---
kind: "section"
citation: "12 U.S.C. § 635p"
title: "12"
title_heading: "Banks and Banking"
number: "635p"
heading: "Presidential mandate to negotiate; objectives"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/635p"
units:
  - "Chapter 6A — Export-Import Bank of the United States"
  - "Subchapter III — Tied Aid Credit Export Subsidies"
---

# §635p. Presidential mandate to negotiate; objectives


The President shall vigorously pursue negotiations to limit and set rules for the use of tied aid for exports. The negotiating objectives of the United States should include reaching agreements—

- (1) to define the various forms of [tied aid credit](/usc/12/635t.md?p=1), particularly mixed [credits](/usc/12/5481.md?p=7) under the Arrangement on Guidelines for Officially Supported Export [Credits](/usc/12/5481.md?p=7) established through the Organization for Economic Cooperation and Development (hereinafter in this subchapter referred to as the “Arrangement”);
- (2) to phase out the use of [government-mixed credits](/usc/12/635t.md?p=2) by a date certain;
- (3) to set rules governing the use of [public-private cofinancing](/usc/12/635t.md?p=3), or other forms of mixed financing, which may have the same result as [government-mixed credits](/usc/12/635t.md?p=2) of drawing on concessional development assistance to produce subsidized export financing;
- (4) to raise the threshold for notification of the use of [tied aid credit](/usc/12/635t.md?p=1) to a 50 per centum level of concessionality;
- (5) to improve notification procedures so that advance notification must be given on all uses of [tied aid credit](/usc/12/635t.md?p=1); and
- (6) to prohibit the use of [tied aid credit](/usc/12/635t.md?p=1) for production facilities for goods which are in structural oversupply in the world.

## Source credit

(Pub. L. 98–181, title I [title VI, § 643], Nov. 30, 1983, 97 Stat. 1263.)