§ 262r-4. — Annual report and testimony on state of international financial system, IMF reform, and compliance with IMF agreements.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 22USC262r-4]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
Sec. 262r-4. Annual report and testimony on state of
international financial system, IMF reform, and compliance with
IMF agreements
(a) Reports
Not later than October 1 of each year, the Secretary of the Treasury
shall submit to the Committees on Banking and Financial Services and on
Ways and Means of the House of Representatives and the Committees on
Finance and on Foreign Relations of the Senate a written report on (1)
the progress (if any) made by the United States Executive Director at
the International Monetary Fund in influencing the International
Monetary Fund to adopt the policies and reform its internal procedures
in the manner described in section 262o-2 of this title, and (2) the
progress made by the International Monetary Fund in adopting and
implementing the policies described in section 801(c)(1)(B) of the
Foreign Operations, Export Financing, and Related Programs
Appropriations Act, 2001.
(b) Testimony
After submitting the report required by subsection (a) of this
section but not later than March 1 of each year, the Secretary of the
Treasury shall appear before the Committee on Banking and Financial
Services of the House of Representatives and the Committee on Foreign
Relations of the Senate and present testimony on--
(1) any progress made in reforming the International Monetary
Fund;
(2) the status of efforts to reform the international financial
system; and
(3) the compliance of countries which have received assistance
from the International Monetary Fund with agreements made as a
condition of receiving the assistance.
(Pub. L. 95-118, title XVII, Sec. 1705, as added Pub. L. 105-277, div.
A, Sec. 101(d) [title VI, Sec. 613], Oct. 21, 1998, 112 Stat. 2681-150,
2681-230; amended Pub. L. 106-200, title IV, Sec. 404(c), May 18, 2000,
114 Stat. 292; Pub. L. 106-429, Sec. 101(a) [title VIII, Sec. 803(c)],
Nov. 6, 2000, 114 Stat. 1900, 1900A-67.)
References in Text
Section 801(c)(1)(B) of the Foreign Operations, Export Financing,
and Related Programs Appropriations Act, 2001, referred to in subsec.
(a)(2), is section 801(c)(1)(B) of Pub. L. 106-429, Sec. 101(a) [title
VIII], Nov. 6, 2000, 114 Stat. 1900, 1900A-65, which is not classified
to the Code.
Amendments
2000--Subsec. (a). Pub. L. 106-429 inserted ``(1)'' after ``a
written report on'' and inserted before period at end ``, and (2) the
progress made by the International Monetary Fund in adopting and
implementing the policies described in section 801(c)(1)(B) of the
Foreign Operations, Export Financing, and Related Programs
Appropriations Act, 2001''.
Pub. L. 106-200 substituted ``Committees on Banking and Financial
Services and on Ways and Means of the House of Representatives and the
Committees on Finance and on Foreign Relations of the Senate'' for
``Committee on Banking and Financial Services of the House of
Representatives and the Committee on Foreign Relations of the Senate''.
Change of Name
Committee on Banking and Financial Services of House of
Representatives abolished and replaced by Committee on Financial
Services of House of Representatives, and jurisdiction over matters
relating to securities and exchanges and insurance generally transferred
from Committee on Energy and Commerce of House of Representatives by
House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.
Definitions
The definitions in section 262r of this title apply to this section.
