22 U.S.C. § 286k — Further promotion of international economic relations
submitted 81 years ago by ch. 339 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 260 words · no verdicts yet
It is U.S. policy to seek more international cooperation to expand and balance world trade, cut trade barriers, end unfair trade practices, and stabilize international economic relations. U.S. officials at the IMF and World Bank must weigh progress on this when setting U.S. lending policy. The President must share IMF information with congressional committees on request, within limits for sensitive material.
In the realization that additional measures of international economic cooperation are necessary to facilitate the expansion and balanced growth of international trade and render most effective the operations of the Fund and the Bank, it is declared to be the policy of the United States to seek to bring about further agreement and cooperation among nations and international bodies, as soon as possible, on ways and means which will best reduce obstacles to and restrictions upon international trade, eliminate unfair trade practices, promote mutually advantageous commercial relations, and otherwise facilitate the expansion and balanced growth of international trade and promote the stability of international economic relations. In considering the policies of the United States in foreign lending and the policies of the Fund and the Bank, particularly in conducting exchange transactions, the Council and the United States representatives on the Fund and the Bank shall give careful consideration to the progress which has been made in achieving such agreement and cooperation.
The President shall, upon the request of any committee of the Congress with legislative or oversight jurisdiction over monetary policy or the International Monetary Fund, provide to such committee any appropriate information relevant to that committee’s jurisdiction which is furnished to any department or agency of the United States by the International Monetary Fund. The President shall comply with this provision consistent with United States membership obligations in the International Monetary Fund and subject to such limitations as are appropriate to the sensitive nature of the information.
Source credit: (July 31, 1945, ch. 339, § 14, 59 Stat. 517; Pub. L. 95–147, § 4(a)(2), Oct. 28, 1977, 91 Stat. 1228.)
- 1945Enacted · Act of July 31, 1945, ch. 339 · 59 Stat. 517
- 1977Amended · Pub. L. 95-147 · 91 Stat. 1228
A history note hasn’t been published yet. The record shows enactment by ch. 339 on 1945-07-31.
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