
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: 22USC286ii]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
 SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION 
                             AND DEVELOPMENT
 
Sec. 286ii. Limitations on Bank policy based lending; actions 
        required to be taken to oppose excessive policy based lending by 
        Bank
        
    The Secretary of the Treasury shall--
        (1) take all necessary steps to encourage the International Bank 
    for Reconstruction and Development to limit--
            (A) the aggregate value of the policy based loans made by 
        such bank (other than for the purpose described in section 
        286hh(b) of this title) in any fiscal year of such bank 
        beginning after June 30, 1989, to 25 percent of the aggregate 
        value of all loans made by such bank in such fiscal year; and
            (B) the aggregate value of the policy based loans made by 
        such bank to the government of a particular country (other than 
        for the purpose described in section 286hh(b) of this title) in 
        any fiscal year of such bank beginning after June 30, 1989, and 
        occurring during any period of 3 consecutive fiscal years of 
        such bank (determined after disregarding any such fiscal year in 
        which such bank did not make a policy based loan to such 
        government), to 50 percent of the aggregate value of all loans 
        made by such bank to such government during such 3-year period;

        (2) instruct the United States Executive Director of such bank 
    to propose and actively seek the adoption by the board of Executive 
    Directors of such bank of a resolution establishing as official bank 
    operating policy for fiscal years 1990 through 1995 of such bank the 
    limits specified in paragraph (1); and
        (3) until the resolution described in paragraph (2) is adopted, 
    undertake, in consultation with the Secretary of State, discussions 
    with other member country governments to secure the consent and 
    cooperation of such governments with respect to the adoption of the 
    limits specified in paragraph (1).

(Pub. L. 100-461, title V, Sec. 555, Oct. 1, 1988, 102 Stat. 2268-36.)

                          Codification

    Section is based on section 4 of H.R. 4645, One Hundredth Congress, 
as reported Sept. 28, 1988, and enacted into law by Pub. L. 100-461.
    Section was not enacted as part of act July 31, 1945, ch. 339, 59 
Stat. 512, known as the Bretton Woods Agreements Act, which comprises 
this subchapter.
