Browse Arkansas Code titles and sections
7 U.S.C. § 1691a — Food aid to developing countries
Federal law — U.S. Code and appendices · legal_authorities
Page 958
TITLE 7—AGRICULTURE
§ 1691a
a note under this section, and was revoked by section
1–502(b) of Ex. Ord. No. 12220, June 27, 1980, 45 F.R. 44247,
formerly set out below.
EXECUTIVE ORDER NO. 10900
Ex. Ord. No. 10900, Jan. 5, 1961, 26 F.R. 143, as amended
by Ex. Ord. No. 10915, Jan. 24, 1961, 26 F.R. 781; Ex. Ord.
No. 10972, Nov. 3, 1961, 26 F.R. 10469; Ex. Ord. No. 11036,
July 1, 1962, 27 F.R. 6653; Ex. Ord. No. 11051, Sept. 27,
1962, 27 F.R. 9683; Ex. Ord. No. 11963, Jan. 19, 1977, 42
F.R. 4325; Ex. Ord. No. 12148, July 20, 1979, 44 F.R. 43239;
Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, which re-
lated to the delegation of administrative functions, was
revoked by section 1–501 of Ex. Ord. No. 12220, June 27,
1980, 45 F.R. 44247, formerly set out below.
EXECUTIVE ORDER NO. 11252
Ex. Ord. No. 11252, Oct. 20, 1965, 30 F.R. 13507, as
amended by Ex. Ord. No. 12527, Aug. 7, 1985, 50 F.R.
32157, which transferred to the Secretary of State all
functions of the Director of the Food-For-Peace Pro-
gram, was revoked by Ex. Ord. No. 12553, Feb. 25, 1986,
51 F.R. 7237.
EXECUTIVE ORDER NO. 12220
Ex. Ord. No. 12220, June 27, 1980, 45 F.R. 44245, which
provided for delegation of administrative functions re-
lating to agricultural trade development, was revoked
by section 6 of Ex. Ord. No. 12752, Feb. 25, 1991, 56 F.R.
8256, set out below.
EX. ORD. NO. 12752. IMPLEMENTATION OF AGRICULTURAL
TRADE DEVELOPMENT AND ASSISTANCE ACT OF 1954, AS
AMENDED, AND FOOD FOR PROGRESS ACT OF 1985, AS
AMENDED
Ex. Ord. No. 12752, Feb. 25, 1991, 56 F.R. 8255, as
amended by Ex. Ord. No. 13044, Apr. 18, 1997, 62 F.R.
19665, provided:
By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the Agricult
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Page 958
TITLE 7—AGRICULTURE
§ 1691a
a note under this section, and was revoked by section
1–502(b) of Ex. Ord. No. 12220, June 27, 1980, 45 F.R. 44247,
formerly set out below.
EXECUTIVE ORDER NO. 10900
Ex. Ord. No. 10900, Jan. 5, 1961, 26 F.R. 143, as amended
by Ex. Ord. No. 10915, Jan. 24, 1961, 26 F.R. 781; Ex. Ord.
No. 10972, Nov. 3, 1961, 26 F.R. 10469; Ex. Ord. No. 11036,
July 1, 1962, 27 F.R. 6653; Ex. Ord. No. 11051, Sept. 27,
1962, 27 F.R. 9683; Ex. Ord. No. 11963, Jan. 19, 1977, 42
F.R. 4325; Ex. Ord. No. 12148, July 20, 1979, 44 F.R. 43239;
Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, which re-
lated to the delegation of administrative functions, was
revoked by section 1–501 of Ex. Ord. No. 12220, June 27,
1980, 45 F.R. 44247, formerly set out below.
EXECUTIVE ORDER NO. 11252
Ex. Ord. No. 11252, Oct. 20, 1965, 30 F.R. 13507, as
amended by Ex. Ord. No. 12527, Aug. 7, 1985, 50 F.R.
32157, which transferred to the Secretary of State all
functions of the Director of the Food-For-Peace Pro-
gram, was revoked by Ex. Ord. No. 12553, Feb. 25, 1986,
51 F.R. 7237.
EXECUTIVE ORDER NO. 12220
Ex. Ord. No. 12220, June 27, 1980, 45 F.R. 44245, which
provided for delegation of administrative functions re-
lating to agricultural trade development, was revoked
by section 6 of Ex. Ord. No. 12752, Feb. 25, 1991, 56 F.R.
