§262g–3 International Negotiations on Future Replenishments of International Financial Institutions; Consultation with Appropriate Members of Congress

Summary

The Secretary of the Treasury or someone he chooses must meet with the chair and the top minority member of the House Banking and Appropriations committees (and their subcommittees) and with the chair and the top minority member of the Senate Foreign Relations and Appropriations committees (and their subcommittees). They must talk about the executive branch’s position and Congress’s views on international talks about future funding or capital increases for multilateral development banks that might raise the U.S. contribution. These consultations must happen at least 30 days before negotiations start, occur regularly while talks are underway, and take place before any session where U.S. representatives could agree to an increase.