Page:United States Statutes at Large Volume 123.djvu/891

 123STA T .87 1 PUBLIC LA W 111 – 8 —M A R .11, 2 0 0 9sub s tan t i a l in j u ry t oU nit edS tates p rodu c ers o f t h esa m e , similar, or competin g commodity
 * Provide

d, T hat such prohibition shall not apply to the Ex port -I mport B an k if in the judgment of its Board of D irectors the benefits to industry and employment in the United States are likely to out w eigh the injury to United States producers of the same, similar, or competing commodity, and the C hairman of the Board so notifies the Committees on A ppropriations .( b )N one of the funds appropriated by this or any other Act to carry out chapter 1 ofpartIofthe F oreign Assistance Act of1 96 1shallbea v ailable for any testing or breeding feasibility study, variety improvement or introduction, consultancy, publica- tion, conference, or training in connection with the growth or production in a foreign country of an agricultural commodity for export which would compete with a similar commodity grown or produced in the United States: Provided, That this subsection shall not prohibit — (1) activities designed to increase food security in devel- oping countries where such activities will not have a significant impact on the export of agricultural commodities of the United States or ( 2 ) research activities intended primarily to benefit Amer- ican producers. (c) The Secretary of the Treasury shall instruct the United States Executive Directors of the International Bank for R econstruc- tion and Development, the International Development Association, the International Finance Corporation, the Inter-American Develop- ment Bank, the International M onetary Fund, the Asian Develop- ment Bank, the Inter-American Investment Corporation, the North American Development Bank, the European Bank for Reconstruc- tion and Development, the African Development Bank, and the African Development Fund to use the voice and vote of the United States to oppose any assistance by these institutions, using funds appropriated or made available pursuant to titles III through V I of this Act, for the production or extraction of any commodity or mineral for export, if it is in surplus on world markets and if the assistance will cause substantial injury to United States producers of the same, similar, or competing commodity. SEPAR A T EA C C OUN TS SEC. 70 27. (a) SEPARATE ACCOUNTS F OR L OCA L CURRENC I ES.— (1) If assistance is furnished to the government of a foreign country under chapters 1 and 10 of part I or chapter 4 of part II of the Foreign Assistance Act of 1961 under agreements which result in the generation of local currencies of that country, the Administrator of the United States Agency for International Development shall— (A) re q uire that local currencies be deposited in a separate account established by that government; (B) enter into an agreement with that government which sets forth— (i) the amount of the local currencies to be gen- erated; and (ii) the terms and conditions under which the cur- rencies so deposited may be utili z ed, consistent with this section; and 2 2 USC 2 36 2 note. 22 USC 262 h note.