Title 22 — Foreign Relations and Intercourse
Chapter 7 — International Bureaus, Congresses, Etc.
§ 286m. Amount of loan; public-debt transaction; disposition of interest payments
Statutory text
For the purpose of carrying out the agreement dated , between the United States and the United Kingdom, the Secretary of the Treasury is authorized to use as a public-debt transaction not to exceed $3,750,000,000 of the proceeds of any securities issued after , under chapter 31 of title 31, and the purposes for which securities may be issued under that chapter are extended to include such purpose. Payments to the United Kingdom under this section and section 286l of this title and pursuant to the agreement and repayments thereof shall be treated as public-debt transactions of the United States. Payments of interest to the United States under the agreement shall be covered into the Treasury as miscellaneous receipts.
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.
Pub. L. 79–577 § 2 · 60 Stat. 535
Enacted · 22 U.S.C. § 286m
(July 15, 1946, ch. 577, § 2, 60 Stat. 535.)
Source evidence
Code source credit
(July 15, 1946, ch. 577, § 2, 60 Stat. 535.)Enacted provision · exact public law section
Sec. 2. For the purpose of carrying out the agreement dated Public-debt transaction. December 6, 1945, between the United States and the United Kingdom, the Secretary of the Treasury is authorized to use as a public-debt transaction not to exceed $3,750,000,000 of the proceeds of any securities hereafter issued under the Second Liberty Bond Act, as 40 Stat. 288. 31 U. S. C. § 774 (2); Supp. V, § 754aet seq. Ante,p. 316. amended, and the purposes for which securities may be issued under that Act are extended to include such purpose. Payments to the United Kingdom under this joint resolution and pursuant to the agreement and repayments thereof shall be treated as public-debt transactions of the United States. Payments of interest to the Interest. United States under the agreement shall be covered into the Treasury as miscellaneous receipts.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
Agreement dated , between the United States and the United Kingdom, referred to in text, is set out as a note under section 286l of this title.
Codification
“Chapter 31 of title 31” and “that chapter” substituted in text for “the Second Liberty Bond Act, as amended” and “that Act”, respectively, on authority of Pub. L. 97–258, § 4(b), , 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.
Section was not enacted as a part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreement Act, which comprises this subchapter.
Credits
(July 15, 1946, ch. 577, § 2, 60 Stat. 535.)