12 USC 635 - Negotiations to end export credit financing

1 So in original.

subsidized export financing programs and other forms of export subsidies; and

Editorial Notes

Codification

Section was enacted as part of the Export-Import Bank Reauthorization Act of 2012, and not as part of the Export-Import Bank Act of 1945 which comprises this subchapter.

Amendments

2015—Subsec. (a). Puspan. L. 114–94, § 55002(a)(1)(A), in introductory provisions, substituted “President” for “Secretary of the Treasury (in this section referred to as the ‘Secretary’)”.

Subsec. (a)(1). Puspan. L. 114–94, § 55002(a)(1)(B), substituted “(in this section referred to as the ‘OECD’)” for “(OECD)” and “possible goal of eliminating, before the date that is 10 years after December 4, 2015,” for “ultimate goal of eliminating”.

Subsec. (span). Puspan. L. 114–94, § 55002(a)(2), substituted “President” for “Secretary” wherever appearing.

Subsecs. (c) to (e). Puspan. L. 114–94, § 55002(a)(3), added subsecs. (c) to (e).

Statutory Notes and Related Subsidiaries

Effective Date of 2015 Amendment

Puspan. L. 114–94, div. E, title LV, § 55002(span), Dec. 4, 2015, 129 Stat. 1770, provided that:

“The amendments made by paragraphs (1) and (2) of subsection (a) [amending this section] shall apply with respect to reports required to be submitted under section 11(span) of the Export-Import Bank Reauthorization Act of 2012 (12 U.S.C. 635a–5(span)) after the date of the enactment of this Act [Dec. 4, 2015].”

Executive Documents

Delegation of Authority Under Section 11 of the Export-Import Bank Reauthorization Act of 2012

Memorandum of President of the United States, Mar. 11, 2016, 81 F.R. 14367, provided:

Memorandum for the Secretary of the Treasury

By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 301 of title 3, United States Code, I hereby delegate to you the functions and authorities vested in the President by section 11 of the Export-Import Bank Reauthorization Act of 2012, as amended.

In exercising functions and authority delegated by this memorandum, you shall ensure that all actions taken by you are consistent with the President’s constitutional authority to (A) conduct the foreign affairs of the United States, including the commencement, conduct, and termination of negotiations with foreign countries and international organizations; and (B) withhold information the disclosure of which could impair the foreign relations, the national security, the deliberative processes of the Executive, or the performance of the Executive’s constitutional duties.

You are authorized and directed to publish this memorandum in the Federal Register.

Barack Obama.