[Senate Prints, 112th Congress]
[From the U.S. Government Printing Office]


 
                     COMMITTEE ON FOREIGN RELATIONS
                      COMMITTEE ON FOREIGN AFFAIRS

=======================================================================


        Legislation on
        Foreign Relations
        Through 2008

                                     
[GRAPHIC] [TIFF OMITTED] TONGRESS.#15

                                     


                         JOINT COMMITTEE PRINT

                               MARCH 2011

                               VOLUME III

                        CURRENT LEGISLATION AND

                        RELATED EXECUTIVE ORDERS

                              U.S. Senate

                     U.S. House of Representatives
       Legislation on Foreign Relations Through 2008--Volume III
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                     COMMITTEE ON FOREIGN RELATIONS
                      COMMITTEE ON FOREIGN AFFAIRS

=======================================================================


        Legislation on
        Foreign Relations
        Through 2008

                                     
[GRAPHIC] [TIFF OMITTED] TONGRESS.#15

                                     

                               MARCH 2011

                               VOLUME III

                        CURRENT LEGISLATION AND

                        RELATED EXECUTIVE ORDERS

                              U.S. Senate

                     U.S. House of Representatives

Printed for the use of the Committees on Foreign Relations and Foreign 
  Affairs of the Senate and the House of Representatives respectively



                    u.s. government printing office
                           washington : 2011
56-935 PS                                                               
                                             

_______________________________________________________________________

 For sale by the Superintendent of Documents, U.S. Government Printing 
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                     COMMITTEE ON FOREIGN RELATIONS

                 JOHN F. KERRY, Massachusetts, Chairman

BARBARA BOXER, California            RICHARD G. LUGAR, Indiana
ROBERT MENENDEZ, New Jersey          BOB CORKER, Tennessee
BENJAMIN L. CARDIN, Maryland         JAMES E. RISCH, Idaho
ROBERT P. CASEY, Jr., Pennsylvania   MARCO RUBIO, Florida
JIM WEBB, Virginia                   JAMES M. INHOFE, Oklahoma
JEANNE SHAHEEN, New Hampshire        JIM DeMINT, South Carolina
CHRISTOPHER A. COONS, Delaware       JOHNNY ISAKSON, Georgia
RICHARD J. DURBIN, Illinois          JOHN BARRASSO, Wyoming
TOM UDALL, New Mexico                MIKE LEE, Utah

                  Frank G. Lowenstein, Staff Director

            Kenneth A. Myers, Jr., Republican Staff Director

                                 ______

                      COMMITTEE ON FOREIGN AFFAIRS

                 ILEANA ROS-LEHTINEN, Florida, Chairman

CHRISTOPHER H. SMITH, New Jersey     HOWARD L. BERMAN, California
DAN BURTON, Indiana                  GARY L. ACKERMAN, New York
ELTON GALLEGLY, California           ENI F.H. FALEOMAVAEGA, American 
DANA ROHRABACHER, California         Samoa
DONALD A. MANZULLO, Illinois         DONALD M. PAYNE, New Jersey
EDWARD R. ROYCE, California          BRAD SHERMAN, California
STEVE CHABOT, Ohio                   ELIOT L. ENGEL, New York
RON PAUL, Texas                      GREGORY W. MEEKS, New York
MIKE PENCE, Indiana                  RUSS CARNAHAN, Missouri
JOE WILSON, South Carolina           ALBIO SIRES, New Jersey
CONNIE MACK, Florida                 GERALD E. CONNOLLY, Virginia
JEFF FORTENBERRY, Nebraska           THEODORE E. DEUTCH, Florida
MICHAEL T. McCAUL, Texas             DENNIS CARDOZA, California
TED POE, Texas                       BEN CHANDLER, Kentucky
GUS M. BILIRAKIS, Florida            BRIAN HIGGINS, New York
JEAN SCHMIDT, Ohio                   ALLYSON SCHWARTZ, Pennsylvania
BILL JOHNSON, Ohio                   CHRISTOPHER S. MURPHY, Connecticut
DAVID RIVERA, Florida                FREDERICA WILSON, Florida
MIKE KELLY, Pennsylvania             KAREN BASS, California
TIM GRIFFIN, Arkansas                WILLIAM KEATING, Massachusetts
TOM MARINO, Pennsylvania             DAVID CICILLINE, Rhode Island
JEFF DUNCAN, South Carolina
ANN MARIE BUERKLE, New York
RENEE ELLMERS, North Carolina
VACANT

                   Yleem D.S. Poblete, Staff Director

             Richard J. Kessler, Democratic Staff Director

                                  (ii)

  
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                                FOREWORD

                              ----------                              

    This volume of legislation and related material is part of 
a five volume set of laws and related material frequently 
referred to by the Committees on Foreign Relations of the 
Senate and Foreign Affairs of the House of Representatives, 
amended to date and annotated to show pertinent history or 
cross references.
    Volumes I (A and B), II (A and B), III and IV contain 
legislation and related material and are republished with 
amendments and additions on a regular basis. Volume V, which 
contains treaties and related material, was last updated 
through 2005.
    We wish to express our appreciation to Matthew C. Weed of 
the Foreign Affairs, Defense, and Trade Division of the 
Congressional Research Service of the Library of Congress and 
Suzanne Kayne of the U.S. Government Printing Office who 
prepared volume III of this year's compilation.
                                           John F. Kerry,
                          Chairman, Committee on Foreign Relations.
                                           Ileana Ros-Lehtinen,
                            Chairman, Committee on Foreign Affairs.

                                                    March 21, 2011.

                                 (iii)
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                            EXPLANATORY NOTE

                              ----------                              

    The body of statutory law set out in this volume was in 
force, as amended, at the end of 2008.
    This volume sets out ``session law'' as originally enacted 
by Congress and published by the Archivist of the United States 
as ``slip law'' and later in the series United States Statutes 
at Large (as subsequently amended, if applicable). Amendments 
are incorporated into the text and distinguished by a footnote. 
Session law is organized in this series by subject matter in a 
manner designed to meet the needs of the Congress.
    Although laws enacted by Congress in the area of foreign 
relations are also codified by the Law Revision Counsel of the 
House of Representatives, typically in title 22 United States 
Code, those codifications are not positive law and are not, in 
most instances, the basis of further amendment by the Congress. 
Cross references to the United States Code are included as 
footnotes for the convenience of the reader.
    All Executive orders and State Department delegations of 
authority are codified and in force as of December 31, 2008.
    Corrections may be sent to Matthew C. Weed at the Library 
of Congress, Congressional Research Service, Washington, D.C., 
20540-7460, or by e-mail at mweed@crs.loc.gov.

                                  (v)
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                             ABBREVIATIONS

                              ----------                              



Bevans......................................  Treaties and Other
                                               International Agreements
                                               of the United States of
                                               America, 1776-1949,
                                               compiled under the
                                               direction of Charles I.
                                               Bevans.
CFR.........................................  Code of Federal
                                               Regulations.
EAS.........................................  Executive Agreement
                                               Series.
F.R.........................................  Federal Register.
LNTS........................................  League of Nations Treaty
                                               Series.
I Malloy, II Malloy.........................  Treaties, Conventions,
                                               International Acts,
                                               Protocols, and Agreements
                                               Between the United States
                                               of America and Other
                                               Powers, 1776-1909,
                                               compiled under the
                                               direction of the United
                                               States Senate by William
                                               M. Malloy.
R.S.........................................  Revised Statutes.
Stat........................................  United States Statutes at
                                               Large.
TIAS........................................  Treaties and Other
                                               International Acts
                                               Series.
TS..........................................  Treaty Series.
UNTS........................................  United Nations Treaty
                                               Series.
U.S.C.......................................  United States Code.
UST.........................................  United States Treaties and
                                               Other International
                                               Agreements.


                                  (vi)
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                            C O N T E N T S

                              ----------                              
                                                                   Page

FOREWORD.........................................................   iii

EXPLANATORY NOTE.................................................     v

ABBREVIATIONS....................................................    vi

I. INTERNATIONAL FINANCIAL INSTITUTIONS..........................     1

 1. Authorization for U.S. Participation.........................     3
 2. Authorization for Increased U.S. Participation...............   130
 3. Other Legislation Relating to International Financial 
    Institutions.................................................   153

J. FOREIGN ECONOMIC POLICY: TARIFF AND TRADE LAWS................   257

 1. Trade Legislation and Related Documents......................   264
 2. Export-Import Bank...........................................  1275
 3. Export Expansion.............................................  1407
 4. Export Administration........................................  1411
 5. International Economic Sanctions.............................  1531
 6. Johnson Act--Financial Transactions With Foreign Governments 
    (Public Law 80-772) (partial text)...........................  1835
 7. Transactions With Foreign Entities--Defense Industry and 
    National Security............................................  1836
 8. Foreign Investment in the United States......................  1868
 9. Collection and Publication of Foreign Commerce and Trade 
    Statistics (Public Law 87-826)...............................  1891
10. Materials and Commodities....................................  1898
11. Foreign Corrupt Practices....................................  1915

APPENDICES.......................................................  1933

INDEX............................................................  1981

                                 (vii)

