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22 U.S.C. § 286c — Acceptance of membership by United States in International Finance Corporation
Federal law — U.S. Code and appendices · legal_authorities
The President is hereby authorized to accept membership for the United States in the International Finance Corporation (hereinafter referred to as the “Corporation”), provided for by the Articles of Agreement of the Corporation deposited in the archives of the International Bank for Reconstruction and Development.
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Source file: Laws/federal/codes/united-states-code/title-22/section-286c-acceptance-of-membership-by-united-states-in-international-finance-corpo--8bcc2ddf77.md
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Source location: Title 22, Chapter 7, § 286c; chapter-007-international-bureaus-congresses-etc.md
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The President is hereby authorized to accept membership for the United States in the International Finance Corporation (hereinafter referred to as the “Corporation”), provided for by the Articles of Agreement of the Corporation deposited in the archives of the International Bank for Reconstruction and Development.
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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 of the International Monetary Fund to use aggressively the voice and vote of the Executive Director to do the following:
(1) Vigorously promote policies to increase the effectiveness of the International Monetary Fund in structuring programs and assistance so as to promote policies and actions that will contribute to exchange rate stability and avoid competitive devaluations that will further destabilize the international financial and trading systems.
(2) Vigorously promote policies to increase the effectiveness of the International Monetary Fund in promoting market-oriented reform, trade liberalization, economic growth, democratic governance, and social stability through—
(A) establishing an independent monetary authority, with full power to conduct monetary policy, that provides for a non-inflationary domestic currency that is fully convertible in foreign exchange markets;
(B) opening domestic markets to fair and open internal competition among domestic enterprises by eliminating inappropriate favoritism for small or large businesses, eliminating elite monopolies, creating and effectively implementing anti-trust and anti-monopoly laws to protect free competition, and establishing fair and accessible legal procedures for dispute settlement among domestic enterprises;
(C) privatizing industry in a fair and equitable manner that provides economic opportunities to a broad spectrum of the population, eliminating government and elite monopolies, closing loss-making enterprises, and reducing government control over the factors of production;
(D) economic deregulation by eliminating inefficient and overly burdensome regulations and strengthening the legal framew
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 277d–17
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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
Page 172
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§§ 286b–1, 286b–2
(b) The Council shall from time to time transmit to
all appropriate agencies and officers of the Government
statements of the policies of the Council under this
order and such other information relating to the above-
mentioned transactions or to the functions of the
Council hereunder as the Council shall deem desirable.
SEC. 5. Executive Order No. 10033. Section 2(a) of Exec-
utive Order No. 10033 of February 8, 1949 [set out as a
note under section 286f of this title], is hereby amended
by substituting for the name ‘‘National Advisory Coun-
cil on International Monetary and Financial Problems’’
the following: ‘‘National Advisory Council on Inter-
national Monetary and Financial Policies.’’
SEC. 6. Effective date. The provisions of this order
shall be effective as of January 1, 1966.
SEC. 7. Functions of the Secretary of State. The Sec-
retary of State shall advise both the Secretary of the
Treasury and the appropriate United States representa-
tives to the International Bank for Reconstruction and
Development, the International Development Associa-
tion, the International Finance Corporation, the Inter-
American Development Bank, the Asian Development
Bank, the African Development Fund,, [sic] African De-
velopment Bank, Inter-American Investment Corpora-
tion, Multilateral Investment Guarantee Agency, and
European Bank for Reconstruction and Development on
the development aspects of matters relating to those
institutions and their activities.
§§ 286b–1, 286b–2. Repealed. Pub. L. 101–240, title
V, § 541(d)(1), (5), Dec. 19, 1989, 103 Stat. 2518
Section 286b–1, Pub. L. 91–599, ch. 3, § 31, Dec. 30, 1970,
84 Stat. 1658, related to annual report to Congress of
National Advisory Counc
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 286c
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