Page:United States Statutes at Large Volume 112 Part 4.djvu/253

 PUBLIC LAW 105-277—OCT. 21, 1998 112 STAT. 2681-224 strong global economic growth and stability in world financial markets. DEFINITION SEC. 607. For purposes of sections 601 through 606 of this 22 USC 262r title, the term "appropriate committees" means the Committees note, on Appropriations, Foreign Relations, and Banking, Housing, and Urban Affairs of the Senate and the Committees on Appropriations and Banking and Financial Services of the House of Representatives. PARTICIPATION IN QUOTA INCREASE SEC. 608. The Bretton Woods Agreements Act (22 U.S.C. 286- 286mm) is amended by adding at the end the following: "SEC. 61. QUOTA INCREASE. 22 USC 286e- "(a) IN GENERAL.—The United States Governor of the Fund TM" may consent to an increase in the quota of the United States in the Fund equivalent to 10,622,500,000 Special Drawing Rights. "(b) SUBJECT TO APPROPRIATIONS. — The authority provided by subsection (a) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.". NEW ARRANGEMENTS TO BORROW SEC. 609. Section 17 of the Bretton Woods Agreements Act (22 U.S.C. 286e-2 et seq.) is amended— 22 USC 286e-2. (1) in subsection (a)— (A) by striking "and February 24, 1983" and inserting "February 24, 1983, and January 27, 1997"; and (B) by striking "4,250,000,000" and inserting " 6,712,000,000 "; (2) in subsection (b), by striking "4,250,000,000" and inserting "6,712,000,000 "; and (3) in subsection (d)— (A) by inserting "or the Decision of January 27, 1997," after "February 24, 1983,"; and (B) by inserting "or the New Arrangements to Borrow, as applicable" before the period at the end. ADVOCACY OF POLICIES TO ENHANCE THE GENERAL EFFECTIVENESS OF THE INTERNATIONAL MONETARY FUND SEC. 610. (a) IN GENERAL.— Title XV of the International Financial Institutions Act (22 U.S.C. 262o-262o-l) is amended by adding at the end the following: "SEC. 1503. ADVOCACY OF POLICIES TO ENHANCE THE GENERAL 22 USC 262o-2. EFFECTIVENESS OF THE INTERNATIONAL MONETARY FUND. "(a) IN GENERAL.—The Secretary of the Treasury shall instruct the United States Executive Director of the International Monetary Fund to use aggressively the voice and vote of the Executive Director to do the following: "(1) Vigorously promote policies to increase the effectiveness of the International Monetary Fund in structuring programs and assistance so as to promote policies and actions

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