  
=======================================================================


                I. INTERNATIONAL FINANCIAL INSTITUTIONS

                                CONTENTS

                                                                   Page

1. Authorization for U.S. Participation..........................     3
      a. International Monetary Fund/World Bank Group............     3
            (1) Bretton Woods Agreements Act, as amended (Public 
                Law 79-171)......................................     3
            (2) Bretton Woods Agreements Act Amendments, 1980 
                (Public Law 96-389) (partial text)...............    38
            (3) Bretton Woods Agreements Act Amendments, 1978 
                (Public Law 95-435) (partial text)...............    40
            (4) International Development Association Act, as 
                amended (Public Law 86-565)......................    42
            (5) Special Facility for Sub-Saharan Africa (Title I 
                of H.R. 2253, as enacted into law by sec. 101(i) 
                of Public Law 99-190) (partial text).............    51
            (6) International Finance Corporation Act, as amended 
                (Public Law 84-350)..............................    53
            (7) Multilateral Investment Guarantee Agency Act 
                (Title IV of H.R. 3570, as enacted into law by 
                sec. 101(e) of Public Law 100-202) (partial text)    58
      b. Inter-American Development Bank.........................    63
            (1) Inter-American Development Bank Act, as amended 
                (Public Law 86-147)..............................    63
            (2) Inter-American Investment Corporation Act (Title 
                II of S. 2416, as introduced in the Senate on 
                March 13, 1984 and enacted into law by Public Law 
                98-473) (partial text)...........................    81
      c. Asian Development Bank Act, as amended (Public Law 89-
          369)...................................................    85
      d. African Development Bank Act (Public Law 97-35) (partial 
          text)..................................................    98
      e. African Development Fund Act, as amended (Public Law 94-
          302) (partial text)....................................   103
      f. European Bank for Reconstruction and Development Act 
          (Public Law 101-513) (partial text)....................   111
      g. North American Development Bank.........................   116
            (1) North American Development Bank Act (Public Law 
                103-182) (partial text)..........................   116
            (2) North American Development Bank Amendments 
                (Public Law 108-215) (partial text)..............   123
      h. Bank for Economic Cooperation and Development in the 
          Middle East and North Africa Act (Public Law 104-208) 
          (partial text).........................................   127
2. Authorization for Increased U.S. Participation................   130
      a. International Development and Finance Act of 1989 
          (Public Law 101-240) partial text).....................   130
      b. Providing for U.S. Participation in a Capital Stock 
          Increase for the International Bank for Reconstruction 
          and Development and Replenishment of the African 
          Development Fund (H.R. 4645, as passed by the House on 
          September 28, 1988, and enacted into law by sec. 555 of 
          Public Law 100-461) (partial text).....................   147
      c. Providing for Increased Participation by the United 
          States in the Inter-American Development Bank, the 
          Asian Development Bank, and the African Development 
          Fund (Public Law 96-259) (partial text)................   151
3. Other Legislation Relating to International Financial 
    Institutions.................................................   153
      a. International Financial Institutions Act (Public Law 95-
          118) (partial text)....................................   153
      b. Mexican Debt Disclosure Act of 1995 (Public Law 104-6) 
          (partial text).........................................   213
      c. FREEDOM Support Act of 1992 (Public Law 102-511) 
          (partial text).........................................   217
      d. IFI Funding for Mines (Public Law 99-88) (partial text).   219
      e. International Debt Forgiveness and International 
          Financial Institutions Reform (Public Law 106-429) 
          (partial text).........................................   221
      f. Foreign Operations Appropriations Instructions, Fiscal 
          Year 2006 (Public Law 109-102) (partial text)..........   225
      g. Palestinian Anti-Terrorism Act of 2006 Instructions 
          (Public Law 109-446) (partial text)....................   230
      h. International Lending Supervision Act of 1983 (Title IX 
          of Public Law 98-181)..................................   231
      i. Multilateral Development Banks--Sense of Congress (Title 
          X of Public Law 98-181) (partial text).................   240
      j. Multilateral Development Bank Reform (Public Law 111-32) 
          (partial text).........................................   242
      k. Foreign Currency Reports (Public Law 93-110) (partial 
          text)..................................................   244
      l. Par Value Modification Act, as amended (Public Law 92-
          268)...................................................   250
      m. Special Drawing Rights Act, as amended (Public Law 90-
          349)...................................................   251
      n. Convention on the Settlement of Investment Disputes Act 
          of 1966 (Public Law 89-532) (partial text).............   253
      o. National Advisory Council on International Monetary and 
          Financial Policies (Executive Order 11269, as amended).   254

=======================================================================

      
                1. Authorization for U.S. Participation

            a. International Monetary Fund/World Bank Group

              (1) Bretton Woods Agreements Act, as amended

Public Law 79-171 [H.R. 3314], 59 Stat. 512, approved July 31, 1945; as 
amended by Public Law 80-472 [S. 2202], 62 Stat. 137, approved April 3, 
 1948; Public Law 81-142 [H.R. 4332], 63 Stat. 298, approved June 29, 
1949; Public Law 82-165 [H.R. 5113], 65 Stat. 373, approved October 10, 
1951; Reorganization Plan No. 7 of 1953, August 1, 1953, 18 F.R. 4541, 
   67 Stat. 639: Public Law 83-570 [S. 3589], 68 Stat. 677, approved 
August 9, 1954; Public Law 86-48 [S. 1094], 73 Stat. 80, approved June 
 17, 1959; Public Law 87-490 [H.R. 10162], 76 Stat. 105, approved June 
    19, 1962; Public Law 88-178 [H.R. 7405], 77 Stat. 334, approved 
November 13, 1963; Public Law 89-31 [H.R. 6497], 79 Stat. 119, approved 
   June 2, 1965; Public Law 89-126 [S. 1742], 79 Stat. 519, approved 
    August 14, 1965; Public Law 91-599 [H.R. 18306], 84 Stat. 1657, 
 approved December 30, 1970; Public Law 93-94 [S. 1887], 87 Stat. 314, 
  approved August 15, 1973; Public Law 94-564 [H.R. 13955], 90 Stat. 
   2660, approved October 19, 1976; Public Law 95-118 [International 
Financial Institutions Act; H.R. 5262], 91 Stat. 1067, approved October 
3, 1977; Public Law 95-147 [H.R. 5675], 91 Stat. 1227 at 1228, approved 
   October 28, 1977; Public Law 95-435 [Bretton Woods Agreements Act 
Amendments, 1978; H.R. 9214], 92 Stat. 1051, approved October 10, 1978; 
 Public Law 96-389 [Bretton Woods Agreements Act Amendments, 1980; S. 
   2271], 94 Stat. 1551, approved October 7, 1980; Public Law 97-35 
[Omnibus Budget Reconciliation Act of 1981; H.R. 3982], 95 Stat. 357 at 
740 and 746, approved August 13, 1981, Public Law 98-181 [Supplemental 
Appropriations Act, 1984; H.R. 3959], 97 Stat. 1153, approved November 
 30, 1983; Public Law 99-190 [Further Continuing Appropriations, 1986; 
 H.J. Res. 465], 99 Stat. 1185, approved December 19, 1985; Public Law 
99-591 [Continuing Appropriations Act, 1987; H.J. Res. 738], 100 Stat. 
    3341, approved October 30, 1986; Public Law 100-202 [Continuing 
Appropriations, 1988; H.J. Res. 395], 101 Stat. 1329, approved December 
     22, 1987; H.R. 4645 as enacted by Public Law 100-461 [Foreign 
Operations, Export Financing, and Related Programs Appropriations Act, 
1989; H.R. 4637], 102 Stat. 2268, approved October 1, 1988; Public Law 
101-240 [International Development and Finance Act of 1989; H.R. 2494], 
103 Stat. 2492, approved December 19, 1989; Public Law 102-511 [FREEDOM 
   Support Act, S. 2532], 106 Stat. 3320, approved October 24, 1992; 
Public Law 103-149 [South African Democratic Transition Support Act of 
 1993; H.R. 3225], 107 Stat. 1503, approved November 23, 1993; Public 
     Law 105-277 [Omnibus Consolidated and Emergency Supplemental 
Appropriations Act, 1999; H.R. 4328] 112 Stat. 2681-1, approved October 
    21, 1998; Public Law 106-36 [Miscellaneous Trade and Technical 
  Corrections Act of 1999; H.R. 435] 113 Stat 127, approved June 25, 
 1999; Public Law 106-113 [Consolidated Appropriations Act, 2000; H.R. 
 3194] 113 Stat. 1501, approved November 29, 1999; Public Law 106-429 
      [Foreign Operations, Export Financing and Related Programs 
Appropriations Act, 2001; H.R. 5526], 114 Stat. 1900, approved November 
6, 2000; and Public Law 111-32 [Supplemental Appropriations Act, 2009; 
           H.R. 2346], 123 Stat. 1859, approved June 24, 2009

  AN ACT To provide for the participation of the United States in the 
      International Monetary Fund and the International Bank for 
                    Reconstruction and Development.

    Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled,

                              short title

    Section 1. This Act may be cited as the ``Bretton Woods 
Agreements Act.''

                        acceptance of membership

    Sec. 2.\1\ The President is hereby authorized to accept 
membership for the United States in the International Monetary 
Fund (herein after referred to as the ``Fund''), and in the 
International Bank for Reconstruction and Development 
(hereinafter referred to as the ``Bank''), provided for the 
Articles of Agreement of the Fund and the Articles of Agreement 
of the Bank as set forth in the Final Act of the United Nations 
Monetary and Financial Conference dated July 22, 1944, and 
deposited in the archives of the Department of State.
---------------------------------------------------------------------------
    \1\ 22 U.S.C. 286.
---------------------------------------------------------------------------

