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7 U.S. Code § 1738p

Sale, reduction, or cancellation of qualified debt to facilitate certain debt swaps

7 U.S. Code § 1738p. Sale, reduction, or cancellation of qualified debt to facilitate certain debt swaps

(a) Authority to sell, reduce, or cancel qualified debtFor the purpose of facilitating eligible debt swaps, the President, in accordance with this section—
(1)
may sell to an eligible purchaser (as determined pursuant to subsection (c)(1)) any qualified debt of an eligible country; or
(2)
may reduce or cancel eligible debt of an eligible country upon receipt of payment from an eligible payor (as determined under subsection (c)(2)).
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