The only problem is that current law precludes the extension of CommodityCreditCorporation agricultural export credits unless there is a reasonable prospect of repayment.
The Center anticipates that the Bush Administration will privately inform the allies that restored Soviet access to Export-Import Bank loans and credit guarantees, 3-year CommodityCreditCorporation grain loans and Overseas Private Investment Corporation insurance coverage represent a substantial U.S. assistance package to the USSR.
Moreover if, as the Center expects such a creditworthiness assessment supports the conclusion that prompt repayment of U.S. government guaranteed loans is no better than a fifty-fifty proposition, any such transactions as are authorized (for example, CommodityCreditCorporation three- or ten-year guarantees for grain purchases) be formally described as outright grants.