[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2313 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2313

 To repeal the authority to provide certain loans to the International 
 Monetary Fund, the increase in the United States quota in that Fund, 
 and certain other authorities, and to rescind related appropriations.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2011

   Mrs. McMorris Rodgers (for herself, Mr. Duncan of Tennessee, Mrs. 
    Blackburn, Mr. Gowdy, Mr. Chaffetz, Mr. Latta, Mr. Harris, Mr. 
Kingston, Mr. Neugebauer, Mr. Hastings of Washington, Mr. Simpson, Mrs. 
  Hartzler, Mr. Coffman of Colorado, Mr. Jones, Mr. Rehberg, and Mr. 
    Long) introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
   Appropriations, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To repeal the authority to provide certain loans to the International 
 Monetary Fund, the increase in the United States quota in that Fund, 
 and certain other authorities, and to rescind related appropriations.

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

SECTION 1. REPEAL OF AUTHORITY TO PROVIDE CERTAIN LOANS TO THE 
              INTERNATIONAL MONETARY FUND, THE INCREASE IN THE UNITED 
              STATES QUOTA, AND CERTAIN OTHER AUTHORITIES, AND 
              RESCISSION OF RELATED APPROPRIATED AMOUNTS.

    (a) Repeal of Authorities.--The Bretton Woods Agreements Act (22 
U.S.C. 286 et seq.) is amended--
            (1) in section 17--
                    (A) in subsection (a)--
                            (i) by striking ``(1) In order'' and 
                        inserting ``In order''; and
                            (ii) by striking paragraphs (2), (3), and 
                        (4); and
                    (B) in subsection (b)--
                            (i) by striking ``(1) For the purpose'' and 
                        inserting ``For the purpose'';
                            (ii) by striking ``subsection (a)(1)'' and 
                        inserting ``subsection (a)''; and
                            (iii) by striking paragraph (2);
            (2) by striking sections 64, 65, 66, and 67; and
            (3) by redesignating section 68 as section 64.
    (b) Rescission of Amounts.--
            (1) In general.--The unobligated balance of the amounts 
        specified in paragraph (2)--
                    (A) is rescinded;
                    (B) shall be deposited in the General Fund of the 
                Treasury to be dedicated for the sole purpose of 
                deficit reduction; and
                    (C) may not be used as an offset for other spending 
                increases or revenue reductions.
            (2) Amounts specified.--The amounts specified in this 
        paragraph are the amounts appropriated under the headings 
        ``United states quota, international monetary fund'' and 
        ``Loans to international monetary fund'', under the heading 
        ``International Assistance Programs--International Monetary 
        Programs'', in title XIV of the Supplemental Appropriations 
        Act, 2009 (Public Law 111-32; 123 Stat. 1916).
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