22 U.S.C. § 286q — Limitation on allocations to the United States

(a) Unless Congress passes a law authorizing it, neither the President nor anyone else can vote, on behalf of the United States, to allocate Special Drawing Rights under Article XVIII, sections 2 and 3 of the Fund's Articles of Agreement, in a way that gives the United States more SDRs in that period than the U.S. quota at the Fund allows (as set under the Bretton Woods Agreements Act). (b)(1) Neither the President nor anyone else can vote, on the United States' behalf, to allocate Special Drawing Rights under Article XVIII, sections 2 and 3, without the Secretary of the Treasury first consulting — at least 90 days before the vote — the Chairman and ranking minority members of the Senate Foreign Relations Committee, the Senate Banking, Housing, and Urban Affairs Committee, the House Banking, Finance and Urban Affairs Committee, and their relevant subcommittees. (2) These consultations must explain how the proposed allocation is consistent with the Fund's Articles of Agreement — in particular, the requirement that the Fund, in all its SDR-allocation decisions, must "seek to meet the long-term global need... to supplement existing reserve assets" in a way that promotes its purposes and avoids both economic stagnation/deflation and excess demand/inflation worldwide. (3) Unless Congress passes a law authorizing it, neither the President nor anyone else can, on the United States' behalf, voluntarily exchange Special Drawing Rights held by a member country if the Secretary of State has found that country's government either: (A) committed genocide at any point in the year before the transaction; or (B) repeatedly supported international terrorism. (4) The Secretary of the Treasury must direct the U.S. Executive Director at each international financial institution to use the U.S. voice and vote to: (A) oppose giving financial assistance to any government the Secretary of State has flagged under paragraph (3); and (B) try to make sure other member countries don't make voluntary SDR exchanges with such a government either. (5) Waiver. The President may waive paragraphs (3) and (4) case by case, but only by reporting to the House Financial Services Committee and the Senate Foreign Relations Committee that the waiver serves the U.S. national interest, with a detailed explanation why.