     appointment of governors, executive directors, and alternates

    Sec. 3.\2\ (a) The President, by and with the advice and 
consent of the Senate, shall appoint a governor of the Fund who 
shall also serve as governor of the Bank, and an executive 
director of the Fund and an executive director of the Bank. The 
executive directors so appointed shall also serve provisional 
executive directors of the Fund and the Bank for the purposes 
of the respective Articles of Agreement. The term of office for 
the governor of the Fund and of the Bank shall be five years. 
The term of office for the executive directors shall be two 
years, but the executive directors shall remain in office until 
their successors have been appointed.
---------------------------------------------------------------------------
    \2\ 22 U.S.C. 286a. See sec. 3 of the International Finance 
Corporation Act, page 51. See sec. 3 of the International Development 
Association Act, page 41.
---------------------------------------------------------------------------
    (b) The President, by and with the advice and consent of 
the Senate, shall appoint an alternate for the governor of the 
fund and an alternate for the governor of the Bank.\3\ The 
President, by and with the advice and consent of the Senate, 
shall appoint an alternate for each of the executive directors. 
The alternate for each executive director shall be appointed 
from among individuals recommended to the President by the 
executive director. The terms of office for alternates for the 
governor and the executive directors shall be the same as the 
terms specified in subsection (a) for the governor and 
executive directors.
---------------------------------------------------------------------------
    \3\ Public Law 93-94 (87 Stat. 314) struck out ``who shall also 
serve as alternate for the governor of the bank'' and inserted in lieu 
thereof ``and an alternate for the governor of the Bank''.
---------------------------------------------------------------------------
    (c) \4\ Should the provisions of Schedule D of the Articles 
of Agreement of the Fund apply, the Governor of the Fund shall 
also serve as councillor, shall designate an alternate for the 
councillor, and may designate associates.
---------------------------------------------------------------------------
    \4\ Upon entry into force on April 1, 1978 of the amendments to the 
Articles of Agreement to the IMF, subsecs. (c) and (d), as provided for 
in sec. 2 of Public Law 94-564, became effective. The old subsec. (c) 
language that was struck out was essentially the same as the new 
subsec. (d)(1) but without references to the councillor or associate.
---------------------------------------------------------------------------
    (d) \4\ (1) \5\ No person shall be entitled to receive any 
salary or other compensation from the United States for 
services as a Governor, executive director, councillor, 
alternate, or associate.
---------------------------------------------------------------------------
    \5\ Sec. 2 of Public Law 95-435 (92 Stat. 1051) added the paragraph 
designation ``(1)'' and added paras. (2) and (3).
---------------------------------------------------------------------------
    (2) \5\ The United States executive director of the Fund 
shall not be compensated by the Fund at a rate in excess of the 
rate provided for an individual occupying a position at level 
IV of the Executive Schedule under section 5315 of title 5, 
United States Code. The United States alternate executive 
director of the Fund shall not be compensated by the Fund at a 
rate in excess of the rate provided for an individual occupying 
a position at level V of the Executive Schedule under section 
5316 of title 5, United States Code.
    (3) \5\ The Secretary of the Treasury shall instruct the 
United States executive director of the Fund to present to the 
Fund's Executive Board a comprehensive set of proposals, 
consistent with maintaining high levels of competence of Fund 
personnel and consistent with the Articles of Agreement, with 
the objective of assuring that salaries and other compensation 
accorded Fund employees do not exceed those received by persons 
filling similar levels of responsibility within national 
government service or private industry. The Secretary shall 
report these proposals together with any measures adopted by 
the Fund's Executive Board to the Congress prior to February 1, 
1979.

   national advisory council on international monetary and financial 
                                problems

    Sec. 4.\6\ (a) In order to coordinate the policies and 
operations of the representatives of the United States on the 
Fund and the Bank and of all agencies of the Government which 
make or participate in making foreign loans or which engage in 
foreign financial, exchange or monetary transactions, there is 
hereby established the National Advisory Council on 
International Monetary and Financial Problems (hereinafter 
referred to as the ``Council''), consisting of the Secretary of 
the Treasury, as Chairman, the Secretary of State, the 
Secretary of Commerce, the Chairman of the Board of Governors 
of the Federal Reserve System,\7\ the President of the Export-
Import Bank of Washington, and during such period as the 
Foreign Operations Administration shall continue to exist, the 
Director of the Foreign Operations Administration.
---------------------------------------------------------------------------
    \6\ 22 U.S.C. 286b. See sec. 5 of the International Finance 
Corporation Act, page 42. See sec. 4 of the International Development 
Association Act and sec. 4 of the Inter-American Development Bank Act, 
pages 51 and 62, respectively.
    For revisions of functions and status of the Council, see 
Reorganization Plan No. 4 of 1965 (sec. 16, sec. 3(a) and sec. 3(b)). 
See also Executive Order 11269.
    \7\ The material following ``Federal Reserve System,'' read as 
follows in the original Act: ``and the Chairman of the Board of 
Trustees of the Export-Import Bank of Washington''. Sec. 4(a) has been 
amended as follows:
    (1) The Economic Corporation Act of 1948 (62 Stat. 141), sec. 106 
of which amended sec. 4(a) so as to include the Administrator for 
Economic Cooperation ``during such period as the Economic Cooperation 
Administration shall continue to exist'';
    (2) The Mutual Security Act of 1951 (65 Stat. 378), sec. 501(e)(2) 
of which amended sec. 4(a), by striking out ``Economic Cooperation 
Administration'' and ``Administrator for Economic Cooperation'' and 
inserting in lieu thereof ``Mutual Security Agency'' and ``Director for 
Mutual Security'', respectively;
    (3) Reorganization Plan No. 5 of 1953, effective June 30, 1953 (67 
Stat. 637), sec. 7 of which abolished the function of the Chairman of 
the Board of Directors of the Export-Import Bank of Washington of being 
a member of the National Advisory Council;
    (4) Reorganization Plan No. 7 of 1953, effective August 1, 1953 (67 
Stat. 6400), sec. 4 of which provided that the Director of the Foreign 
Operations Administration should be a member of the National Advisory 
Council; and
    (5) Public Law 83-570 (68 Stat. 677, 678), sec. 2 of which inserted 
the part of the text quoted above following ``the Federal Reserve 
System''.
    Executive Order 10610 (20 F.R. 3179; effective July 1, 1955), 
abolished the Foreign Operations Administration and the Office of 
Director of the Foreign Operations Administration, and the membership 
of the Director of the Foreign Operations Administration on the 
National Advisory Council thereby expired by operation of law effective 
on that date.
---------------------------------------------------------------------------
    (b)(1) The Council, after consultation with the 
representatives of the United States on the Fund and the Bank, 
shall recommend to the President general policy directives for 
the guidance of the representatives of the United States on the 
Fund and the Bank.
    (2) The Council shall advise and consult with the President 
and the representatives of the United States on the Fund and 
the Bank on major problems arising in the administration of the 
Fund and the Bank.
    (3) The Council shall coordinate, by consultation or 
otherwise, so far as is practicable, the policies and 
operations of the representatives of the United States on the 
Fund and the Bank, the Export-Import Bank of Washington and all 
other agencies of the Government to the extent that they make 
or participate in the making of foreign loans or engage in 
foreign, financial, exchange or monetary transactions.
    (4) Whenever, under the Articles of Agreement of the Fund 
or the Articles of Agreement of the Bank, the approval, consent 
or agreement of the United States is required before an act may 
be done by the respective institutions, the decision as to 
whether such approval, consent, or agreement, shall be given or 
refused shall (to the extent such decision is not prohibited by 
section 5 of this Act) be made by the Council, under the 
general direction of the President. No governor, executive 
director, or alternate representing the United States shall 
vote in favor of any waiver of condition under article V, 
section 4, or in favor of any declaration of the United States 
dollar as a scarce currency under article VII, section 3, of 
the Articles of Agreement of the Fund, without prior approval 
of the Council.
    (5) \8\ The Council shall make such reports and 
recommendations to the President as he may from time to time 
request, or as the Council may consider necessary to more 
effectively or efficiently accomplish the purposes of this Act 
or the purposes for which the Council is created.
---------------------------------------------------------------------------
    \8\ Sec. 541 of the International Development and Finance Act of 
1989 (Public Law 101-240; 103 Stat. 2518) consolidated several 
reporting requirements into new secs. 1701 through 1703 and titles 
XVIII and XIX of the International Financial Institutions Act and 
repealed duplicative requirements in other legislation. Sec. 541(d)(1) 
of the International Development and Finance Act of 1989 (Public Law 
101-240; 103 Stat. 2518) repealed clauses (5) and (6), and redesignated 
clauses (7) and (8) as clauses (5) and (6), respectively. Clauses (5) 
and (6) formerly read as follows:
    ``(5) The Council shall transmit to the President and to the 
Congress an annual report with respect to the participation of the 
United States in the Fund and Bank.
    ``(6) Each such report shall contain such data concerning the 
operations and policies of the Fund and Bank, such recommendations 
concerning the Fund and Bank, and such other data and material as the 
Council may deem appropriate.''.
---------------------------------------------------------------------------
    (6) \8\ The general policy objectives of the guidance of 
the United States Executive Director of the Bank shall take 
into account the effect that development assistance loans have 
upon individual industry sectors and international commodity 
markets--
          (A) to minimize projected adverse impacts; and
          (B) to avoid, wherever possible, government 
        subsidization of production and exports of 
        international commodities without regard to economic 
        conditions in the markets for such commodities.
    (c) The representatives of the United States on the Fund 
and the Bank, and the Export-Import Bank of Washington (and all 
other agencies of the Government to the extent that they make 
or participate in the making of foreign loans or engage in 
foreign financial, exchange or monetary transactions) shall 
keep the Council fully informed of their activities and shall 
provide the Council with such further information or data in 
their possession as the Council may deem necessary to the 
appropriate discharge of its responsibilities under this Act.

