Page:United States Statutes at Large Volume 99 Part 2.djvu/372

 99 STAT. 1482

98 Stat. 3002, 3003, 3005.

PUBLIC LAW 99-198—DEC. 23, 1985

or expenses of production, processing, or distribution, a differential export tax or duty exemption, a domestic consumption quota, or other method of furnishing or ensuring the availability of raw materials at artificially low prices. (c) The Secretary shall provide export assistance under this section on a priority basis in the case of— (1) agricultural commodities and the products thereof with respect to which there has been a favorable decision under section 301 of the Trade Act of 1974 (19 U.S.C. 2411); or (2) agricultural commodities and the products thereof for which exports have been adversely affected, as defined by the Secretary, by retaliatory actions related to a favorable decision under section 301 of the Trade Act of 1974 (19 U.S.C. 2411). SHORT-TERM EXPORT CREDIT

7 USC I736t.

Prohibition.

SEC. 1125. (a) In making available any guarantees of the repayment of credit extended on terms of up to 3 years in connection with the export sale of United States agricultural commodities or the products thereof, the Commodity Credit Corporation shall take into account— (1) the credit needs of countries that are potential purchasers of United States agricultural exports; (2) the creditworthiness of such countries; and (3) whether the availability of Commodity Credit Corporation guarantees will improve the competitive position of United States agricultural exports in world markets. (b) Effective for the fiscal year ending September 30, 1986 and each fiscal year thereafter through the fiscal year ending September 30, 1990, the O)mmodity Credit (]!orporation shall make avgdlable not less than $5,000,000,000 in credit guarantees under its export credit guarantee program for short-term credit extended to finance the export sales of United States agricultural commodities and the products thereof. (c) Notwithstanding any other provision of law, the Secretary of Agriculture may not charge an origination fee with respect to any credit guarantee transaction under the Exjwrt Credit Guarantee Program (GSM-102) in excess of an amount equal to one percent of the credit extended under the transaction. COOPERATOR MARKET DEVELOPMENT PROGRAM

7 USC I736u.

7 USC I736u.

SEC. 1126. (a) It is the sense of Congress that the cooperator market development program of the Foreign Agricultural Service should be continued to help develop new markets and expand and maintain existing markets for United States agricultural commodities, using nonprofit agricultural trade organizations to the maximum extent practicable. 0)) The cooperator market development program shall be exempt from the requirements of Circular A 110 issued by the Office of Management and Budget. (c) Subclause (B) of section 1207(a)(5) of the Agriculture and Food Act of 1981 (7 U.S.C. 1736m(a)(5)(B)) is amended to read as follows: "(B) funding an export market development program for valueadded farm products and processed foods at a higher funding level than that provided during the fiscal year ending September 30, 1985; and". .......,..,-.,.

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