46 U.S.C. § 55304 — Exports financed by the United States Government

FEDERAL · 46 U.S.C. · Chapter 553

Exports financed by the United States Government

Current through Pub. L. 119-102

Title 46 — Shipping·Ch. 553 — PASSENGER AND CARGO PREFERENCES·Subch. I

It is the sense of Congress that any loans made by an instrumentality of the United States Government to foster the exporting of agricultural or other products shall provide that the products may be transported only on vessels of the United States unless, as to any or all of those products, the Secretary of Transportation, after investigation, certifies to the instrumentality that vessels of the United States are not available in sufficient number, in sufficient tonnage capacity, on necessary schedules, or at reasonable rates.

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It is the sense of Congress that any loans made by an instrumentality of the United States Government to foster the exporting of agricultural or other products shall provide that the products may be transported only on vessels of the United States unless, as to any or all of those products, the Secretary of Transportation, after investigation, certifies to the instrumentality that vessels of the United States are not available in sufficient number, in sufficient tonnage capacity, on necessary schedules, or at reasonable rates.

46 U.S.C. § 55304 (Exports financed by the United States Government) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1642.)

Editorial Notes

This section codifies the Joint Resolution of March 26, 1934 (ch. 90, 48 Stat. 500) (also commonly known as Public Resolution 17). The codification of this provision is not intended to change its status as a "Sense of Congress" provision in any way. The words "Reconstruction Finance Corporation or" are omitted as obsolete because the Reconstruction Finance Corporation was abolished by section 6 of Reorganization Plan No. 1 of 1957 (5 App. U.S.C.).