Page:United States Statutes at Large Volume 88 Part 1.djvu/489

 88 STAT. ]

PUBLIC LAW 93-374-AUG. 14, 1974

445

Public Law 93-373 AN ACT To provide for increased participation by the United States in the International Development Association and to permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad.

August 14, HI74 [s.2665]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Inter- international. national Development Association Act (22 U.S.C. 284 et seq.) is Asloilauon! amended by adding at the end thereof the following new section: u.s. participa"SEC. 14. (a) The United States Governor is hereby authorized to tion increase. 1

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agree on behalf of the United States to pay to the Association tour u.s. citizen annual installments of $375,000,000 each as the United States con- ^^l2tTc^284i tribution to the Fourth Keplenishment of the Resources of the Association. "(b) I n order to pay for the United States contribution, there is Appropriation. hereby authorized to be appropriated without fiscal year limitation four annual installments of $375,000,000 each for payment by the Secretary of the Treasury.". SEC. 2. Subsections 3(b) and (c) of Public Law 93-110 (87 Stat. Repeals. 352) are repealed and in lieu thereof add the following: ^^ ^^^ ^^'^ " (b) No provision of any law in effect on the date of enactment of "° ^^' this Act, and no rule, regulation, or order in effect on the date subsections (a) and (b) become effective may be construed to prohibit any person from purchasing, holding, selling, or otherwise dealing with gold in the United States or abroad. "(c) The provisions of subsections (a) and (b) of this section shall Effective date. take effect either on December 31, 1974, or at any time prior to such date that the President finds and reports to Congress that international report to Con^^residential gress. monetary reform shall have proceeded to the will not adversely affect of regulations on private ownership of gold point where elimination the United S t a g s ' international monetary position.". SEC. 3. The International Development Association Act (22 U.S.C. Development of 284 et seq.) is amended by inserting at the end thereof the following: devicesTi^'^any " ^ ^ "SEC. 15. The United States Governor is authorized and directed to restrictions. vote against any Ipan or other utilization of the fiuids of the Associa- ^^ ^^^ ^^'*"'' tion for the benefit of any country which develops any nuclear explosive device, unless the country is or becomes a State Party to the Treaty on the Non-Proliferation of Nuclear Weapons (21 U S T 483).'• Approved August 14, 1974. Public Law 93-374 JOINT RESOLUTION To amend the Export-Import Bank Act of 1945.

August 14, 1974 [s. j. R e s. 229]

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That section 8 of the ExportImport Bank Act of 1945 is amended by striking out "July 30" and inserting in lieu thereof "September 30". Approved August 14, 1974.

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