22 USC § 262p–4r - Use of authority of United States Executive Directors | Title 22 - Foreign Relations and Intercourse | U.S. Code

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Current through Pub. L. 113-9. (See Public Laws for the current Congress.)

(a) Action by the President

If the President determines that a particular foreign country has taken or has committed to take actions that contribute to efforts of the United States to respond to, deter, or prevent acts of international terrorism, the Secretary may, consistent with other applicable provisions of law, instruct the United States Executive Director of each international financial institution to use the voice and vote of the Executive Director to support any loan or other utilization of the funds of the respective institutions for such country, or any public or private entity within such country.

(b) Use of voice and vote

The Secretary may instruct the United States Executive Director of each international financial institution to aggressively use the voice and vote of the Executive Director to require an auditing of disbursements at such institution to ensure that no funds are paid to persons who commit, threaten to commit, or support terrorism.

(c) Definition

For purposes of this section, the term “international financial institution” means an institution described in section 262r (c)(2) of this title.

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(a) Action by the President

If the President determines that a particular foreign country has taken or has committed to take actions that contribute to efforts of the United States to respond to, deter, or prevent acts of international terrorism, the Secretary may, consistent with other applicable provisions of law, instruct the United States Executive Director of each international financial institution to use the voice and vote of the Executive Director to support any loan or other utilization of the funds of the respective institutions for such country, or any public or private entity within such country.

(b) Use of voice and vote

The Secretary may instruct the United States Executive Director of each international financial institution to aggressively use the voice and vote of the Executive Director to require an auditing of disbursements at such institution to ensure that no funds are paid to persons who commit, threaten to commit, or support terrorism.

(c) Definition

For purposes of this section, the term “international financial institution” means an institution described in section 262r (c)(2) of this title.

Source

(Pub. L. 107–56, title III, § 360,Oct. 26, 2001, 115 Stat. 329; Pub. L. 108–458, title VI, § 6202(l),Dec. 17, 2004, 118 Stat. 3746.)

Amendments

2004—Subsec. (a). Pub. L. 108–458, § 6202(l)(1), inserted “the” after “utilization of the funds of”.

Subsec. (b). Pub. L. 108–458, § 6202(l)(2), substituted “at such institution” for “at such institutions”.

Effective Date of 2004 Amendment

Amendment by Pub. L. 108–458effective as if included in Pub. L. 107–56, as of the date of enactment of such Act, and no amendment made by Pub. L. 107–56that is inconsistent with such amendment to be deemed to have taken effect, see section 6205 ofPub. L. 108–458, set out as a note under section 1828 of Title 12, Banks and Banking.

“Secretary” Defined

Secretary means the Secretary of the Treasury, see section 302(b)(5) ofPub. L. 107–56, set out in a note under section 5311 of Title 31, Money and Finance.

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 Wednesday, May 29, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

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"omitted" means the section is omitted.
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"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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22 USC	Description of Change	Session Year	Public Law	Statutes at Large

22 USC § 262p–4r - Use of authority of United States Executive Directors

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