§ 262r–1 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE Page 54

1So in original. Probably should be followed by a comma.

2So in original.

(2) International financial institutions

The term ‘‘international financial institutions’’ means the International Monetary

Fund, International Bank for Reconstruction

and Development, European Bank for Reconstruction and Development, International Development Association, International Finance

Corporation, Multilateral Investment Guarantee Agency, African Development Bank, African Development Fund, Asian Development

Bank, Inter-American Development Bank 1

Bank for Economic Cooperation and Development in the Middle East and North Africa,,2

and Inter-American Investment Corporation.

(3) Multilateral development institutions

The term ‘‘multilateral development institutions’’ means the international financial institutions other than the International Monetary

Fund.

(4) Multilateral development banks

The term ‘‘multilateral development banks’’

means the multilateral development institutions other than the Multilateral Investment

Guarantee Agency.

(d) Testimony required

Upon request of the Committee on Banking,

Finance and Urban Affairs of the House of Representatives, the Chairman shall testify before

the Committee to support and explain each annual report required by subsection (a) of this

section. If the President has delegated to a person or persons other than the Chairman the authority to manage United States participation

in the international financial institutions which

was vested in the President by section 1(b) of

the Reorganization Plan No. 4 of 1965, such person or persons shall, upon request of the Committee, accompany the Chairman and testify before the Committee with regard to such report.

The Chairman and such other person or persons

shall assess, in their testimony, the effectiveness of the international financial institutions,

the major issues affecting United States participation, the major developments in the past year,

the prospects for the coming year, United States

policy goals with respect to the international financial institutions, and any specific issues addressed to them by any member of the Committee.

(Pub. L. 95–118, title XVII, §1701, as added Pub.

L. 101–240, title V, §541(a), Dec. 19, 1989, 103 Stat.

2514; amended Pub. L. 101–513, title V,

§562(c)(10)(A), Nov. 5, 1990, 104 Stat. 2036; Pub. L.

104–208, div. A, title I, §101(c) [title VII, §710(a)],

Sept. 30, 1996, 110 Stat. 3009–121, 3009–181.)

REFERENCES IN TEXT

Section 2018(c) of the International Narcotics Act of

1986, referred to in subsec. (b)(6), means section 2018(c)

of Pub. L. 99–570, known as the International Narcotics

Control Act of 1986, which is set out as a note under

section 2291 of this title.

This title and titles VII, XIII, XVIII, and XIX, referred to in subsecs. (b)(9), (10) and (c), are titles XVII,

VII, XIII, XVIII, and XIX, respectively, of Pub. L.

95–118. Title VII enacted sections 262d and 262e of this

title, repealed sections 283y, 284m, and 290g–9 of this

title, and enacted provisions set out as a note under

section 262c of this title. Title XIII is classified to sections 262m to 262m–7 of this title. Title XVII is classified to sections 262r to 262r–2 of this title. Title XVIII

is classified to sections 262s to 262s–2 of this title. Title

XIX is classified to section 262t of this title. For complete classification of these titles to the Code, see

Tables.

Reorganization Plan No. 4 of 1965, referred to in subsec. (d), is set out in the Appendix to Title 5, Government Organization and Employees.

AMENDMENTS

1996—Subsec. (c)(2). Pub. L. 104–208 inserted ‘‘Bank for

Economic Cooperation and Development in the Middle

East and North Africa,’’ after ‘‘Inter-American Development Bank’’.

1990—Subsec. (c)(2). Pub. L. 101–513 inserted ‘‘European Bank for Reconstruction and Development,’’ before ‘‘International Development Association,’’.

CHANGE OF NAME

Committee on Banking, Finance and Urban Affairs of

House of Representatives treated as referring to Committee on Banking and Financial Services of House of

Representatives by section 1(a) of Pub. L. 104–14, set

out as a note preceding section 21 of Title 2, The Congress.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 262o–1, 262p–4o,

262p–4p, 2421 of this title.

§ 262r–1. Transmission to the Congress of operating summaries of the multilateral development banks

The Secretary of the Treasury shall transmit

to the Congress, on a monthly basis, current

copies of the Monthly Operating Summary of

the International Bank for Reconstruction and

Development, showing the loan proposals or appraisal reports under consideration and the

status of those loan proposals or appraisal reports within the Bank. The Secretary of the

Treasury shall also transmit to the Congress, at

such times as may be appropriate, comparable

documents prepared by the other multilateral

development banks which show the loans or

credits under consideration in the other multilateral development banks.

(Pub. L. 95–118, title XVII, §1702, as added Pub.

L. 101–240, title V, §541(a), Dec. 19, 1989, 103 Stat.

2516.)

DEFINITIONS

The definitions in section 262r of this title apply to

this section.

§ 262r–2. Combined report on effect of pending

multilateral development bank loans on environment, natural resources, public health,

and indigenous peoples

Not later than April 1 and October 1 of each

year, the Administrator of the Agency for International Development, in consultation with the

Secretary of the Treasury and the Secretary of

State, shall submit to the Committee on Appropriations and the Committee on Banking, Finance and Urban Affairs of the House of Representatives, and the Committee on Appropriations and the Committee on Foreign Relations

of the Senate, as a combined report, the reports