
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: 22USC5332]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
               CHAPTER 62--INTERNATIONAL FINANCIAL POLICY
 
                    SUBCHAPTER II--INTERNATIONAL DEBT
 
             Part B--International Debt Management Authority
 
Sec. 5332. Actions to facilitate creation of Authority


(a) In general

    No funds, appropriations, contributions, callable capital, financial 
guarantee, or any other financial support or obligation or contingent 
support or obligation on the part of the United States Government may be 
used for the creation, operation, or support of the International Debt 
Management Authority specified in section 5331 of this title, without 
the express approval of the Congress through subsequent law, nor shall 
any expenses associated with such authority, either directly or 
indirectly, accrue to any United States person without the consent of 
such person. Except as restricted in the preceding sentence, the 
Secretary of the Treasury shall review all potential resources available 
to the multilateral financial institutions which could be used to 
support the creation of the International Debt Management Authority. In 
the course of this review, the Secretary shall direct--
        (1) the United States Executive Director of the International 
    Monetary Fund to determine the amount of, and alternative methods by 
    which, gold stock of the Fund which, subject to action by its Board 
    of Governors, could be pledged as collateral to obtain financing for 
    the activities of the authority specified in section 5331 of this 
    title; and
        (2) the United States Executive Director to the International 
    Bank for Reconstruction and Development to determine the amount of, 
    and alternative methods by which, liquid assets controlled by such 
    Bank and not currently committed to any loan program which, subject 
    to action by its Board of Governors, could be pledged as collateral 
    for obtaining financing for the activities of the authority 
    specified in section 5331 of this title.

The Secretary of the Treasury shall include a report on the results of 
the review in the first report submitted under section 5331(c) of this 
title.

(b) Construction of section

    Subsection (a) of this section shall not be construed to affect any 
provision of the Articles of Agreement of the International Monetary 
Fund or of the International Bank for Reconstruction and Development or 
any agreement entered into under either of such Agreements.

(Pub. L. 100-418, title III, Sec. 3112, Aug. 23, 1988, 102 Stat. 1378.)

                  Section Referred to in Other Sections

    This section is referred to in section 5331 of this title.
