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7 U.S. Code § 5622. Export credit guarantee program
(a) Short-term credit guarantees
The Commodity Credit Corporation may guarantee the repayment of credit made available to finance commercial export sales of agricultural commodities, including processed agricultural products and high-value agricultural products, from privately owned stocks on credit terms that do not exceed a 24-month period.
(b) Purpose of programThe Commodity Credit Corporation may use export credit guarantees authorized under this section—
(1)
to increase exports of agricultural commodities;
(2)
to compete against foreign agricultural exports;
(3) to assist countries in meeting their food and fiber needs, particularly—
(A)
developing countries; and
(B)
countries that are emerging markets that have committed to carry out, or are carrying out, policies that promote economic freedom, private domestic production of food commodities for domestic consumption, and the creation and expansion of efficient domestic markets for the purchase and sale of agricultural commodities; and