22 U.S.C. § 286e–1m — Quota increase to 10,622,500,000 Special Drawing Rights

submitted 81 years ago by Pub. L. 105-277 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 60 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 10,622,500,000 Special Drawing Rights, but only up to what Congress appropriates first.

(a) In general. The United States Governor of the Fund may consent to an increase in the U.S. quota at the Fund, equal to 10,622,500,000 Special Drawing Rights. (b) Subject to appropriations. This authority only actually applies to the extent Congress appropriates the money in advance.

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

(a) In general

The United States Governor of the Fund may consent to an increase in the quota of the United States in the Fund equivalent to 10,622,500,000 Special Drawing Rights.

(b) Subject to appropriations

The authority provided by subsection (a) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

Source credit: (July 31, 1945, ch. 339, § 61, as added Pub. L. 105–277, div. A, § 101(d) [title VI, § 608], Oct. 21, 1998, 112 Stat. 2681–150, 2681–224.)

history & why it existsrecord from the source credit

1945Enacted · Pub. L. 105-277 · 112 Stat. 2681

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-277 on 1945-07-31.

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