           certain acts not to be taken without authorization

    Sec. 5.\9\ Unless Congress by law authorizes such action, 
neither the President nor any person or agency shall on behalf 
of the United States (a) request or consent to any change in 
the quota of the United States under article III, section 2(a), 
of the Articles of Agreement of the Fund; (b) propose a par 
value for the United States dollar under paragraph 2, paragraph 
4, or paragraph 10 of schedule C of the Articles of Agreement 
of the Fund; (c) propose any change in the par value of the 
United States dollar under paragraph 6 of schedule C of the 
Articles of Agreement of the Fund, or approve any general 
change in par values under paragraph 11 of schedule C; (d) 
subscribe to additional shares of stock under article II, 
section 3, of the Articles of Agreement of the Bank; (e) accept 
any amendment under article XXVIII of the Articles of Agreement 
of the Fund on article VIII of the Articles of Agreement of the 
Bank; (f) make any loan to the Fund or the Bank; or (g) \10\ 
approve any disposition of Fund gold, unless the Secretary 
certifies to the Congress that such disposition is necessary 
for the Fund to restitute gold to its members, or for the Fund 
to provide liquidity that will enable the Fund to meet member 
country claims on the Fund or to meet threats to the systemic 
stability of the international financial system. Unless 
Congress by law authorizes such action, no governor or 
alternate appointed to represent the United States shall vote 
for an increase of capital stock of the Bank under article II, 
section 2, of the Articles of Agreement of the Bank, if such 
increase involves an increased subscription on the part of the 
United States.\11\ Neither the President nor any person or 
agency shall, on behalf of the United States, consent to any 
borrowing (other than borrowing from a foreign government or 
other official public source) by the Fund or funds denominated 
in United States dollars, unless the Secretary of the Treasury 
transmits a notice of such proposed borrowing to both Houses of 
the Congress at least 60 days prior to the date on which such 
borrowing is scheduled to occur.\12\
---------------------------------------------------------------------------
    \9\ 22 U.S.C. 286c. Upon entry into force on April 1, 1978, of the 
amendments to the Articles of Agreement of the IMF, the first sentence 
of sec. 5, as provided for by sec. 3 of Public Law 94-564, was amended 
and restated. It formerly read as follows:
    ``Unless Congress by law authorizes such action, neither the 
President nor any person or agency shall on behalf of the United States 
(a) request or consent to any change in the quota of the United States 
under article III, section 2, of the Articles of Agreement of the Fund; 
(b) propose or agree to any change in the par value of the United 
States dollar under article IV, section 5, or article XX, section 4, of 
the Articles of Agreement of the Fund, or approve any general change in 
par values under article IV, section 7; (c) subscribe to additional 
shares of stock under article II, section 3, of the Articles of 
Agreement of the Bank; (d) accept any amendment under article XVII of 
the Articles of Agreement of the Fund or article VIII of the Articles 
of Agreement of the Bank; (e) make any loan to the Fund or the Bank.''.
    \10\ Clause (g), which had been added as part of the amendment 
described in footnote 9, was further amended by sec. 4(a)(1) of Public 
Law 95-147 (91 Stat. 1228) to read ``approve either the disposition of 
more than 25 million ounces of Fund gold for the benefit of the Trust 
Fund established by the Fund on May 6, 1976, or the establishment of 
any additional trust fund whereby resources of the International 
Monetary Fund would be used for the special benefit of a single member, 
or of a particular segment of the membership, of the Fund.'' Although 
it never became effective, the original clause (g) read as follows:
    ``(g) approve the establishment of any additional trust fund, for 
the special benefit of a single member, or of a particular segment of 
the membership, of the Fund.''.
    Sec. 504(d)(1) of Public Law 106-113 (113 Stat. 1501A-317) further 
amended clause (g) by striking the clause as read above and inserting 
``approve any disposition of Fund gold, unless the Secretary certifies 
to the Congress that such disposition is necessary for the Fund to 
restitute gold to its members, or for the Fund to provide liquidity 
that will enable the Fund to meet member country claims on the Fund or 
to meet threats to the systemic stability of the international 
financial system.''.
    \11\ Sec. 1(2) of Public Law 89-126 (79 Stat. 519) inserted ``, if 
such increase involves an increased subscription on the part of the 
United States''.
    \12\ Sec. 811 of Public Law 98-181 (97 Stat. 1274) added this 
sentence.
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                              depositories

    Sec. 6.\13\ Any Federal Reserve Bank which is requested to 
do so by the Fund or the Bank shall act as its depository or 
its fiscal agent, and the Board of Governors of the Federal 
Reserve System shall supervise and direct the carrying out of 
these functions by the Federal Reserve banks.
---------------------------------------------------------------------------
    \13\ 22 U.S.C. 286d.
---------------------------------------------------------------------------

                        payment of subscriptions

    Sec. 7. (a) Subsection (c) of section 10 of the Gold 
Reserve Act of 1934, as amended (U.S.C. title 31, sec. 
822a),\14\ is amended to read as follows:
---------------------------------------------------------------------------
    \14\ Public Law 97-258 recodified title 31, U.S.C., and sec. 822a 
became sec. 5302. Public Law 97-258, in redesignating sec. 822a as sec. 
5302, also amended the text, and the amendment made to subsec. (c) by 
this section was omitted.
---------------------------------------------------------------------------
    ``(c) The Secretary of the Treasury is directed to use 
$1,800,000,000 of the fund established in this section to pay 
part of the subscription of the United States to the 
International Monetary Fund; and any repayment thereof shall be 
covered into the Treasury as a miscellaneous receipt.''.
    (b) \15\ The Secretary of the Treasury is authorized to pay 
the balance \16\ of the subscription of the United States to 
the Fund not provided for in subsection (a) and to pay the 
subscription of the United States to the Bank from time to time 
when payments are required to be made to the Bank. For the 
purpose of making these payments, the Secretary of the Treasury 
is authorized to use as a public-debt transaction 
$8,675,000,000 \16\ of the proceeds of any securities hereafter 
issued under the Second Liberty Bond Act, as amended, and the 
purposes for which securities may be issued under that Act are 
extended to include such purpose. Payment under this subsection 
of the subscription of the United States to the Fund or the 
Bank and repayments thereof shall be treated as public-debt 
transactions of the United States.
---------------------------------------------------------------------------
    \15\ 22 U.S.C. 286e.
    \16\ Sec. 2 of Public Law 86-48 (73 Stat. 80) struck out ``of 
$950,000,000'' after ``authorized to pay the balance'', and struck out 
``$4,125,000,000'' and inserted in lieu thereof ``$8,675,000,000''.
---------------------------------------------------------------------------
    (c) For the purpose of keeping to a minimum the cost to the 
United States of participation in the Fund and the Bank, the 
Secretary of the Treasury, after paying the subscription of the 
United States to the Fund, and any part of the subscription of 
the United States to the Bank required to be made under article 
II, section 7(i), of the Articles of Agreement of the Bank, is 
authorized and directed to issue special notes of the United 
States from time to time at par and to deliver such notes to 
the Fund and the Bank in exchange for dollars to the extent 
permitted by the respective Articles of Agreement. The special 
notes provided for in this subsection shall be issued under the 
authority and subject to the provisions of the Second Liberty 
Bond Act, as amended, and the purposes for which securities may 
be issued under that Act are extended to include the purposes 
for which special notes are authorized and directed to be 
issued under the subsection, but such notes shall bear no 
interest, shall be non-negotiable, and shall be payable on 
demand of the Fund or the Bank, as the case may be. The face 
amount of special notes issued to the Fund under the authority 
of this subsection and outstanding at any one time shall not 
exceed in the aggregate the amount of the subscription of the 
United States actually paid to the Fund and the dollar 
equivalent of currencies and gold which the United States shall 
have purchased from the Fund in accordance with Articles of 
Agreement,\17\ and the face amount of such notes issued to the 
Bank and outstanding at any one time shall not exceed in the 
aggregate the amount of the subscription of the United States 
actually paid to the Bank under article II, section 7(i), of 
the Articles of Agreement of the Bank.
---------------------------------------------------------------------------
    \17\ Sec. 2 of Public Law 87-490 (76 Stat. 105) inserted ``and the 
dollar equivalent of currencies and gold which the United States shall 
have purchased from the Fund in accordance with Articles of 
Agreement''.
---------------------------------------------------------------------------
    (d) Any payment made to the United States by the Fund or 
the Bank as a distribution of net income shall be covered into 
the Treasury as a miscellaneous receipt.

                  obtaining and furnishing information

    Sec. 8.\18\ (a) Whenever a request is made by the Fund to 
the United States as a member to furnish data under article 
VIII, section 5, of the Articles of Agreement, of the Fund, the 
President may, through any agency he may designate, require any 
person to furnish such information as the President may 
determine to be essential to comply with such request. In 
making such determination the President shall seek to collect 
the information only in such detail as is necessary to comply 
with the request of the Fund. No information so acquired shall 
be furnished to the Fund in such detail that the affairs of any 
person are disclosed.
---------------------------------------------------------------------------
    \18\ 22 U.S.C. 286f.
---------------------------------------------------------------------------
    (b) In the event any person refuses to furnish such 
information when requested to do so, the President, through any 
designated governmental agency, may by subpoena require such 
person to appear and testify or to appear and produce records 
and other documents, or both. In case of contumacy by, or 
refusal to obey a subpoena served upon any such person, the 
district court for any district in which such person is found 
or resides or transacts business, upon application by the 
President or any governmental agency designated by him, shall 
have jurisdiction to issue an order requiring such person to 
appear and give testimony or appear and produce records and 
documents, or both; and any failure to obey such order of the 
court may be punished by such court as a contempt thereof.
    (c) It shall be unlawful for any officer or employee of the 
Government, or for any adviser or consultant to the Government, 
to disclose, otherwise than in the course of official duty, any 
information obtained under this section, or to use such 
information for his personal benefit. Whoever violates any of 
the provisions of this subsection shall, upon conviction, be 
fined not more than, $5,000, or imprisoned for not more than 
five years, or both.
    (d) The term ``person'' as used in this section means an 
individual, partnership, corporation or association.

       financial transactions with foreign governments in default

    Sec. 9. The Act entitled ``An Act to prohibit financial 
transactions with any foreign government in default of its 
obligations to the United States'', approved April 13, 1934 
(U.S.C. title 31, sec. 804a),\19\ is amended by adding at the 
end thereof a new section to read as follows:
---------------------------------------------------------------------------
    \19\ Sec. 21 of the Act of June 25, 1948 (62 Stat. 862) repealed 31 
U.S.C. 804a. Matters related to financial transactions with foreign 
governments in default to the United States are now covered by 18 
U.S.C. 955.
---------------------------------------------------------------------------
    ``Sec. 3. While any foreign government is a member both of 
the International Monetary Fund and of the International Bank 
for Reconstruction and Development, this Act shall not apply to 
the sale or purchase of bonds, securities, or other obligations 
of such government or any political subdivision thereof or of 
any organization or association acting for or on behalf of such 
government or political subdivision, or to the making of any 
loan to such government, political subdivision, organization, 
or association.''.

