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Title 22—FOREIGN RELATIONS AND INTERCOURSE > CHAPTER 39—ARMS EXPORT CONTROL > SUBCHAPTER II—FOREIGN MILITARY SALES AUTHORIZATIONS

This text was captured on Sep 9, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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The President may guarantee any individual, corporation, partnership, or other juridical entity doing business in the United States (excluding United States Government agencies other than the Federal Financing Bank) against political and credit risks of nonpayment arising out of their financing of credit sales of defense articles, defense services, and design and construction services to friendly countries and international organizations. Fees shall be charged for such guaranties.

( Pub. L. 90–629 , ch. 2, § 24, Oct. 22, 1968 , 82 Stat. 1324 ; Pub. L. 93–189, § 25(4) , Dec. 17, 1973 , 87 Stat. 730 ; Pub. L. 93–559, § 45(a)(3) , (4), Dec. 30, 1974 , 88 Stat. 1814 ; Pub. L. 96–533, title I , §§ 104(a), 105(b)(3), Dec. 16, 1980 , 94 Stat. 3132 , 3134; Pub. L. 99–83, title I, § 106(b) , (c), Aug. 8, 1985 , 99 Stat. 196 ; Pub. L. 100–71, title I , July 11, 1987 , 101 Stat. 409 .)

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