8256, set out below.
EX. ORD. NO. 12752. IMPLEMENTATION OF AGRICULTURAL
TRADE DEVELOPMENT AND ASSISTANCE ACT OF 1954, AS
AMENDED, AND FOOD FOR PROGRESS ACT OF 1985, AS
AMENDED
Ex. Ord. No. 12752, Feb. 25, 1991, 56 F.R. 8255, as
amended by Ex. Ord. No. 13044, Apr. 18, 1997, 62 F.R.
19665, provided:
By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the Agricultural Trade Develop-
ment and Assistance Act of 1954 [now Food for Peace
Act, 7 U.S.C. 1691 et seq.], as amended by Public Law
101–624 (‘‘Agricultural Trade Development Act’’), the
Food for Progress Act of 1985 [7 U.S.C. 1736o], as amend-
ed by Public Law 101–624 (‘‘Food for Progress Act’’), and
section 301 of title 3 of the United States Code, it is
hereby ordered as follows:
SECTION 1. Establishment of Programs. There is hereby
established:
(a) a program under title I of the Agricultural Trade
Development Act [7 U.S.C. 1701 et seq.] to provide for
the sale of agricultural commodities to developing
countries and private entities. Such program shall be
implemented by the Secretary of Agriculture (hereafter
referred to as the ‘‘Secretary’’).
(b) a program under title II of the Agricultural Trade
Development Act [7 U.S.C. 1721 et seq.] to provide for
the donation of agricultural commodities to foreign
countries. Such program shall be implemented by the
Administrator of the Agency for International Develop-
ment (hereafter referred to as the ‘‘Administrator’’).
(c) a program under title III of the Agricultural Trade
Development Act [7 U.S.C. 1727 et seq.] to provide for
the donation of agricultural commodities to least de-
veloped countries. Such program shall be implemented
by the Administrator.
SEC. 2. International Negotiations and Accounting for
Foreign Currencies. (a) The Secretary with respect to
title I, and the Administrator with respect to titles II
and III of the Agricultural Trade Development Act,
shall negotiate and execute agreements under the Agri-
cultural Trade Development Act in accord with section
112b of title I [sic] of the United States Code and appli-
cable regulations and procedures of the Department of
State.
(b)(1) Foreign currencies that accrue to the United
States under titles I and III of the Agricultural Trade
Development Act may be used for the purposes set
forth in section 104 and section 306 of that Act [7 U.S.C.
1704, 1727e], respectively, in amounts consistent with
applicable provisions of law and agreements. Such for-
eign currencies shall be subject to regulations of the
Department of the Treasury governing the purchase,
custody, deposit, transfer, and sale of foreign cur-
rencies received under the Agricultural Trade Develop-
ment Act.
(2) The Director of the Office of Management and
Budget (hereafter referred to as the ‘‘Director’’) shall
determine the amount of foreign currencies to be used
for the purposes of section 104(c)(8) of the Agricultural
Trade Development Act, and such purposes shall be car-
ried out by the agencies with authority to pay the obli-
gations abroad. The purposes of the remaining para-
graphs of section 104(c) of that Act shall be carried out
by the Department of Agriculture, utilizing, where ap-
propriate, the expertise of other agencies.
(3) The Secretary and Administrator shall transmit
the reports required by the provisions of paragraph 5 of
the Act of August 13, 1957 (71 Stat. 345; 7 U.S.C. 1704a),
as related to the use of foreign currencies accruing
under title I and title III of the Agricultural Trade De-
velopment Act, respectively.
SEC. 3. Policy Coordination. (a) To ensure policy co-
ordination of assistance provided under the Agricul-
tural Trade Development Act and the Food for Progress
Act, there is hereby established a Food Assistance Pol-
icy Council (hereafter referred to as the ‘‘Council’’).
(b) The Council will include senior representatives of
the Department of Agriculture, the Agency for Inter-
national Development, the Department of State, and
the Office of Management and Budget. Meetings of the
Council shall be called by the Secretary or his designee
at the request of any senior representative of the Coun-
cil.