                   jurisdiction and venue of actions

    Sec. 10.\20\ For the purpose of any action which may be 
brought within the United States or its Territories or 
possessions by or against the Fund or the Bank in accordance 
with the Articles of Agreement of the Fund or the Articles of 
Agreement of the Bank, the Fund or the Bank, as the case may 
be, shall be deemed to be an inhabitant of the Federal judicial 
district in which its principal office in the United States is 
located, and any such action at law or in equity to which 
either the Fund or the Bank shall be a party shall be deemed to 
arise under the laws of the United States, and the district 
courts of the United States shall have original jurisdiction of 
any such action. When either the Fund or the Bank is a 
defendant in any such action, it may, at any time before the 
trial thereof, remove such action from a State court into the 
district court of the United States for the proper district by 
following the procedure for removal of causes otherwise 
provided by law.
---------------------------------------------------------------------------
    \20\ 22 U.S.C. 286g.
---------------------------------------------------------------------------

                   status, immunities and privileges

    Sec. 11.\21\ The provisions of article IX, sections 2 to 9, 
both inclusive, and the first sentence of article VIII, section 
2(b), of the Articles of Agreement of the Fund, and the 
provisions of article VI, section 5(i), and article VII, 
sections 2 to 9, both inclusive, of the Articles of Agreement 
of the Bank, shall have full force and effect in the United 
States and its Territories and possessions upon acceptance of 
membership by the United States in, and the establishment of, 
the Fund and the Bank, respectively.
---------------------------------------------------------------------------
    \21\ 22 U.S.C. 286h.
---------------------------------------------------------------------------

                    stabilization loans by the bank

    Sec. 12.\22\ The governor and executive director of the 
Bank appointed by the United States are hereby directed to 
obtain promptly an official interpretation by the Bank as to 
its authority to make or guarantee loans for programs of 
economic reconstruction and the reconstruction of monetary 
systems, including loan-term stabilization loans. If the Bank 
does not interpret its powers to include the making or 
guaranteeing of such loans, the governor of the Bank 
representing the United States is hereby directed to propose 
promptly and support an amendment to the Articles of Agreement 
for the purpose of explicitly authorizing the Bank, after 
consultation with the Fund, to make or guarantee such loans. 
The President is hereby authorized and directed to accept an 
amendment to that effect on behalf of the United States.
---------------------------------------------------------------------------
    \22\ 22 U.S.C. 286i.
---------------------------------------------------------------------------

                  stabilization operations by the fund

    Sec. 13.\23\ (a) The governor and executive director of the 
Fund appointed by the United States are hereby directed to 
obtain promptly an official interpretation by the Fund as to 
whether its authority to use its resources extends beyond 
current monetary stabilization operations to afford temporary 
assistance to members in connection with seasonal, cyclical, 
and emergency fluctuations in the balance of payments of any 
member for current transactions, and whether it has authority 
to use its resources to provide facilities for relief, 
reconstruction, or armaments, or to meet a large or sustained 
outflow of capital on the part of any member.
---------------------------------------------------------------------------
    \23\ 22 U.S.C. 286j.
---------------------------------------------------------------------------
    (b) If the interpretation by the Fund answers in the 
affirmative any of the questions stated in subsection (a), the 
governor of the Fund representing the United States is hereby 
directed to propose promptly and support an amendment to the 
Articles of Agreement for the purpose of expressly negativing 
such interpretation. The President is hereby authorized and 
directed to accept an amendment to that effect on behalf of the 
United States.

