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22 U.S.C. § 282b — Applicability of National Advisory Council on International Monetary and Financial Problems
submitted 71 years ago by ch. 788 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 31 words · no verdicts yet
in plain englishAI-generated · not legal advice
A law that applies to the World Bank also applies, in the same way, to the International Finance Corporation.
This section extends the rules of section 286b of this title — a provision governing the International Bank for Reconstruction and Development — to also apply to the Corporation. The text says these provisions apply "to the same extent" for the Corporation as they do for the Bank, meaning the Corporation is treated identically to the Bank under that other section. The section does not restate what section 286b requires; it only says that requirement now covers the Corporation too.
the actual law source: uscode.house.gov ↗public domain
The provisions of section 286b of this title, shall apply with respect to the Corporation to the same extent as with respect to the International Bank for Reconstruction and Development.
Source credit: (Aug. 11, 1955, ch. 788, § 4, 69 Stat. 669; Pub. L. 101–240, title V, § 541(e)(1), Dec. 19, 1989, 103 Stat. 2518.)
history & why it existsrecord from the source credit
- 1955Enacted · Act of Aug. 11, 1955, ch. 788 · 69 Stat. 669
- 1989Amended · Pub. L. 101-240 · 103 Stat. 2518
A history note hasn’t been published yet. The record shows enactment by ch. 788 on 1955-08-11.
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