International Financial Reform Amendments

Summary

International Financial Reform Amendments - Amends the Bretton Woods Agreements Act to require Congressional authorization for (1) disposition of more than 25,000,000 ounces of gold from the International Monetary Fund, or (2) establishment of a trust from such Fund for the benefit of a single Fund member or segment. Requires the President, upon request, to furnish relevant information to Congressional committees with monetary policy oversight responsibilities. Amends the Gold Reserve Act of 1934 to prohibit the extension of any Fund loan by more than six months unless the President notifies Congress that exigent circumstances exist. Terminates the requirement that United States obligations be payable in dollars rather than gold.

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Timeline

1. 3 August 1977

   Introduced

   Referred to Senate Committee on Foreign Relations.

   Source: IntroReferral

2. 3 August 1977

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 11 October 1977

   Passed

   Provisions inserted in H.R. 5675 as passed Senate.

   Source: Floor

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 3 August 1977

  Open at official source

Sponsors

• Sen. Helms, Jesse [R-NC] · R · Sponsor
• Sen. Stevenson, Adlai E., III [D-IL] · D · Cosponsor
• Sen. Percy, Charles H. [R-IL] · R · Cosponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• · ssbk00 · Standing
• · ssfr00 · Standing

Related records

• related to → An Act to authorize the Secretary of the Treasury to invest public moneys, and for other purposes.