         further promotion of international economic relations

    Sec. 14.\24\ (a) \25\ In the realization that additional 
measures of international economic cooperation are necessary to 
facilitate the expansion and balanced growth of international 
trade and render most effective the operations of the Fund and 
the Bank, it is hereby declared to be the policy of the United 
States to seek to bring about further agreement and cooperation 
among nations and international bodies, as soon as possible, on 
ways and means which will best reduce obstacles to and 
restrictions upon international trade, eliminate unfair trade 
practices, promote mutually advantageous commercial relations, 
and otherwise facilitate the expansion and balanced growth of 
international trade and promote the stability of international 
economic relations. In considering the policies of the United 
States in foreign lending and the policies of the Fund and the 
Bank, particularly in conducting exchange transactions, the 
Council and the United States representatives on the Fund and 
the Bank shall give careful consideration to the progress which 
has been made in achieving such agreement and cooperation.
---------------------------------------------------------------------------
    \24\ 22 U.S.C. 286k.
    \25\ Sec. 4(a)(2) of Public Law 95-147 (91 Stat. 1228) added 
subsection designation ``(a)'' and a new subsec. (b).
---------------------------------------------------------------------------
    (b) \25\ The President shall, upon the request of any 
committee of the Congress with legislative or oversight 
jurisdiction over monetary policy or the International Monetary 
Fund, provide to such committee any appropriate information 
relevant to that committee's jurisdiction which is furnished to 
any department or agency of the United States by the 
International Monetary Fund. The President shall comply with 
this provision consistent with United States membership 
obligations in the International Monetary Fund and subject to 
such limitations as are appropriate to the sensitive nature of 
the information.
    Sec. 15.\26\ (a) Any securities issued by International 
Bank for Reconstruction and Development (including any guaranty 
by the Bank, whether or not limited in scope), and any 
securities guaranteed by the Bank as to both principal and 
interest, shall be deemed to be exempted securities within the 
meaning of paragraph (A)(2) of section 3 of the Act of May 27, 
1933, as amended (U.S.C., title 15, sec. 77c), and paragraph 
(a)(12) of section 3 of the Act of June 6, 1934, as amended 
(U.S.C., title 15, sec. 78c). The Bank shall file with the 
Securities and Exchange Commission such annual and other 
reports with regard to such securities as the Commission shall 
determine to be appropriate in view of the special character of 
the Bank and its operations and necessary in the public 
interest for the protection of investors.
---------------------------------------------------------------------------
    \26\ 22 U.S.C. 286k-1. Sec. 2 of Public Law 81-142 (63 Stat. 298-
299) added sec. 15.
---------------------------------------------------------------------------
    (b) \27\ * * * [Repealed--1989]
---------------------------------------------------------------------------
    \27\ Sec. 541 of the International Development and Finance Act of 
1989 (Public Law 101-240; 103 Stat. 2518) consolidated several 
reporting requirements into new secs. 1701 through 1703 and titles 
XVIII and XIX of the International Financial Institutions Act and 
repealed duplicative requirements in other legislation. Sec. 541(d)(1) 
of the International Development and Finance Act of 1989 (Public Law 
101-240; 103 Stat. 2518) repealed sec. 15(b), which read as follows:
    ``The reports of the National Advisory Council provided for in 
section 4(a)(6) of the Bretton Woods Agreements Act shall also cover 
and include the effectiveness of the provisions of section 15(a) of 
this Act and the exemption for securities issued by the Bank provided 
by Section 8 of the National Bank Act in facilitating the operations of 
the Bank and the extent to which the operations of the Bank may assist 
in financing European recovery and the reconstruction and development 
of the economic resources of member countries of the Bank and the 
recommendations of the Council as to any modifications it may deem 
desirable in the provisions of this Act.''.
---------------------------------------------------------------------------
    Sec. 16.\28\ (a) The United States Governor of the Fund is 
authorized to request and consent to an increase of 
$1,375,000,000 in the quota of the United States under article 
III, section 2, of the articles of agreement of the Fund as 
proposed in the resolution of the Board of Governors of the 
Fund dated February 2, 1959.
---------------------------------------------------------------------------
    \28\ 22 U.S.C. 286e-1.
---------------------------------------------------------------------------
    (b) The United States Governor of the Bank is authorized 
(1) to vote for increases in the capital stock of the Bank 
under article II, section 2, of the Articles of Agreement of 
the Bank, as recommended in the resolution of the Board of 
Governors of the Bank dated February 2, 1959, and (2) if such 
increases become effective to subscribe on behalf of the United 
States to thirty-one thousand seven hundred and fifty 
additional shares of stock under article II, section 3, of the 
Articles of Agreement of the Bank.
    Sec. 17.\29\ (a) In order to carry out the purposes of the 
decision of January 5, 1962, and February 24, 1983, and January 
27, 1997,\30\ as amended in accordance with their terms,\31\ of 
the Executive Directors of the International Monetary Fund, the 
Secretary of the Treasury is authorized to make loans, in an 
amount not to exceed the equivalent of 6,712,000,000 \32\ 
Special Drawing Rights, limited to such amounts as are provided 
in advance in appropriations Acts,\33\ except that prior to 
activation, the Secretary of the Treasury shall certify that 
supplementary resources are needed to forestall or cope with an 
impairment of the international monetary system and that the 
Fund has fully explored other means of funding,\34\ to the Fund 
under article VII, section 1(i),\35\ of the Articles of 
Agreement of the Fund. Any loan under the authority granted in 
this subsection shall be made with due regard to the present 
and prospective balance of payments and reserve position of the 
United States.
---------------------------------------------------------------------------
    \29\ 22 U.S.C. 286e-z. Public Law 87-490 (76 Stat. 105) added sec. 
17.
    \30\ Sec. 609(1)(A) of Public Law 105-277 (112 Stat. 2681-224) 
struck out ``and February 24, 1983'' and inserted in lieu thereof 
``February 24, 1983, and January 27, 1997''.
    \31\ Sec. 802(a)(1) of Public Law 98-181 (97 Stat. 1268) inserted 
``and February 24, 1983, as amended in accordance with their terms,''.
    \32\ Sec. 609(1)(B) of Public Law 105-277 (112 Stat. 2681-224) 
struck out ``4,250,000,000'' and inserted in lieu thereof 
``6,712,000,000''.
    \33\ Sec. 1101(b) of Public Law 98-181 (97 Stat. 1287) appropriated 
for an increase in loans to the IMF under the General Arrangements to 
Borrow, the dollar equivalent of 4,250 million Special Drawing Rights, 
less $2 billion previously appropriated by Public Law 87-872.
    \34\ Sec. 802(a)(1) of Public Law 98-181 (97 Stat. 1268) struck out 
``not to exceed $2,000,000,000 outstanding at any one time'' and 
inserted in lieu thereof the words to this point beginning with ``in an 
amount not to exceed the equivalent of''.
    \35\ Upon entry into force of the amendments to the Articles of 
Agreement of the IMF on April 1, 1978, this reference to sec. 1(i) was 
substituted in lieu of a reference to sec. 2(i), as had been provided 
for by sec. 4 of Public Law 94-564.
---------------------------------------------------------------------------
    (b) For the purpose of making loans to the International 
Monetary Fund pursuant to this section, there is hereby 
authorized to be appropriated 6,712,000,000 Special Drawing 
Rights, except that prior to activation, the Secretary of the 
Treasury shall certify whether supplementary resources are 
needed to forestall or cope with an impairment of the 
international monetary system and that the Fund has fully 
explored other means of funding,\36\ to remain available until 
expended to meet calls by the International Monetary Fund. Any 
payments made to the United States by the International 
Monetary Funds as a repayment on account of the principal of a 
loan made under this section shall continue to be available for 
loans to the International Monetary Fund.
---------------------------------------------------------------------------
    \36\ Sec. 802(a)(2) of Public Law 98-181 (97 Stat. 1268) struck out 
``$2,000,000,000'' and inserted in lieu thereof ``4,250,000,000 Special 
Drawing Rights, except that prior to activation, the Secretary of the 
Treasury shall certify whether supplementary resources are needed to 
forestall or cope with an impairment of the international monetary 
system and that the Fund has fully explored other means of funding,''.
    Sec. 609(2) of Public Law 105-277 (112 Stat. 2681-224) subsequently 
struck out ``4,250,000,000'' and inserted in lieu thereof 
``6,712,000,000''.
---------------------------------------------------------------------------
    (c) Payments of interest and charges to the United States 
on account of any loan to the International Monetary Fund shall 
be covered into the Treasury as miscellaneous receipts. In 
addition to the amount authorized in subsection (b), there is 
hereby authorized to be appropriated such amounts as may be 
necessary for the payment of charges in connection with any 
purchases of currencies or gold by the United States from the 
International Monetary Fund.
    (d) \37\ Unless the Congress by law so authorizes, neither 
the President, the Secretary of the Treasury, nor any other 
person acting on behalf of the United States, may instruct the 
United States Executive Director to the Fund to consent to any 
amendment to the Decision of February 24, 1983, or the Decision 
of January 27, 1997,\38\ of the Executive Directors of the 
Fund, if the adoption of such amendment would significantly 
alter the amount, terms, or conditions of participation by the 
United States in the General Arrangements to Borrow or the New 
Arrangements to Borrow, as applicable.\39\
---------------------------------------------------------------------------
    \37\ Sec. 802(a)(3) of Public Law 98-181 (97 Stat. 1268) added 
subsec. (d).
    \38\ Sec. 609(3)(A) of Public Law 105-277 (112 Stat. 2681-224) 
inserted ``or the Decision of January 27, 1997,'' after February 24, 
1983,''.
    \39\ Sec. 609(3)(B) of Public Law 105-277 (112 Stat. 2681-224) 
inserted ``or the New Arrangements to Borrow, as applicable'' before 
the period.
---------------------------------------------------------------------------
    Sec. 18.\40\ Any purchases of currencies or gold by the 
United States from the International Monetary Fund may be 
transferred to and administered by the Fund established by 
section 10 of the Gold Reserve Act of 1934, as amended (31 
U.S.C. 822a),\41\ for use in accordance with the provisions of 
that section. The Secretary of the Treasury is authorized to 
utilize the resources of that fund for the purpose of any 
repayments in connection with such transactions.
---------------------------------------------------------------------------
    \40\ 22 U.S.C. 286-3. Public Law 87-490 (76 Stat. 105) added sec. 
18.
    \41\ Public Law 97-258 recodified title 31, U.S.C., and sec. 822a 
became sec. 5302.
---------------------------------------------------------------------------
    Sec. 19.\42\ The United States Governor of the Bank is 
authorized to vote for an increase of $1,000,000,000 in the 
authorized capital stock of the Bank under Article II, section 
2, of the Articles of Agreement of the Bank, as recommended in 
the report, dated November 6, 1962, to the Board of Governors 
of the Bank by the Bank's Executive Directors.
---------------------------------------------------------------------------
    \42\ 22 U.S.C. 286e-1a. Public Law 88-178 (77 Stat. 234) added sec. 
19.
---------------------------------------------------------------------------
    Sec. 20.\43\ (a) The United States Governor of the Fund is 
authorized to consent to an increase of $1,035,000,000 in the 
quota of the United States in the Fund.
---------------------------------------------------------------------------
    \43\ 22 U.S.C. 286e-1b. Public Law 89-31 (79 Stat. 119) added sec. 
20.
---------------------------------------------------------------------------
    (b) In order to pay the increase in the United States 
subscription to the Fund provided for in this section, there is 
hereby authorized to be appropriated $1,035,000,000, to remain 
available until expended.
    Sec. 21.\44\ The United States Governor of the Bank is 
authorized to agree to an amendment to the Articles of 
Agreement of the Bank to permit the Bank to make, participate 
in, or guarantee loans to the International Finance Corporation 
for use in the lending operations of the latter.
---------------------------------------------------------------------------
    \44\ 22 U.S.C. 286e-4. Public Law 89-126 (79 Stat. 519) added sec. 
21.
---------------------------------------------------------------------------
    Sec. 22.\45\ (a) The United States Governor of the Bank is 
