(a)The Secretary of the Treasury shall direct the United States Executive Directors of the international financial institutions (as defined in section
262r(c)(2) of this title) to use the voice and vote of the United States to urge the respective institution—
(1)to adopt policies to encourage borrowing countries to guarantee internationally recognized worker rights (within the meaning of section
2467(4) of title
19) and to include the status of such rights as an integral part of the institution’s policy dialogue with each borrowing country;
(2)in developing the policies referred to in paragraph (1), to use the relevant conventions of the International Labor Organization, which have set forth, among other things, the right of association, the right to organize and bargain collectively, a prohibition on the use of any form of forced or compulsory labor, and certain minimum labor standards that take into account differences in development levels among nations including a minimum age for the employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational safety and health; and
(3)to establish formal procedures to screen projects and programs funded by the institution for any negative impact in a borrowing country on the rights referred to in paragraph (1).
(b)The Secretary of the Treasury shall submit to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate by the end of each fiscal year a report on the extent to which each borrowing country guarantees internationally recognized worker rights to its labor force and on progress toward achieving each of the goals described in subsection (a) of this section.
1996—Subsec. (a)(1). Pub. L. 104–188substituted “2467(4)” for “2462(a)(4)”.
Change of Name
Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by section 1(a) ofPub. L. 104–14, set out as a note preceding section
21 of Title
2, The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.
Effective Date of 1996 Amendment
Amendment by Pub. L. 104–188applicable to articles entered on or after Oct. 1, 1996, with provisions relating to retroactive application, see section 1953 ofPub. L. 104–188, set out as an Effective Date note under section
2461 of Title
19, Customs Duties.
The definitions in section
262p–5 of this title apply to this section.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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