Pub. L. 89-697, ch. IX, sec. 903

Pub. L. 89-697, ch. IX, sec. 903

EnactedYear: 1966Length: 122 wordsOfficial source
Sec. 903. None of the funds made available because of the provisions of this Act shall be used by the Export-Import Bank to either guarantee the payment of any obligation hereafter incurred by any Communist country (as defined in section 620(f) of the Foreign Assistance Act of 1961, as amended) or any agency or national thereof, or in any other way to participate in the extension of credit to any such country, agency, or national, in connection with the purchase of any product by such country, agency, or national, except when the President determines that such guarantees would be in the national interest and reports each such determination to the House of Representatives and the Senate within thirty days after such determination.
Pub. L. 89-697, ch. IX, sec. 903 | Justis AI