authorized to consent to an increase of $1,540,000,000 in the 
quota of the United States in the Fund.
---------------------------------------------------------------------------
    \45\ 22 U.S.C. 286e-1c. Public Law 91-599 (84 Stat. 1657) added 
sec. 22.
---------------------------------------------------------------------------
    (b) In order to pay the increase in the United States quota 
in the Fund provided for in this section, there is hereby 
authorized to be appropriated $1,540,000,000, to remain 
available until expended.
    Sec. 23.\46\ (a) The United States Governor of the Bank is 
authorized (1) to vote for an increase of $3,000,000,000 in the 
authorized capital stock of the Bank, and (2) if such increase 
becomes effective, to subscribe on behalf of the United States 
to two thousand four hundred and sixty-one additional shares of 
the capital stock of the Bank.
---------------------------------------------------------------------------
    \46\ 22 U.S.C. 286e-1d. Public Law 91-599 (84 Stat. 1657) added 
sec. 23.
---------------------------------------------------------------------------
    (b) In order to pay for the increase in the United States 
subscription to the Bank provided for in this section, there is 
hereby authorized to be appropriated $246,100,000 to remain 
available until expended.
    Sec. 24.\47\ The United States Governor of the Bank is 
authorized to accept the amendments to the Articles of 
Agreement of the Fund approved in resolution numbered 31-4 of 
the Board of Governors of the Fund.
---------------------------------------------------------------------------
    \47\ 22 U.S.C. 286e-5. Sec. 1 of Public Law 94-564 (90 Stat. 2660) 
added sec. 24.
---------------------------------------------------------------------------
    Sec. 25.\48\ The United States Governor of the Bank is 
authorized to consent to an increase in the quota of the United 
States in the Fund equivalent to 1,705 million Special Drawing 
Rights.
---------------------------------------------------------------------------
    \48\ 22 U.S.C. 286e-1e. Sec. 1 of Public Law 94-564 (90 Stat. 2660) 
added sec. 25.
---------------------------------------------------------------------------
    Sec. 26.\49\ The United States Governor of the Bank is 
directed to vote against the establishment of a Council 
authorized under Article XII, Section 1 of the Fund Articles of 
Agreement as amended, if under any circumstances the United 
States' vote in the Council would be less than its weighted 
vote in the Fund.
---------------------------------------------------------------------------
    \49\ 22 U.S.C. 286e-6. Sec. 1 of Public Law 94-564 (90 Stat. 2660) 
added sec. 26.
---------------------------------------------------------------------------
    Sec. 27.\50\ (a) The United States Governor of the Bank is 
authorized--
---------------------------------------------------------------------------
    \50\ 22 U.S.C. 286e-1f. Sec. 201 of Public Law 95-118 (91 Stat. 
1067) added sec. 27.
---------------------------------------------------------------------------
          (1) to vote for an increase of seventy thousand 
        shares in the authorized capital stock of the Bank; and
          (2) if such increase becomes effective, to subscribe 
        on behalf of the United States to thirteen thousand and 
        five additional shares of the capital stock of the 
        Bank: Provided, however, That any subscription to 
        additional shares shall be effective only to such 
        extent or in such amounts as are provided in advance in 
        appropriation Acts.\51\
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    \51\ Sec. 1312 of Public Law 97-35 (95 Stat. 740) amended and 
restated the proviso clause in para. (2). It formerly read as follows: 
``That any subscription to additional shares shall be made only after 
the amount required for such description has been appropriated.''.
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    (b) In order to pay for the increase in the United States 
subscription to the Bank provided for in this section, there 
are hereby authorized to be appropriated, without fiscal year 
limitations, $1,568,856,318 for payment by the Secretary of the 
Treasury.\52\
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    \52\ U.S. payments for this increase were made in the following 
amounts and Public Laws: fiscal year 1978--$380 million ($38 million 
paid-in capital; $342 million callable capital) (Public Law 95-148); 
fiscal year 1979--$163.1 million ($16.3 million paid-in capital; $146.8 
million callable capital) (Public Law 95-481); fiscal year 1980--$163.1 
million ($16.3 million paid-in capital; $146.8 million callable 
capital) (Public Law 96-123); fiscal year 1981--$328 million ($32.8 
million paid-in capital; $295.2 million callable capital) (Public Law 
96-536); fiscal year 1982 $371.7 million ($37.2 million paid-in 
capital; $334.5 million callable capital) (Public Law 97-121); fiscal 
year 1983--$163.2 million ($16.3 million paid-in capital; $146.9 
million callable capital) (Public Law 97-377).
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    Sec. 28.\53\ (a) For the purpose of participation of the 
United States in the Supplementary Financing Facility 
(hereinafter referred to as the ``facility'') established by 
the decision numbered 5508-(77/127) of the Executive Directors 
of the Fund, the Secretary of the Treasury is authorized to 
make resources available as provided in the decision numbered 
5509-(77/127) of the Fund, in an amount not to exceed the 
equivalent of 1,450 million Special Drawing Rights.
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    \53\ 22 U.S.C. 286e-7. Sec. 1 of Public Law 95-435 (92 Stat. 1051) 
added sec. 28.
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    (b) The Secretary of the Treasury shall account, through 
the Fund established by section 10 of the Gold Reserve Act of 
1934 (31 U.S.C. 822a), for any adjustment in the value of 
monetary assets held by the United States in respect to United 
States participation in the facility.
    (c) Notwithstanding any other provision of this section, 
the authority of the Secretary to enter into agreements making 
resources available under this section shall be limited to such 
amounts as are appropriated in advance in appropriation Acts. 
Effective October 1, 1978, there are hereby authorized to be 
appropriated to the Secretary of the Treasury, without fiscal 
year limitation, such sums as are necessary to carry out 
subsection (a) of this section, but not to exceed an amount of 
dollars equivalent to 1,450 million Special Drawing Rights.\54\
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    \54\ Title V of Public Law 95-481 (92 Stat. 1600) stated:
    ``For the purpose of participation by the United States, in an 
amount equivalent to 1,450,000,000 Special Drawing Rights, in the 
Supplementary Financing Facility established by decision numbered 5508-
(77/127) of the Executive Directors of the Fund, as provided in the 
decision numbered 5509-(77/127) of the Fund, and for the expenditures 
resulting therefrom, not to exceed $1,831,640,000, to remain available 
until the termination of the facility:''.
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    Sec. 29.\55\ The Secretary of the Treasury shall instruct 
the United States executive director to seek to assure that no 
decision by the International Monetary Fund \56\ undermines or 
departs from United States policy regarding the comparability 
of treatment of public and private creditors in cases of debt 
rescheduling where official United States credits are involved.
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    \55\ 22 U.S.C. 286e-8. Sec. 3 of Public Law 95-435 (92 Stat. 1052) 
added sec. 29.
    \56\ Sec. 5 of Public Law 96-389 (94 Stat. 1554) struck out ``on 
the use of the facility'' after ``International Monetrary Fund''.
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    Sec. 30.\57\ The Secretary of the Treasury shall instruct 
the United States executive director on the Executive Board of 
the International Monetary Fund to initiate a wide consultation 
with the managing director of the Fund and other member country 
executive directors with regard to encouraging the staff of the 
Fund to formulate stabilization programs \58\ which, to the 
maximum feasible extent, foster a broader base of productive 
investment and employment, especially in those productive 
activities which are designed to meet basic human needs.
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    \57\ 22 U.S.C. 286e-9. Sec. 4 of Public Law 95-435 (92 Stat. 1052) 
added sec. 30. Sec. 541(f)(2) of International Development and Finance 
Act of 1989 (Public Law 101-240; 103 Stat. 2518) struck out subsec. 
designation ``(a)''.
    \58\ Sec. 2(b) of Public Law 96-389 (94 Stat. 1553) struck out 
``entered into pursuant to loans from the Supplementary Financing 
Facility'' after ``stabilization programs''.
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    (b) \59\ * * * [Repealed--1989]
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    \59\ Sec. 541 of the International Development and Finance Act of 
1989 (Public Law 101-240; 103 Stat. 2518) consolidated several 
reporting requirements into new secs. 1701 through 1703 and titles 
XVIII and XIX of the International Financial Institutions Act and 
repealed duplicative requirements in other legislation. Sec. 541(d)(1) 
of the International Development and Finance Act of 1989 (Public Law 
101-240; 103 Stat. 2518) repealed subsec. (b). It formerly read as 
follows:
    ``(b) In order to gain a better understanding of the social, 
political and economic impact of the Fund's stabilization programs on 
borrowing countries, especially as it relates to the poor majority 
within those countries, the United States Governor of the Fund shall 
prepare and submit, not later than 180 days after the close of each 
calendar year, a report to the Congress. Such report shall evaluate, to 
the maximum extent feasible, with respect to countries to which loans 
are made during each year, the effects of policies of those countries 
which result from the standby agreements on basic human needs in such 
countries.''.
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    Sec. 31.\60\ * * * [Repealed--1981]
---------------------------------------------------------------------------
    \60\ Sec. 137(a)(1) of Public Law 97-35 (95 Stat. 746) repealed 
sec. 31, which had required the Secretary of the Treasury to submit an 
annual report to Congress on the status of human rights in countries 
drawing on funds made available under the Supplementary Financing 
Facility of the IMF. Originally added by sec. 4 of Public Law 95-435 
(92 Stat. 1052). See sec. 701 of the International Financial 
Institutions Act. See also sec. 116 of the Foreign Assistance Act of 
1961 (Legislation on Foreign Relations Through 2008, vol. I-A) for a 
reporting requirement on country human rights practices.
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    Sec. 32.\61\ The United States Governor of the Fund is 
authorized to consent to an increase in the quota of the United 
States in the Fund equivalent to 4,202.5 million Special 
Drawing Rights, limited to such amounts as are appropriated in 
advance in appropriation Acts.\62\
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    \61\ 22 U.S.C. 286e-1g. Sec. 1 of Public Law 96-389 (94 Stat. 1551) 
added sec. 32.
    \62\ Sec. 11 of Public Law 96-389 (94 Stat. 1555) struck out ``to 
such extent or in such amounts are provided in appropriation Acts'' and 
inserted in lieu thereof ``limited to such amounts as are appropriated 
in advance in appropriation Acts''.
    Public Law 96-544 (94 Stat. 3213) provided: ``For an increase in 
the United States quota in the International Monetary Fund, the dollar 
equivalent of 4,202.5 million Special Drawing Rights (approximately 
$5,537,839,000), to remain available until expended, and balances 
equivalent to the current SDR value of the United States quota in the 
Fund shall be merged with this appropriation.''.
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    Sec. 33.\63\ (a) The President shall instruct the Secretary 
of the Treasury, the Secretary of State, and other appropriate 
Federal officials to use all appropriate means to encourage 
countries, in formulating economic adjustment programs to deal 
with their balance of payments difficulties, to design those 
programs so as to safeguard, to the maximum feasible extent, 
jobs, investment, real per capital income, policies to reduce 
the gap in wealth between rich and poor, and social programs 
such as health, housing, and education.
---------------------------------------------------------------------------
    \63\ 22 U.S.C. 286s. Sec. 2(a) of Public Law 96-389 (94 Stat. 1551) 
added sec. 33.
---------------------------------------------------------------------------
    (b) To ensure the effectiveness of economic adjustment 
programs supported by Fund resources and the reinforcement of 
those programs by longer term efforts to promote sustained 
growth and improved living conditions--
          (1) United States representatives to the Fund shall 
        recommend and shall work for changes in Fund 
        guidelines, policies, and decisions that would--
                  (A) permit stand-by arrangements to be 
                extended beyond three years, as necessary to 
                enable Fund members to implement their economic 
                adjustment programs successfully;
