Page:United States Statutes at Large Volume 97.djvu/1308

 97 STAT. 1276 PUBLIC LAW 98-181—NOV. 30, 1983 REPORTS TO CONGRESS SEC. 813. The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end thereof the following: " REPORTS TO CONGRESS 22 USC 286b-2. "SEC. 50. (a) The National Advisory C!ouncil on International Monetary and Financial Policies shall include in its annual reports to the Congress— Statement "(1) a statement listing all appraisal reports which have been ^^^^^S circulated during the preceding year within the Bank for appraisa s. project assistance which would establish or enhance the capac- ity of any country to produce a commodity for export, if-— "(A) such commodity is in surplus on world markets or is likely to be in surplus on world markets at the time the resulting productive capacity is expected to become opera- tive; and "(B) such project assistance will cause material injury to United States producers of the same, similar, or competing commodity; Review. "(2) a review of success in reducing or eliminating import restrictions and unfair export subsidies which have been deter- mined to be inconsistent with international agreements, and which have a serious adverse impact on the United States, or any other member's, exports or employment; Study. United States steel and copper industries of steel and copper subsidies by nations who are borrowers from the Fund; Review. "(4) a review for the fiscal year 1984 report regarding progress achieved in reaching the goal of eliminating all predatory agri- cultural export subsidies which might result in the reduction of Ante, p. 1271. other member countries' exports as set forth in section 44; and "(5) copies of the analyses and any written documentation prepared by the Secretary of the Treasury pursuant to subsec- Ante, p. 1272. tions (b)(2) and (c) of section 45 and a statement detailing the actions and progress made in carrying out the requirements of subsections (a) and (b) of section 45. "(b) Not later than one year after the date of the enactment of this section, the Secretary of the Treasury shall transmit a report to the Congress on the operation of the international monetary and finan- cial system, including— "(1) findings of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, and the Secretary of State regarding consideration of United States membership in the Bank for International Settlements; and "(2) proposals to improve the floating exchange rate system. "(c) Not later than one year after the date of the enactment of this section, the Secretary of the Treasury shall transmit a report to the Congress with respect to strengthening the role and improving the operation of the International Monetary Fund, including— "(1) ways to maintain realistic, market-determined exchange rates with other major currencies and recommendations regard- ing what can be done to avoid exchange rate manipulation. In particular, such report shall examine the policies of major trading partners which (A) maintain a substantial trade surplus with the United States, and (B) encourage export of capital to
 * (3) a study for the fiscal year 1984 report of the impact on the

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