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Title 22, Foreign Relations and IntercourseRelease 119-73not60

§286e–7 Supplementary Financing Facility

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XV— INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286e–7

Last updated Apr 5, 2026|Official source

Summary

Allows the United States to take part in the IMF’s Supplementary Financing Facility under Executive Directors’ decisions 5508–(77/127) and 5509–(77/127). The Treasury Secretary may provide resources up to the equivalent of 1,450 million Special Drawing Rights. Any change in the value of U.S. monetary assets from this participation must be recorded through the fund set up by section 5302 of title 31. The Treasury Secretary can only make resource agreements if Congress has approved the money in advance. Starting October 1, 1978, Congress may appropriate whatever sums are needed without fiscal year limits, but not more than the dollar equivalent of 1,450 million Special Drawing Rights.

Full Legal Text

Title 22, §286e–7

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)For the purpose of participation of the United States in the Supplementary Financing Facility (hereinafter referred to as the “facility”) established by the decision numbered 5508–(77/127) of the Executive Directors of the Fund, the Secretary of the Treasury is authorized to make resources available as provided in the decision numbered 5509–(77/127) of the Fund, in an amount not to exceed the equivalent of 1,450 million Special Drawing Rights.
(b)The Secretary of the Treasury shall account, through the fund established by section 5302 of title 31, for any adjustment in the value of monetary assets held by the United States in respect of United States participation in the facility.
(c)Notwithstanding any other provision of this section, the authority of the Secretary to enter into agreements making resources available under this section shall be limited to such amounts as are appropriated in advance in appropriation Acts. Effective October 1, 1978, there are hereby authorized to be appropriated to the Secretary of the Treasury, without fiscal year limitation, such sums as are necessary to carry out subsection (a) of this section, but not to exceed an amount of dollars equivalent to 1,450 million Special Drawing Rights.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification In subsec. (b), “section 5302 of title 31” substituted for “section 10 of the Gold Reserve Act of 1934, as amended (31 U.S.C. 822a)” on authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.

Reference

Citations & Metadata

Citation

22 U.S.C. § 286e–7

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60