ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

22 U.S.C. § 262hOpposition by United States Executive Directors of international financial institutions to assistance for production or extraction of export commodities or minerals in surplus on world markets

submitted 40 years ago by Pub. L. 99-472 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 144 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury Secretary must tell U.S. representatives at nine development banks to vote against certain loans. They must oppose funding that helps produce or export commodities or minerals already in surplus. This applies only when the exports would seriously hurt U.S. producers.

The Secretary of the Treasury must instruct the U.S. Executive Directors at nine institutions to oppose certain loans. Those institutions are: the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the International Monetary Fund, the Asian Development Bank, the Inter-American Investment Corporation, the African Development Bank, and the African Development Fund. The U.S. Executive Directors must use America's voice and vote to oppose any assistance from these institutions — using money appropriated or otherwise made available under any law — for producing or extracting a commodity or mineral meant for export, if both of these are true: (1) The commodity or mineral is already in surplus on world markets. (2) Exporting it would cause substantial injury to U.S. producers of the same, similar, or competing commodity or mineral.
the actual law source: uscode.house.gov ↗public domain

The Secretary of the Treasury shall instruct the United States Executive Directors of the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the International Monetary Fund, the Asian Development Bank, the Inter-American Investment Corporation, the African Development Bank, and the African Development Fund to use the voice and vote of the United States to oppose any assistance by such institutions, using funds appropriated or otherwise made available pursuant to any provision of law, for the production or extraction of any commodity or mineral for export, if—

(1)

such commodity or mineral, as the case may be, is in surplus on world markets; and

(2)

the export of such commodity or mineral, as the case may be, would cause substantial injury to the United States producers of the same, similar, or competing commodity or mineral.

Source credit: (Pub. L. 99–472, § 22, Oct. 15, 1986, 100 Stat. 1210.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-472 · 100 Stat. 1210

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-472 on 1986-10-15.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case