Page:United States Statutes at Large Volume 95.djvu/772

 95 STAT. 746 "Needy people.'

Report to Congress. 22 USC 262g-2 note.

PUBLIC LAW 97-35—AUG. 13, 1981 section if they are designed and implemented properly. For the purposes of this title, 'needy people' means those people living in absolute' or 'relative' poverty as determined under the standards employed by the International Bank for Reconstruction and Development and the International Development Association. "SEC. 1103. The Secretary of the Treasury shall, not later than May 1 of 1982, 1983, and 1984, report to the Speaker of the House of Representatives and the Chairman of the Committee on Foreign Relations of the Senate on the progress being made toward achieving the goals of section 1102, and shall include in each such report, for each of the institutions referred to in sections 1101 and 1102, as accurate an estimate as is practicable of the proportion of the lending by that institution which benefits needy people in its borrower countries. "TITLE XII—CONGRESSIONAL CONSULTATIONS

22 USC 262g-3.

"SEC. 1201. The Secretary of the Treasury or his designee shall consult with the Chairman and the Ranking Minority Member of— "(1) the Committee on Banking, Finance and Urban Affairs of the House of Representatives, the Committee on Appropriations of the House of Representatives, and the appropriate subcommittee of each such committee, and "(2) the Committee on Foreign Relations of the Senate, the Committee on Appropriations of the Senate, and the appropriate subcommittee of each such committee, for the purpose of discussing the position of the executive branch and the views of the Congress with respect to any international negotiations being held to consider future replenishments or capital expansions of any multilateral development bank which may involve an increased contribution or subscription by the United States. Such consultation shall be made (A) not later than 30 days before the initiation of such international negotiations, (B) during the period in which such negotiations are being held, in a frequent and timely manner, and (C) before a session of such negotiations is held at which the United States representatives may agree to such a replenishment or capital expansion.". PART 6—MISCELLANEOUS PROVISIONS ELIMINATION OF CERTAIN REPORTS

Repeal.

SEC. 1371. (a)(1) Section 31 of the Bretton Woods Agreements Act (22 U.S.C. 286e-10) is repealed. (2) Section 35 of that Act (22 U.S.C. 286u) is amended by striking out ", and shall report" and all that follows through "goal". (b)(1) Section 801 of Public Law 95-118 (22 U.S.C. 262f) is amended— (A) by striking out "(a)"; and (B) by repealing subsection (b). (2) Section 901 of that Act (22 U.S.C. 262g) is amended— (A) by striking out "(a)"; and (B) by repealing subsection (b).

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EFFECTIVE DATE AND AVAILABILITY OF FUNDS 22 USC 290i note.

SEC. 1372. This subtitle shall take effect upon its enactment, except that funds authorized to be appropriated by any provision contained

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