Page:United States Statutes at Large Volume 94 Part 2.djvu/276

 94 STAT. 1554 Report to Congress. 22 USC 286u.

PUBLIC LAW 96-389—OCT. 7, 1980

"SEC. 35. It is the sense of the Congress that the Secretary of the Treasury and the United States Executive Director of the Fund shall encourage member countries of the Fund to negotiate a dollar-Special Drawing Rights substitution account in wmch equitable burden sharing womd exist among participants in the account, and shall report to the Congress prior to May 15, 1981, with respect to progress toward achieving this goal.". DEBT RESCHEDULING COMPARABILITY

22 USC 286e-8.

SEC. 5. Soction 29 of the Bretton Woods Agreements Act is amended by striking out "on the use of the facility". TAIWAN

International Monetary Fund membership. 22 USC 286v.

SEC. 6. The Bretton Woods Agreements Act is further amended by adding at the end thereof the following new section: "SEC. 36. It is the sense of the Congress that it is the policy of the United States that Taiwan (before January 1, 1979, known as the Republic of China) shall be granted appropriate membership in the Fund and that the United States Executive Director of the Fund shall so notify the Fund.". PALESTINE LIBERATION ORGANIZATION

22 USC 286w.

Presidential report to Congress.

SEC. 7. The Bretton Woods Agreements Act is further amended by adding at the end thereof the following new section: "SEC. 37. It is the policy of the United States that the Palestine Liberation Organization should not be given membership in the Fund or be given observer status or any other official status at any meeting sponsored by or associated with the Fund. The United States Executive Director of the Fund shall promptly notify the Fund of such policy. "In the event that the Fund provides either membership, observer status, or any other official status to the Palestine Liberation Organization, such action would result in a serious diminution of United States support. Upon review of such action, the President would be required to report his recommendations to the Congress with regard to any further United States participation in the Fund.". ASSISTANCE TO THE PRIVATE SECTOR OF EL SALVADOR AND OTHER NATIONS

22 USC 286x.

International Monetary Fund salaries and travel costs. 22 USC 286a note.

SEC 8. The Bretton Woods Agreements Act is further amended by adding at the end thereof the following new section: "SEC 38. It is the sense of the Congress that in providing assistance through loans or other means to any nation, in particular El Salvador and Nicaragua, the Fund and the Bank should encourage programs which assist the private sector to create an environment which will stabilize the economy of the nation; and that the United States representatives to the Fund and the Bank shall promote the use of assistance by the Fund and the Bank to encourage such programs.". SEC 9. The United States Executive Director to the Fund shall seek to insure (a) that Fund salaries do not exceed those levels endorsed by the Fund Bank Joint Committee on Staff Compensation Issues; and (b) that travel costs are minimized by limiting first class and supersonic travel to instances where no reasonable alternative exists.

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