
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC286dd]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
 SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION 
                             AND DEVELOPMENT
 
Sec. 286dd. Fund bailouts of banks; rescheduling of debt

    The Secretary of the Treasury shall instruct the United States 
Executive Director of the Fund--
        (1) to oppose and vote against any Fund drawing by a member 
    country where, in his judgment, the Fund resources would be drawn 
    principally for the purpose of repaying loans which have been 
    imprudently made by banking institutions to the member country; and
        (2) to work to insure that the Fund encourages borrowing 
    countries and banking institutions to negotiate, where appropriate, 
    a rescheduling of debt which is consistent with safe and sound 
    banking practices and the country's ability to pay.

(July 31, 1945, ch. 339, Sec. 46, as added Pub. L. 98-181, title VIII, 
Sec. 807, Nov. 30, 1983, 97 Stat. 1273.)
