22 U.S.C. § 262p–4p: Encouragement of fair…

Summary

The Secretary of the Treasury must tell the United States Executive Directors at international financial institutions to use America’s votes and influence to push those institutions to do three things: get borrowing countries to guarantee internationally recognized worker rights and make workers’ rights part of policy talks; base those policies on International Labor Organization conventions covering core rights (like organizing, banning forced labor, and basic rules on child labor, pay, hours, and safety); and set up formal checks to screen projects for harms to those rights. The Secretary must send a report to the Committee on Banking, Finance and Urban Affairs of the House and the Committee on Foreign Relations of the Senate by the end of each fiscal year about how much each borrowing country guarantees those worker rights and what progress has been made. The terms "international financial institutions" and "internationally recognized worker rights" are defined elsewhere in the law.

Title 22, §262p–4p

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)The Secretary of the Treasury shall direct the United States Executive Directors of the international financial institutions (as defined in section 262r(c)(2) of this title) to use the voice and vote of the United States to urge the respective institution—

(1)to adopt policies to encourage borrowing countries to guarantee internationally recognized worker rights (within the meaning of section 2467(4) of title 19) and to include the status of such rights as an integral part of the institution’s policy dialogue with each borrowing country;

(2)in developing the policies referred to in paragraph (1), to use the relevant conventions of the International Labor Organization, which have set forth, among other things, the right of association, the right to organize and bargain collectively, a prohibition on the use of any form of forced or compulsory labor, and certain minimum labor standards that take into account differences in development levels among nations including a minimum age for the employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational safety and health; and

(3)to establish formal procedures to screen projects and programs funded by the institution for any negative impact in a borrowing country on the rights referred to in paragraph (1).

(b)The Secretary of the Treasury shall submit to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate by the end of each fiscal year a report on the extent to which each borrowing country guarantees internationally recognized worker rights to its labor force and on progress toward achieving each of the goals described in subsection (a).

Notes & Related Subsidiaries

Editorial Notes

Codification Another section 1621 of Pub. L. 95–118 is classified to section 262p–4q of this title.

Amendments

1996—Subsec. (a)(1). Pub. L. 104–188 substituted “2467(4)” for “2462(a)(4)”.

Statutory Notes and Related Subsidiaries

Change of Name

Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by section 1(a) of Pub. L. 104–14, set out as a note preceding section 21 of Title 2, The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.

Effective Date

of 1996 AmendmentAmendment by Pub. L. 104–188 applicable to articles entered on or after Oct. 1, 1996, with provisions relating to retroactive application, see section 1953 of Pub. L. 104–188, set out as an

Effective Date

note under section 2461 of Title 19, Customs Duties. Definitions The definitions in section 262p–5 of this title apply to this section.

§262p–4p Encouragement of Fair Labor Practices

Summary

Title 22, §262p–4p

Notes & Related Subsidiaries

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Change of Name

Effective Date

Effective Date

Citations & Metadata