International Monetary Fund Reform and Authorization Act of 1998

Summary

TABLE OF CONTENTS: Title I: International Monetary Fund Title II: New Arrangements to Borrow Title III: Policy Provisions International Monetary Fund Reform and Authorization Act of 1998 - Title I: International Monetary Fund - Amends the Bretton Woods Agreement Act to authorize the U.S. Governor of the International Monetary Fund (IMF) to consent, subject to appropriations, to a specified increase in the U.S. IMF quota of Special Drawing Rights. Title II: New Arrangements to Borrow - Sets forth conforming amendments for Federal participation in new arrangements to borrow. Title III: Policy Provisions - Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director of the IMF to advocate specified policies whose goal, among other things, is to: (1) make the IMF a more effective mechanism for implementation of specified international banking and trade principles; (2) ensure by specified activities that it does not become a lender of last resort for private investors and commercial banks; (3) promote worker rights; (4) adopt appropriate environmental policies supporting macroeconomic stability; and (5) facilitate IMF transparency and accountability.

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6 official files

• Reported in House (text)

  Reported in House · EN · 18 March 1998

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• Reported in House (PDF)

  Reported in House · EN · 18 March 1998

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• Reported to House with amendment(s)

  summary · EN · 18 March 1998

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• Introduced in House (text)

  Introduced in House · EN · 27 January 1998

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• Introduced in House (PDF)

  Introduced in House · EN · 27 January 1998

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• Introduced in House

  summary · EN · 27 January 1998

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