Sec. 1621.48. ENCOURAGEMENT OF FAIR LABOR PRACTICES

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## SEC. 1621.48 ENCOURAGEMENT OF FAIR LABOR PRACTICES **[**[22 U.S.C. 262p–4p](/us/usc/t22/s262p–4p)**]** ###

(a)The Secretary of the Treasury shall direct the United States Executive Directors of the international financial institutions (as defined in section 1701(c)(2)) to use the voice and vote of the United States to urge the respective institution— 48Added by sec. 526(e) of Public Law 103–306 (108 Stat. 1633). ####

(1)to adopt policies to encourage borrowing countries to guarantee internationally recognized worker rights (within the meaning of section 507(4)49 of the Trade Act of 1974) and to include the status of such rights as an integral part of the institution's policy dialogue with each borrowing country; 49Sec. 1954(b)(4) of Public Law 104–188 (110 Stat. 1928) struck out “502(a)(4)” and inserted in lieu thereof “507(4)”. ####

(2)in developing the policies referred to in paragraph (1), to use the relevant conventions of the International Labor Organization, which have set forth, among other things, the right of association, the right to organize and bargain collectively, a prohibition on the use of any form of forced or compulsory labor, and certain minimum labor standards that take into account differences in development levels among nations including a minimum age for the employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational safety and health; and ####

(3)to establish formal procedures to screen projects and programs funded by the institution for any negative impact in a borrowing country on the rights referred to in paragraph (1). ###

(b)The Secretary of the Treasury shall submit to the Committee on Banking, Finance and Urban Affairs50 of the House of Representatives and the Committee on Foreign Relations of the Senate by the end of each fiscal year a report on the extent to which each borrowing country guarantees internationally recognized worker rights to its labor force and on progress toward achieving each of the goals described in subsection (a). 50Sec. 1(a)(2) of Public Law 104–14 (109 Stat. 186) provided that references to the Committee on Banking, Finance and Urban Affairs of the House of Representatives shall be treated as referring to the Committee on Banking and Financial Services of the House of Representatives.

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22 USC 262p–4p
Pub. L. 103-306
108 Stat. 1633
Pub. L. 104-188
110 Stat. 1928
Pub. L. 104-14
109 Stat. 186

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Sec. 1621.48

ENCOURAGEMENT OF FAIR LABOR PRACTICES

Cite22 USC 262p–4p

Pub. L.Pub. L. 103-306

Stat.108 Stat. 1633

Pub. L.Pub. L. 104-188

Stat.110 Stat. 1928

Cites 7 · showing 5Cited by 0 across 0 sources