Browse Arkansas Code titles and sections
22 U.S.C. § 262s — Multilateral development bank procure-
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 L. 108–199 repealed heading and text of sub-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
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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 each multilateral development
bank conducted by persons or entities outside such
bank.’’
Statutory Notes and Related Subsidiaries
DEFINITIONS
Pub. L. 106–429, § 101(a) [title VIII, § 806], Nov. 6, 2000,
114 Stat. 1900, 1900A–68, provided that: ‘‘In this title [en-
acting this section and section 286oo of this title and
amending sections 262r–4, 286nn, and 2169 of this title]:
‘‘(1) APPROPRIATE CONGRESSIONAL COMMITTEES.—The
term ‘appropriate congressional committees’ means
the Committee on Foreign Relations and the Com-
mittee on Appropriations of the Senate, and the Com-
mittee on Banking and Financial Services [now Com-
mittee on Financial Services] and the Committee on
Appropriations of the House of Representatives.
‘‘(2) BANK.—The term ‘Bank’ means the Inter-
national Bank for Reconstruction and Development.
‘‘(3) FUND.—The term ‘Fund’ means the Inter-
national Monetary Fund.
‘‘(4) INTERNATIONAL
FINANCIAL
INSTITUTIONS.—The
term ‘international financial institutions’ means the
multilateral development banks and the Inter-
national Monetary Fund.
‘‘(5) MULTILATERAL DEVELOPMENT BANKS.—The term
‘multilateral development banks’ means the Inter-
national Bank for Reconstruction and Development,
the International Development Association, the
International Finance Corporation, the Inter-Amer-
ican Development Bank, the Asian Development
Bank, the Inter-American Investment Corporation,
the African Development Bank, the African Develop-
ment Fund, the European Bank for Reconstruction
and Development, and the Multilateral Investment
Guaranty Agency.
‘‘(6) SECRETARY.—The term ‘Secretary’ means the
Secretary of the Treasury.’’
§ 262s. Multilateral development bank procure-
ment
(a) Executive Directors
The Secretary of the Treasury shall instruct
the United States Executive Director of each
multilateral development bank to attach a high
priority to promoting opportunities for exports
for goods and services from the United States
and, in carrying out this function, to investigate
thoroughly any complaints from United States
bidders about the awarding of procurement con-
tracts by the multilateral development banks to
ensure that all contract procedures and rules of
the banks are observed and that United States
firms are treated fairly.
(b) 1 Officer of procurement
(1) Establishment
The Secretary of the Treasury shall des-
ignate, within the Office of International Af-
fairs in the Department of the Treasury, an of-
ficer of multilateral development bank pro-
curement.
(2) Function
The officer shall act as the liaison between
the Department of the Treasury, the Depart-
ment of Commerce, and the United States Ex-
ecutive Directors’ offices in the multilateral
development banks, in carrying out this sec-
tion. The officer shall cooperate with the De-
partment of Commerce in efforts to improve
opportunities for multilateral development
bank procurement by United States compa-
nies.
(b) 1 ‘‘Multilateral development bank’’ defined
As used in this section, the term ‘‘multilateral
development bank’’ includes the International
Bank for Reconstruction and Development, the
International
Development
Association,
the
International Finance Corporation, the Inter-
American Development Bank, the InterAmer-
ican Investment Corporation, the Asian Devel-
opment Bank, the African Development Bank,
and the African Development Fund.
(Pub. L. 95–118, title XVIII, § 1801, formerly Pub.
L. 100–418, title III, § 3202, Aug. 23, 1988, 102 Stat.
1382; renumbered § 1801 of Pub. L. 95–118, Pub. L.
101–240, title V, § 541(b)(1), Dec. 19, 1989, 103 Stat.
2517.)
Editorial Notes
CODIFICATION
Section was formerly classified to section 262q of this
title prior to renumbering by Pub. L. 101–240.
Statutory Notes and Related Subsidiaries
SHORT TITLE
Pub. L. 100–418, title III, § 3201, Aug. 23, 1988, 102 Stat.
1382, provided that: ‘‘This subtitle [subtitle C (§§ 3201,
Page 91
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 262s–2
3202) of title III of Pub. L. 100–418, enacting former sec-
tion 262q of this title] may be cited as the ‘Multilateral
Development Banks Procurement Act of 1988’.’’
DEFINITIONS
The definitions in section 262r of this title apply to
this section.
§ 262s–1. Procurement opportunities for United
States firms
The Secretary of the Treasury shall instruct
the United States Executive Directors of the
multilateral development institutions to take
all possible steps to ensure that information re-
lating to potential procurement opportunities
for United States firms is expeditiously commu-
nicated to the Secretary of the Treasury, the
Secretary of State, and the Secretary of Com-
merce, and is disseminated as widely as possible
to large and small businesses.
(Pub. L. 95–118, title XVIII, § 1802, as added Pub.
L. 101–240, title V, § 541(a), Dec. 19, 1989, 103 Stat.
2516.)
Statutory Notes and Related Subsidiaries
DEFINITIONS
The definitions in section 262r of this title apply to
this section.
