AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Section 7025 provides that, “None of the funds appropriated or made available … to the Export-Import Bank and the Overseas Private Investment Corporation shall be obligated or expended to finance any loan, any assistance, or any other financial commitments for establishing or expanding production of any commodity for export by any country other than the United States, if the commodity is likely to be in surplus on world markets at the time the resulting productive capacity is expected to become operative and if the assistance will cause substantial injury to United States producers of the same, similar, or competing commodity.” It provides a waiver authority in cases where “in the judgment of [the Export-Import Bank] Board of Directors the benefits to industry and employment in the United States are likely to outweigh the injury to United States producers of the same, similar, or competing commodity, and the Chairman of the Board so notifies the [congressional] Committees on Appropriations.”
The same section further provides that, “None of the funds appropriated by this or any other Act … shall be available for any testing or breeding feasibility study, variety improvement or introduction, consultancy, publication, 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.” Certain exceptions are provided, such as for “activities designed to increase food security in developing countries where such activities will not have a significant impact on the export of agricultural commodities of the United States.”
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