§ 286e. Payment of subscriptions to Fund and Bank by United States; issuance of special notes; income covered into Treasury

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. 1945

   Bretton Woods Agreements Act

   Pub. L. 79–339 § 7(b) · 59 Stat. 512

   Enacted · 22 U.S.C. § 286e

   July 31, 1945, ch. 339, § 7(b)–(d), 59 Stat. 514

   Source evidence

   Code source credit
   July 31, 1945, ch. 339, § 7(b)–(d), 59 Stat. 514

   Enacted provision · exact public law section
   (b) Payment of balance. The Secretary of the Treasury is authorized to pay the balance of $950,000,000 of the subscription of the United States to the Fund Bank. not provided for in subsection (a) and to pay the subscription of the United States to the Bank from time to time when payments are Use of U. S. securities. required to be made to the Bank. For the purpose of making these payments, the Secretary of the Treasury is authorized to use as a public-debt transaction not to exceed $4,125,000,000 of the proceeds 40 Stat. 288. 31 U. S. C. § 774 (2); Supp. IV, § 754a et seq. Ante, pp. 47, 48, 59. of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under that Act are extended to include such purpose. Payment under this subsection of the subscription of the United States to the Fund or the Bank and repayments thereof shall be treated as public-debt transactions of the United States.

2. 1959

   Pub. L. 86–48 § 2 · 73 Stat. 80

   1. Struck · 22 U.S.C. § 286e

      Pub. L. 86–48 struck out “of $950,000,000” after “is authorized to pay the balance”

   2. Substituted · 22 U.S.C. § 286e

      Pub. L. 86–48 substituted “$8,675,000,000” for “not to exceed $4,125,000,000”

   Source evidence

   Code amendment note
   Pub. L. 86–48 struck out “of $950,000,000” after “is authorized to pay the balance”, and substituted “$8,675,000,000” for “not to exceed $4,125,000,000”.

   Enacted provision · exact public law section
   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”.

3. 1962

   Pub. L. 87–490 § 2 · 76 Stat. 105

   Changed · 22 U.S.C. § 286e

   Pub. L. 87–490 included in the limitation of face amount of special notes issued to the Fund the dollar equivalent of currencies and gold which the United States shall have purchased from the Fund in accordance with the Articles of Agreement

   Source evidence

   Code amendment note
   Pub. L. 87–490 included in the limitation of face amount of special notes issued to the Fund the dollar equivalent of currencies and gold which the United States shall have purchased from the Fund in accordance with the Articles of Agreement.

   Enacted provision · exact public law section
   Sec. 2. The last sentence of section 7(c) of the Bretton Woods Special notes. 59 Stat. 514. Agreements Act (22 U.S.C. 286e) is amended to read as follows: “The face amount of special notes issued to the Fund under the authority of this subsection and outstanding at any one time shall not exceed in the aggregate the amount of the subscription of the United States actually paid to the Fund and the dollar equivalent of currencies and gold which the United States shall have purchased from the Fund m accordance with the Articles of Agreement, and the face amount of such notes issued to the Bank and outstanding at any one time shall not exceed in the aggregate the amount of the subscription of the United States actually paid to the Bank under article II, section 7(i), of the Articles of Agreement of the Bank.”

4 of 4 references resolved to an enrolled provision