
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC282c]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
            SUBCHAPTER XI--INTERNATIONAL FINANCE CORPORATION
 
Sec. 282c. Congressional authorization needed for certain 
        actions
        
    Unless Congress by law authorizes such action, neither the President 
nor any person or agency shall on behalf of the United States (a) 
subscribe to additional shares of stock under article II, section 3, of 
the Articles of Agreement of the Corporation; (b) accept any amendment 
under article VII of the Articles of Agreement of the Corporation; (c) 
make any loan to the Corporation. The United States Governor of the 
Corporation is authorized to agree to an amendment to article III of the 
articles of agreement of the Corporation to authorize the Corporation to 
make investments of its funds in capital stock and to limit the exercise 
of voting rights by the Corporation unless exercise of such rights is 
deemed necessary by the Corporation to protect its interests, as 
proposed in the resolution submitted by the Board of Directors on 
February 20, 1961. Unless Congress by law authorizes such action, no 
governor or alternate representing the United States shall vote for an 
increase of capital stock of the Corporation under article II, section 
2(c)(ii), of the Articles of Agreement of the Corporation.

(Aug. 11, 1955, ch. 788, Sec. 5, 69 Stat. 669; Pub. L. 87-185, Aug. 30, 
1961, 75 Stat. 413.)


                               Amendments

    1961--Pub. L. 87-185 authorized acceptance of an amendment to the 
articles of agreement of the Corporation to permit investment in capital 
stock and to limit the exercise of voting rights.
