Export-Import Bank initiatives

19 U.S.C. § 3734

• Title: 19 — Customs Duties
• Subtitle: VI
• Chapter: SUBCHAPTER III—ECONOMIC DEVELOPMENT RELATED ISSUES

Text

(a) Sense of the Congress
It is the sense of the Congress that the Board of Directors of the Bank shall continue to take comprehensive measures, consistent with the credit standards otherwise required by law, to promote the expansion of the Bank's financial commitments in sub-Saharan Africa under the loan, guarantee and insurance programs of the Bank.
(b) Sub-Saharan Africa Advisory Committee
The sub-Saharan Africa Advisory Committee (SAAC) is to be commended for aiding the Bank in advancing the economic partnership between the United States and the nations of sub-Saharan Africa by doubling the number of sub-Saharan African countries in which the Bank is open for traditional financing and by increasing by tenfold the Bank's support for sales to sub-Saharan Africa from fiscal year 1998 to fiscal year 1999. The Board of Directors of the Bank and its staff shall continue to review carefully the sub-Saharan Africa Advisory Committee recommendations on the development and implementation of new and innovative policies and programs designed to promote the Bank's expansion in sub-Saharan Africa.

History

(Pub. L. 106–200, title I, §124, May 18, 2000, 114 Stat. 270.)