[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3134 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 3134

  To ban the provision of Federal funds to the International Monetary 
Fund unless it pays remuneration to the United States on 100 percent of 
the reserve position of the United States in the International Monetary 
                                 Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 21, 1999

  Mr. Saxton introduced the following bill; which was referred to the 
               Committee on Banking and Financial Service

_______________________________________________________________________

                                 A BILL


 
  To ban the provision of Federal funds to the International Monetary 
Fund unless it pays remuneration to the United States on 100 percent of 
the reserve position of the United States in 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 UNLESS IT PAYS REMUNERATION TO THE UNITED 
              STATES ON 100 PERCENT OF THE RESERVE POSITION OF THE 
              UNITED STATES IN THE INTERNATIONAL MONETARY FUND.

    No officer, employee, or agent of the United States may provide or 
approve the provision of any resources to the International Monetary 
Fund through gold sales, an increase in the quota of the United States 
in the International Monetary Fund, or any other means, unless the 
Secretary of the Treasury, in consultation with the Comptroller 
General, determines, at the time of such provision or approval, that 
the International Monetary Fund pays remuneration to the United States 
on 100 percent of the reserve position of the United States in the 
International Monetary Fund.
                                 <all>