Title 22 — Foreign Relations and IntercourseRelease 119-73

§286k–2 Suspension of right of International Bank to issue securities under section 286k–1; report of Securities and Exchange Commission

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XV— - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286k–2

Last updated Apr 6, 2026|Official source

Summary

After consulting the National Advisory Council on International Monetary and Financial Problems, the Securities and Exchange Commission may suspend the international bank’s authority to issue or guarantee any or all securities. The Commission must report yearly to Congress on the suspension’s effects and include any views sent by a registered dealers’ association.

Full Legal Text

Title 22, §286k–2

Foreign Relations and Intercourse — Source: USLM XML via OLRC

The Securities and Exchange Commission acting in consultation with the National Advisory Council on International Monetary and Financial Problems is authorized to suspend the provisions of section 286k–1 (a) of this title at any time as to any or all securities issued or guaranteed by the bank during the period of such suspension. The Commission shall include in its annual reports to Congress such information as it shall deem advisable with regard to the operations and effect of this section, and section 286k–1 of this title and section 24 of title 12 and in connection therewith shall include any views submitted for such purpose by any association of dealers registered with the Commission.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was not enacted as part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreements Act, which comprises this subchapter.

Executive Documents

Delegation of Functions Functions of National Advisory Council on International Monetary and Financial Problems delegated to National Advisory Council on International Monetary and Financial Policies, see section 2(a) of Ex. Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under section 286b of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 286k–2

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73