(c) The Council shall advise the President on appro-
priate policies under the Agricultural Trade Develop-
ment Act and the Food for Progress Act and shall co-
ordinate decisions on allocations and other policy
issues, as well as prepare the report required by section
407(g)(1) of the Agricultural Trade Development Act [7
U.S.C. 1736a(g)(1)].
(d) As necessary for effective coordination, the Coun-
cil shall provide its advice to the President through the
appropriate Cabinet-level body.
SEC. 4. Delegation of Responsibilities. (a) The function
conferred upon the President in section 403(j) of the Ag-
ricultural Trade Development Act [7 U.S.C. 1733(j)] is
hereby delegated to the Secretary of State.
(b) The functions conferred upon the President by
section 411 of the Agricultural Trade Development Act
[7 U.S.C. 1736e] are hereby delegated to the Secretary,
in consultation with the Council and the Department of
the Treasury.
(c) The functions conferred upon the President by
section 412(c) of the Agricultural Trade Development
Act [7 U.S.C. 1736f(c)] are hereby delegated to the Direc-
tor, who shall consult with the Council on these func-
tions.
(d) The functions conferred upon the President by
title V of the Agricultural Trade Development Act [7
U.S.C. 1737] are hereby delegated to the Administrator.
(e) The functions conferred upon the President by the
Food for Progress Act, as amended [7 U.S.C. 1736o], are
hereby delegated to the Secretary.
SEC. 5. Regulatory Review. Policies, regulations, and
analyses required by this Executive order shall be fully
consistent with the standards and criteria, analyses
and procedures set forth in Executive Order Nos. 12291
and 12498 [formerly 5 U.S.C. 601 notes].
SEC. 6. Revocations. Executive Order No. 12220 of June
27, 1980, and Executive Order No. 12583 of February 19,
1987, are revoked.
§ 1691a. Food aid to developing countries
(a) Policy
In light of the Uruguay Round Agreement on
Agriculture and the Ministerial Decision on
Page 959
TITLE 7—AGRICULTURE
§§ 1693 to 1697
Measures Concerning the Possible Negative Ef-
fects of the Reform Program on Least-Developed
and Net-Food Importing Developing Countries,
the United States reaffirms the commitment of
the United States to providing food aid to devel-
oping countries.
(b) Sense of Congress
It is the sense of Congress that—
(1) in negotiations at the Food Aid Conven-
tion, the World Trade Organization, the
United Nations Food and Agriculture Organi-
zation, and other appropriate venues, the
President shall—
(A) seek commitments of higher levels of
food aid by donors in order to meet the le-
gitimate needs of developing countries;
(B) ensure, to the maximum extent prac-
ticable, that humanitarian nongovernmental
organizations,
recipient
country
govern-
ments, charitable bodies, and international
organizations shall continue—
(i) to be eligible to receive resources
based on assessments of need conducted by
those organizations and entities; and
(ii) to implement food aid programs in
agreements with donor countries; and
(C) ensure, to the maximum extent prac-
ticable, that options for providing food aid
for emergency and nonemergency needs
shall not be subject to limitation, including
in-kind commodities, provision of funds for
agricultural commodity procurement, and
monetization of commodities, on the condi-
tion that the provision of those commodities
or funds—
(i) is based on assessments of need and
intended to benefit the food security of, or
otherwise assist, recipients, and
(ii) is provided in a manner that avoids
disincentives to local agricultural produc-
tion and marketing and with minimal po-
tential for disruption of commercial mar-
kets; and
(2) the United States should increase its con-
tribution of bona fide food assistance to devel-
oping countries consistent with the Agree-
ment on Agriculture.
(July 10, 1954, ch. 469, § 3, as added Pub. L. 94–161,
title II, § 202, Dec. 20, 1975, 89 Stat. 851; amended
Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104
Stat. 3633; Pub. L. 104–127, title II, § 201(a), Apr.
4, 1996, 110 Stat. 951; Pub. L. 110–246, title III,
§ 3003, June 18, 2008, 122 Stat. 1821.)
Editorial Notes
AMENDMENTS
2008—Subsec. (b). Pub. L. 110–246 reenacted introduc-
tory provisions without change, added par. (1), and
struck out former par. (1) which read as follows: ‘‘the
President should initiate consultations with other
donor nations to consider appropriate levels of food aid
commitments to meet the legitimate needs of devel-
oping countries; and’’.
