
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: 22USC286z]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
 SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION 
                             AND DEVELOPMENT
 
Sec. 286z. Collection and exchange of information on monetary 
        and financial problems
        

(a) Sense of Congress

    It is the sense of the Congress that--
        (1) the lack of sufficient information currently available to 
    allow members of the Fund to make sound and prudent decisions 
    concerning their public and private sector international borrowing, 
    and to allow lenders to make sound and prudent decisions concerning 
    their international lending, threatens the stability of the 
    international monetary system; and
        (2) in recognition of the Fund's duties, as provided 
    particularly by article VIII of the Articles of Agreement of the 
    Fund, to act as a center for the collection and exchange of 
    information on monetary and financial problems, the Fund should 
    adopt necessary and appropriate measures to ensure that more 
    complete and timely financial information will be available.

(b) Initiation by United States Executive Director of discussions with 
        other Directors; adoption of procedures

    To this end, the Secretary of the Treasury shall instruct the United 
States Executive Director of the Fund to initiate discussions with other 
directors of the Fund and with Fund management, and to propose and vote 
for, the adoption of procedures, within the Fund--
        (1) to collect and disseminate information, on a quarterly 
    basis, from and to Fund members, and to such other persons as the 
    Fund deems appropriate, concerning--
            (A) the extension of credit by banks or nonbanks to private 
        and public entities, including all government entities, 
        instrumentalities, and central banks of member countries; and
            (B) the receipt of such credit by those private and public 
        entities of member countries, where such banks or nonbanks are 
        not principally established within the borders of the member 
        country to which the credits are extended; and

        (2) to disseminate publicly information which is developed in 
    the course of the Fund's collection, and to review and comment on 
    efforts which the Fund determines would serve to enhance the 
    informational base upon which international borrowing and lending 
    decisions are taken.

(c) ``Credit'' defined

    For purposes of this section, the term ``credit'' includes--
        (1) outstanding loans to private and public entities, including 
    government entities, instrumentalities, and central banks of any 
    member, and
        (2) unused lines of credit which have been made available to 
    those private and public entities of any member,

where such loans or lines of credit are repayable in freely convertible 
currency.

(d) Providing necessary information

    The President is authorized to use the authority provided under 
section 286f of this title to require any person (as defined in such 
section) subject to the jurisdiction of the United States to provide 
such information as the Fund determines to be necessary in order to 
carry out the provisions of this section.

(July 31, 1945, ch. 339, Sec. 42, as added Pub. L. 98-181, title VIII, 
Sec. 802(a)(4), Nov. 30, 1983, 97 Stat. 1269.)
