§ 286. — Acceptance of membership by United States in International Monetary Fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286. Acceptance of membership by United States in
International Monetary Fund
The President is hereby authorized to accept membership for the
United States in the International Monetary Fund (hereinafter referred
to as the ``Fund''), and in the International Bank for Reconstruction
and Development (hereinafter referred to as the ``Bank''), provided for
by the Articles of Agreement of the Fund and the Articles of Agreement
of the Bank as set forth in the Final Act of the United Nations Monetary
and Financial Conference dated July 22, 1944, and deposited in the
archives of the Department of State.
(July 31, 1945, ch. 339, Sec. 2, 59 Stat. 512.)
Short Title of 1968 Amendment
Pub. L. 90-349, June 19, 1968, 82 Stat. 188 [enacting sections 286n
to 286r of this title and amending sections 412, 415, 417, and 467 of
Title 12, Banks and Banking], is known as the ``Special Drawing Rights
Act''. For complete classification of this Act to the Code, see Short
Title note set out under section 286n of this title and Tables.
Short Title
Section 1 of act July 31, 1945, provided: ``This act [enacting this
subchapter and amending section 822a of former Title 31, Money and
Finance] may be cited as the `Bretton Woods Agreements Act'.''
Par Value Modification
For Congressional direction that the Secretary of the Treasury
maintain the value in terms of gold of the holdings in United States
dollars of the International Monetary Fund and of the International Bank
for Reconstruction and Development following the establishment of a par
value of the dollar at $38 for a fine troy ounce of gold pursuant to the
Par Value Modification Act and for the authorization of the
appropriation necessary to provide such maintenance of value, see
section 5152 of Title 31, Money and Finance.