1996—Pub. L. 104–127 substituted ‘‘Food aid to devel-
oping countries’’ for ‘‘Global food aid needs’’ in section
catchline and amended text generally. Prior to amend-
ment, text read as follows: ‘‘In view of the principal
findings of the National Research Council of the Na-
tional Academy of Sciences that doubling food aid
above 1990 levels of about 10,000,000 metric tons per year
would be necessary to meet projected global food needs
throughout the decade of the nineties, it is the sense of
Congress that the President should—
‘‘(1) increase the contributions of food aid by the
United States, and encourage other donor countries
to increase their contributions toward meeting new
food aid requirements; and
‘‘(2) encourage other advanced nations to make in-
creased food aid contributions to combat world hun-
ger and malnutrition, particularly through the ex-
pansion of international food and agricultural assist-
ance programs.’’
1990—Pub. L. 101–624 amended section generally, sub-
stituting present provisions for provisions urging Presi-
dent to maintain United States food assistance and en-
courage other countries to increase their contributions,
in order to meet annual goal of World Food Conference
of providing 10,000,000 tons of food assistance annually
for needy nations.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2008 AMENDMENT
Amendment by Pub. L. 110–246 effective May 22, 2008,
see section 4(b) of Pub. L. 110–246, set out as an Effec-
tive Date note under section 8701 of this title.
EFFECTIVE DATE OF 1990 AMENDMENT
Amendment by Pub. L. 101–624 effective Jan. 1, 1991,
see section 1513 of Pub. L. 101–624, set out as a note
under section 1691 of this title.
WORLD FOOD CONFERENCE RECOMMENDATIONS
Pub. L. 94–161, title II, § 213, Dec. 20, 1975, 89 Stat. 855,
directed the President to strengthen the efforts of the
United States to carry out the recommendations of the
World Food Conference and to submit a detailed report
to the Congress not later than Nov. 1, 1976, prior to re-
peal by Pub. L. 97–113, title VII, § 734(a)(7), Dec. 29, 1981,
95 Stat. 1560.
SUBCHAPTER I—BARTER
§ 1692. Transferred
Editorial Notes
CODIFICATION
Section, act July 10, 1954, ch. 469, title III, § 310, for-
merly § 303, 68 Stat. 459, as amended and renumbered,
which related to bartering authority of Secretary, was
transferred to section 1727g of this title.
§§ 1693 to 1697. Repealed. Pub. L. 89–808, § 2(D),
Nov. 11, 1966, 80 Stat. 1535
Section 1693, acts July 10, 1954, ch. 469, title III, § 304,
68 Stat. 459; Aug. 13, 1957, Pub. L. 85–128, § 1(6), 71 Stat.
345; Oct. 8, 1964, Pub. L. 88–638, § 1(16), 78 Stat. 1037, pro-
vided for assistance to friendly nations in being inde-
pendent of Russian or Communist Chinese trade, pre-
vention of increased availability of commodities to un-
friendly nations, and nonauthorization of transactions
with Russia or Communist China. See section 1703(j) of
this title.
Section 1694, acts July 10, 1954, ch. 469, title III, § 305,
68 Stat. 459; Sept. 21, 1959, Pub. L. 86–341, title I, § 10, 73
Stat. 607, provided for identification of packages and
containers by appropriate markings. See section 1722 of
this title.
Section 1695, act July 10, 1954, ch. 469, title III, § 306,
as added Sept. 21, 1959, Pub. L. 86–341, title I, § 11, 73
Stat. 608, provided for distribution of surplus food com-
modities to needy persons in United States: authoriza-
tion, term of program, and cost limitation; duties of
Secretary of Agriculture; issuance of food stamps and
their redemption; receipt of benefits not deemed in-
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Notice of negotiations** The Secretary of State and the Secretary of the Treasury shall, in every feasible instance, notify the designated congressional committees not less than 15 days prior to any formal negotiation for debt relief under this subchapter.
