Page 53 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 262r

opment Bank, the African Development Bank,

the African Development Fund, and the Asian

Development Bank.

(Pub. L. 95–118, title XVI, §1622, formerly §1606,

as added Pub. L. 100–202, §101(e) [title I], Dec. 22,

1987, 101 Stat. 1329–131, 1329–134; renumbered

§1612, Pub. L. 100–461, title V, §555, Oct. 1, 1988,

102 Stat. 2268–36; renumbered §1613, renumbered

§1614, renumbered §1617, Pub. L. 101–240, title II,

§206, title V, §§501, 512, Dec. 19, 1989, 103 Stat.

2499, 2505, 2508; renumbered §1619, renumbered

§1620, Pub. L. 101–513, title V, §562(a)(2), (b)(1),

Nov. 5, 1990, 104 Stat. 2032, 2033; renumbered

§1622, Pub. L. 103–306, title V, §526(e), Aug. 23,

1994, 108 Stat. 1633.)

REFERENCES IN TEXT

This title and titles XIV and XV, referred to in text,

are titles XVI, XIV, and XV, respectively, of Pub. L.

95–118. Title XIV is classified to sections 262n to 262n–2

of this title, title XV is classified to sections 262o and

262o–1 of this title, and title XVI is classified to sections 262p to 262p–5 of this title. For complete classification of these titles to the Code, see Tables.

CODIFICATION

Section 1622, formerly §1606, of Pub. L. 95–118 is based

on section 701 of title VII of H.R. 3750, One Hundredth

Congress, as introduced Dec. 11, 1987, and enacted into

law by Pub. L. 100–202. Renumbering of section 1606 of

Pub. L. 95–118 as section 1612 was based on section 6 of

H.R. 4645, One Hundredth Congress, as reported Sept.

28, 1988, and enacted into law by Pub. L. 100–461.

§ 262q. Transferred

CODIFICATION

Section, Pub. L. 100–418, title III, §3202, Aug. 23, 1988,

102 Stat. 1382, which related to multilateral development bank procurement, was renumbered section 1801

of title XVIII of Pub. L. 95–118, by Pub. L. 101–240, title

V, §541(b)(1), Dec. 19, 1989, 103 Stat. 2517, and transferred

to section 262s of this title.

§ 262r. Annual report by Chairman of National

Advisory Council on International Monetary

and Financial Policies

(a) In general

The Chairman shall report annually to the

Speaker of the House of Representatives, the

President of the Senate, and to the President of

the United States on the participation of the

United States in the international financial institutions. The Chairman shall present such report to the Speaker of the House of Representatives and the President of the Senate not later

than April 1 of each year following the close of

the fiscal year covered by such report, except

that the report for fiscal year 1989 shall be submitted not later than June 1, 1990.

(b) Contents of reports

Each annual report required by subsection (a)

of this section shall contain—

(1) such data and explanations concerning

the effectiveness, operations, and policies of

the international financial institutions, such

recommendations concerning the international financial institutions, and such other

data and material as the Chairman may deem

appropriate;

(2) the reports on each specific issue and

topic which is required by any other provision

of law to be included in the report of the National Advisory Council on International Monetary and Financial Policies required by section 286b(b)(5) of this title, as in effect immediately before December 19, 1989;

(3) a description of each loan or other form

of financial assistance approved by any international financial institution during the fiscal

year covered by such report, and a discussion

of how such loan or financial assistance will

benefit the people, particularly the poor people, of the recipient country;

(4) a review of the success achieved through

the multilateral development banks in reducing or eliminating import restrictions and unfair export subsidies which—

(A) have been determined to be consistent

with international agreements; and

(B) have a serious adverse impact on the

United States;

(5) a description of the actions taken and the

progress made in carrying out subsections (a)

and (b) of section 286cc of this title;

(6) the report required by section 2018(c) of

the International Narcotics Act of 1986 (title II

of Public Law 99–570), discussing the actions

taken and progress made in encouraging the

multilateral development banks to finance

drug eradication and crop substitution programs;

(7) a description of the progress made by the

United States Executive Director of the International Monetary Fund with respect to the

goals of section 286kk of this title;

(8) a description of the status of procedures

in the multilateral development banks specifically designed to increase the productive role

of the poor in the economies of the nations

which are borrowers from such banks;

(9) in consultation with the Secretary of

State, a report on the progress toward achieving the goals of title VII (other than section

262e of this title), including the information

required to be reported pursuant to section

262d(c) of this title, and, for the fiscal year

1990, the report described in section 262p–4h of

this title;

(10) in consultation with the Secretary of

State and the Administrator of the Agency for

International Development, an assessment of

the progress being made to implement the objectives of title XIII; and

(11) a report on—

(A) the progress made in transforming government-owned enterprises into privately

owned enterprises as described in section

262p–4g(b) of this title;

(B) the performance of the privately owned

enterprises resulting from such transformation; and

(C) the contributions of development finance companies toward strengthening the

private sector in member borrowing countries.

(c) Definitions

As used in this title, title XVIII, and title XIX:

(1) Chairman

The term ‘‘Chairman’’ means the Chairman

of the National Advisory Council on International Monetary and Financial Policies.