Page:United States Statutes at Large Volume 84 Part 2.djvu/327

 84 STAT. ]

1657

PUBLIC LAW 91-599-DEC. 30, 1970

(2) FINANCIAL RESPONSIBILTY RULES.—The term "financial responsibility rules" means the rules and regulations pertaining to financial responsibility and related practices which are applicable to a broker or dealer, as prescribed by the Commission under subsection (c)(3) of section 15 of the 1934 Act or prescribed by a national securities exchange. (3) EXAMINING AUTHORITY.—The term "examining authority" means, with respect to any member of S I P C, the self-regulatory organization which inspects or examines such member of S I P C or the Commission if such member of S I P C is not a member of any self-regulatory organization. Approved December 30, 1970.

Ante, p. 1653.

Public Law 91-599 AN ACT To authorize United States participation in increases in the resources of certain international financial institutions, to provide for an annual audit of the Exchange Stabilization Fund by the General Accounting OflEice, and for other purposes.

Be it enacted iy the Senate and House of Representatives United States of America in Congress assembled,

December 30, 1970 [H. R. 18306]

of the

Chapter 1.—INTERNATIONAL MONETARY F U N D Sec. 1. Amendment of Bretton Woods Agreements Act. 2. Amendment of Special Drawing Rights Act.

§ 1. Amendment of Bretton Woods Agreements Act The Bretton Woods Agreements Act (22 U.S.C. 286-286k-2) is amended by adding at the end thereof the following new sections: "SEC. 22. (a) The United States Governor of the Fund is authorized to consent to an increase of $1,540,000,000 in the quota of the United States in the Fund. " (b) I n order to pay the increase in the United States quota in the Fund provided for in this section, there is hereby authorized to be appropriated $1,540,000,000, to remain available until expended. "SEC. 23. (a) The United States Governor of the Bank is authorized (1) to vote for an increase of $3,000,000,000 in the authorized capital stock of the Bank, and (2) if such increase becomes effective, to subscribe on behalf of the United States to two thousand four hundred and sixty-one additional shares of the capital stock of the Bank. " (b) I n order to pay for the increase in the United States subscription to the Bank provided for in this section, there is hereby authorized to be appropriated $246,100,000 to remain available until expended." § 2. Amendments of Special Drawing Rights Act Section 6 of the Special Drawing Rights Act (22 U.S.C. 286q) is amended to read as follows: "SEC. 6. Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the United States vote to allocate in each basic period Special Drawing Rights under article X X IV, sections 2 and 3, of the Articles of Agreement of the Fund so that allocations to the United States in that period exceed an amount equal to the United States quota in the Fund as authorized under the Bretton Woods Agreements Act."

International financial institutions. U.S. subscriptions and quotas, increase.

59 Stat. 512; 79 Stat. 519.

Appropriation.

Appropriation.

82 Stat. 189.

