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22 U.S.C. § 286qq — Quota increase to 4,973,100,000 Special Drawing Rights

submitted 81 years ago by Pub. L. 111-32 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 60 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. Governor of the IMF may agree to increase the U.S. quota at the Fund to 4,973,100,000 Special Drawing Rights. This authority only works to the extent Congress provides the money in advance through appropriations laws.

(a) In general The United States Governor of the IMF may consent to increasing the U.S. quota in the Fund to 4,973,100,000 Special Drawing Rights. (b) Subject to appropriations This authority takes effect only to the extent, or in the amounts, that Congress provides in advance through appropriations acts.
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 4,973,100,000 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, § 65, as added Pub. L. 111–32, title XIV, § 1402, June 24, 2009, 123 Stat. 1918.)

history & why it existsrecord from the source credit
  • 1945Enacted · Pub. L. 111-32 · 123 Stat. 1918

A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-32 on 1945-07-31.

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