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22 U.S.C. § 262p–4rUse of authority of United States Executive Directors

submitted 25 years ago by Pub. L. 107-56 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 177 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Action by the President

If the President determines that a particular foreign country has taken or has committed to take actions that contribute to efforts of the United States to respond to, deter, or prevent acts of international terrorism, the Secretary may, consistent with other applicable provisions of law, instruct the United States Executive Director of each international financial institution to use the voice and vote of the Executive Director to support any loan or other utilization of the funds of the respective institutions for such country, or any public or private entity within such country.

(b) Use of voice and vote

The Secretary may instruct the United States Executive Director of each international financial institution to aggressively use the voice and vote of the Executive Director to require an auditing of disbursements at such institution to ensure that no funds are paid to persons who commit, threaten to commit, or support terrorism.

(c) Definition

For purposes of this section, the term “international financial institution” means an institution described in section 262r(c)(2) of this title.

Source credit: (Pub. L. 107–56, title III, § 360, Oct. 26, 2001, 115 Stat. 329; Pub. L. 108–458, title VI, § 6202(l), Dec. 17, 2004, 118 Stat. 3746.)

history & why it existsrecord from the source credit
  • 2001Enacted · Pub. L. 107-56 · 115 Stat. 329
  • 2004Amended · Pub. L. 108-458 · 118 Stat. 3746

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-56 on 2001-10-26.

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