[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3599 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3599

  To ban the provision of Federal funds to the International Monetary 
   Fund until Iraq is expelled from the International Monetary Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 30, 1998

   Mr. Saxton (for himself, Mr. Watts of Oklahoma, and Mr. Sanford) 
 introduced the following bill; which was referred to the Committee on 
                     Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
  To ban the provision of Federal funds to the International Monetary 
   Fund until Iraq is expelled from the International Monetary Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. BAN ON THE PROVISION OF FEDERAL FUNDS TO THE INTERNATIONAL 
              MONETARY FUND UNTIL IRAQ IS EXPELLED FROM THE 
              INTERNATIONAL MONETARY FUND.

    An officer, employee, or agent of the United States may not, 
directly or indirectly, provide Federal funds to, or for the benefit 
of, the International Monetary Fund--
            (1) until the International Monetary Fund requires Iraq, 
        pursuant to section 2 of article XXVI of the Articles of 
        Agreement of the International Monetary Fund, to withdraw from 
        the International Monetary Fund; and
            (2) after such withdrawal, if Iraq becomes a member of the 
        International Monetary Fund.
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