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22 U.S.C. § 286f — Additional increases in resources of the Fund for Special Operations
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization of vote; payment to Fund** The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled “Increase of $1,200,000,000 in Resources of Fund for Special Operations” proposed by the Governors at their annual meeting in April 1967 and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States, to pay to the Fund for Special Operations of the Bank, the sum of $900,000,000, in accordance with and subject to the terms and conditions of such resolution, and subject to the further condition that in consideration of the United States balance-of-payments deficit any local cost financing, by project or otherwise, with the funds authorized under this section to be held to the minimum possible level. The United States Governor is also authorized to vote in favor of the amendment to Annex C of the agreement, now pending before the Board of Governors of the Bank, to modify the procedure employed in the election of Executive Directors.
**(b) Authorization of appropriations** There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $900,000,000.
**(c) Loan disapproval by the United States** The voting power of the United States shall be exercised for the purpose of disapproving any loan which might assist the recipient country directly or indirectly to acquire sophisticated or heavy military equipment.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 286f
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Stable record: federal_law:legal_authorities:record_usc_c9eb6950119a6e1f9c8db596
Source file: Laws/federal/codes/united-states-code/title-22/section-286f-additional-increases-in-resources-of-the-fund-for-special-operations--a581a3c6b8.md
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Source location: Title 22, Chapter 7, § 286f; chapter-007-international-bureaus-congresses-etc.md
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**(a) Authorization of vote; payment to Fund** The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled “Increase of $1,200,000,000 in Resources of Fund for Special Operations” proposed by the Governors at their annual meeting in April 1967 and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States, to pay to the Fund for Special Operations of the Bank, the sum of $900,000,000, in accordance with and subject to the terms and conditions of such resolution, and subject to the further condition that in consideration of the United States balance-of-payments deficit any local cost financing, by project or otherwise, with the funds authorized under this section to be held to the minimum possible level. The United States Governor is also authorized to vote in favor of the amendment to Annex C of the agreement, now pending before the Board of Governors of the Bank, to modify the procedure employed in the election of Executive Directors.
**(b) Authorization of appropriations** There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $900,000,000.
**(c) Loan disapproval by the United States** The voting power of the United States shall be exercised for the purpose of disapproving any loan which might assist the recipient country directly or indirectly to acquire sophisticated or heavy military equipment.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment and composition** In order to coordinate the policies and operations of the representatives of the United States on the Fund and the Bank and of all agencies of the Government which make or participate in making foreign loans or which engage in foreign financial, exchange or monetary transactions, there is hereby established the National Advisory Council on International Monetary and Financial Problems (hereinafter referred to as the “Council”), consisting of the Secretary of the Treasury, as Chairman, the Secretary of State, the Secretary of Commerce, the Chairman of the Board of Governors of the Federal Reserve System, the President of the Export-Import Bank of the United States, and during such period as the Foreign Operations Administration shall continue to exist, the Director of the Foreign Operations Administration.
**(b) Duties and functions; reports by Council**
(1) The Council, after consultation with the representatives of the United States on the Fund and the Bank, shall recommend to the President general policy directives for the guidance of the representatives of the United States on the Fund and the Bank.
(2) The Council shall advise and consult with the President and the representatives of the United States on the Fund and the Bank on major problems arising in the administration of the Fund and the Bank.
(3) The Council shall coordinate, by consultation or otherwise, so far as is practicable, the policies and operations of the representatives of the United States on the Fund and the Bank, the Export-Import Bank of the United States and all other agencies of the Government to the extent that they make or participate in the making of foreign loans or engage in foreign financial, exchange or monetary transactions.
