A bill to prevent the creation of an international bailout fund within the International Monetary Fund, and for other purposes.

Summary

Amends the Bretton Woods Agreements Act to prohibit the authorization of appropriations for any increase in the U.S. subscription of capital stock in the International Bank for Reconstruction and Development (Bank) for use directly or indirectly for the establishment of an emergency financing mechanism (fund) under the control of the International Monetary Fund (IMF) or the Bank (particularly to help bailout banks of member nations). Directs the Secretary of the Treasury to instruct the Executive Directors of the IMF and the Bank to oppose and vote against any proposal to establish such a fund, as proposed by the Group of Seven Nations in Halifax, Nova Scotia on June 16, 1995.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 September 1995

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 September 1995

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 September 1995

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.