Title 22 — Foreign Relations and IntercourseRelease 119-73

§5303 Statement of policy

Title 22 › Chapter CHAPTER 62— - INTERNATIONAL FINANCIAL POLICY › Subchapter SUBCHAPTER I— - EXCHANGE RATES AND INTERNATIONAL ECONOMIC POLICY COORDINATION › § 5303

Last updated Apr 6, 2026|Official source

Summary

Requires the United States and other major industrialized countries to keep coordinating monetary, fiscal, and structural policies started by the Plaza Agreement of September 1985. The U.S. should seek international policies and exchange rates that make trade and capital flows more balanced and that support price stability and economic growth. Working with those countries, the U.S. may join currency markets to smooth exchange-rate adjustments and help current accounts become sustainable. It also calls for greater presidential accountability for how policies and exchange rates affect trade competitiveness.

Full Legal Text

Title 22, §5303

Foreign Relations and Intercourse — Source: USLM XML via OLRC

It is the policy of the United States that—

(1)the United States and the other major industrialized countries should take steps to continue the process of coordinating monetary, fiscal, and structural policies initiated in the Plaza Agreement of September 1985;

(2)the goal of the United States in international economic negotiations should be to achieve macroeconomic policies and exchange rates consistent with more appropriate and sustainable balances in trade and capital flows and to foster price stability in conjunction with economic growth;

(3)the United States, in close coordination with the other major industrialized countries should, where appropriate, participate in international currency markets with the objective of producing more orderly adjustment of foreign exchange markets and, in combination with necessary macroeconomic policy changes, assisting adjustment toward a more appropriate and sustainable balance in current accounts; and

(4)the accountability of the President for the impact of economic policies and exchange rates on trade competitiveness should be increased.

Reference

Citations & Metadata

Citation

22 U.S.C. § 5303

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73