(a) The United States Governor
of the Fund is authorized to consent to an increase in the quota of
the United States in the Fund equivalent to 5,310,800,000 Special
Drawing Rights, limited to such amounts as are provided in advance
in appropriations Acts.
(b) (1) The Secretary of the Treasury
shall consult with the chairman and the ranking minority member of—
(A) the Committee on Banking, Finance and Urban Affairs and the Committee
on Appropriations of the House of Representatives, and any appropriate
subcommittee of each such committee; and
(B) the committee on Foreign Relations,
the Committee on Appropriations, and the Committee on Banking, Housing,
and Urban Affairs of the Senate, and any appropriate subcommittee
of each such committee,
for purposes of discussing the position of the executive
branch and the views of the Congress with respect to any international
negotiations being held to consider any future quota increase for
the International Monetary Fund which may involve an increased contribution, subscription,
or loan by the United States.
(2) Such consultation shall be made—
(A) not later than thirty 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
quota increase.
[22 USC 286e-1i. As
added by act of Nov. 30, 1983 (97 Stat. 1268).]