(4) Whenever, unde
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 290b
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Sense of Congress** It is the sense of the Congress that—
(1) the lack of sufficient information currently available to allow members of the Fund to make sound and prudent decisions concerning their public and private sector international borrowing, and to allow lenders to make sound and prudent decisions concerning their international lending, threatens the stability of the international monetary system; and
(2) in recognition of the Fund’s duties, as provided particularly by article VIII of the Articles of Agreement of the Fund, to act as a center for the collection and exchange of information on monetary and financial problems, the Fund should adopt necessary and appropriate measures to ensure that more complete and timely financial information will be available.
**(b) Initiation by United States Executive Director of discussions with other Directors; adoption of procedures** To this end, the Secretary of the Treasury shall instruct the United States Executive Director of the Fund to initiate discussions with other directors of the Fund and with Fund management, and to propose and vote for, the adoption of procedures, within the Fund—
(1) to collect and disseminate information, on a quarterly basis, from and to Fund members, and to such other persons as the Fund deems appropriate, concerning—
(A) the extension of credit by banks or nonbanks to private and public entities, including all government entities, instrumentalities, and central banks of member countries; and
(B) the receipt of such credit by those private and public entities of member countries, where such banks or nonbanks are not principally established within the borders of the member country to which the credits are extended; and
(2) to disseminate publicly information which is developed
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 290i–12
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Federal law — U.S. Code and appendices · legal_authorities
The Office of Management and Budget is an office in the Executive Office of the President.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 501
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Congress finds that—
(1) moving mobile capital can have a significant impact on the proper functioning of the international monetary system;
(2) it is important to have the most feasible current and complete information on the kind and source of capital flows, including transactions by large United States businesses and their foreign affiliates; and
(3) additional authority should be provided to collect information on capital flows under section 5(b) of the Trading With the Enemy Act (50 App. U.S.C. 5(b)) 11 See References in Text note below. and section 8 of the Bretton Woods Agreement Act ([22 U.S.C. 286f](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286f&num=0&edition=prelim)).
**(b)** In this section, “United States person” and “foreign person controlled by a United States person” have the same meanings given those terms in section 7(f)(2)(A) and (C), respectively, of the Securities and Exchange Act of 1934 ([15 U.S.C. 78g(f)(2)(A)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section78g/f/2/A&num=0&edition=prelim), (C)).
**(c)** The Secretary of the Treasury shall prescribe regulations consistent with subsection (a) of this section requiring reports on foreign currency transactions conducted by a United States person or a foreign person controlled by a United States person. The regulations shall require that a report contain information and be submitted at the time and in the way, with reasonable exceptions and classifications, necessary to carry out this section.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5315
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Federal law — U.S. Code and appendices · legal_authorities
Page 181
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 286f
Loan Account of the Trust that have been used
for the purpose of financing programs to Fund
members previously in arrears to the Fund.
(July 31, 1945, ch. 339, § 58, as added Pub. L.
102–511, title X, § 1001, Oct. 24, 1992, 106 Stat.
3357.)
§ 286f. Obtaining and furnishing information to
the Fund
(a) Required disclosure
Whenever a request is made by the Fund to
the United States as a member to furnish data
under article VIII, section 5, of the Articles of
Agreement of the Fund, the President may,
through any agency he may designate, require
any person to furnish such information as the
President may determine to be essential to com-
ply with such request. In making such deter-
mination the President shall seek to collect the
information only in such detail as is necessary
to comply with the request of the Fund. No in-
formation so acquired shall be furnished to the
Fund in such detail that the affairs of any per-
son are disclosed.
(b) Penalty for refusal
In the event any person refuses to furnish such
information when requested to do so, the Presi-
dent, through any designated governmental
agency, may by subpoena require such person to
appear and testify or to appear and produce
records and other documents, or both. In case of
contumacy by, or refusal to obey a subpoena
served upon any such person, the district court
for any district in which such person is found or
resides or transacts business, upon application
by the President or any governmental agency
designated by him, shall have jurisdiction to
issue an order requiring such person to appear
and give testimony or appear and produce
records and documents, or both; and any failure
to obey such order of the court may be pun
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 286f
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