22 U.S.C. § 286e–1g — Additional increase in quota of United States; condition

submitted 81 years ago by Pub. L. 96-389 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 43 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the IMF agree to raise the U.S. quota. The increase equals 4,202.5 million Special Drawing Rights, but only up to what Congress appropriates in advance.

The United States Governor of the Fund may consent to an increase in the U.S. quota at the Fund, equal to 4,202.5 million Special Drawing Rights. This authority is limited to whatever amount Congress appropriates in advance through appropriation laws.

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

The United States Governor of the Fund is authorized to consent to an increase in the quota of the United States in the Fund equivalent to 4,202.5 million Special Drawing Rights, limited to such amounts as are appropriated in advance in appropriation Acts.

Source credit: (July 31, 1945, ch. 339, § 32, as added and amended Pub. L. 96–389, §§ 1, 11, Oct. 7, 1980, 94 Stat. 1551, 1555.)

history & why it existsrecord from the source credit

1945Enacted · Pub. L. 96-389 · 94 Stat. 1551, 1555

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-389 on 1945-07-31.

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