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22 U.S.C. § 286fObtaining and furnishing information to the Fund

submitted 81 years ago by ch. 339 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 345 words · no verdicts yet

in plain englishAI-generated · not legal advice

The President can require people to give the IMF information it requests, without revealing individual details. Anyone who refuses can be subpoenaed to testify or produce records. Government workers who misuse or leak this information face fines up to $5,000 or five years in prison.

(a) Required disclosure: When the IMF asks the United States for data under Article VIII, Section 5 of its Articles of Agreement, the President may act. The President can pick any agency to require a person to hand over information. The President must collect only the information needed to answer the IMF's request — nothing more. None of this information can be passed to the IMF in enough detail to reveal any single person's private affairs. (b) Penalty for refusal: If someone refuses to hand over the required information, the President (through a chosen agency) can issue a subpoena. The subpoena can order that person to testify, to produce records, or both. If the person still refuses or disobeys, the case goes to the U.S. district court where that person is found, lives, or does business. The court can order the person to testify or produce documents. If the person still refuses, the court can punish them for contempt. (c) Penalty for unlawful disclosures: It is illegal for any government officer, employee, advisor, or consultant to disclose this information outside of official duties. It is also illegal for them to use the information for personal benefit. Anyone who breaks this rule can be fined up to $5,000, imprisoned for up to five years, or both. (d) "Person" defined: In this section, "person" means an individual, a partnership, a corporation, or an association.
the actual law source: uscode.house.gov ↗public domain
(a) Required disclosure

Whenever a request is made by the Fund to the United States as a member to furnish data under article VIII, section 5, of the Articles of Agreement of the Fund, the President may, through any agency he may designate, require any person to furnish such information as the President may determine to be essential to comply with such request. In making such determination the President shall seek to collect the information only in such detail as is necessary to comply with the request of the Fund. No information so acquired shall be furnished to the Fund in such detail that the affairs of any person are disclosed.

(b) Penalty for refusal

In the event any person refuses to furnish such information when requested to do so, the President, through any designated governmental agency, may by subpoena require such person to appear and testify or to appear and produce records and other documents, or both. In case of contumacy by, or refusal to obey a subpoena served upon any such person, the district court for any district in which such person is found or resides or transacts business, upon application by the President or any governmental agency designated by him, shall have jurisdiction to issue an order requiring such person to appear and give testimony or appear and produce records and documents, or both; and any failure to obey such order of the court may be punished by such court as a contempt thereof.

(c) Penalty for unlawful disclosures

It shall be unlawful for any officer or employee of the Government, or for any advisor or consultant to the Government, to disclose, otherwise than in the course of official duty, any information obtained under this section, or to use any such information for his personal benefit. Whoever violates any of the provisions of this subsection shall, upon conviction, be fined not more than $5,000, or imprisoned for not more than five years, or both.

(d) “Person” defined

The term “person” as used in this section means an individual, partnership, corporation or association.

Source credit: (July 31, 1945, ch. 339, § 8, 59 Stat. 515.)

history & why it existsrecord from the source credit
  • 1945Enacted · Act of July 31, 1945, ch. 339 · 59 Stat. 515

A history note hasn’t been published yet. The record shows enactment by ch. 339 on 1945-07-31.

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