**(b) Transmittal of text of agreements** The Secretary of State shall transmit to the designated congressional committees a copy of the text of any agreement with any foreign government which would result in any debt relief under this subchapter no less than 30 days prior to its entry into force, together with a detailed justification of the interest of the United States in the proposed debt relief.
**(c) Annual report** The Secretary of State or the Secretary of the Treasury, as appropriate, shall submit to the designated congressional committees not later than February 1 of each year a consolidated statement of the budgetary implications of all debt relief agreements entered into force under this subchapter during the preceding fiscal year.
**(d) Designated congressional committees** As used in this section, the term “designated congressional committees” means the Committee on Agriculture and the Committee on Foreign Affairs of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1691
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Federal law — U.S. Code and appendices · legal_authorities
Page 956
TITLE 7—AGRICULTURE
§ 1691
Sec.
1738m.
Annual report to Congress.
1738n.
Consultations with Congress.
1738o.
Sale of qualified debt to eligible coun-
tries.
1738p.
Sale, reduction, or cancellation of quali-
fied debt to facilitate certain debt
swaps.
1738q.
Notification to congressional commit-
tees.
1738r.
‘‘Qualified debt’’ defined.
§ 1691. United States policy
It is the policy of the United States to use its
abundant agricultural productivity to promote
the foreign policy of the United States by en-
hancing the food security of the developing
world through the use of agricultural commod-
ities and local currencies accruing under this
chapter to—
(1) combat world hunger and malnutrition
and their causes;
(2) promote broad-based, equitable, and sus-
tainable development, including agricultural
development;
(3) expand international trade;
(4) foster and encourage the development of
private enterprise and democratic participa-
tion in developing countries; and
(5) prevent conflicts.
(July 10, 1954, ch. 469, § 2, 68 Stat. 454; Pub. L.
89–808, § 2(A), Nov. 11, 1966, 80 Stat. 1526; Pub. L.
94–161, title II, § 201, Dec. 20, 1975, 89 Stat. 850;
Pub. L. 99–198, title XI, § 1111(a), Dec. 23, 1985, 99
Stat. 1474; Pub. L. 101–624, title XV, § 1512, Nov.
28, 1990, 104 Stat. 3633; Pub. L. 107–171, title III,
§ 3001, May 13, 2002, 116 Stat. 280; Pub. L. 110–246,
title III, § 3002, June 18, 2008, 122 Stat. 1821.)
Editorial Notes
AMENDMENTS
2008—Pars. (4) to (6). Pub. L. 110–246 redesignated
pars. (5) and (6) as (4) and (5), respectively, and struck
out former par. (4) which read as follows: ‘‘develop and
expand export markets for United States agricultural
commodities;’’.
2002—Par. (6). Pub. L. 107–171 added par. (6).
1990—Pub. L. 10
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Federal law — U.S. Code and appendices · legal_authorities
As used in sections 1738o, 1738p, and 1738q of this title, the term “qualified debt” means any obligation, or portion of such obligation, of an eligible country to pay for purchases of United States agricultural commodities guaranteed by the Commodity Credit Corporation under export credit guarantee programs authorized pursuant to [section 714c(f) of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714c/f&num=0&edition=prelim) or section 1707a(b) 11 See References in Text note below. of this title—
(1) in which the Commodity Credit Corporation obtained a legal right or interest, as a result of assignment or subrogation, not later than September 1, 1992; and
(2) the payment of which obligation has been, not later than September 1, 1992, rescheduled in accordance with principles set forth in an Agreed Minute of the Paris Club.
Such term includes the obligation to pay any interest which was due or accrued not later than September 1, 1992, and unpaid as of the date of a debt sale pursuant to section 1738o of this title or a debt sale, reduction, or cancellation pursuant to [section 1738p of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738p&num=0&edition=prelim) (as the case may be).
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section, act July 10, 1954, ch. 469, title III, § 310, formerly § 303, 68 Stat. 459, as amended and renumbered, which related to bartering authority of Secretary, was transferred to [section 1727g of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1727g&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
Page 960
TITLE 7—AGRICULTURE
§ 1701
come or resources under provisions of other laws; avail-
ability of surplus foods for distribution; definition of
needy person; report to Congress; and authorization of
appropriations. See Supplemental Nutrition Assistance
Program classified to chapter 51 of this title.
