Public Law 86–48

That the Bretton Woods Agreements Act is amended by adding at the end thereof the following new section:

“Sec. 16.

(a)(a)

The United States Governor of the Fund is authorized to request and consent to an increase of $1,375,000,000 in the quota of the United States under article III, section 2, of the articles of agreement of the Fund, as proposed in the resolution of the Board of Governors of the Fund dated February 2, 1959.

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“(b)“(b)

The United States Governor of the Bank is authorized (1) to vote for increases in the capital stock of the Bank under article II, section 2, of the articles of agreement of the Bank, as recommended in the resolution of the Board of Governors of the Bank dated February 2, 1959, and (2) if such increases become effective, to subscribe on behalf of the United States to thirty-one thousand seven hundred and fifty additional shares of stock under article II, section 3, of the articles of agreement of the Bank.”

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Sec. 2.

Section 7 (b) of the Bretton Woods Agreements Act is

22 USC 286e.

amended by striking out “of $950,000,000”, and by striking out “not to exceed $4,125,000,000” and inserting in lieu thereof “$8,675,000,000”.