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22 U.S.C. § 290i–1 — Administration as part of the Exchange Stabilization Fund

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 290i–1 — Administration as part of the Exchange Stabilization Fund

**(a) Special Drawing Rights** Special Drawing Rights allocated to the United States pursuant to article XVIII of the Articles of Agreement of the Fund, and Special Drawing Rights otherwise acquired by the United States, shall be credited to the account of, and administered as part of, the Exchange Stabilization Fund established by [section 5302 of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5302&num=0&edition=prelim). **(b) Deposit in and withdrawal from Fund** The proceeds resulting from the use of Special Drawing Rights by the United States, and payments of interest to the United States pursuant to article XX, article XXIV, and article XXV of the Articles of Agreement of the Fund, shall be deposited in the Exchange Stabilization Fund. Currency payments by the United States in return for Special Drawing Rights, and payments of charges or assessments pursuant to article XX, article XXIV, and article XXV of the Articles of Agreement of the Fund, shall be made from the resources of the Exchange Stabilization Fund.

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Source file: Laws/federal/codes/united-states-code/title-22/section-290i1-administration-as-part-of-the-exchange-stabilization-fund--9407d8dc31.md
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Source location: Title 22, Chapter 7, § 290i–1; chapter-007-international-bureaus-congresses-etc.md

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 286a — Omitted

### Statutory Notes #### Codification Sections 281b–2 to 281j of this title contained provisions relating to the Institute of Inter-American Affairs. The Institute was created pursuant to act Aug. 5, 1947, ch. 498, 61 Stat. 780. Section 3 of such act, as amended, provided that the Institute was to have succession until June 30, 1960. See Codification note set out under [section 281 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section281&num=0&edition=prelim). Section 281b–2, acts Aug. 26, 1954, ch. 937, title V, § 544(a), 68 Stat. 862; Aug. 14, 1957, Pub. L. 85–141, § 11(b)(1), 71 Stat. 365, authorized the Institute of Inter-American Affairs to make contracts for periods not to exceed five years, with the proviso that any contract extending beyond June 30, 1960, be made subject to termination by the Institute upon notice, and provided that the Institute, on and after July 1, 1954, be subject to the applicable provisions of the Budget and Accounting Act, 1921, as amended, in lieu of the provisions of the Government Corporation Control Act, as amended [[31 U.S.C. 9101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9101&num=0&edition=prelim) et seq.]. Section 281c, act Aug. 5, 1947, ch. 498, § 4, 61 Stat. 782, provided for transfer of assets to United States Treasury upon termination of corporate life of Institute of Inter-American Affairs. Section 281d, act Aug. 5, 1947, ch. 498, § 5, 61 Stat. 782, established a Board of Directors for Institute of Inter-American Affairs, and enumerated powers of Board. Section 281e, act Aug. 5, 1947, ch. 498, § 6, 61 Stat. 782, provided that Institute of Inter-American Affairs be a nonprofit corporation, have no capital stock, and that no part of its revenue, earnin

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 286a

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5302 — Stabilizing exchange rates and arrangements

**(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

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