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22 U.S.C. § 262s — Use of United States owned rupees to capitalize the Fund
Federal law — U.S. Code and appendices · legal_authorities
**(a)** Subject to applicable requirements concerning reimbursement to the Treasury for United States owned foreign currencies, the President may make available to the Fund, for use in carrying out the agreement authorized by [section 290j of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section290j&num=0&edition=prelim), up to the equivalent of $200,000,000 in foreign currencies owned by the United States in India or owed to the United States by the Government of India. Such use may include investment in order to generate interest which would be retained in the Fund and used to support programs pursuant to that agreement.
**(b)** In accordance with the agreement negotiated pursuant to [section 290j(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section290j/a&num=0&edition=prelim), sums made available for investment for the United States-India Fund for Cultural, Educational, and Scientific Cooperation under the Departments of Commerce, Justice, and State, and the Judiciary and Related Agencies Appropriation Act, 1985, and any earnings on such sums shall be available for the purposes of [section 290j(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section290j/a&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-22/section-262s-use-of-united-states-owned-rupees-to-capitalize-the-fund--f89063572e.md
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Source location: Title 22, Chapter 7, § 262s; chapter-007-international-bureaus-congresses-etc.md
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**(a)** Subject to applicable requirements concerning reimbursement to the Treasury for United States owned foreign currencies, the President may make available to the Fund, for use in carrying out the agreement authorized by [section 290j of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section290j&num=0&edition=prelim), up to the equivalent of $200,000,000 in foreign currencies owned by the United States in India or owed to the United States by the Government of India. Such use may include investment in order to generate interest which would be retained in the Fund and used to support programs pursuant to that agreement.
**(b)** In accordance with the agreement negotiated pursuant to [section 290j(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section290j/a&num=0&edition=prelim), sums made available for investment for the United States-India Fund for Cultural, Educational, and Scientific Cooperation under the Departments of Commerce, Justice, and State, and the Judiciary and Related Agencies Appropriation Act, 1985, and any earnings on such sums shall be available for the purposes of [section 290j(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section290j/a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
The Congress hereby finds that Communist dictatorships result in severe constraints on labor and capital mobility and other highly inefficient labor and capital supply rigidities which contribute to balance of payments deficits in direct contradiction of the goals of the International Monetary Fund. Therefore, the Secretary of the Treasury shall instruct the United States Executive Director of the Fund to actively oppose any facility involving use of Fund credit by any Communist dictatorship, unless the Secretary of the Treasury certifies and documents in writing upon request and so notifies and appears, if requested, before the Foreign Relations and Banking, Housing, and Urban Affairs Committees of the Senate and the Banking, Finance and Urban Affairs Committee of the House of Representatives, at least twenty-one days in advance of any vote on such drawing that such drawing—
(1) provides the basis for correcting the balance of payments difficulties and restoring a sustainable balance of payments position;
(2) would reduce the severe constraints on labor and capital mobility or other highly inefficient labor and capital supply rigidities and advances market-oriented forces in that country; and
(3) is in the best economic interest of the majority of the people in that country.
Should the Secretary not meet a request to appear before the aforementioned committees at least twenty-one days in advance of any vote on any facility involving use of Fund credit by any communist dictatorship and certify and document in writing that these three conditions have been met, the United States Executive Director shall vote against such program.
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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
### Statutory Notes
#### Codification
Section, Pub. L. 100–418, title III, § 3202, Aug. 23, 1988, 102 Stat. 1382, which related to multilateral development bank procurement, was renumbered section 1801 of title XVIII of Pub. L. 95–118, by Pub. L. 101–240, title V, § 541(b)(1), Dec. 19, 1989, 103 Stat. 2517, and transferred to [section 262s of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section262s&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 278a
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Federal law — U.S. Code and appendices · legal_authorities
Page 90
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 262s
1 So in original. Two subsecs. (b) have been enacted.
(c) Omitted
(d) Report on debt relief
Not later than 90 days after the date of enact-
ment of this Act [November 6, 2000], the Sec-
retary shall submit a report to the appropriate
congressional committees on the history of debt
relief programs led by, or coordinated with,
international financial institutions, including
but not limited to—
(1) the extent to which poor countries and
the poorest-of-the-poor benefit from debt re-
lief, including measurable evidence of any
such benefits; and
(2) the extent to which debt relief contrib-
utes to the graduation of a country from reli-
ance on financing on concessionary terms and
international development assistance.
(Pub. L. 106–429, § 101(a) [title VIII, § 803], Nov. 6,
2000, 114 Stat. 1900, 1900A–66; Pub. L. 108–199, div.
D, title V, § 599B(c), Jan. 23, 2004, 118 Stat. 211.)
Editorial Notes
REFERENCES IN TEXT
Section 802(b), referred to in subsec. (b)(1), is section
101(a), [title VIII, § 802(b)] of Pub. L. 106–429, Nov. 6,
2000, 114 Stat. 1900, 1900A–66, which is not classified to
the Code.
CODIFICATION
Section is comprised of section 101(a) [title VIII, § 803]
of Pub. L. 106–429. Section 101(a) [title VIII, § 803(c)] of
Pub. L. 106–429 amended section 262r–4 of this title.
AMENDMENTS
2004—Pub. L. 108–199 repealed heading and text of sub-
sec. (a). Text read as follows: ‘‘Beginning 180 days after
the date of enactment of this Act, or October 31, 2000,
whichever is later, and on October 31 of each year
thereafter, the Comptroller General of the United
States shall submit to the appropriate congressional
committees a report on the sufficiency of audits of the
financial operations of ea
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 262s
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