Go to previous versions
of
this Section
2021 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 7 - International Bureaus, Congresses, Etc.
Subchapter XV - International Monetary Fund and Bank for Reconstruction and Development
Sec. 286dd - Fund bailouts of banks; rescheduling of debt
Download PDF
22 U.S.C. § 286dd (2021) |
§286dd. Fund bailouts of banks; rescheduling of debt |
The Secretary of the Treasury shall instruct the United States Executive Director of the Fund— (1) to oppose and vote against any Fund drawing by a member country where, in his judgment, the Fund resources would be drawn principally for the purpose of repaying loans which have been imprudently made by banking institutions to the member country; and (2) to work to insure that the Fund encourages borrowing countries and banking institutions to negotiate, where appropriate, a rescheduling of debt which is consistent with safe and sound banking practices and the country's ability to pay. |
(July 31, 1945, ch. 339, §46, as added Pub. L. 98–181, title I [title VIII, §807], Nov. 30, 1983, 97 Stat. 1273.) |
United States Code, 2018 Edition, Supplement 3, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 7 - INTERNATIONAL BUREAUS, CONGRESSES, ETC. SUBCHAPTER XV - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT Sec. 286dd - Fund bailouts of banks; rescheduling of debt |
section 286dd |
2021 |
January 3, 2022 |
No |
standard |
97 Stat. 1273 |
Public Law 98-181 |
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.