22 U.S.C. § 262q — Transferred

Page 84 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 262q 1 See References in Text note below. government of, and state-owned enterprises in, the People’s Republic of China, and relevant commercial creditor groups to advance debt restructuring or relief for countries with unsustainable debt that have sought restruc- turing or relief under the Common Frame- work, any successor framework or mechanism, or under any other coordinated international arrangement for sovereign debt restructuring in which the United States participates; (2) any implementation challenges that hinder the ability of the Common Framework to provide timely debt restructuring for any country with unsustainable debt that seeks debt restructuring or debt payment relief, in- cluding any refusal of a creditor to participate in appropriate burden-sharing, including fail- ure to share (or publish, as appropriate) all material information needed to assess debt sustainability; and (3) recommendations on how to address any challenges identified in paragraph (2). (Pub. L. 95–118, title XVI, § 1633, as added Pub. L. 117–263, div. E, title LVII, § 5702, Dec. 23, 2022, 136 Stat. 3408.) REPEAL OF SECTION Pub. L. 117–263, div. E, title LVII, § 5702(b), Dec. 23, 2022, 136 Stat. 3410, provided that, ef- fective on the date that is 5 years after Dec. 23, 2022, this section is repealed. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Pub. L. 117–263, div. E, title LVII, § 5702(b), Dec. 23, 2022, 136 Stat. 3410, provided that: ‘‘The amendment made by subsection (a) [enacting this section] is re- pealed effective on the date that is 5 years after the ef- fective date of this section [Dec. 23, 2022].’’ DEFINITIONS The definitions in section 262p–5 of this title apply to this section. § 262q. Transferred Editorial Notes CODIFICATION Section, Pub. L. 100–418, title III, § 3202, Aug. 23, 1988, 102 Stat. 1382, which related to multilateral develop- ment 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. § 262r. Annual report by Chairman of National Advisory Council on International Monetary and Financial Policies (a) In general The Chairman shall report annually to the Speaker of the House of Representatives, the President of the Senate, and to the President of the United States on the participation of the United States in the international financial in- stitutions. The Chairman shall present such re- port to the Speaker of the House of Representa- tives and the President of the Senate not later than April 1 of each year following the close of the fiscal year covered by such report, except that the report for fiscal year 1989 shall be sub- mitted not later than June 1, 1990. (b) Contents of reports Each annual report required by subsection (a) shall contain— (1) such data and explanations concerning the effectiveness, operations, and policies of the international financial institutions, such recommendations concerning the inter- national financial institutions, and such other data and material as the Chairman may deem appropriate; (2) the reports on each specific issue and topic which is required by any other provision of law to be included in the report of the Na- tional Advisory Council on International Mon- etary and Financial Policies required by sec- tion 286b(b)(5) of this title, as in effect imme- diately before December 19, 1989; (3) a description of each loan or other form of financial assistance approved by any inter- national financial institution during the fiscal year covered by such report, and a discussion of how such loan or financial assistance will benefit the people, particularly the poor peo- ple, of the recipient country; (4) a review of the success achieved through the multilateral development banks in reduc- ing or eliminating import restrictions and un- fair export subsidies which— (A) have been determined to be consistent with international agreements; and (B) have a serious adverse impact on the United States; (5) a description of the actions taken and the progress made in carrying out subsections (a) and (b) of section 286cc of this title; (6) the report required by section 2018(c) of the International Narcotics Act of 1986 (title II of Public Law 99–570), discussing the actions taken and progress made in encouraging the multilateral development banks to finance drug eradication and crop substitution pro- grams; (7) a description of the progress made by the United States Executive Director of the Inter- national Monetary Fund with respect to the goals of section 286kk of this title; (8) a description of the status of procedures in the multilateral development banks specifi- cally designed to increase the productive role of the poor in the economies of the nations which are borrowers from such banks; (9) in consultation with the Secretary of State, a report on the progress toward achiev- ing the goals of title VII (other than section 262e of this title), including the information required to be reported pursuant to section 262d(c) 1 of this title, and, for the fiscal year 1990, the report described in section 262p–4h of this title; (10) in consultation with the Secretary of State and the Administrator of the Agency for International Development, an assessment of the progress being made to implement the ob- jectives of title XIII; and (11) a report on— (A) the progress made in transforming gov- ernment-owned enterprises into privately owned enterprises as described in section 262p–4g(b) of this title;