§ 5823. — Funding for export promotion activities and capital projects.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC5823]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 67--FREEDOM FOR RUSSIA AND EMERGING EURASIAN DEMOCRACIES AND
OPEN MARKETS SUPPORT
SUBCHAPTER II--BUSINESS AND COMMERCIAL DEVELOPMENT
Sec. 5823. Funding for export promotion activities and capital
projects
(a) Allocation of A.I.D. funds
The President is encouraged to use a portion of the funds made
available for the independent states of the former Soviet Union under
chapter 11 of part I of the Foreign Assistance Act of 1961 [22 U.S.C.
2295 et seq.]--
(1) to fund the export promotion, finance, and related
activities carried out pursuant to subsection (b)(1) of this
section, including activities relating to the export of intermediary
goods; and
(2) to fund capital projects, including projects for
telecommunications, environmental cleanup, power production, and
energy related projects.
(b) Export promotion, finance, and related activities
The Secretary of Commerce, as Chair of the Trade Promotion
Coordination Committee, should, in conjunction with other members of
that committee, design and implement programs to provide adequate
commercial and technical assistance to United States businesses seeking
markets in the independent states of the former Soviet Union, including
the following:
(1) Increasing the United States and Foreign Commercial Service
presence in the independent states, in particular in the Russian Far
Eastern cities of Vladivostok and Khabarovsk.
(2) Preparing profiles of export opportunities for United States
businesses in the independent states and providing other technical
assistance.
(3) Utilizing the Market Development Cooperator Program under
section 4723 of title 15.
(4) Developing programs specifically for the purpose of
assisting small- and medium-sized businesses in entering commercial
markets of the independent states. In carrying out this paragraph,
the Secretary of Commerce, to the extent possible, should work
directly with private sector organizations with proven experience in
trade and economic relations with the independent states.
(5) Supporting projects undertaken by the United States business
community on the basis of partnership, joint venture, contractual,
or other cooperative agreements with appropriate entities in the
independent states.
(6) Supporting export finance programs, feasibility studies,
political risk insurance, and other related programs through
increased funding and flexibility in the implementation of such
programs.
(7) Supporting the Business Information Service (BISNIS) and its
related programs.
(Pub. L. 102-511, title III, Sec. 303, Oct. 24, 1992, 106 Stat. 3333.)
References in Text
The Foreign Assistance Act of 1961, referred to in subsec. (a), is
Pub. L. 87-195, Sept. 4, 1961, 75 Stat. 424, as amended. Chapter 11 of
part I of the Act is classified generally to part XI (Sec. 2295 et seq.)
of subchapter I of chapter 32 of this title. For complete classification
of this Act to the Code, see Short Title note set out under section 2151
of this title and Tables.
Section Referred to in Other Sections
This section is referred to in section 5813 of this title; title 15
section 4727.
