§ 286c. Congressional authorization needed for certain actions
737 words·~3 min read·
/usc/title-22/section-286cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the United States
(a)request or consent to any change in the quota of the United States under article III, section 2(a), of the Articles of Agreement of the Fund;
(b)propose a par value for the United States dollar under paragraph 2, paragraph 4, or paragraph 10 of schedule C of the Articles of Agreement of the Fund;
(c)propose any change in the par value of the United States dollar under paragraph 6 of schedule C of the Articles of Agreement of the Fund, or approve any general change in par values under paragraph 11 of schedule C;
(d)subscribe to additional shares of stock under article II, section 3, of the Articles of Agreement of the Bank;
(e)accept any amendment under article XXVIII of the Articles of Agreement of the Fund or Article VIII of the Articles of Agreement of the Bank;
(f)make any loan to the Fund or the Bank; or
(g)approve any disposition of Fund gold, unless the Secretary certifies to the Congress that such disposition is necessary for the Fund to restitute gold to its members, or for the Fund to provide liquidity that will enable the Fund to meet member country claims on the Fund or to meet threats to the systemic stability of the international financial system. Unless Congress by law authorizes such action, no governor or alternate appointed to represent the United States shall vote for an increase of capital stock of the Bank under article II, section 2, of the Articles of Agreement of the Bank, if such increase involves an increased subscription on the part of the United States. Neither the President nor any person or agency shall, on behalf of the United States, consent to any borrowing (other than borrowing from a foreign government or other official public source) by the Fund of funds denominated in United States dollars, unless the Secretary of the Treasury transmits a notice of such proposed borrowing to both Houses of the Congress at least 60 days prior to the date on which such borrowing is scheduled to occur.
(July 31, 1945, ch. 339, § 5, 59 Stat. 514; Pub. L. 89–126, § 1(2), Aug. 14, 1965, 79 Stat. 519; Pub. L. 94–564, § 3, Oct. 19, 1976, 90 Stat. 2660; Pub. L. 95–147, § 4(a)(1), Oct. 28, 1977, 91 Stat. 1228; Pub. L. 98–181, title I [title VIII, § 811], Nov. 30, 1983, 97 Stat. 1274; Pub. L. 106–113, div. B, § 1000(a)(5) [title V, § 504(d)(1)], Nov. 29, 1999, 113 Stat. 1536, 1501A–317.)
Connections11 cite this · traces to 1
Cited by 11 sections
U.S. Code
statutes-at-large
- Public Law 106–113Making consolidated appropriations for the fiscal year ending September 30, 2000,and for other purposes
- Public Law 98–181Making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes
- Public Law 89–126
- Public Law 94–564To provide for amendment of the Bretton Woods Agreements Act, and for other purposes
- Public Law 95–147To authorize the Secretary of the Treasury to invest public moneys, and for other purposes
statute-compilations
Traces to 1 document
U.S. Code
18 references not yet in our index
- July 31, 1945, ch. 339, § 5
- 59 Stat. 514
- Pub. L. 89–126, § 1(2)
- 79 Stat. 519
- Pub. L. 94–564, § 3
- 90 Stat. 2660
- Pub. L. 95–147, § 4(a)(1)
- 91 Stat. 1228
- Pub. L. 98–181, title I
- 97 Stat. 1274
- Pub. L. 106–113, div. B, § 1000(a)(5) [title V, § 504(d)(1)]
- 113 Stat. 1536
- Pub. L. 106–113
- Pub. L. 98–181
- Pub. L. 95–147
- Pub. L. 94–564
- Pub. L. 89–126
- section 9 of Pub. L. 94–564
Citation graph
cites case law
§ 286c
Congressional authorization needed for certain actions
Stat.×5
Bills×2
Stat. Comp.×2
U.S.C.×2
ActJuly 31, 1945, ch. 339, § 5
Stat.59 Stat. 514
Pub. L.Pub. L. 89–126, § 1(2)
Stat.79 Stat. 519
Pub. L.Pub. L. 94–564, § 3
Cites 19 · showing 6Cited by 11 across 4 sources