# § 2774. Foreign military sales credit standards
The President shall establish standards and criteria for credit and guaranty transactions under sections 2763 and 2764 of this title in accordance with the foreign, national security, and financial policies of the United States.
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**Source Credit**: (Pub. L. 90–629, ch. 3, § 34, Oct. 22, 1968, 82 Stat. 1325.)
## Statutory Notes and Related Subsidiaries
### Effective Date
Section effective , see , set out as a note under .
## Executive Documents
### Delegation of Functions
For delegation of functions of the President under this section, with certain conditions, see section 1(h) of Ex. Ord. No. 13637, , 78 F.R. 16129, set out as a note under . Functions were previously delegated by Ex. Ord. No. 11958, which was formerly set out as a note under and was revoked, subject to a savings provision, by section 4 of Ex. Ord. No. 13637.