Purposes

22 U.S.C. § 5323

• Title: 22 — Foreign Relations and Intercourse
• Chapter: SUBCHAPTER II—INTERNATIONAL DEBT
• Part: A

Text

The purposes of this subchapter are—
(1) to expand the world trading system and raise the level of exports from the United States to the developing countries in order to reduce the United States trade deficit and foster economic expansion and an increase in the standard of living throughout the world;
(2) to alleviate the current international debt problem in order to make the debt situation of developing countries more manageable and permit the resumption of sustained growth in those countries; and
(3) to increase the stability of the world financial system and ensure the safety and soundness of United States depository institutions.

History

(Pub. L. 100–418, title III, §3103, Aug. 23, 1988, 102 Stat. 1376.)

Editorial Notes

Editorial Notes

References in Text
This subchapter, referred to in text, was in the original "this subtitle", meaning subtitle B (§§3101–3123) of title III of Pub. L. 100–418, Aug. 23, 1988, 102 Stat. 1375, which is classified principally to this subchapter. For complete classification of subtitle B to the Code, see Tables.