§ 286e-1i. — Increase in United States quota; consultations with Congress.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286e-1i]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286e-1i. Increase in United States quota; consultations
with Congress
(a) The United States Governor of the Fund is authorized to consent
to an increase in the quota of the United States in the Fund equivalent
to 5,310,800,000 Special Drawing Rights, limited to such amounts as are
provided in advance in appropriations Acts.
(b)(1) The Secretary of the Treasury shall consult with the chairman
and the ranking minority member of--
(A) the Committee on Banking, Finance and Urban Affairs and the
Committee on Appropriations of the House of Representatives, and any
appropriate subcommittee of each such committee; and
(B) the committee on Foreign Relations, the Committee on
Appropriations, and the Committee on Banking, Housing, and Urban
Affairs of the Senate, and any appropriate subcommittee of each such
committee,
for purposes of discussing the position of the executive branch and the
views of the Congress with respect to any international negotiations
being held to consider any future quota increase for the International
Monetary Fund which may involve an increased contribution, subscription,
or loan by the United States.
(2) Such consultation shall be made--
(A) not later than thirty days before the initiation of such
international negotiations;
(B) during the period in which such negotiations are being held,
in a frequent and timely manner; and
(C) before a session of such negotiations is held at which the
United States representatives may agree to such quota increase.
(July 31, 1945, ch. 339, Sec. 41, as added Pub. L. 98-181, title VIII,
Sec. 802(a)(4), Nov. 30, 1983, 97 Stat. 1268.)
Change of Name
Committee on Banking, Finance and Urban Affairs of House of
Representatives treated as referring to Committee on Banking and
Financial Services of House of Representatives by section 1(a) of Pub.
L. 104-14, set out as a note preceding section 21 of Title 2, The
Congress. 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.
Section Referred to in Other Sections
This section is referred to in section 286y of this title.
