22 U.S.C. § 286yy — Opposition to assistance for any government that fails to implement sanctions on North Korea

submitted 81 years ago by Pub. L. 116-92 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 199 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury Secretary must instruct the U.S. director at every international financial institution to oppose financial assistance — other than basic human needs support — to a government that knowingly failed to enforce UN sanctions on North Korea in the prior year. The President may waive this for up to 180 days at a time if the failure was due to lack of capacity, the government is fixing it, or waiving serves U.S. national security, with a report to Congress explaining why.

(a) In general The Secretary of the Treasury must instruct the United States Executive Director at each international financial institution that it is U.S. policy to oppose that institution giving financial assistance — other than assistance to support basic human needs — to a foreign government, if the President determines that, in the year before the assistance is considered, the government knowingly failed to adequately enforce sanctions required by an applicable United Nations Security Council resolution. (b) Waiver The President may waive subsection (a) for up to 180 days at a time for a foreign government if the President: (1) determines that (A) the government's failure was due entirely to a lack of capacity, (B) the government is taking effective steps to prevent it happening again, or (C) the waiver serves U.S. national security interests; and (2) submits to Congress a report explaining the reasons for that determination.

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

(a) In general

The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 262r(c) of this title) that it is the policy of the United States to oppose the provision by that institution of financial assistance to a foreign government, other than assistance to support basic human needs, if the President determines that, in the year preceding consideration of approval of such assistance, the government has knowingly failed to adequately enforce sanctions under an applicable United Nations Security Council resolution (as defined in section 9202 of this title).

(b) Waiver

The President may waive subsection (a) for up to 180 days at a time with respect to a foreign government if the President—

(1)

determines that—

(A)

the failure of the foreign government described in subsection (a) is due exclusively to a lack of capacity on the part of the foreign government;

(B)

the foreign government is taking effective steps to prevent recurrence of such failure; or

(C)

the waiver is in the national security interests of the United States; and

(2)

submits to Congress a report on the reasons for the determination under paragraph (1).

Source credit: (July 31, 1945, ch. 339, § 73, as added Pub. L. 116–92, div. F, title LXXI, § 7124(a), Dec. 20, 2019, 133 Stat. 2248.)

history & why it existsrecord from the source credit

1945Enacted · Pub. L. 116-92 · 133 Stat. 2248

A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-92 on 1945-07-31.

all 0 arguments · sorted by: best

no arguments yet — make the first case