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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 22 U.S.C. § 5414 | Debt-for-equity swaps and other special techniques | us | united_states_code | code_section | 22 | FOREIGN RELATIONS AND INTERCOURSE | 63 | SUPPORT FOR EAST EUROPEAN DEMOCRACY (SEED) | 5414 | 22 U.S.C. § 5414 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip | /us/usc/t22/s5414 | data/legal/raw/us/code/title-22/usc22.xml | 813b3f818a458612134193e8f42380b670ec0bbe14b38bfe791383873f31c310 | b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 | f848fa7dd0eb74613fe16ad6e2bde8cd8a4d678dbe9a05f2efdd06c8a3f3b595 | 2026-07-04 | official |
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22 U.S.C. § 5414 - Debt-for-equity swaps and other special techniques
Text
(a) Reduction of debt burden The President shall take all appropriate actions to explore and encourage innovative approaches to the reduction of the government-to-government and commercial debt burden of East European countries which have taken substantive steps toward political democracy and economic pluralism.
(b) Authority for discounted sales of debt Notwithstanding any other provision of law, the President may undertake the discounted sale, to private purchasers, of United States Government debt obligations of an East European country which has taken substantive steps toward political democracy and economic pluralism, subject to subsection (c).
(c) Condition An obligation may be sold under subsection (b) only if the sale will facilitate so-called debt-for-equity or debt-for-development swaps wherein such newly privatized debt is exchanged by the new holder of the obligation for—
(1) local currencies, policy commitments, or other assets needed for development or other economic activities, or
(2) for an equity interest in an enterprise theretofore owned by the particular East European government.
(Pub. L. 101–179, title I, § 104, Nov. 28, 1989, 103 Stat. 1304.)
Notes
Executive Documents
Delegation of Functions Functions of President under this section delegated to Secretary of the Treasury by section 4 of Ex. Ord. No. 12703, Feb. 20, 1990, 55 F.R. 6351, set out as a note under section 5401 of this title.