To direct the Secretary of the Treasury to instruct the United States Executive Director at the International Monetary Fund to oppose any new loan by the International Monetary Fund to any country that is acting to restrict oil production to the detriment of the United States economy, except in emergency circumstances.

Summary

Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to use the U.S. vote to oppose any new IMF loan to any country which the Secretary of Energy determines is a member of the Organization of Petroleum Exporting Countries (OPEC) and is acting to restrict oil production to the detriment of the U.S. economy, or is acting in concert with OPEC to do so, unless the provision of the loan is necessary to address a systemic risk to the international financial system.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 March 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 28 March 2000

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• Introduced in House

  summary · EN · 28 March 2000

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