22 U.S.C. § 284c — Congressional authorization needed for certain actions

submitted 66 years ago by Pub. L. 86-565 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 57 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law blocks certain International Development Association actions without Congress's OK. Neither the President nor anyone else may subscribe more funds, accept amendments, or lend to the Association. Congress must pass a law authorizing the action first.

Unless Congress passes a law authorizing it, neither the President nor any other person or agency may, on the United States' behalf: (a) subscribe additional funds under article III, section 1 of the Association's articles of agreement; (b) accept any amendment under article IX of the articles; or (c) make a loan or provide other financing to the Association.

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

Unless Congress by law authorizes such action, neither the President nor any person or agency shall, on behalf of the United States, (a) subscribe to additional funds under article III, section 1, of the articles; (b) accept any amendment under article IX of the articles; or (c) make a loan or provide other financing to the Association.

Source credit: (Pub. L. 86–565, § 5, June 30, 1960, 74 Stat. 294.)

history & why it existsrecord from the source credit

1960Enacted · Pub. L. 86-565 · 74 Stat. 294

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-565 on 1960-06-30.

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