22 U.S.C. § 262p–4q — Opposition to assistance by international financial institutions to terrorist states
submitted 30 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 143 words · no verdicts yet
This law directs Treasury to instruct U.S. representatives at international financial institutions to oppose loans to countries the State Department has designated as terrorism supporters. It defines which institutions count, including the World Bank, IMF, and regional development banks.
(a) In general
The Treasury Secretary must instruct the U.S. representative at each international financial institution to use America's voice and vote to oppose any loan or other use of that institution's funds for a country the Secretary of State has determined, under section 4605(j) of title 50 or section 2371 of this title, to be a state sponsor of terrorism.
(b) "International financial institution" defined
For this section, "international financial institution" includes: (1) the World Bank, the International Development Association, and the International Monetary Fund; (2) wherever applicable, the Inter-American Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the African Development Bank, and the African Development Fund; and (3) any similar institution established after April 24, 1996.
The Secretary of the Treasury shall instruct the United States executive director of each international financial institution to use the voice and vote of the United States to oppose any loan or other use of the funds of the respective institution to or for a country for which the Secretary of State has made a determination under section 4605(j) 1 of title 50 or section 2371 of this title.
For purposes of this section, the term “international financial institution” includes—
the International Bank for Reconstruction and Development, the International Development Association, and the International Monetary Fund;
wherever applicable, the Inter-American Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the African Development Bank, and the African Development Fund; and
any similar institution established after April 24, 1996.
Source credit: (Pub. L. 95–118, title XVI, § 1621, as added Pub. L. 104–132, title III, § 327, Apr. 24, 1996, 110 Stat. 1257.)
- 1996Enacted · Pub. L. 95-118 · 110 Stat. 1257
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 1996-04-24.
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