22 U.S.C. § 262m–1 — Environmental performance of banks; mechanisms for improvement

submitted 39 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 69 words · no verdicts yet

in plain englishAI-generated · not legal advice

Treasury, State, and the Agency for International Development must push to strengthen banks' environmental performance. They must improve the banks' internal organization and procedures. The goal is better management of programs that protect natural resources and indigenous peoples.

The Secretary of the Treasury and the Secretary of State, working with the Administrator of the Agency for International Development, must strongly promote ways to strengthen these banks' environmental performance. These ways must include improving the banks' organizational, administrative, and procedural setup. The goal is to substantially improve how the banks manage assistance programs, so they sustainably use natural resources and protect indigenous peoples.

the actual law source: uscode.house.gov ↗public domain

The Secretary of the Treasury and the Secretary of State, in cooperation with the Administrator of the Agency for International Development, shall vigorously promote mechanisms to strengthen the environmental performance of these banks. These mechanisms shall include strengthening organizational, administrative, and procedural arrangements within the banks which will substantially improve management of assistance programs necessary to ensure the sustainable use of natural resources and the protection of indigenous peoples.

Source credit: (Pub. L. 95–118, title XIII, § 1302, as added Pub. L. 100–202, § 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329–131, 1329–134.)

history & why it existsrecord from the source credit

1987Enacted · Pub. L. 95-118 · 101 Stat. 1329

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 1987-12-22.

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