§ 5624. Barter of agricultural commodities

Statutory text

In general

The Secretary or the Commodity Credit Corporation may provide eligible commodities in barter for foreign products under such terms and conditions as the Secretary or the Corporation shall prescribe.

Eligible commodities

Unless otherwise specified, eligible commodities shall include—

agricultural commodities acquired by the Commodity Credit Corporation through price support operations; and

agricultural commodities acquired by the Secretary or the Commodity Credit Corporation in the normal course of business and available for disposition.

Barter by exporters of agricultural commodities

Purpose

The Secretary or the Commodity Credit Corporation shall encourage exporters of agricultural commodities to barter such commodities for foreign products—

to acquire such foreign products needed by such exporters; and

to develop, maintain, or expand foreign markets for United States agricultural exports.

Eligible activities

The Secretary or the Commodity Credit Corporation may provide eligible commodities to exporters to assist such exporters in barter transactions.

Technical assistance

The Secretary or the Commodity Credit Corporation shall provide technical advice and assistance relating to the barter of agricultural commodities to any United States exporter who requests such advice or assistance.

Transfer of foreign products to other Government agencies

The Secretary or the Commodity Credit Corporation may transfer any foreign products that the Secretary or such Corporation obtains through barter activities to other Government agencies if the Corporation receives assurances that it will receive full reimbursement from the agency within the same fiscal year in which such transfer occurs.

Corporation authority not limited

Nothing contained in this section shall limit the authority of the Commodity Credit Corporation to acquire, hold, or dispose of such foreign materials as such Corporation determines appropriate in carrying out the functions and protecting the assets of the Corporation.

Prohibited activities

The Secretary or the Commodity Credit Corporation shall take reasonable precautions to prevent the misuse of eligible commodities in a barter or exchange program, including activities that—

displace or interfere with commercial sales of United States agricultural commodities that otherwise might be made;

unduly disrupt world prices of agricultural commodities or the normal patterns of commercial trade with recipient countries; or

permit the resale or transshipment of eligible commodities to countries other than the intended recipient country.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1990
Agricultural Trade Act of 1978
Pub. L. 95–501 title II § 204 · 92 Stat. 1685
Enacted · 7 U.S.C. § 5624
Pub. L. 95–501, title II, § 204, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3676
Source evidence
Code source credit
Pub. L. 95–501, title II, § 204, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3676
1991
Pub. L. 102–237 title III § 320 · 105 Stat. 1818
1. Amended · 7 U.S.C. § 5624(d)
  Pub. L. 102–237 amended heading
2. Substituted · 7 U.S.C. § 5624(d)
  Pub. L. 102–237 substituted “Government” for “government” in text
Source evidence
Code amendment note
Subsec. (d). Pub. L. 102–237 amended heading and substituted “Government” for “government” in text.
Enacted provision · exact public law section
SEC. 320. CORRECTING CLERICAL ERRORS IN SECTION 204 OF THE AGRICULTURAL TRADE ACT OF 1978. Section 204(d) of the Agricultural Trade Act of 1978 (7 U.S.C. 5624) is amended— (1) by striking “Agency Or Private Parties” in the heading and inserting “Agencies”; and (2) by striking “government” and inserting “Government”.

2 of 3 references resolved to an enrolled provision · 1 partial

Editorial Notes

Amendments

1991—Subsec. (d). Pub. L. 102–237 amended heading and substituted “Government” for “government” in text.

Credits

1990–1991 · 2 acts

1990Pub. L. 95–501, title II, § 204, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3676
1991amended Pub. L. 102–237, title III, § 320, Dec. 13, 1991, 105 Stat. 1857.

Show as published

(Pub. L. 95–501, title II, § 204, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3676; amended Pub. L. 102–237, title III, § 320, Dec. 13, 1991, 105 Stat. 1857.)