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22 U.S.C. § 262q — Subscription to stock
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization of United States subscription to stock** The President is authorized to agree to subscribe on behalf of the United States to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
**(b) Authorization of appropriations** There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the initial United States subscription to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank, $359,733,570: Provided, however, That not more than $17,986,679 of such sum may be made available for paid in subscriptions to the Bank for each of the fiscal years 1982, 1983, and 1984.
**(c) Distributions by Bank** Any payment or distributions of moneys from the Bank to the United States shall be covered into the Treasury as a miscellaneous receipt.
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Source file: Laws/federal/codes/united-states-code/title-22/section-262q-subscription-to-stock--4e9608364c.md
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Source location: Title 22, Chapter 7, § 262q; chapter-007-international-bureaus-congresses-etc.md
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**(a) Authorization of United States subscription to stock** The President is authorized to agree to subscribe on behalf of the United States to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
**(b) Authorization of appropriations** There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the initial United States subscription to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank, $359,733,570: Provided, however, That not more than $17,986,679 of such sum may be made available for paid in subscriptions to the Bank for each of the fiscal years 1982, 1983, and 1984.
**(c) Distributions by Bank** Any payment or distributions of moneys from the Bank to the United States shall be covered into the Treasury as a miscellaneous receipt.
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Policy goals** The United States Government, in connection with its voice and vote in the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the African Development Fund, the Asian Development Bank, the African Development Bank, the European Bank for Reconstruction and Development, and the International Monetary Fund, shall advance the cause of human rights, including by seeking to channel assistance toward countries other than those whose governments engage in—
(1) a pattern of gross violations of internationally recognized human rights, such as torture or cruel, inhumane, or degrading treatment or punishment, prolonged detention without charges, or other flagrant denial to life, liberty, and the security of person; or
(2) provide refuge to individuals committing acts of international terrorism by hijacking aircraft.
**(b) Policy considerations for Executive Directors of institutions in implementation of duties** Further, the Secretary of the Treasury shall instruct each Executive Director of the above institutions to consider in carrying out his duties:
(1) specific actions by either the executive branch or the Congress as a whole on individual bilateral assistance programs because of human rights considerations;
(2) the extent to which the economic assistance provided by the above institutions directly benefit the needy people in the recipient country;
(3) whether the recipient country—
(A) is seeking to acquire unsafeguarded special nuclear material (as defined in [section 6305(8) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section6305/8&num=0&edition=prelim)) or a nuclear explosive device (
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 276j
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Executive Directors** The Secretary of the Treasury shall instruct the United States Executive Director of each multilateral development bank to attach a high priority to promoting opportunities for exports for goods and services from the United States and, in carrying out this function, to investigate thoroughly any complaints from United States bidders about the awarding of procurement contracts by the multilateral development banks to ensure that all contract procedures and rules of the banks are observed and that United States firms are treated fairly.
**(b) 11 So in original. Two subsecs. (b) have been enacted. Officer of procurement**
(1) **Establishment** — The Secretary of the Treasury shall designate, within the Office of International Affairs in the Department of the Treasury, an officer of multilateral development bank procurement.
(2) **Function** — The officer shall act as the liaison between the Department of the Treasury, the Department of Commerce, and the United States Executive Directors’ offices in the multilateral development banks, in carrying out this section. The officer shall cooperate with the Department of Commerce in efforts to improve opportunities for multilateral development bank procurement by United States companies.
**(b) 1 “Multilateral development bank” defined** As used in this section, the term “multilateral development bank” includes the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the InterAmerican Investment Corporation, the Asian Development Bank, the African Development Bank, and the African Development Fund.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 280a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Reports required** In furtherance of the purpose of this chapter, the Secretary, after consultation with the Chairman of the Board, shall submit to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, on or before October 15 of each year, a written report on international economic policy, including exchange rate policy. The Secretary shall provide a written update of developments six months after the initial report. In addition, the Secretary shall appear, if requested, before both committees to provide testimony on these reports.
**(b) Contents of report** Each report submitted under subsection (a) shall contain—
(1) an analysis of currency market developments and the relationship between the United States dollar and the currencies of our major trade competitors;
(2) an evaluation of the factors in the United States and other economies that underlie conditions in the currency markets, including developments in bilateral trade and capital flows;
(3) a description of currency intervention or other actions undertaken to adjust the actual exchange rate of the dollar;
(4) an assessment of the impact of the exchange rate of the United States dollar on—
(A) the ability of the United States to maintain a more appropriate and sustainable balance in its current account and merchandise trade account;
(B) production, employment, and noninflationary growth in the United States;
(C) the international competitive performance of United States industries and the external indebtedness of the United States;
(5) recommendations for any changes necessary in United States economic policy to attain a more appropriate and sustainable balance in the current account;
(6)
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 5305
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Federal law — U.S. Code and appendices · legal_authorities
Page 84
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 262q
1 See References in Text note below.
government of, and state-owned enterprises in,
the People’s Republic of China, and relevant
commercial creditor groups to advance debt
restructuring or relief for countries with
unsustainable debt that have sought restruc-
turing or relief under the Common Frame-
work, any successor framework or mechanism,
or under any other coordinated international
arrangement for sovereign debt restructuring
in which the United States participates;
(2) any implementation challenges that
hinder the ability of the Common Framework
to provide timely debt restructuring for any
country with unsustainable debt that seeks
debt restructuring or debt payment relief, in-
cluding any refusal of a creditor to participate
in appropriate burden-sharing, including fail-
ure to share (or publish, as appropriate) all
material information needed to assess debt
sustainability; and
(3) recommendations on how to address any
challenges identified in paragraph (2).
(Pub. L. 95–118, title XVI, § 1633, as added Pub. L.
117–263, div. E, title LVII, § 5702, Dec. 23, 2022, 136
Stat. 3408.)
REPEAL OF SECTION
Pub. L. 117–263, div. E, title LVII, § 5702(b),
Dec. 23, 2022, 136 Stat. 3410, provided that, ef-
fective on the date that is 5 years after Dec. 23,
2022, this section is repealed.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Pub. L. 117–263, div. E, title LVII, § 5702(b), Dec. 23,
2022, 136 Stat. 3410, provided that: ‘‘The amendment
made by subsection (a) [enacting this section] is re-
pealed effective on the date that is 5 years after the ef-
fective date of this section [Dec. 23, 2022].’’
DEFINITIONS
The definitions in section 262p–5 of this title apply to
thi
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 262q
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