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Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§286m Amount of Loan; Public-debt Transaction; Disposition of Interest Payments

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

Last updated Apr 5, 2026|Official source

Summary

Lets the Treasury Secretary use up to $3,750,000,000 from securities issued after July 15, 1946, under chapter 31 of title 31 to carry out the December 6, 1945 agreement with the United Kingdom, and adds that purpose to the list of allowed uses. Payments and repayments under this law and the agreement are treated as public-debt transactions, and interest paid to the United States must be deposited into the Treasury as miscellaneous receipts.

Full Legal Text

Title 22, §286m

Foreign Relations and Intercourse — Source: USLM XML via OLRC

For the purpose of carrying out the agreement dated December 6, 1945, between the United States and the United Kingdom, the Secretary of the Treasury is authorized to use as a public-debt transaction not to exceed $3,750,000,000 of the proceeds of any securities issued after July 15, 1946, under chapter 31 of title 31, and the purposes for which securities may be issued under that chapter are extended to include such purpose. Payments to the United Kingdom under this section and section 286l of this title and pursuant to the agreement and repayments thereof shall be treated as public-debt transactions of the United States. Payments of interest to the United States under the agreement shall be covered into the Treasury as miscellaneous receipts.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

Agreement dated
December 6, 1945, between the United States and the United Kingdom, referred to in text, is set out as a note under section 286l of this title. Codification “Chapter 31 of title 31” and “that chapter” substituted in text for “the Second Liberty Bond Act, as amended” and “that Act”, respectively, 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. Section was not enacted as a part of act
July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreement Act, which comprises this subchapter.

Reference

Citations & Metadata

Citation

22 U.S.C. § 286m

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60