22 U.S.C. § 2399d — Shipping differential
submitted 53 years ago by Pub. L. 87-195 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 92 words · no verdicts yet
Certain foreign-assistance funds may pay grants covering all or part of the difference between United States and foreign-flag shipping rates. When feasible, the grants must use United States-owned foreign currencies.
For the purpose of facilitating implementation of section 55305 of title 46 , funds made available for the purposes of part I of subchapter I of this chapter or for purposes of part IV of subchapter II of this chapter may be used to make grants to recipients to pay all or any portion of such differential as is determined by the Secretary of Commerce to exist between United States and foreign-flag vessel charter or freight rates. Grants made under this section shall be paid with United States-owned foreign currencies wherever feasible.
For the purpose of facilitating implementation of section 55305 of title 46, funds made available for the purposes of part I of subchapter I of this chapter or for purposes of part IV of subchapter II of this chapter may be used to make grants to recipients to pay all or any portion of such differential as is determined by the Secretary of Commerce to exist between United States and foreign-flag vessel charter or freight rates. Grants made under this section shall be paid with United States-owned foreign currencies wherever feasible.
Source credit: (Pub. L. 87–195, pt. III, § 640C, as added Pub. L. 93–189, § 21, Dec. 17, 1973, 87 Stat. 726; amended Pub. L. 96–533, title VII, § 708, Dec. 16, 1980, 94 Stat. 3159.)
- 1973Enacted · Pub. L. 87-195 · 87 Stat. 726
- 1980Amended · Pub. L. 96-533 · 94 Stat. 3159
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-195 on 1973-12-17.
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