To direct the United States Executive Directors at the International Bank for Reconstruction and Development and the International Monetary Fund to encourage their respective institutions to require countries receiving assistance from such institutions to use the portion of the assistance attributable to United States contributions to obtain goods and services produced in the United States.

Summary

Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Directors at the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund to use the U.S. vote to encourage their respective institutions to require, as a condition of providing it financial assistance, that a country use not less than 18 percent of such assistance to obtain U.S. goods and services (excluding interest in a financial instrument or reduction or cancellation of any obligation of the country to the U.S. Government or any U.S. person).

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 September 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 14 September 1999

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• Introduced in House

  summary · EN · 14 September 1999

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