Title 22, Foreign Relations and IntercourseRelease 119-73not60
§262p–14 Support to Enhance the Capacity of Fund Members to Evaluate the Legal and Financial Terms of Sovereign Debt Contracts
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › § 262p–14
Summary
The Treasury Secretary must tell the U.S. representative at the IMF to use America’s voice and vote to push the IMF to set global standards and share best practices on government debt deals. The IMF should also give technical help, especially to lower middle-income countries and those that can get World Bank IDA aid, so they can better review the legal and financial terms of debt from international groups, other countries, and private lenders.
Full Legal Text
Title 22, §262p–14
Foreign Relations and Intercourse, Source: USLM XML via OLRC
The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice and vote of the United States to advocate that the Fund promote international standards and best practices with respect to sovereign debt contracts and provide technical assistance to Fund members, and in particular to lower middle-income countries and countries eligible to receive assistance from the International Development Association, seeking to enhance their capacity to evaluate the legal and financial terms of sovereign debt contracts with multilateral, bilateral, and private sector creditors.
Legislative History
Notes & Related Subsidiaries
Termination of SectionFor termination of section by section 6103(c) of Pub. L. 117–81, see Termination Date note below.
Statutory Notes and Related Subsidiaries
Termination Date Pub. L. 117–81, div. F, title LXI, § 6103(c), Dec. 27, 2021, 135 Stat. 2385, provided that: “The amendment made by subsection (a) [enacting this section] shall have no force or effect after the 5-year period that begins with the date of the enactment of this Act [Dec. 27, 2021].” Definitions The definitions in section 262p–5 of this title apply to this section.
Reference
Citations & Metadata
Citation
22 U.S.C. § 262p–14
Title 22, Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60