22 U.S.C. § 286ss — Acceptance of amendment to Articles of Agreement of Fund approved on October 22, 1997
submitted 81 years ago by Pub. L. 111-32 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 149 words · no verdicts yet
The U.S. Governor of the IMF may accept the amendment to the Fund's Articles of Agreement in resolution 52–4, approved October 22, 1997. Within a year after accepting it, the Treasury Secretary must report to Congress analyzing how countries use and acquire Special Drawing Rights and reserve currencies.
The United States Governor of the Fund may agree to and accept the amendment to the Articles of Agreement of the Fund as proposed in the resolution numbered 52–4 of the Board of Governors of the Fund which was approved by such Board on October 22, 1997: Provided, That not more than one year after the acceptance of such amendments to the Fund’s Articles of Agreement, the Secretary of the Treasury shall submit a report to the appropriate congressional committees analyzing Special Drawing Rights, to include a discussion of how those countries that significantly use or acquire Special Drawing Rights in accordance with Article XIX, Section 2(c), use or acquire them; the extent to which countries experiencing balance of payment difficulties exchange or use their Special Drawing Rights to acquire reserve currencies; and the manner in which those reserve currencies are acquired when utilizing Special Drawing Rights.
Source credit: (July 31, 1945, ch. 339, § 67, as added Pub. L. 111–32, title XIV, § 1402, June 24, 2009, 123 Stat. 1918; amended Pub. L. 111–117, div. F, title VII, § 7034(q)(1)(A), Dec. 16, 2009, 123 Stat. 3363.)
- 1945Enacted · Pub. L. 111-32 · 123 Stat. 1918
- 2009Amended · Pub. L. 111-117 · 123 Stat. 3363
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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