Page:United States Statutes at Large Volume 124.djvu/2238

 124 STAT. 2212 PUBLIC LAW 111–203—JULY 21, 2010 (e) LIMITATION ON DISTRIBUTION OF ASSISTANCE.— (1) IN GENERAL.—None of the amounts made available under this section shall be distributed to— (A) any organization which has been convicted for a violation under Federal law relating to an election for Federal office; or (B) any organization which employs applicable individ- uals. (2) DEFINITION OF APPLICABLE INDIVIDUALS.—In this sub- section, the term ‘‘applicable individual’’ means an individual who— (A) is— (i) employed by the organization in a permanent or temporary capacity; (ii) contracted or retained by the organization; or (iii) acting on behalf of, or with the express or apparent authority of, the organization; and (B) has been convicted for a violation under Federal law relating to an election for Federal office. (f) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to the Secretary $35,000,000 for each of fiscal years 2011 through 2012 for grants under this section. TITLE XV—MISCELLANEOUS PROVISIONS SEC. 1501. RESTRICTIONS ON USE OF UNITED STATES FUNDS FOR FOREIGN GOVERNMENTS; PROTECTION OF AMERICAN TAXPAYERS. The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end the following: ‘‘SEC. 68. RESTRICTIONS ON USE OF UNITED STATES FUNDS FOR FOR - EIGN GOVERNMENTS; PROTECTION OF AMERICAN TAX- PAYERS. ‘‘(a) IN GENERAL.—The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund— ‘‘(1) to evaluate, prior to consideration by the Board of Executive Directors of the Fund, any proposal submitted to the Board for the Fund to make a loan to a country if— ‘‘(A) the amount of the public debt of the country exceeds the gross domestic product of the country as of the most recent year for which such information is avail- able; and ‘‘(B) the country is not eligible for assistance from the International Development Association. ‘‘(2) OPPOSITION TO LOANS UNLIKELY TO BE REPAID IN FULL.—If any such evaluation indicates that the proposed loan is not likely to be repaid in full, the Secretary of the Treasury shall instruct the United States Executive Director at the Fund to use the voice and vote of the United States to oppose the proposal. ‘‘(b) REPORTS TO CONGRESS.—Within 30 days after the Board of Executive Directors of the Fund approves a proposal described in subsection (a), and annually thereafter by June 30, for the 22 USC 286tt. Election violations.