Concurrent resolution expressing the sense of the Congress that any gold to be released from the International Monetary Fund should be offered for restitution at the official price to the member nations of the International Monetary Fund in proportion to their cumulative subscriptions to the International Monetary Fund.

referredUnited States· United States Congress· EN

Introduced

19 December 1975

Last action

—

Status

Referred to House Committee on Banking, Currency and Housing.

Summary

Expresses the sense of the Congress that the question of the proper role of gold in the International Monetary System and the question of the level of foreign assistance to developing nations are separate issues. States that it is not the function of the Fund to act as a development agency. Provides that it shall be the position of the United States that all gold released by the Fund should be restored at the official price to the member nations of the Fund.

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Documents

1 official file

Introduced in House
summary · EN · 19 December 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-concurrent-resolution/522
Open data entity: https://api.congress.gov/v3/bill/94/hconres/522