22 U.S.C. § 283j — Increased United States participation in

Page 146 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283i visions of subsection (a) at any time as to any or all securities issued or guaranteed by the Bank during the period of such suspension. The Com- mission shall include in its annual reports to Congress such information as it shall deem ad- visable with regard to the operations and effect of this section and in connection therewith shall include any views submitted for such purpose by any association of dealers registered with the Commission. (Pub. L. 86–147, § 11, Aug. 7, 1959, 73 Stat. 301; Pub. L. 94–302, title I, § 103(a)(3), May 31, 1976, 90 Stat. 593.) Editorial Notes AMENDMENTS 1976—Subsec. (a). Pub. L. 94–302 struck out ‘‘ordi- nary’’ after ‘‘in the Bank’s’’ and inserted ‘‘and article IIA, section 4’’ after ‘‘article II, section 5’’ and ‘‘or arti- cle IIA, section 3(c)’’ after ‘‘article II, section 4(a)(ii)’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1976 AMENDMENT For effective date of amendment by Pub. L. 94–302, see section 103(b) of Pub. L. 94–302, set out as a note under section 283c of this title. Executive Documents DELEGATION OF FUNCTIONS Functions of National Advisory Council on Inter- national Monetary and Financial Problems delegated to National Advisory Council on International Mone- tary and Financial Policies, see section 2(a) of Ex. Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under section 286b of this title. § 283i. Repealed. Pub. L. 101–240, title V, § 541(d)(3), Dec. 19, 1989, 103 Stat. 2518 Section, Pub. L. 86–147, § 12, Aug. 7, 1959, 73 Stat. 301, related to reports on effectiveness of section 283h of this title and section 24 of Title 12, Banks and Banking, on development of economic resources in member coun- tries. § 283j. Increased United States participation in Bank activities The United States Governor of the Bank is hereby authorized (1) to vote (A) for the in- creases in the authorized capital stock of the Bank under article II, Section 2, of the agree- ment, and (B) for an increase in the resources of the Fund for Special Operations under article IV, section 3, of the agreement, all as rec- ommended by the Executive Directors in a re- port dated March 18, 1963, to the Board of Gov- ernors of the Bank; (2) to agree on behalf of the United States to subscribe to its proportionate share of the $1,000,000,000 increase in the author- ized callable capital stock of the Bank; and (3) to vote for an amendment to article VIII, sec- tion 3, of the agreement to provide that the Board of Governors may, upon certain condi- tions, increase by one the number of Executive Directors. (Pub. L. 86–147, § 13, as added Pub. L. 88–259, § 1, Jan. 22, 1964, 78 Stat. 3.) § 283j–1. Audit (a) Establishment The Secretary of the Treasury shall instruct the United States Executive Director to propose the establishment by the Board of Executive Di- rectors of a program of selective but continuing independent and comprehensive audit of the Inter-American Development Bank, in accord- ance with such terms of reference as the Board of Executive Directors itself (or through a sub- committee), may prescribe. Such proposal shall provide that the audit reports be submitted to the Board of Executive Directors and to the Board of Governors. (b) Scope and standards The Secretary of the Treasury shall prepare the scope of the audit and the auditing and re- porting standards for the use of the United States Executive Director in assisting in the formulation of the terms of reference. (c) Reports The reports of the National Advisory Council on International Monetary and Financial Poli- cies to the Congress shall include, among other things, an appraisal of the effectiveness of the implementation and administration of the loans made by the Bank based upon the audit reports. The Comptroller General may review the reports of audit and findings issued and report to the Secretary of the Treasury and the Congress any suggestions he might have in improving the scope of the audit or auditing and reporting standards of the independent auditing firm, group, or staff. (Pub. L. 86–147, § 14, as added Pub. L. 90–88, § 1, Sept. 22, 1967, 81 Stat. 227; amended Pub. L. 104–316, title I, § 111(b), Oct. 19, 1996, 110 Stat. 3833.) Editorial Notes AMENDMENTS 1996—Subsec. (b). Pub. L. 104–316 substituted ‘‘Sec- retary of the Treasury shall prepare’’ for ‘‘Comptroller General of the United States shall prepare for the Sec- retary of the Treasury’’. Subsec. (c). Pub. L. 104–316 substituted ‘‘may review’’ for ‘‘shall periodically review’’ in second sentence. § 283k. Authorization of appropriations (a) Capital stock of Inter-American Development Bank There is hereby authorized to be appropriated, without fiscal year limitation, for payment of the increased United States subscription to the capital stock of the Inter-American Develop- ment Bank, $411,760,000. (b) Fund for Special Operations of the Inter- American Development Bank There is hereby authorized to be appropriated, for payment of the increased United States sub- scription to the Fund for Special Operations of the Inter-American Development Bank, $50,000,000. (Pub. L. 88–259, § 2, Jan. 22, 1964, 78 Stat. 3.)