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22 U.S.C. § 290i–3 — Limitation on allocations to the United States
Federal law — U.S. Code and appendices · legal_authorities
**(a)** Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the United States vote to allocate in each basic period Special Drawing Rights under article XVIII, sections 2 and 3, of the Articles of Agreement of the Fund so that allocations to the United States in that period exceed an amount equal to the United States quota in the Fund as authorized under the Bretton Woods Agreements Act [[22 U.S.C. 286](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286&num=0&edition=prelim) et seq.].
**(b)**
(1) Neither the President nor any person or agency shall on behalf of the United States vote to allocate Special Drawing Rights under article XVIII, sections 2 and 3, of the Articles of Agreement of the Fund without consultations by the Secretary of the Treasury at least 90 days prior to any such vote, with the Chairman and ranking minority members of the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives, and the appropriate subcommittees thereof.
(2) Such consultations shall include an explanation of the consistency of such proposal to allocate with the requirements of the Articles of Agreement of the Fund, in particular the requirement that in all its decisions with respect to allocation of Special Drawing Rights, the Fund shall “seek to meet the long-term global need, as and when it arises, to supplement existing reserve assets in such manner as will promote the attainment of its purposes and will avoid economic stagnation and deflation as well as excess demand and inflation in the world”.
(3) Unless Congress by law authorizes such action, neither t
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Source file: Laws/federal/codes/united-states-code/title-22/section-290i3-limitation-on-allocations-to-the-united-states--187e2bbcda.md
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Source location: Title 22, Chapter 7, § 290i–3; chapter-007-international-bureaus-congresses-etc.md
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**(a)** Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the United States vote to allocate in each basic period Special Drawing Rights under article XVIII, sections 2 and 3, of the Articles of Agreement of the Fund so that allocations to the United States in that period exceed an amount equal to the United States quota in the Fund as authorized under the Bretton Woods Agreements Act [[22 U.S.C. 286](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286&num=0&edition=prelim) et seq.].
**(b)**
(1) Neither the President nor any person or agency shall on behalf of the United States vote to allocate Special Drawing Rights under article XVIII, sections 2 and 3, of the Articles of Agreement of the Fund without consultations by the Secretary of the Treasury at least 90 days prior to any such vote, with the Chairman and ranking minority members of the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives, and the appropriate subcommittees thereof.
(2) Such consultations shall include an explanation of the consistency of such proposal to allocate with the requirements of the Articles of Agreement of the Fund, in particular the requirement that in all its decisions with respect to allocation of Special Drawing Rights, the Fund shall “seek to meet the long-term global need, as and when it arises, to supplement existing reserve assets in such manner as will promote the attainment of its purposes and will avoid economic stagnation and deflation as well as excess demand and inflation in the world”.
(3) Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the United States engage in any voluntary transaction involving the exchange of Special Drawing Rights that are held by a member country of the Fund, if the Secretary of State has found that the government of the member country—
(A) has committed genocide at any time during the 1-year period ending with the date of the transaction; or
(B) has repeatedly provided support for acts of international terrorism.
(4) The Secretary of the Treasury shall direct the United States Executive Director at each international financial institution (as defined in [section 262r(c)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section262r/c/2&num=0&edition=prelim)) to use the voice and vote of the United States to—
(A) oppose the provision of financial assistance to any government with respect to which the Secretary of State has made a finding described in paragraph (3); and
(B) seek to ensure that the member countries of the institution do not engage in voluntary transactions involving the exchange of Special Drawing Rights held by such a government.
(5) **Waiver.—** — The President may waive paragraphs (3) and (4) on a case-by-case basis if the President reports to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that the waiver is in the national interest of the United States, and includes a detailed explanation of the reasons therefor.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Sections 281b–2 to 281j of this title contained provisions relating to the Institute of Inter-American Affairs. The Institute was created pursuant to act Aug. 5, 1947, ch. 498, 61 Stat. 780. Section 3 of such act, as amended, provided that the Institute was to have succession until June 30, 1960. See Codification note set out under [section 281 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section281&num=0&edition=prelim).
Section 281b–2, acts Aug. 26, 1954, ch. 937, title V, § 544(a), 68 Stat. 862; Aug. 14, 1957, Pub. L. 85–141, § 11(b)(1), 71 Stat. 365, authorized the Institute of Inter-American Affairs to make contracts for periods not to exceed five years, with the proviso that any contract extending beyond June 30, 1960, be made subject to termination by the Institute upon notice, and provided that the Institute, on and after July 1, 1954, be subject to the applicable provisions of the Budget and Accounting Act, 1921, as amended, in lieu of the provisions of the Government Corporation Control Act, as amended [[31 U.S.C. 9101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9101&num=0&edition=prelim) et seq.].
Section 281c, act Aug. 5, 1947, ch. 498, § 4, 61 Stat. 782, provided for transfer of assets to United States Treasury upon termination of corporate life of Institute of Inter-American Affairs.
Section 281d, act Aug. 5, 1947, ch. 498, § 5, 61 Stat. 782, established a Board of Directors for Institute of Inter-American Affairs, and enumerated powers of Board.
Section 281e, act Aug. 5, 1947, ch. 498, § 6, 61 Stat. 782, provided that Institute of Inter-American Affairs be a nonprofit corporation, have no capital stock, and that no part of its revenue, earnin
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 286a
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Federal law — U.S. Code and appendices · legal_authorities
The oath of office shall be administered by the President of the Senate to each Senator who shall be elected, previous to his taking his seat.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act Sept. 3, 1949, ch. 532, § 1, 63 Stat. 685, related to contract authorizations.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 286
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Federal law — U.S. Code and appendices · legal_authorities
Page 168
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 285dd
States $461,000,000 to the eighth replenishment
of the resources of the Fund, subject to obtain-
ing the necessary appropriations.
(b) In order to pay for the United States con-
tribution provided for in subsection (a), there
are authorized to be appropriated, without fiscal
year limitation, $461,000,000 for payment by the
Secretary of the Treasury.
(Pub. L. 89–369, § 32, as added Pub. L. 109–102,
title V, § 599C(c), Nov. 14, 2005, 119 Stat. 2243.)
Editorial Notes
CODIFICATION
Pub. L. 109–102, title V, § 599C(c), Nov. 14, 2005, 119
Stat. 2243, which directed that this section be added at
the end of ‘‘the Asian Development Fund Act, Public
Law 92–245, as amended (22 U.S.C. 285 et seq.)’’, was exe-
cuted by adding this section at the end of the Asian De-
velopment Bank Act, Pub. L. 89–369, which is classified
to this subchapter, to reflect the probable intent of
Congress.
§ 285dd. Ninth replenishment
(a) The United States Governor of the Bank is
authorized to contribute, on behalf of the United
States, $461,000,000 to the ninth replenishment of
the resources of the Fund, subject to obtaining
the necessary appropriations.
(b) In order to pay for the United States con-
tribution provided for in subsection (a), there
are authorized to be appropriated, without fiscal
year limitation, $461,000,000 for payment by the
Secretary of the Treasury.
(Pub. L. 89–369, § 33, as added Pub. L. 112–10, div.
B, title XI, § 2126(e), Apr. 15, 2011, 125 Stat. 191.)
§ 285ee. Fifth capital increase
(a) Subscription authorized
(1) The United States Governor of the Bank
may subscribe on behalf of the United States to
1,104,420 additional shares of the capital stock of
the Bank.
(2) Any subscription by the
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 286
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