§286k — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

The United States must work quickly with other countries and international groups to cut down trade barriers, stop unfair trading, encourage fair business ties, and help world trade grow in a balanced and stable way. When making U.S. foreign‑lending policy or acting at the International Monetary Fund or World Bank—especially on currency or exchange matters—economic policymakers and U.S. officials must pay careful attention to how much progress has been made toward those international agreements. If a congressional committee that oversees monetary policy or the International Monetary Fund asks, the President must give it IMF information the United States received that is relevant to the committee’s work. The President must follow U.S. obligations to the IMF and may limit access when the information is sensitive.

Title 22, §286k

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)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)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