of assistance under this section include— (1) the creation of the basis for reconcili- ation between belligerents; (2) the promotion of economic development in areas of the countries of the South Caucasus and Central Asia impacted by civil conflict and war; and (3) the encouragement of broad regional co- operation among countries of the South Caucasus and Central Asia that have been de- stabilized by internal conflicts. (b) Authorization for assistance (1) In general To carry out the purposes of subsection (a), the President is authorized to provide humani- tarian assistance and economic reconstruction assistance for the countries of the South Caucasus and Central Asia to support the ac- tivities described in subsection (c). (2) Definition of humanitarian assistance In this subsection, the term ‘‘humanitarian assistance’’ means assistance to meet humani- tarian needs, including needs for food, medi- cine, medical supplies and equipment, edu- cation, and clothing. (c) Activities supported Activities that may be supported by assistance under subsection (b) include— (1) providing for the humanitarian needs of victims of the conflicts; (2) facilitating the return of refugees and in- ternally displaced persons to their homes; and (3) assisting in the reconstruction of residen- tial and economic infrastructure destroyed by war. (Pub. L. 87–195, pt. I, § 499, as added Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 596(b)], Nov. 29, 1999, 113 Stat. 1535, 1501A–123.) Editorial Notes PRIOR PROVISIONS A prior section 2296, Pub. L. 87–195, pt. I, § 499,

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Stable record: federal_law:legal_authorities:usc2024-cdf7a0edea67672345d7c4a7
Source file: Laws/federal/codes/united-states-code-2024/title-22/section-2296a-economic-assistance--9a283bae9a.md
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Source location: USCODE-2024-title22-chap32-subchapI-partXII-sec2296a.pdf

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Page 771 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2296b § 2296. United States assistance to promote rec- onciliation and recovery from regional con- flicts (a) Purpose of assistance The purposes of assistance under this section include— (1) the creation of the basis for reconcili- ation between belligerents; (2) the promotion of economic development in areas of the countries of the South Caucasus and Central Asia impacted by civil conflict and war; and (3) the encouragement of broad regional co- operation among countries of the South Caucasus and Central Asia that have been de- stabilized by internal conflicts. (b) Authorization for assistance (1) In general To carry out the purposes of subsection (a), the President is authorized to provide humani- tarian assistance and economic reconstruction assistance for the countries of the South Caucasus and Central Asia to support the ac- tivities described in subsection (c). (2) Definition of humanitarian assistance In this subsection, the term ‘‘humanitarian assistance’’ means assistance to meet humani- tarian needs, including needs for food, medi- cine, medical supplies and equipment, edu- cation, and clothing. (c) Activities supported Activities that may be supported by assistance under subsection (b) include— (1) providing for the humanitarian needs of victims of the conflicts; (2) facilitating the return of refugees and in- ternally displaced persons to their homes; and (3) assisting in the reconstruction of residen- tial and economic infrastructure destroyed by war. (Pub. L. 87–195, pt. I, § 499, as added Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 596(b)], Nov. 29, 1999, 113 Stat. 1535, 1501A–123.) Editorial Notes PRIOR PROVISIONS A prior section 2296, Pub. L. 87–195, pt. I, § 499, as added Pub. L. 102–391, title V, § 594(a), Oct. 6, 1992, 106 Stat. 1692, authorized reduction of certain debts owed to the United States, prior to repeal by Pub. L. 102–549, title VI, § 602(b), Oct. 28, 1992, 106 Stat. 3669. Executive Documents DELEGATION OF FUNCTIONS For delegation of functions of President under this section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title. § 2296a. Economic assistance (a) Purpose of assistance The purpose of assistance under this section is to foster economic growth and development, in- cluding the conditions necessary for regional economic cooperation, in the South Caucasus and Central Asia. (b) Authorization for assistance To carry out the purpose of subsection (a), the President is authorized to provide assistance for the countries of the South Caucasus and Central Asia to support the activities described in sub- section (c). (c) Activities supported In addition to the activities described in sec- tion 2295 of this title, activities supported by as- sistance under subsection (b) should support the development of the structures and means nec- essary for the growth of private sector econo- mies based upon market principles. (Pub. L. 87–195, pt. I, § 499A, as added Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 596(b)], Nov. 29, 1999, 113 Stat. 1535, 1501A–124.) Executive Documents DELEGATION OF FUNCTIONS For delegation of functions of President under this section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title. § 2296b. Development of infrastructure (a) Purpose of programs The purposes of programs under this section include— (1) to develop the physical infrastructure necessary for regional cooperation among the countries of the South Caucasus and Central Asia; and (2) to encourage closer economic relations and to facilitate the removal of impediments to cross-border commerce among those coun- tries and the United States and other devel- oped nations. (b) Authorization for programs To carry out the purposes of subsection (a), the following types of programs for the coun- tries of the South Caucasus and Central Asia may be used to support the activities described in subsection (c): (1) Activities by the Export-Import Bank to complete the review process for eligibility for financing under the Export-Import Bank Act of 1945 [12 U.S.C. 635 et seq.]. (2) The provision of insurance, reinsurance, financing, or other assistance by the United States International Development Finance Corporation. (3) Assistance under section 2421 of this title (relating to the Trade and Development Agen- cy). (c) Activities supported Activities that may be supported by programs under subsection (b) include promoting actively the participation of United States companies and investors in the planning, financing, and construction of infrastructure for communica- tions, transportation, including air transpor- tation, and energy and trade including high- ways, railroads, port facilities, shipping, bank- ing, insurance, telecommunications networks, and gas and oil pipelines. (Pub. L. 87–195, pt. I, § 499B, as added Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 596(b)], Nov.

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

12 U.S.C. § 635 — Powers and functions of Bank

**(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

12 U.S.C. § 635 — Powers and functions of Bank

Page 198 TITLE 12—BANKS AND BANKING § 635 (1) an act of war, insurrection, or civil strife; or (2) an action by a foreign government or in- strumentality (whether de jure or de facto) in the country in which the branch is located; unless the member bank has expressly agreed in writing to repay the deposit under those cir- cumstances. (b) Regulations The Board and the Comptroller of the Cur- rency may jointly prescribe such regulations as they deem necessary to implement this section. (Dec. 23, 1913, ch. 6, § 25C, as added Pub. L. 103–325, title III, § 326(a), Sept. 23, 1994, 108 Stat. 2229.) Editorial Notes CODIFICATION Section was enacted as section 25C of the Federal Re- serve Act, and not as part of section 25A of that Act which comprises this subchapter. Statutory Notes and Related Subsidiaries EXISTING CLAIMS NOT AFFECTED Pub. L. 103–325, title III, § 326(c), Sept. 23, 1994, 108 Stat. 2229, provided that: ‘‘Section 25C of the Federal Reserve Act [this section] (as added by subsection (a)) shall not be applied retroactively and shall not be con- strued to affect or apply to any claim or cause of action addressed by that section arising from events or cir- cumstances that occurred before the date of enactment of this Act [Sept. 23, 1994].’’ CHAPTER 6A—EXPORT-IMPORT BANK OF THE UNITED STATES SUBCHAPTER I—GENERAL PROVISIONS Sec. 635. Powers and functions of Bank. 635a. Management of Bank. 635a–1. Export credit competition. 635a–2. Implementation of regulations and proce- dures to lessen adverse effect of loans and guarantees on industries in United States; report by United States International Trade Commission; written consideration of views of adversely affected parties. 635a–3. Export-Import Bank financing to match for- eign finan

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 635

Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 635. This identifies an authority to review, not proof of applicability.

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

22 U.S.C. § 2296a — Economic assistance

**(a) Purpose of assistance** The purpose of assistance under this section is to foster economic growth and development, including the conditions necessary for regional economic cooperation, in the South Caucasus and Central Asia. **(b) Authorization for assistance** To carry out the purpose of subsection (a), the President is authorized to provide assistance for the countries of the South Caucasus and Central Asia to support the activities described in subsection (c). **(c) Activities supported** In addition to the activities described in [section 2295 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2295&num=0&edition=prelim), activities supported by assistance under subsection (b) should support the development of the structures and means necessary for the growth of private sector economies based upon market principles.

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2296a

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