7 U.S.C. § 5663
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)With respect to each commercial export promotion program of the Department of Agriculture or the Commodity Credit Corporation, the Secretary shall—
- (1)specify by regulation the criteria used to evaluate and approve proposals for that program;
- (2)establish a centralized system to permit the Foreign Agricultural Service to provide the history and current status of any proposal;
- (3)provide for regular audits of program transactions to determine compliance with program objectives and requirements; and
- (4)establish criteria to evaluate loans eligible for guarantees by the Commodity Credit Corporation, so as to ensure that the Corporation does not assume undue risk in providing such guarantees.
- (b)Information pertaining to the status of a particular proposal shall be retrievable within the central system by appropriate categories, as determined appropriate by the Secretary.