Sec. 1307. Annual report by Chairman of the National Advisory Council on International Monetary and Financial Policies

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Title XVII of the International Financial Institutions Act ( 22 U.S.C. 262r et seq. ) is amended by striking section 1701 and inserting the following: As used in this title, title XVIII, and title XIX: The term international financial institutions means the International Monetary Fund, the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, the African Development Bank, the African Development Fund, the Asian Development Bank, the Inter-American Development Bank, the Bank for Economic Cooperation and Development in the Middle East and North Africa, and the Inter-American Investment Corporation.

The term multilateral development institutions means the international financial institutions other than the International Monetary Fund. The term multilateral development banks means the multilateral development institutions other than the Multilateral Investment Guarantee Agency. The Secretary of the Treasury should establish an International Monetary Fund Advisory Committee (in this section referred to as the Advisory Committee ). The Advisory Committee should consist of members appointed by the Secretary of the Treasury, after appropriate consultations with the relevant organizations.

Such members should include representatives from industry, representatives from agriculture, representatives from organized labor, representatives from banking and financial services, and representatives from nongovernmental environmental and human rights organizations. . Section 538 of the Foreign Operations, Export Financing, and Related Appropriations Act, 1999 (as enacted into law pursuant to section 101(d) of the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 ( Public Law 105–277 ; 112 Stat. 2681–202; 22 U.S.C. 262r note)) is repealed.

The International Financial Institutions Act ( 22 U.S.C. 262c et seq. ) is amended— by striking section 1701(c)(2) each place it appears and inserting section 1701 ; and by striking section 1701(c)(3) each place it appears and inserting section 1701 . Section 104(d)(2) of the Afghanistan Freedom Support Act of 2002 ( 22 U.S.C. 7514(d)(2) ) is amended by striking section 1701(c)(2) of the International Financial Institutions Act (22 U.S.C. 262r(c)(2)) and inserting section 1701 of the International Financial Institutions Act .

Section 201(4)(B) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( 22 U.S.C. 8531(4)(B) ) is amended by striking section 1701(c)(3) of the International Financial Institutions Act ( and inserting 22 U.S.C. 262r(c)(3) ) section 1701 of the International Financial Institutions Act . Section 661(f)(2)(B)(ii) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2421(f)(2)(B)(ii) ) is amended by striking section 1701(c) and inserting section 1701 . Section 360(c) of the International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001 (22 U.S.C. 262p–4r(c)) is amended by striking section 1701(c)(2) of the International Financial Institutions Act ( and inserting 22 U.S.C. 262r(c)(2) ) section 1701 of the International Financial Institutions Act .

Section 603 of the Foreign Operations, Export Financing, and Related Appropriations Act, 1999 (as enacted into law pursuant to section 101(d) of the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 ( Public Law 105–277 ; 112 Stat. 2681–220; 22 U.S.C. 262r note)) is amended by striking section 1701(c)(2) each place it appears and inserting section 1701 . Section 7702(1) of the Intelligence Reform and Terrorism Prevention Act of 2004 (Public Law 108–458; 118 Stat. 3859; 31 U.S.C. 5311 note) is amended by striking section 1701(c)(2) and inserting section 1701 .

Section 8(c) of the Palestinian Anti-Terrorism Act of 2006 ( Public Law 109–446 ; 120 Stat. 3324; 22 U.S.C. 2378b note) is amended by striking section 1701(c)(2) of the International Financial Institutions Act ( and inserting 22 U.S.C. 262r(c)(2) ) section 1701 of the International Financial Institutions Act . Section 9(2) of the Senator Paul Simon Water for the Poor Act of 2005 ( Public Law 109–121 ; 119 Stat. 2539; 22 U.S.C. 2152h note) is amended by striking section 1701(c) and inserting section 1701 .

Section 2(9)(B) of the Sudan Accountability and Divestment Act of 2007 ( Public Law 110–174 ; 121 Stat. 2517; 50 U.S.C. 1701 note) is amended by striking section 1701(c)(3) of the International Financial Institutions Act ( and inserting 22 U.S.C. 262r(c)(3) ) section 1701 of the International Financial Institutions Act .

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