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.
For purposes of this section, the term “international financial institution” means an institution described in section
262r(c)(2) of this title.
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 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 Tuesday, August 13, 2013
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Statutes at Large
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