                  (B) provide that in approving any economic 
                adjustment program the Fund shall take into 
                account the effect such program will have on 
                jobs, investment, real per capita income, the 
                gap in wealth between the rich and poor, and 
                social programs such as health, housing, and 
                education, in order to seek to minimize the 
                adverse impact of those adjustment programs on 
                basic human needs; and
                  (C) provide that letters of intent submitted 
                to the Fund in support of an economic 
                adjustment program reflect that the member 
                country has taken into account the effect such 
                program will have on the factors listed in 
                subparagraph (B);
          (2)(A) before voting on the approval of any standby 
        arrangement with respect to any economic adjustment 
        program, the United States Executive Director shall 
        review--
                  (i) any analysis of factors prepared by the 
                Fund or the member country in accordance with 
                subparagraphs (B) and (C) of paragraph (1), or
                  (ii) if no such analysis is prepared and 
                available for such review, an analysis which 
                shall be prepared by the United States Governor 
                of the Fund which examines the effect of the 
                program on the factors listed in subparagraph 
                (B) of paragraph (1); and
          (B) the United States Executive Director of the Fund 
        shall take into account the analysis reviewed pursuant 
        to subparagraph (A) of this paragraph in voting on 
        approval of that standby arrangement;
          (3) United States representatives to the Fund, to the 
        Bank and to other appropriate institutions shall work 
        toward improving coordination among these institutions 
        and, in particular, shall work toward formulation of 
        programs in association with economic adjustment 
        programs supported by Fund resources which (A) will, 
        among other things, promote employment, investment, 
        real income per capita, improvements in income 
        distribution, and the objectives of social programs 
        such as health, housing, and education, and (B) will, 
        to the maximum extent feasible and consistent with the 
        borrowing country's need to improve its balance of 
        payments position within a reasonable period, 
        ameliorate any adverse effects of economic adjustment 
        programs on the poor;
          (4) United States representatives to the Fund and the 
        Bank shall seek amendments to decisions on policies on 
        the use of Fund and Bank resources to provide that 
        where countries are seeking Extended Fund Facility or 
        upper credit tranche drawings from the Fund and are 
        eligible to receive financing from the Bank, the Fund 
        and Bank will coordinate their financing activities in 
        order--
                  (A) to take into account the effects of 
                economic adjustment programs on the areas 
                listed in clause (A) of paragraph (3),
                  (B) to provide, to the extent feasible, Bank 
                project loans designed to safeguard and further 
                basic human needs in countries adopting 
                economic adjustment programs supported by Fund 
                resources, and
                  (C) to provide, as appropriate, Bank 
                financing for programs of structural adjustment 
                that will facilitate development of a 
                productive economic base and greater attainment 
                of basic human needs objectives over the longer 
                term; and
          (5) United States representatives to the Fund and the 
        Bank shall request the Fund and the Bank to provide 
        periodic analyses of the effects of economic adjustment 
        programs supported by Fund or Bank financing on jobs, 
        investment, real income per capita, income 
        distribution, and social programs such as health, 
        housing, and education.
    (c) \64\ * * * [Repealed--1989]
---------------------------------------------------------------------------
    \64\ Sec. 541 of the International Development and Finance Act of 
1989 (Public Law 101-240; 103 Stat. 2518) consolidated several 
reporting requirements into new secs. 1701 through 1703 and titles 
XVIII and XIX of the International Financial Institutions Act and 
repealed duplicative requirements in other legislation. Sec. 541(d)(1) 
repealed subsec. (c). It formerly read as follows:
    ``(c) The National Advisory Council on International Monetary and 
Financial Policies shall include in each of its annual reports to the 
Congress a statement detailing the actions and progress made in 
carrying out the requirements of subsections (a) and (b) of this 
section.''.
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    Sec. 34.\65\ The Secretary of the Treasury, in consultation 
with the United States Executive Director of the Fund, shall 
study and, following consultations with member countries, shall 
report to the Congress prior to May 15, 1981, with respect to--
---------------------------------------------------------------------------
    \65\ 22 U.S.C. 286t. Sec. 4(b) of Public Law 96-389 (94 Stat. 1553) 
added sec. 34.
---------------------------------------------------------------------------
          (1) the current adequacy of Fund resources, together 
        with projected needs of the Fund over the next five 
        years;
          (2) the feasibility of increasing Fund liquidity by 
        encouraging the Fund to borrow directly from the 
        governments of oil exporting countries;
          (3) the feasibility of increasing Fund liquidity by 
        encouraging the Fund to borrow in private capital 
        markets through the issuance of securities backed by 
        Fund resources;
          (4) the feasibility of an offer by the Fund of 
        incentives to oil exporting countries, including 
        financial guarantees by the Fund for government-to-
        government loans to countries with balance-of-payments 
        deficits, in order to promote more direct recycling of 
        oil surpluses; and
          (5) methods to enhance cooperation between commercial 
        banks and the Fund to promote the availability of 
        adequate resources for balance-of-payments financing.
    Sec. 35.\66\ It is the sense of the Congress that the 
Secretary of the Treasury and the United States Executive 
Director of the Fund shall encourage member countries of the 
Fund to negotiate a dollar-Special Drawing Rights substitution 
account in which equitable burden sharing would exist among 
participants in the account.
---------------------------------------------------------------------------
    \66\ 22 U.S.C. 286u. Sec. 4(b) of Public Law 96-389 (94 Stat. 1554) 
added sec. 35. A report required by sec. 35 from the Secretary of the 
Treasury by May 15, 1981, concerning progress made in achieving the 
goal stated in the section, was struck out by sec. 1371(a)(2) of Public 
Law 97-35 (95 Stat. 746).
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    Sec. 36.\67\ It is the sense of the Congress that it is the 
policy of the United States that Taiwan (before January 1, 
1979, known as the Republic of China) shall be granted 
appropriate membership in the Fund and that the United States 
Executive Director of the Fund shall so notify the Fund.
---------------------------------------------------------------------------
    \67\ 22 U.S.C. 286v. Sec. 6 of Public Law 96-389 (94 Stat. 1554) 
added sec. 36.
---------------------------------------------------------------------------
    Sec. 37.\68\ It is the policy of the United States that the 
Palestine Liberation Organization should not be given 
membership in the Fund or be given observer status or any other 
official status at any meeting sponsored by or associated with 
the Fund. The United States Executive Director of the Fund 
shall promptly notify the Fund of such policy.
---------------------------------------------------------------------------
    \68\ 22 U.S.C. 286w. Sec. 7 of Public Law 96-389 (94 Stat. 1554) 
added sec. 37.
---------------------------------------------------------------------------
    In the event that the fund provides either membership, 
observer status, or any other official status to the Palestine 
Liberation Organization, such action would result in a serious 
diminution of United States support. Upon review of such 
action, the President would be required to report his 
recommendations to the Congress with regard to any further 
United States participation in the Fund.\69\
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    \69\ Sec. 3 of the Middle East Peace Facilitation Act of 1993, as 
amended (Public Law 103-125; 107 Stat. 1309), authorized the President 
to suspend certain provisions of law as they applied to the P.L.O. or 
entities associated with it if certain conditions were met and the 
President so certified and consulted with relevant congressional 
committees. This authority was continued in the Middle East Peace 
Facilitation Act of 1994 (Public Law 103-236), and again in the Middle 
East Peace Facilitation Act of 1995 (Public Law 104-107).
    The President issued certifications, as provided for in the 1993, 
1994, and 1995 Acts, in Presidential Determination No. 94-13 of January 
14, 1994 (59 F.R. 4777), which was extended until January 1, 1995, by 
Presidential Determination No. 94-30 of June 30, 1994 (59 F.R. 35607); 
until July 1, 1995, by Presidential Determination No. 95-12 of December 
31, 1994 (60 F.R. 2673); until August 15, 1995, by Presidential 
Determination No. 95-31 of July 2, 1995 (60 F.R. 35827); until October 
1, 1995, by Presidential Determination No. 95-36 of August 14, 1995 (60 
F.R. 44725); until November 1, 1995, by Presidential Determination No. 
95-50 of September 30, 1995 (60 F.R. 53093); until December 31, 1995, 
by Presidential Determination No. 96-5 of November 13, 1995 (60 F.R. 
57821); until March 31, 1996, by Presidential Determination No. 96-8 of 
January 4, 1996 (61 F.R. 2889); until June 15, 1996, by Presidential 
Determination No. 96-20 of April 1, 1996 (61 F.R. 26019); until August 
12, 1996, by Presidential Determination No. 96-32 of June 14, 1996 (61 
F.R. 32629); until February 12, 1997, by Presidential Determination No. 
96-41 of August 12, 1996 (61 F.R. 43137); and until August 12, 1997, by 
Presidential Determination No. 97-17 of February 21, 1997 (62 F.R. 
9903).
    Authority to waive certain provisions is continued in general 
provisions of the Foreign Operations, Export Financing, and Related 
Programs Appropriations Act, 2006 (Public Law 109-102); see secs. 
534(d), 544, 547, and 550. See also sec. 555, restricting aid unless 
the Secretary of State certifies that certain conditions have been met 
pertaining to Palestinian statehood, sec. 558, prohibiting assistance 
to the Palestinian Broadcasting Corporation, and sec. 559, West Bank 
and Gaza Program.
    On December 5, 1997, the President waived the provisions of sec. 
1003 of the Anti-Terrorism Act of 1987 (Public Law 100-204) through 
June 4, 1998 (Presidential Determination No. 98-8; 62 F.R. 66255); 
further waived through November 26, 1998 (Presidential Determination 
No. 98-29; June 3, 1998; 63 F.R. 32711); through May 24, 1999 
(Presidential Determination No. 98-5; November 25, 1998; 63 F.R. 
68145); through October 21, 1999 (Presidential Determination No. 99-25; 
May 24, 1999; 64 F.R. 29537); through April 21, 2000 (Presidential 
Determination 00-2; October 21, 1999; 64 F.R. 58755); through October 
21, 2000 (Presidential Determination No. 2000-19; April 21, 2000; 65 
F.R. 24852); through October 17, 2001 (Presidential Determination No. 
01-13; April 17, 2001; 66 F.R. 20585); through April 16, 2002 
(Presidential Determination No. 2002-03; October 16, 2001; 66 F.R. 
53505); through October 16, 2002 (Presidential Determination No. 2002-
14; April 16, 2002; 67 F.R. 20427); through April 16, 2003 
(Presidential Determination No. 03-03; October 16, 2002; 67 F.R. 
65471); through October 16, 2003 (Presidential Determination No. 2003-
20; April 16, 2003; 68 F.R. 20327); through April 14, 2004 
(Presidential Determination No. 2004-04; October 14, 2003; 68 F.R. 
60841); through October 14, 2004 (Presidential Determination No. 2004-
28; April 14, 2004; 69 F.R. 21679); through April 14, 2005 
(Presidential Determination No. 2005-02; October 14, 2004; 69 F.R. 
62795); through October 14, 2005 (Presidential Determination No. 2005-
22; April 14, 2005; 70 F.R. 21611); through April 14, 2006 
(Presidential Determination No. 2006-01; October 14, 2005; 70 F.R. 
62225); through October 13, 2006 (Presidential Determination 2006-12; 
May 5, 2006; 71 F.R. 26409); through April 13, 2007 (Presidential 
Determination 2007-2; November 1, 2006; 71 F.R. 64437); through October 
11, 2007 (Presidential Determination 2007-16; April 20, 2007; 72 F.R. 
19781); through April 11, 2008 (Presidential Determination 2008-2; 
October 26, 2007; 72 F.R. 61033); through October 10, 2008 
(Presidential Determination 2008-18; April 24, 2008; 73 F.R. 22265); 
and through April 9, 2009 (Presidential Determination 2009-3; October 
22, 2008; 73 F.R. 62847).