22 U.S.C. § 5402 — Scope of authority

Page 1654 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 5402 to the Secretary of Commerce. This authority is to be exercised in consultation with the SEED Program Co- ordinator and in consultation with other agencies as appropriate. SEC. 4. Department of the Treasury. The functions con- ferred upon the President by section 104 of the Act [22 U.S.C. 5414] regarding debt reduction of certain East European countries are hereby delegated to the Sec- retary of the Treasury. The Secretary shall consult, as appropriate, with other relevant agencies in exercising the functions herein delegated. GEORGE BUSH. § 5402. Scope of authority (a) General authorization The President is authorized to conduct activi- ties for any East European country that are similar to any activity authorized by this chap- ter to be conducted in Poland or Hungary (ex- cluding those authorized by section 5412 of this title or the amendments made by sections 301 and 304) if such similar activities would effec- tively promote a transition to market-oriented democracy. (b) Administration of justice programs In order to strengthen the administration of justice in East European countries, the Presi- dent may exercise the same authorities with re- spect to those countries as are available under section 2346c of this title, subject to the limita- tions and requirements of that section, other than subsection (c) and the last two sentences of subsection (e). (c) ‘‘East European country’’ defined For purposes of this chapter, the term ‘‘East European country’’ includes Albania, Bulgaria, the Czech and Slovak Federal Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, and states that were part of the former Socialist Federal Republic of Yugoslavia. (Pub. L. 101–179, § 3, as added Pub. L. 102–511, title IX, § 903(a), Oct. 24, 1992, 106 Stat. 3355.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsecs. (a) and (c), was in the original ‘‘this Act’’, meaning Pub. L. 101–179, Nov. 28, 1989, 103 Stat. 1298, which is classified prin- cipally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5401 of this title and Tables. Sections 301 and 304, referred to in subsec. (a), are sections 301 and 304 of Pub. L. 101–179, title III, Nov. 28, 1989, 103 Stat. 1311, 1312. Section 301 amended section 2462 of Title 19, Customs Duties. Section 304 enacted section 2185 of this title, amended section 2184 of this title, and enacted provisions set out as a note under section 2185 of this title. SUBCHAPTER I—STRUCTURAL ADJUSTMENT § 5411. Multilateral support for structural adjust- ment in Poland and Hungary (a) Multilateral assistance for Poland and Hun- gary (1) In general To the extent that Poland and Hungary con- tinue to evolve toward pluralism and democ- racy and to develop and implement com- prehensive economic reform programs, the United States Government shall take the lead- ership in mobilizing international financial in- stitutions, in particular the International Monetary Fund and the International Bank for Reconstruction and Development and its affiliated institutions in the World Bank group, to provide timely and appropriate re- sources to help Poland and Hungary. (2) World Bank structural adjustment loan for Poland In furtherance of paragraph (1), the Sec- retary of the Treasury shall direct the United States Executive Director of the International Bank for Reconstruction and Development to urge expeditious approval and disbursement by the Bank of a structural adjustment loan to Poland in an appropriate amount in time to facilitate the implementation of major eco- nomic reforms scheduled for early 1990, includ- ing the termination of energy, export, and ag- ricultural subsidies and wage indexation. (b) Stabilization assistance, debt relief, and agri- cultural assistance for Poland To the extent that Poland continues to evolve toward pluralism and democracy and to develop and implement comprehensive economic reform programs, the United States Government shall do the following: (1) Stabilization assistance The United States Government, in conjunc- tion with other member governments of the Organization of Economic Cooperation and De- velopment (OECD) and international financial institutions (including the International Mon- etary Fund), shall support the implementation of a plan of the Government of Poland to at- tack hyperinflation and other structural eco- nomic problems, address pressing social prob- lems, carry out comprehensive economic re- form, and relieve immediate and urgent bal- ance of payments requirements in Poland, through the use of mechanisms such as— (A) the Exchange Stabilization Fund pur- suant to section 5302 of title 31 and in ac- cordance with established Department of the Treasury policies and procedures; and (B) the authority provided in section 5412(c) of this title. (2) Debt relief The United States Government— (A) shall urge all members of the ‘‘Paris Club’’ of creditor governments and other creditor governments to adopt, and partici- pate in, a generous and early rescheduling program for debts owed by the Government of Poland; and (B) in coordination with other creditor governments, shall seek to expedite con- sultations between the Government of Po- land and its major private creditors in order to facilitate a rescheduling and reduction of payments due on debt owed to such creditors in a manner consistent with the inter- national debt policy announced by the Sec- retary of the Treasury on March 10, 1989.