§262s — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

The Treasury Secretary must tell each U.S. Executive Director at multilateral development banks to make promoting U.S. exports a high priority. Those directors must look into complaints from U.S. bidders about contract awards to make sure the banks follow their rules and treat U.S. firms fairly. The Treasury must also appoint, in its Office of International Affairs, an officer for multilateral development bank procurement. That officer will connect the Treasury, the Commerce Department, and the U.S. Executive Directors’ offices and will work with Commerce to improve U.S. companies’ chances to win bank contracts. Multilateral development bank includes IBRD, IDA, IFC, Inter‑American Development Bank, Inter‑American Investment Corporation, Asian Development Bank, African Development Bank, and African Development Fund.

Title 22, §262s

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The Secretary of the Treasury shall instruct the United States Executive Director of each multilateral development bank to attach a high priority to promoting opportunities for exports for goods and services from the United States and, in carrying out this function, to investigate thoroughly any complaints from United States bidders about the awarding of procurement contracts by the multilateral development banks to ensure that all contract procedures and rules of the banks are observed and that United States firms are treated fairly.

(b)(1)The Secretary of the Treasury shall designate, within the Office of International Affairs in the Department of the Treasury, an officer of multilateral development bank procurement.

(2)The officer shall act as the liaison between the Department of the Treasury, the Department of Commerce, and the United States Executive Directors’ offices in the multilateral development banks, in carrying out this section. The officer shall cooperate with the Department of Commerce in efforts to improve opportunities for multilateral development bank procurement by United States companies.

(b)As used in this section, the term “multilateral development bank” includes the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the InterAmerican Investment Corporation, the Asian Development Bank, the African Development Bank, and the African Development Fund.

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 262q of this title prior to renumbering by Pub. L. 101–240.

Statutory Notes and Related Subsidiaries

Short Title

Pub. L. 100–418, title III, § 3201, Aug. 23, 1988, 102 Stat. 1382, provided that: “This subtitle [subtitle C (§§ 3201, 3202) of title III of Pub. L. 100–418, enacting former section 262q of this title] may be cited as the ‘Multilateral Development Banks Procurement Act of 1988’.” Definitions The definitions in section 262r of this title apply to this section.

§262s Multilateral Development Bank Procurement