Definition of "Public law 87-311"

Karen  Reed real estate agent
Karen Reed, Real Estate Agent First Weber Realtors

1961 federal legislation that allows the U.S. Export-Import Bank to set up insurance protection for U.S. exporters against credit risk and political risk in order to help make U.S. exports more competitive and bolster the U.S. trade balance. The Foreign Credit Insurance Association oversees the insurance program, which is written by private insurers.

 

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