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To: long-gone who wrote (57750)	8/31/2000 8:35:37 AM
From: long-gone	Respond to of 116762

A BILL To encourage the International Monetary Fund to fully implement transparency and efficiency policies. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `IMF Transparency and Efficiency Enforcement Act of 1999'. SEC. 2. LIMITATION ON AUTHORITY TO MAKE LOANS TO THE INTERNATIONAL MONETARY FUND. Section 17(a) of the Bretton Woods Agreements Act (22 U.S.C. 280e-z(a)) is amended by adding at the end the following: `A loan under the authority granted in this subsection may be made only within 1 year after the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System, after consultation with the Comptroller General of the United States, have jointly provided to the Committees on Appropriations, Foreign Relations, and Banking, Housing, and Urban Affairs of the Senate and the Committees on Appropriations and Banking and Financial Services of the House of Representatives a written certification that the Fund has implemented fully the policies described in section 601 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1999 (as contained in section 101(d) of Division A of the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999), except that if, in each of the preceding 4 years, such a certification has been so provided but a joint resolution approving the certification has not been enacted into law pursuant to this sentence, then such a loan may not be made within 1 year after the provision of the certification unless, during such year, a joint resolution approving the certification is enacted into law.'. thomas.loc.gov