Section 1696, act July 10, 1954, ch. 469, title III, § 307,
as added Sept. 21, 1959, Pub. L. 86–341, title I, § 12, 73
Stat. 609, provided for availability of surplus commod-
ities for distribution to needy families and persons in
United States. See Supplemental Nutrition Assistance
Program classified to chapter 51 of this title and provi-
sions of section 1721 et seq. of this title relating to do-
nations of food on a government-to-government basis
and through voluntary organizations.
Section 1697, act July 10, 1954, ch. 469, title III, § 308,
as added Sept. 21, 1959, Pub. L. 86–341, title I, § 13, 73
Stat. 609; amended Sept. 27, 1962, Pub. L. 87–703, title II,
§ 203, 76 Stat. 611, related to disposal of animal fats and
edible oils. See section 1721 et seq. of this title.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Repeal effective Jan. 1, 1967, see section 5 of Pub. L.
89–808, set out as an Effective Date of 1966 Amendment
note under section 1691 of this title.
SUBCHAPTER II—ECONOMIC ASSISTANCE
AND FOOD SECURITY
§ 1701. Economic assistance and food security
(a) In general
The President shall establish a program under
this subchapter to provide for the sale of agri-
cultural commodities to developing countries
and private entities for dollars on credit terms,
or for local currencies (including for local cur-
rencies on credit terms) for use under this sub-
chapter. Such program shall be implemented by
the Secretary.
(b)
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Priority** In selecting agreements to be entered into under this subchapter, the Secretary shall give priority to agreements providing for the export of agricultural commodities to developing countries that—
(1) are undertaking measures for economic development purposes to improve food security and agricultural development, alleviate poverty, and promote broad-based equitable and sustainable development; and
(2) demonstrate the greatest need for food.
**(b) Private entities** An agreement entered into under this subchapter with a private entity shall require such security, or such other provisions as the Secretary determines necessary, to provide reasonable and adequate assurance of repayment of the financing extended to the private entity.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1704
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Federal law — U.S. Code and appendices · legal_authorities
Page 965
TITLE 7—AGRICULTURE
§ 1704
1 See References in Text note below.
Subsec. (b). Act Aug. 3, 1956, increased from
$1,500,000,000 to $3,000,000,000 the limitation on sales.
1955—Subsec. (b). Act Aug. 12, 1955, increased from
$700,000,000 to $1,500,000,000 the limitation on sales, and
provided that this limitation shall not be apportioned
by year or by country.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1990 AMENDMENT
Amendment by Pub. L. 101–624 effective Jan. 1, 1991,
see section 1513 of Pub. L. 101–624, set out as a note
under section 1691 of this title.
EFFECTIVE DATE OF 1979 AMENDMENT
Amendment by Pub. L. 96–53 effective Oct. 1, 1979, see
section 512(a) of Pub. L. 96–53, set out as a note under
section 2151 of Title 22, Foreign Relations and Inter-
course.
EFFECTIVE DATE OF 1978 AMENDMENT
Amendment by Pub. L. 95–424 effective Oct. 1, 1978,
see section 605 of Pub. L. 95–424, set out as a note under
section 2151 of Title 22, Foreign Relations and Inter-
course.
EFFECTIVE DATE OF 1977 AMENDMENT
Amendment by Pub. L. 95–88 effective Oct. 1, 1977, see
section 215 of Pub. L. 95–88, set out as a note under sec-
tion 1702 of this title.
EFFECTIVE DATE OF 1966 AMENDMENT
Amendment by Pub. L. 89–808 effective Jan. 1, 1967,
see section 5 of Pub. L. 89–808, set out as a note under
section 1691 of this title.
EFFECTIVE DATE OF 1964 AMENDMENT
Pub. L. 88–638, § 1(5), Oct. 8, 1964, 78 Stat. 1035, pro-
vided that the amendment made by section 1(5) is effec-
tive Jan. 1, 1965.
EFFECTIVE DATE OF 1961 AMENDMENT
Pub. L. 87–128, title II, § 201(2), Aug. 8, 1961, 75 Stat.
306, provided that the amendment made by section
201(2) is effective Jan. 1, 1962.
