22 U.S.C. § 262p–13 — Support for capacity of the International Monetary Fund to prevent money laundering and financing of terrorism

submitted 7 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 60 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law tells the Treasury Secretary to direct the U.S. IMF representative to support spending more of the IMF's budget on technical help. That help is meant to strengthen IMF member countries' ability to stop money laundering and terrorism financing.

The Secretary of the Treasury must instruct the United States Executive Director at the International Monetary Fund to use America's voice and vote to support increasing how much of the Fund's administrative budget goes toward technical assistance. That assistance is meant to strengthen IMF member countries' ability to prevent money laundering and the financing of terrorism.

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

The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice and vote of the United States to support the increased use of the administrative budget of the Fund for technical assistance that strengthens the capacity of members of the Fund to prevent money laundering and the financing of terrorism.

Source credit: (Pub. L. 95–118, title XVI, § 1629, as added Pub. L. 116–92, div. F, title LXXI, § 7125(a), Dec. 20, 2019, 133 Stat. 2249.)

history & why it existsrecord from the source credit

2019Enacted · Pub. L. 95-118 · 133 Stat. 2249

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 2019-12-20.

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