22 U.S.C. § 286u — Dollar-Special Drawing Rights substitution account

submitted 81 years ago by Pub. L. 96-389 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 49 words · no verdicts yet

in plain englishAI-generated · not legal advice

It is the sense of Congress that the Treasury Secretary and the U.S. director at the IMF should encourage IMF member countries to negotiate a dollar-to-Special-Drawing-Rights substitution account. Congress wants any burdens shared fairly among the countries that take part.

It is the sense of Congress that the Secretary of the Treasury and the United States Executive Director of the IMF should encourage IMF member countries to negotiate a "dollar-Special Drawing Rights substitution account" — an account that would let countries swap dollars for Special Drawing Rights. Congress wants any burdens from this account shared fairly among the countries taking part.

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

It is the sense of the Congress that the Secretary of the Treasury and the United States Executive Director of the Fund shall encourage member countries of the Fund to negotiate a dollar-Special Drawing Rights substitution account in which equitable burden sharing would exist among participants in the account.

Source credit: (July 31, 1945, ch. 339, § 35, as added Pub. L. 96–389, § 4(b), Oct. 7, 1980, 94 Stat. 1554; amended Pub. L. 97–35, title XIII, § 1371(a)(2), Aug. 13, 1981, 95 Stat. 746.)

history & why it existsrecord from the source credit

1945Enacted · Pub. L. 96-389 · 94 Stat. 1554
1981Amended · Pub. L. 97-35 · 95 Stat. 746

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-389 on 1945-07-31.

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