22 U.S.C. § 290g–8 — Presidential instructions to United States Governor of the Fund to veto any use of funds to benefit a country pursuing a detrimental economic policy against United States interests; exceptions

The President must instruct the U.S. Governor of the Fund to have the Executive Director representing the United States vote against any loan or other use of the Fund's money that would benefit a country that has: (1) nationalized, expropriated, or seized ownership or control of property owned by a U.S. citizen, or by a company, partnership, or association at least 50 percent beneficially owned by U.S. citizens; (2) taken steps to break or cancel existing contracts or agreements with such a U.S. citizen or company; or (3) imposed or enforced discriminatory taxes, other charges, or restrictive conditions that have the effect of nationalizing, expropriating, or otherwise seizing such property — unless the President determines that (A) an arrangement has been made for prompt, adequate, and effective compensation, (B) the parties have submitted the dispute to arbitration under the rules of the Convention for the Settlement of Investment Disputes, or (C) good-faith negotiations toward prompt, adequate, and effective compensation are underway, under applicable international-law principles.