(Pub. L. 95–118, title XV, § 1503, as added Pub. L. 105–277, div. A, § 101(d) [title VI, § 610(a)], Oct. 21, 1998, 112 Stat. 2681–150, 2681–224; amended Pub. L. 108–458, title VII, § 7703(a),Dec. 17, 2004, 118 Stat. 3860.)
2004—Subsec. (a)(15). Pub. L. 108–458
added par. (15).
Additional Provisions Relating to International Monetary Fund
Pub. L. 106–113
, div. B, § 1000(a)(5) [title V, § 504], Nov. 29, 1999, 113 Stat. 1536
, 1501A–317, as amended by Pub. L. 110–161
, div. H, title I, § 1502(a),Dec. 26, 2007, 121 Stat. 2250
, provided that:
“(a) Publication of IMF Operational Budgets.—The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice, vote, and influence of the United States to urge vigorously the International Monetary Fund to publish the operational budgets of the International Monetary Fund, on a quarterly basis, not later than one year after the end of the period covered by the budget.
“(b) Report to the Congress Showing Costs of United States Participation in the International Monetary Fund.—The Secretary of the Treasury shall prepare and transmit to the Committees on Banking and Financial Services [now Committee on Financial Services], on Appropriations, and on International Relations [now Committee on Foreign Affairs] of the House of Representatives and the Committees on Banking, Housing, and Urban Affairs, on Foreign Relations, and on Appropriations of the Senate a quarterly report, which shall be made readily available to the public, on the costs or benefits of United States participation in the International Monetary Fund and which shall detail the costs and benefits to the United States, as well as valuation gains or losses on the United States reserve position in the International Monetary Fund.
“(c) Continuation of Forgoing of Reimbursement of IMF for Expenses of Administering ESAF.—The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice, vote, and influence of the United States to urge vigorously the International Monetary Fund to continue to forgo reimbursements of the expenses incurred by the International Monetary Fund in administering the Enhanced Structural Adjustment Facility, until the Heavily Indebted Poor Countries Initiative (as defined in section 1623 of the International Financial Institutions Act [22
]) is terminated.
“(d) No Gold Sales by International Monetary Fund Without Prior Authorization by the Congress.—(1) [Amended section
of this title.]
“(2) Not less than 30 days prior to the entrance by the United States into international negotiations for the purpose of reaching agreement on the disposition of Fund gold whereby resources of the Fund would be used for the special benefit of a single member, or of a particular segment of the membership of the Fund, the Secretary of the Treasury shall consult with the Committees on Banking and Financial Services [now Committee on Financial Services], on Appropriations, and on International Relations [now Committee on Foreign Affairs] of the House of Representatives and the Committees on Foreign Relations, on Appropriations, and on Banking, Housing and Urban Affairs of the Senate.”
The definitions in section
of this title apply to this section.