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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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Source file: Laws/federal/codes/united-states-code/title-22/section-286-repealed-aug-26-1954-ch-937-title-v-544-b-68-stat-862--323f46a302.md
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Source location: Title 22, Chapter 7, § 286; chapter-007-international-bureaus-congresses-etc.md
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Federal law — U.S. Code and appendices · legal_authorities
The provisions of section 4 of the Bretton Woods Agreements Act ([22 U.S.C. 286b](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286b&num=0&edition=prelim)) shall apply with respect to the Bank to the same extent as with respect to the International Bank for Reconstruction and Development and the International Monetary Fund.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 262p–15
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Federal law — U.S. Code and appendices · legal_authorities
The provisions of [section 286b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286b&num=0&edition=prelim) shall apply with respect to the Agency to the same extent as with respect to the Bank and the International Monetary Fund.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 263b
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Federal law — U.S. Code and appendices · legal_authorities
[Section 286b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286b&num=0&edition=prelim) shall apply to the Bank in the same manner in which such section applies to the International Bank for Reconstruction and Development and the International Monetary Fund.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 268
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Federal law — U.S. Code and appendices · legal_authorities
[Section 286b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286b&num=0&edition=prelim) shall apply to the Bank in the same manner in which such section applies to the International Bank for Reconstruction and Development and the International Monetary Fund.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 276c
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Chairman shall report annually to the Speaker of the House of Representatives, the President of the Senate, and to the President of the United States on the participation of the United States in the international financial institutions. The Chairman shall present such report to the Speaker of the House of Representatives and the President of the Senate not later than April 1 of each year following the close of the fiscal year covered by such report, except that the report for fiscal year 1989 shall be submitted not later than June 1, 1990. **(b) Contents of reports** Each annual report required by subsection (a) shall contain— (1) such data and explanations concerning the effectiveness, operations, and policies of the international financial institutions, such recommendations concerning the international financial institutions, and such other data and material as the Chairman may deem appropriate; (2) the reports on each specific issue and topic which is required by any other provision of law to be included in the report of the National Advisory Council on International Monetary and Financial Policies required by [section 286b(b)(5) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286b/b/5&num=0&edition=prelim), as in effect immediately before December 19, 1989; (3) a description of each loan or other form of financial assistance approved by any international financial institution during the fiscal year covered by such report, and a discussion of how such loan or financial assistance will benefit the people, particularly the poor people, of the recipient country; (4) a review of the success achieved through the multilateral development banks in reducing or eliminating import restrictions and unfair ex
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 278b
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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
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 290i–3
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in [section 262r(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section262r/c&num=0&edition=prelim)) that it is the policy of the United States to oppose the provision by that institution of financial assistance to a foreign government, other than assistance to support basic human needs, if the President determines that, in the year preceding consideration of approval of such assistance, the government has knowingly failed to adequately enforce sanctions under an applicable United Nations Security Council resolution (as defined in [section 9202 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section9202&num=0&edition=prelim)). **(b) Waiver** The President may waive subsection (a) for up to 180 days at a time with respect to a foreign government if the President— (1) determines that— (A) the failure of the foreign government described in subsection (a) is due exclusively to a lack of capacity on the part of the foreign government; (B) the foreign government is taking effective steps to prevent recurrence of such failure; or (C) the waiver is in the national security interests of the United States; and (2) submits to Congress a report on the reasons for the determination under paragraph (1).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 290l–10
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The faith of the United States Government is pledged to pay, in legal tender, principal and interest on the obligations of the Government issued under this chapter. **(b)** The Secretary of the Treasury shall pay interest due or accrued on the public debt. As the Secretary considers expedient, the Secretary may pay in advance interest on the public debt by a period of not more than one year, with or without a rebate of interest on the coupons. **(c)** (1) The Secretary may issue a bond, note, or certificate of indebtedness authorized under this chapter whose principal and interest are payable in a foreign currency stated in the bond, note, or certificate. The Secretary may dispose of the bonds, notes, and certificates at a price that is at least par value without complying with section 3102(b)–(d) of this title. (2) In determining the dollar amount of bonds, notes, and certificates of indebtedness that may be issued under this chapter, the dollar equivalent of the amount of bonds, notes, and certificates payable in a foreign currency is determined by the par of the exchange value on the date of issue of the bonds, notes, or certificates as published by the Secretary under [section 5151 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5151&num=0&edition=prelim). (3) The Secretary may designate depositaries in foreign countries in which any part of the proceeds of bonds, notes, or certificates of indebtedness payable in the foreign currency may be deposited.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3123
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** (1) With the approval of the President, the Secretary of the Treasury may— (A) buy and sell gold in the way, in amounts, at rates, and on conditions the Secretary considers most advantageous to the public interest; and (B) buy the gold with any direct obligations of the United States Government or United States coins and currency authorized by law, or with amounts in the Treasury not otherwise appropriated. (2) Amounts received from the purchase of gold are an asset of the general fund of the Treasury. Amounts received from the sale of gold shall be deposited by the Secretary in the general fund of the Treasury and shall be used for the sole purpose of reducing the national debt. (3) The Secretary shall acquire gold for the coins issued under [section 5112(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5112/i&num=0&edition=prelim) by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within one year after the month in which the ore from which it is derived was mined. The Secretary shall pay not more than the average world price for the gold. In the absence of available supplies of such gold at the average world price, the Secretary may use gold from reserves held by the United States to mint the coins issued under [section 5112(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5112/i&num=0&edition=prelim). The Secretary shall issue such regulations as may be necessary to carry out this paragraph. **(b)** (1) The Secretary may buy silver mined from natural deposits in the United States, or in a territory or possession of the United States, that is brought to a United States mint or assay office
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5116
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** (1) The Department of the Treasury has a stabilization fund. The fund is available to carry out this section, section 18 of the Bretton Woods Agreement Act ([22 U.S.C. 286e–3](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286e–3&num=0&edition=prelim)), section 3 of the Special Drawing Rights Act ([22 U.S.C. 286](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286&num=0&edition=prelim)o), and the Coronavirus Economic Stabilization Act of 2020, and for investing in obligations of the United States Government those amounts in the fund the Secretary of the Treasury, with the approval of the President, decides are not required at the time to carry out this section. Proceeds of sales and investments, earnings, and interest shall be paid into the fund and are available to carry out this section. However, the fund is not available to pay administrative expenses. (2) Subject to approval by the President, the fund is under the exclusive control of the Secretary, and may not be used in a way that direct control and custody pass from the President and the Secretary. Decisions of the Secretary are final and may not be reviewed by another officer or employee of the Government. **(b)** Consistent with the obligations of the Government in the International Monetary Fund on orderly exchange arrangements and a stable system of exchange rates, the Secretary or an agency designated by the Secretary, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities the Secretary considers necessary. However, a loan or credit to a foreign entity or government of a foreign country may be made for more than 6 months in any 12-month period only if the President gives Congres
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5302
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