An Act to provide for increased participation by the United States in the International Development Association and to permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad.
PL 93-373 (S.2665), enacted 08/14/1974

88 STAT. ] 
PUBLIC LAW 93-374-AUG. 14, 1974 
445 
Public Law 93-373 
AN ACT 
August 14, HI74 
To provide for increased participation by the United States in the International 
[s.2665] 
Development Association and to permit United States citizens to purchase, 
hold, sell, or otherwise deal with gold in the United States or abroad. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Inter- 
international. 
national Development Association Act (22 U.S.C. 284 et seq.) is Asloilauon! 
amended by adding at the end thereof the following new section: 
u.s. participa-
"SEC. 14. (a) The United States Governor is hereby authorized to tion increase. 
1 
tK 
i» 
1 
TT • 
T (-< 
t 
k 
• 
• 
p 
Uold commerce, 
agree on behalf of the United States to pay to the Association tour 
u.s. citizen 
annual installments of $375,000,000 each as the United States con- ^^l2tTc^284i 
tribution to the Fourth Keplenishment of the Resources of the 
Association. 
"(b) In order to pay for the United States contribution, there is Appropriation. 
hereby authorized to be appropriated without fiscal year limitation 
four annual installments of $375,000,000 each for payment by the 
Secretary of the Treasury.". 
SEC. 2. Subsections 3 (b) and (c) of Public Law 93-110 (87 Stat. 
Repeals. 
352) are repealed and in lieu thereof add the following: 
^^ ^^^ ^^'^ 
"(b) No provision of any law in effect on the date of enactment of "° ^^' 
this Act, and no rule, regulation, or order in effect on the date sub-
sections (a) and (b) become effective may be construed to prohibit any 
person from purchasing, holding, selling, or otherwise dealing with 
gold in the United States or abroad. 
"(c) The provisions of subsections (a) and (b) of this section shall 
Effective date. 
take effect either on December 31, 1974, or at any time prior to such 
date that the President finds and reports to Congress that international 
^^residential 
monetary reform shall have proceeded to the point where elimination 
report to Con-
gress. 
of regulations on private ownership of gold will not adversely affect 
the United Stags' international monetary position.". 
SEC. 3. The International Development Association Act (22 U.S.C. 
Development o
f 
284 et seq.) is amended by inserting at the end thereof the following: devicesTi^'^an^ "
^
^ 
"SEC. 15. The United States Governor is authorized and directed to restrictions. 
vote against any Ipan or other utilization of the fiuids of the Associa- 
^^ ^^^ ^^'*"'' 
tion for the benefit of any country which develops any nuclear explosive 
device, unless the country is or becomes a State Party to the Treaty 
on the Non-Proliferation of Nuclear Weapons (21 UST 483) .'• 
Approved August 14, 1974. 
Public Law 93-374 
J O I N T RESOLUTION 
August 14, 1974 
To amend the Export-Import Bank Act of 1945. 
[s. j . R e s . 229] 
Resolved hy the Senate and House of Representatives of the United 
States of America in Congress assembled^ That section 8 of the Export-
Import Bank Act of 1945 is amended by striking out "July 30" and 
^"'^' P- ^^^• 
inserting in lieu thereof "September 30". 
Approved August 14, 1974.