Page:United States Statutes at Large Volume 90 Part 2.djvu/1192

 90 STAT. 2660

PUBLIC LAW 94-564—OCT. 19, 1976

Public Law 94-564 94th Congress An Act Oct. 19, 1976 [H.R. 13955]

To provide for amendment of the Bretton Woods Agreements Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the Bretton Woods United States of America in Congress assembled, That the Bretton Agreements Act, Woods Agreements Act (22 U.S.C. 286-286k-2) is amended by adding amendments. at the end thereof the following new sections: 22 USC 286e-5. " SEC. 24. The United States Governor of the F u n d is authorized to 60 Stat. 1401. accept the amendments to the Articles of Agreement of the F u n d approved in resolution numbered 31-4 of the Board of Governors of the F u n d. 22 USC 286e-le. " SEC. 25. The United States Governor of the F u n d is authorized to consent to an increase in the quota of the United States in the F u n d equivalent to 1,705 million Special D r a w i n g Rights. 22 USC 286e-6. " SEC. 26. The United States Governor of the F u n d is directed to vote against the establishment of a Council authorized under Article X II, Section 1 of the F u n d Articles of Agreement as amended, if under any circumstances the United States' vote in the Council would be less than its weighted vote in the F u n d. ". SEC. 2. Section 3 of the Bretton Woods Agreements Act (22 U.S.C. 286a) shall be amended as follows,: (1) section 3(c) shall be amended to read as follows: " (c) Should the provisions of Schedule D of the Articles of Agreement of the F u n d apply, the Governor of the F u n d shall also serve as councillor, shall designate an alternate for the councillor, and may designate associates."; (2) a new section 3(d) shall be added to read as follows: " (d) No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor, executive director, councillor, alternate, or associate.". SEC. 3. The first sentence of section 5 of the Bretton Woods Agreements Act (22 U.S.C. 286c) is amended to read as follows: "Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the United States (a) request or consent to any change in the quota of the United States under article III, section 2(a), of the Articles of Agreement of the F u n d; (b) propose a p a r value for the United States dollar under paragraph 2, paragraph 4, or paragraph 10 of schedule C of the Articles of Agreement of the F u n d; (c) propose any change in the p a r value of the United States dollar under paragraph 6 of schedule C of the Articles of Agreement of the F u n d, or approve any general change in p a r values under paragraph 11 of schedule C; (d) subscribe to additional shares of stock under article II, section 3, of the Articles of Agreement of the B a n k; (e) accept any amendment under article X X VII l of the Articles of Agreement of the F u n d or article VIII of the Articles of Agreement of the B a n k; (f) make any loan to the F u n d or the B a n k; (g) approve the establishment of any additional t r u s t fund, for the special benefit of a single member, or of a particular segment of the membership, of the Fund.".

