Title 22, Foreign Relations and IntercourseRelease 119-102
§286k–2 Suspension of Right of International Bank to Issue Securities Under Section 286k–1; Report of Securities and Exchange Commission
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XV — INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286k–2
Summary
The SEC, after consulting the National Advisory Council, can suspend the bank's power to issue or guarantee any securities. Each year the SEC must report to Congress on this and include views submitted by registered dealer associations.
Full Legal Text
Title 22, §286k–2
Foreign Relations and Intercourse, Source: USLM XML via OLRC
The Securities and Exchange Commission acting in consultation with the National Advisory Council on International Monetary and Financial Problems is authorized to suspend the provisions of section 286k–1 (a) of this title at any time as to any or all securities issued or guaranteed by the bank during the period of such suspension. The Commission shall include in its annual reports to Congress such information as it shall deem advisable with regard to the operations and effect of this section, and section 286k–1 of this title and section 24 of title 12 and in connection therewith shall include any views submitted for such purpose by any association of dealers registered with the Commission.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was not enacted as part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreements Act, which comprises this subchapter.
Executive Documents
Delegation of Functions Functions of National Advisory Council on International Monetary and Financial Problems delegated to National Advisory Council on International Monetary and Financial Policies, see section 2(a) of Ex. Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under section 286b of this title.
Reference
Citations & Metadata
Citation
22 U.S.C. § 286k–2
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102