Restrictions

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§283dd. Restrictions

(a) 1 Unless authorized by law, neither the President nor any person or agency shall, on behalf of the United States-

(1) subscribe to additional shares of stock of the Corporation;

(2) vote for or agree to any amendment of the agreement which increases the obligations of the United States, or which changes the purpose or functions of the Corporation; or

(3) make a loan or provide other financing to the Corporation.

( Pub. L. 98–473, title I, §101(1) [title I], Oct. 12, 1984, 98 Stat. 1884 , 1885.)


Editorial Notes

Codification

Section is based on section 205 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.

1 So in original. No subsec. (b) has been enacted.


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