EFFECTIVE DATE OF 1959 AMENDMENT
Pub. L. 86–341, title I, § 2, Sept. 21, 1959, 73 Stat
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1704
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Payment**
(1) **Dollars** — Except as provided in paragraph (2), agreements under this subchapter shall require that payment for agricultural commodities be made in dollars.
(2) **Local currencies**
(A) *In general* — The Secretary may permit payment under an agreement under this subchapter in the local currency of the appropriate country in order to use the proceeds from such payments to carry out activities under [section 1704 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1704&num=0&edition=prelim).
(B) *Rates of exchange* — Payments in local currency shall be at rates of exchange that are no less favorable than the highest exchange rate legally obtainable in the country and that are no less favorable than the highest exchange rate obtainable by any other country.
**(b) Interest** Such agreements shall provide that interest accrue on the payment deferred under such agreement at a concessional rate as determined appropriate by the Secretary.
**(c) Duration** Payments required under such agreements may be made in reasonable annual amounts over the period (not more than 30 years from the date of the last delivery of commodities in each year under such agreement) specified in the agreement.
**(d) Deferral of payments** The Secretary may defer the date on which the developing country or private entity is required to begin making payment, under such agreements, for a period of not in excess of 5 years after the date of the last delivery of commodities in each year under the agreement, and interest shall be computed from the date of such last delivery.
**(e) Delivery of commodities** Delivery of the commodities shall be made in accordance with the terms of the agreement.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1704a
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Federal law — U.S. Code and appendices · legal_authorities
Page 970
TITLE 7—AGRICULTURE
§ 1704a
out fiscal year limitation for the purposes of section
104(m) of that Act [former subsec. (m) of this section],
including administrative expenses directly related
thereto, in an amount not to exceed the equivalent of
$1,275,000.’’
INTERNATIONAL COOPERATION IN HEALTH RESEARCH,
RESEARCH TRAINING, AND RESEARCH PLANNING
Use of foreign currencies accruing under this sub-
chapter to carry out purposes of International Health
Research Act of 1960, see section 2103 of Title 22, For-
eign Relations and Intercourse.
USE OF FOREIGN CURRENCIES
Foreign currencies accruing to United States under
this subchapter may be used for purposes set forth in
this section, see Ex. Ord. No. 12752, § 2(b)(1), (2), Feb. 25,
1991, 56 F.R. 8255, set out as a note under section 1691
of this title.
§ 1704a. Agreements for use of foreign currencies;
reports to Congress
Within sixty days after any agreement is en-
tered into for the use of any foreign currencies,
a full report thereon shall be made to the Senate
and the House of Representatives of the United
States and to the Committees on Agriculture
and Appropriations thereof.
(Pub. L. 85–128, § 1(5), Aug. 13, 1957, 71 Stat. 345.)
Editorial Notes
CODIFICATION
Section was not enacted as part of the Food for Peace
Act which comprises this chapter.
Executive Documents
TRANSMISSION OF REPORTS
For provisions requiring Secretary of Agriculture and
Administrator of Agency for International Develop-
ment to transmit reports required by this section as re-
lated to use of foreign currencies accruing under sub-
chapters II and III–A of this chapter, see section 2(b)(3)
of Ex. Ord. No. 12752, Feb. 25, 1991, 56 F.R. 8255, set out
as a note under section 1691 of this title.
§ 1704b. Repealed. Pub.
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1704a
Stored review status: historical_2024_not_currentness_verified. The source passage cites 7 U.S.C. § 1704a. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Sections were omitted as part of the complete revision of the Agricultural Trade Act of 1978 (Pub. L. 95–501) by Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3668. See chapter 87 (§ 5601 et seq.) of this title.
Section 1707b, Pub. L. 95–501, title II, § 201, Oct. 21, 1978, 92 Stat. 1686, provided for a program of deferred payment sales of agricultural commodities.
Section 1707c, Pub. L. 95–501, title II, § 202, Oct. 21, 1978, 92 Stat. 1687, provided for a program of credit sales to People’s Republic of China.
Section 1707d, Pub. L. 95–501, title II, § 203, Oct. 21, 1978, 92 Stat. 1687, defined “agricultural commodity”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1721
Stored review status: release_metadata_unconfirmed. The source passage cites 7 U.S.C. § 1721. This identifies an authority to review, not proof of applicability.