12 U.S.C. § 635q — Establishment of tied aid credit program in United States Export-Import Bank

(a) Program and its elements. (1) The Chairman of the Export-Import Bank^* of the United States must establish a tied-aid-credit^* program for United States exports within the Bank. (2) The program must be carried out with the Trade and Development Agency and, when appropriate, private financial institutions or entities. (3) The program may include— (A) combining the Bank’s credits, loans, or guarantees with concessional financing or grants made available under section 635r(d). This may include blending the Bank’s and the Trade and Development Agency’s financing or having them provide parallel financing^*; and (B) combining the Bank’s credits, loans, or guarantees with financing offered by private financial institutions or entities. This may include blending the Bank’s and the private institutions’ or entities’ financing or having them provide parallel financing. (b) Purpose. The program’s purpose is to offer or arrange financing for exporting United States goods and services. The financing must be substantially as concessional as foreign financing when there is reasonable proof that the foreign financing is being offered to, or arranged for, a genuine foreign competitor for a United States export sale. (c) Fund. The Bank’s Chairman may establish a fund when necessary to carry out this tied-aid-credit program. (d) Concessional financing or grants. Concessional financing or grants made available under section 635r(d) for the mixed-financing program under this section must be made available under section 635r(c).