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22 U.S.C. § 2656hInternational credit reports

submitted 35 years ago by Pub. L. 102-138 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 190 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section concerns obtaining and providing international credit reports. It sets conditions for requesting, using, and sharing those reports.

(a) Report on loan criteria by 90 days after October 28, 1991 , the Assistant Secretary of State for Economic and Business Affairs, in consultation with the Secretary of the Treasury, must submit to the Chairman of the Foreign Relations Committee of the Senate and the Speaker of the House of Representatives a report setting forth clear criteria for bilateral loans by which the United States can determine the likelihood of repayment by a country seeking to receive United States loans. The report should include the criteria used for— (1) assessing country risk; (2) projecting loan repayments; and (3) estimating subsidy levels. (b) Reports on loans Beginning 180 days after the submission of the report in subsection (a) and annually after that, the Secretary of State, in consultation with the Secretary of the Treasury, must submit a report to the Chairman of the Foreign Relations Committee of the Senate and the Speaker of the House of Representatives showing actual repayments by country and by program to the United States Government for the previous 5 years and the scheduled repayments to the United States Government for the next 5 years.
the actual law source: uscode.house.gov ↗public domain
(a) Report on loan criteria

Not later than 90 days after October 28, 1991, the Assistant Secretary of State for Economic and Business Affairs, in consultation with the Secretary of the Treasury, shall submit to the Chairman of the Foreign Relations Committee of the Senate and the Speaker of the House of Representatives a report setting forth clear criteria for bilateral loans by which the United States can determine the likelihood of repayment by a country seeking to receive United States loans. The report should include the criteria used for—

(1)

assessing country risk;

(2)

projecting loan repayments; and

(3)

estimating subsidy levels.

(b) Reports on loans

Beginning 180 days after the submission of the report in subsection (a) and annually thereafter, the Secretary of State, in consultation with the Secretary of the Treasury, shall submit a report to the Chairman of the Foreign Relations Committee of the Senate and the Speaker of the House of Representatives showing actual repayments by country and by program to the United States Government for the previous 5 years and the scheduled repayments to the United States Government for the next 5 years.

Source credit: (Pub. L. 102–138, title I, § 197, Oct. 28, 1991, 105 Stat. 684.)

history & why it existsrecord from the source credit
  • 1991Enacted · Pub. L. 102-138 · 105 Stat. 684

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-138 on 1991-10-28.

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