22 U.S.C. § 286e–8 — Treatment of creditors in debt rescheduling

submitted 81 years ago by Pub. L. 95-435 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 53 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law tells the Treasury Secretary to instruct the U.S. director at the IMF on debt rescheduling. The director must work to keep IMF decisions from undercutting U.S. policy. That policy requires treating public and private creditors comparably when U.S. official credits are involved.

The Secretary of the Treasury must instruct the United States Executive Director to work to make sure no IMF decision undermines or departs from United States policy. That policy concerns the comparability of treatment — treating similarly — of public and private creditors in cases where debt is being rescheduled and official U.S. credits are involved.

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

The Secretary of the Treasury shall instruct the United States executive director to seek to assure that no decision by the International Monetary Fund undermines or departs from United States policy regarding the comparability of treatment of public and private creditors in cases of debt rescheduling where official United States credits are involved.

Source credit: (July 31, 1945, ch. 339, § 29, as added Pub. L. 95–435, § 3, Oct. 10, 1978, 92 Stat. 1052; amended Pub. L. 96–389, § 5, Oct. 7, 1980, 94 Stat. 1554.)

history & why it existsrecord from the source credit

1945Enacted · Pub. L. 95-435 · 92 Stat. 1052
1980Amended · Pub. L. 96-389 · 94 Stat. 1554

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-435 on 1945-07-31.

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