22 U.S.C. § 262g–3 — International negotiations on future replenishments of international financial institutions; consultation with appropriate Members of Congress

The Secretary of the Treasury, or someone the Secretary picks, must talk with Congress about international bank negotiations. The Secretary must consult with the top two leaders — the Chairman and the Ranking Minority Member — of: (1) The House Committee on Banking, Finance and Urban Affairs, the House Committee on Appropriations, and each committee's relevant subcommittee. (2) The Senate Committee on Foreign Relations, the Senate Committee on Appropriations, and each committee's relevant subcommittee. This consultation is about talks between the U.S. and multilateral development banks. It applies when those talks could lead to the U.S. giving more money — through a "replenishment" (adding more funds) or a "capital expansion" (increasing the bank's overall capital). The Secretary must talk with these leaders at three points: (A) At least 30 days before the international negotiations start. (B) Often and promptly while the negotiations are happening. (C) Before any session where U.S. representatives might agree to the replenishment or capital expansion.