§ 262s–2. Commercial Service Officers and multi-
lateral development bank procurement
(a) Appointment of Commercial Service Officers
to serve with Executive Directors
The Secretary of Commerce, in consultation
with the Secretary of the Treasury, shall ap-
point a procurement officer, who is a representa-
tive of the International Trade Administration
or a Commercial Service Officer of the United
States and Foreign Commercial Service, to
serve, on a full-time or part-time basis, with
each of the Executive Directors of the multilat-
eral development banks in which the United
States participates.
(b) Functions of officers
Each procurement officer appointed under sub-
section (a) shall assist the United States Execu-
tive Director with respect to whom such officer
is appointed in promoting opportunities for ex-
ports of goods and services from the United
States by doing the following:
(1) Acting as the liaison between the busi-
ness community and the multilateral develop-
ment bank involved, whether or not the bank
has offices in the United States. The Secretary
of Commerce shall ensure that the procure-
ment officer has access to, and disseminates to
United States businesses, information relating
to projects which are being proposed by the
multilateral development bank, and bid speci-
fications and deadlines for projects about to be
developed by the bank. The procurement offi-
cer shall make special efforts to disseminate
such information to small and medium-sized
businesses interested in participating in such
projects. The procurement officer shall explore
opportunities for disseminating such informa-
tion through private sector, nonprofit organi-
zations.
(2) Taking actions to assure that United
States businesses are fully informed of bidding
opportunities for projects for which loans have
been made by the multilateral development
bank involved.
(3) Taking actions to assure that United
States businesses can focus on projects in
which they have a particular interest or com-
petitive advantage, and to permit them to
compete and have an equal opportunity in sub-
mitting timely and conforming bidding docu-
ments.
(Pub. L. 95–118, title XVIII, § 1803, formerly Pub.
L. 100–418, title II, § 2302, Aug. 23, 1988, 102 Stat.
1341; renumbered § 1803 of Pub. L. 95–118, and
amended Pub. L. 101–240, title V, § 541(b)(2), Dec.
19, 1989, 103 Stat. 2517.)
Editorial Notes
CODIFICATION
Section was formerly classified to section 4722 of
Title 15, Commerce and Trade, prior to renumbering by
Pub. L. 101–240.
AMENDMENTS
1989—Subsec. (c). Pub. L. 101–240 struck out subsec.
(c) which defined ‘‘multilateral development bank’’ for
purposes of this section.
Statutory Notes and Related Subsidiaries
ADDITIONAL PROCUREMENT OFFICERS
Pub. L. 102–549, title V, § 501, Oct. 28, 1992, 106 Stat.
3663, provided that:
‘‘(a) APPOINTMENT.—The Secretary of Commerce, in
consultation with the Secretary of the Treasury, shall
appoint one or more full-time additional procurement
officers, for each multilateral development bank, to
promote exports of goods and services from the United
States by doing the following:
‘‘(1) Acting as the liaison between the business
community and one or more multilateral develop-
ment banks, whether or not the banks have offices in
the United States. The Secretary of Commerce shall
ensure that the procurement officer has access to,
and disseminates to United States businesses, infor-
mation relating to projects which are being proposed
by the multilateral development bank involved, and
bid specifications and deadlines for projects about to
be developed by the bank. The procurement officer
shall make special efforts to disseminate such infor-
mation to small- and medium-sized businesses inter-
ested in participating in such projects. The procure-
ment officer shall explore opportunities for dissemi-
nating such information through private sector, non-
profit organizations.
‘‘(2) Taking actions to assure that United States
businesses are fully informed of bidding opportunities
for projects for which loans have been made by the
multilateral development bank involved.
‘‘(3) Taking actions to assure that United States
businesses can focus on projects in which they have
a particular interest or competitive advantage, and
to permit them to compete and have an equal oppor-
tunity in submitting timely and conforming bidding
documents.
‘‘(b) DEFINITION.—As used in this section, the term
‘multilateral development bank’ has the meaning given
that term in section 1701(c) of the International Finan-
cial Institutions Act (22 U.S.C. 262r(c)).
‘‘(c) AUTHORIZATION
OF APPROPRIATIONS.—There are
authorized to be appropriated to the Secretary of Com-
merce $1,000,000 for each of the fiscal years 1993 and 1994
to carry out this section. Amounts appropriated pursu-
ant to this subsection shall be available only for the
purpose of making the appointment of additional pro-
curement officers required by subsection (a).’’
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Federal law — U.S. Code and appendices · legal_authorities
For the purposes of any civil action which may be brought within the United States, its territories or possessions, or the Commonwealth of Puerto Rico, by or against the Bank in accordance with the agreement, the Bank shall be deemed to be an inhabitant of the Federal judicial district in which its principal office within the United States or its agent appointed for the purpose of accepting service or notice of service is located, and any such action to which the Bank shall be a party shall be deemed to arise under the laws of the United States, and the district courts of the United States, including the courts enumerated in [section 460 of title 28](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title28-section460&num=0&edition=prelim), shall have original jurisdiction of any such action. When the Bank is defendant in any action in a State court, it may at any time before the trial thereof remove the action into the appropriate district court of the United States by following the procedure for removal provided in [section 1446 of title 28](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title28-section1446&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 262r
Stored review status: release_metadata_unconfirmed. The source passage cites 22 U.S.C. § 262r. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
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
thi
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 262r
Stored review status: historical_2024_not_currentness_verified. The source passage cites 22 U.S.C. § 262r. This identifies an authority to review, not proof of applicability.
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).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 262s
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.