Title 22, Foreign Relations and IntercourseRelease 119-102
§286n Special Drawing Rights
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XV — INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286n
Summary
The President may accept the IMF amendment attached to the April 1968 Executive Directors' report, allowing IMF to create a Special Drawing Rights facility, change some rules, and let the U.S. join the special drawing account.
Full Legal Text
Title 22, §286n
Foreign Relations and Intercourse, Source: USLM XML via OLRC
The President is hereby authorized (a) to accept the amendment to the articles of agreement of the International Monetary Fund (hereinafter referred to as the “Fund”), attached to the April 1968 report by the Executive Directors to the Board of Governors of the Fund, for the purpose of (i) establishing a facility based on Special Drawing Rights in the Fund and (ii) giving effect to certain modifications in the present rules and practices of the Fund, and (b) to participate in the special drawing account established by the amendment.
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 Agreement Act, which comprises this subchapter.
Statutory Notes and Related Subsidiaries
Short Title
Pub. L. 90–349, § 1, June 19, 1968, 82 Stat. 188, provided: “That this Act [enacting this section and sections 286o to 286r of this title and amending section 412, 415, 417, and 467 of Title 12, Banks and Banking] may be cited as the ‘Special Drawing Rights Act’.”
Reference
Citations & Metadata
Citation
22 U.S.C. § 286n
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102