2020 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 62 - International Financial Policy
Subchapter II - International Debt
Part B - International Debt Management Authority
Sec. 5332 - Actions to facilitate creation of Authority
| 22 U.S.C. § 5332 (2020) |
| §5332. Actions to facilitate creation of Authority |
|
(a) In general
No funds, appropriations, contributions, callable capital, financial guarantee, or any other financial support or obligation or contingent support or obligation on the part of the United States Government may be used for the creation, operation, or support of the International Debt Management Authority specified in section 5331 of this title, without the express approval of the Congress through subsequent law, nor shall any expenses associated with such authority, either directly or indirectly, accrue to any United States person without the consent of such person. Except as restricted in the preceding sentence, the Secretary of the Treasury shall review all potential resources available to the multilateral financial institutions which could be used to support the creation of the International Debt Management Authority. In the course of this review, the Secretary shall direct— (1) the United States Executive Director of the International Monetary Fund to determine the amount of, and alternative methods by which, gold stock of the Fund which, subject to action by its Board of Governors, could be pledged as collateral to obtain financing for the activities of the authority specified in section 5331 of this title; and (2) the United States Executive Director to the International Bank for Reconstruction and Development to determine the amount of, and alternative methods by which, liquid assets controlled by such Bank and not currently committed to any loan program which, subject to action by its Board of Governors, could be pledged as collateral for obtaining financing for the activities of the authority specified in section 5331 of this title. The Secretary of the Treasury shall include a report on the results of the review in the first report submitted under section 5331(c) of this title. (b) Construction of sectionSubsection (a) shall not be construed to affect any provision of the Articles of Agreement of the International Monetary Fund or of the International Bank for Reconstruction and Development or any agreement entered into under either of such Agreements. |
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(Pub. L. 100–418, title III, §3112, Aug. 23, 1988, 102 Stat. 1378.) |
| United States Code, 2018 Edition, Supplement 2, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 62 - INTERNATIONAL FINANCIAL POLICY SUBCHAPTER II - INTERNATIONAL DEBT Part B - International Debt Management Authority Sec. 5332 - Actions to facilitate creation of Authority |
| section 5332 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 102 Stat. 1378 |
| Public Law 100-418 |
