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12 U.S.C. § 635i–7 — Cooperation on export financing programs

submitted 81 years ago by Pub. L. 102-429 to r/title-12-BANKS-AND-BANKING · 90 words · no verdicts yet

in plain englishAI-generated · not legal advice

Subject to appropriate memoranda of understanding, the Bank must share current information about its programs and financing practices with specified Federal, state, and local export-promotion organizations. It must also provide training for personnel named in those memoranda.

Subject to appropriate memoranda of understanding, the Bank must—

(1) provide complete and current information about all its programs and financing practices to (A) the Small Business Administration and other Federal agencies involved in promoting exports and marketing export-financing programs, and (B) state and local export-financing organizations that want to take part in export promotion; and

(2) consistently with section 4721(f)(2) of title 15, provide training about those financing programs for personnel named in the memoranda.

the actual law source: uscode.house.gov ↗public domain

The Bank shall, subject to appropriate memoranda of understanding—

(1)

provide complete and current information on all of its programs and financing practices to—

(A)

the Small Business Administration and other Federal agencies involved in promoting exports and marketing export financing programs; and

(B)

State and local export financing organizations that indicate a desire to participate in export promotion; and

(2)

consistent with the provisions of section 4721(f)(2) of title 15, undertake a program to provide training for personnel designated in such memoranda with respect to such financing programs.

Source credit: (July 31, 1945, ch. 341, § 13, formerly § 19, as added and renumbered § 13, Pub. L. 102–429, title I, §§ 115, 121(c)(7), Oct. 21, 1992, 106 Stat. 2196, 2199.)

history & why it existsrecord from the source credit
  • 1945Enacted · Pub. L. 102-429 · 106 Stat. 2196, 2199

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-429 on 1945-07-31.

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