22 U.S.C. § 286k: Further promotion of…

Summary

The United States must work with other countries and international groups to find ways to lower trade barriers, stop unfair trade practices, and help world trade grow in a balanced and stable way. When making choices about foreign loans and exchange dealings, the Council and the U.S. representatives to the Fund and the Bank must consider how much progress has been made toward those goals. The President must give any Congressional committee that oversees monetary policy or the International Monetary Fund the IMF-related information the U.S. government gets, if the committee asks. The President must protect sensitive information and follow U.S. obligations to the IMF when sharing it.

Title 22, §286k

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Congressional declaration of policy

In the realization that additional measures of international economic cooperation are necessary to facilitate the expansion and balanced growth of international trade and render most effective the operations of the Fund and the Bank, it is declared to be the policy of the United States to seek to bring about further agreement and cooperation among nations and international bodies, as soon as possible, on ways and means which will best reduce obstacles to and restrictions upon international trade, eliminate unfair trade practices, promote mutually advantageous commercial relations, and otherwise facilitate the expansion and balanced growth of international trade and promote the stability of international economic relations. In considering the policies of the United States in foreign lending and the policies of the Fund and the Bank, particularly in conducting exchange transactions, the Council and the United States representatives on the Fund and the Bank shall give careful consideration to the progress which has been made in achieving such agreement and cooperation.

(b)Transmittal of information to Congressional committees

The President shall, upon the request of any committee of the Congress with legislative or oversight jurisdiction over monetary policy or the International Monetary Fund, provide to such committee any appropriate information relevant to that committee’s jurisdiction which is furnished to any department or agency of the United States by the International Monetary Fund. The President shall comply with this provision consistent with United States membership obligations in the International Monetary Fund and subject to such limitations as are appropriate to the sensitive nature of the information.

Editorial Notes

Amendments

1977—Pub. L. 95–147 designated existing provisions as subsec. (a) and added subsec. (b).

§286k Further Promotion of International Economic Relations

Summary

Title 22, §286k

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata