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LegalText 22 U.S.C. § 262p15 United States policy on Burma at the International Monetary Fund, the World Bank Group, and the Asian Development Bank us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 262p15 22 U.S.C. § 262p15 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s262p15 data/legal/raw/us/code/title-22/usc22.xml 214866813e462330e31555edea98147b98a67fe2ee0897c6876d8b885fba5bae b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 25fca5f92cbfdd77f6789610caf50c63069dd0544a085889b79282e61ad40a7e 2026-07-04 official
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22 U.S.C. § 262p15 - United States policy on Burma at the International Monetary Fund, the World Bank Group, and the Asian Development Bank

Text

(a) Policy of the United States The Secretary of Treasury shall instruct the United States Executive Directors at the International Monetary Fund, the World Bank Group, and the Asian Development Bank to inform the respective institution that it is the policy of the United States to oppose, and to use the voice and vote of the United States to vote against, any loan or financial assistance to Burma through the State Administration Council, or any successor entity controlled by the military, except for humanitarian assistance channeled through an implementing agency not controlled by the Burmese military.

(b) Submission of written statements No later than 60 calendar days after a meeting of the Board of Directors of the World Bank Group or the Asian Development Bank, the Secretary of the Treasury shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate any written statement presented at the meeting by the United States Executive Director concerning the United States policy described in subsection (a) or the United States position on any strategy, policy, loan, extension of financial assistance, or technical assistance related to Burma considered by the Board.

(c) Waiver The President of the United States may waive the application of subsection (a) on a case-by-case basis upon certifying to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that the waiver—

(1) substantially promotes the objective of delivering humanitarian assistance to the civilian population of Burma, including a detailed explanation as to the need for such a waiver, the nature of the humanitarian assistance, the mechanisms through which such assistance will be delivered, and the oversight safeguards that will accompany such assistance; or

(2) is otherwise in the national interest of the United States, with a detailed explanation of the reasons therefor.

(d) World Bank Group defined In this section, the term “World Bank Group” means the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, and the Multilateral Investment Guarantee Agency.

(Pub. L. 95118, title XVI, § 1631, as added Pub. L. 11781, div. F, title LXI, § 6104(b), Dec. 27, 2021, 135 Stat. 2385.)

Notes

Repeal of SectionFor repeal of section by section 6104(c) of Pub. L. 11781, see Effective Date of Repeal note below.

Statutory Notes and Related Subsidiaries

Effective Date of RepealPub. L. 11781, div. F, title LXI, § 6104(c), Dec. 27, 2021, 135 Stat. 2386, provided that: “Section 1631 of the International Financial Institutions Act [22 U.S.C. 262p15], as added by subsection (b), is repealed on the earlier of— “(1) the date the President of the United States submits to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate a certification that—“(A) the Burmese military has released all political prisoners; “(B) an elected government has been instated following free and fair elections; and “(C) all government institutions involved in the provision of multilateral assistance are fully under civilian control; or “(2) the date that is 10 years after the date of the enactment of this Act [Dec. 27, 2021].”

Definitions The definitions in section 262p5 of this title apply to this section.