§ 282k. Securities issued by Corporation

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1990

   European Bank for Reconstruction and Development Act

   Pub. L. 101–513 title V § 562(e)(1)(A) · 104 Stat. 1979

   Enacted · 22 U.S.C. § 282k

   (Aug. 11, 1955, ch. 788, § 13, as added Pub. L. 101–513, title V, § 562(e)(1)(A), Nov. 5, 1990, 104 Stat. 2037.)

   Source evidence

   Code source credit
   (Aug. 11, 1955, ch. 788, § 13, as added Pub. L. 101–513, title V, § 562(e)(1)(A), Nov. 5, 1990, 104 Stat. 2037.)

   Enacted provision · exact public law section
   (A) Exemption from securities laws; reports required.— The International Finance Corporation Act (22 U.S.C. 282 et seq.) is amended by adding at the end the following: “SEC. 13. SECURITIES ISSUED BY THE CORPORATION. “(a) Exemption From Securities Laws; Reports to Securities and Exchange Commission.— Any securities issued by the Corporation (including any guaranty by the Corporation, whether or not limited in scope) and any securities guaranteed by the Corporation as to both principal and interest shall be deemed to be exempted securities within the meaning of section 3(a)(2) of the Securities Act of 1933 and section 3(a)(12) of the Securities Exchange Act of 1934. The Corporation shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Corporation and its operations and necessary in the public interest or for the protection of investors. “(b) Authority of Securities and Exchange Commission to Suspend Exemption: Reports to the Congress.— The Securities and Exchange Commission, acting in consultation with the National Advisory Council on International Monetary and Financial Problems, is authorized to suspend the provisions of subsection (a) at any time as to any or all securities issued or guaranteed by the Corporation during the period of such suspension. The Commission shall include in its annual reports to the Congress such information as it shall deem advisable with regard to the operations and effect of this section.”.

1 of 1 references resolved to an enrolled provision