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2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 262s Multilateral development bank procurement us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 262s 22 U.S.C. § 262s 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/s262s data/legal/raw/us/code/title-22/usc22.xml 6580d8d12f26f5bea819b0bd2a1a2b58b585ae95cfde604dc187371f70b78ed1 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 f5634520e23b59cc631271de70ffe98d76b194acd96b32e0765906aff6650718 2026-07-04 official
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22 U.S.C. § 262s - Multilateral development bank procurement

Text

(a) Executive Directors The Secretary of the Treasury shall instruct the United States Executive Director of each multilateral development bank to attach a high priority to promoting opportunities for exports for goods and services from the United States and, in carrying out this function, to investigate thoroughly any complaints from United States bidders about the awarding of procurement contracts by the multilateral development banks to ensure that all contract procedures and rules of the banks are observed and that United States firms are treated fairly.

(b) 11 So in original. Two subsecs. (b) have been enacted. Officer of procurement (1) Establishment The Secretary of the Treasury shall designate, within the Office of International Affairs in the Department of the Treasury, an officer of multilateral development bank procurement.

(2) Function The officer shall act as the liaison between the Department of the Treasury, the Department of Commerce, and the United States Executive Directors offices in the multilateral development banks, in carrying out this section. The officer shall cooperate with the Department of Commerce in efforts to improve opportunities for multilateral development bank procurement by United States companies.

(b) 1 “Multilateral development bank” defined As used in this section, the term “multilateral development bank” includes the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the InterAmerican Investment Corporation, the Asian Development Bank, the African Development Bank, and the African Development Fund.

(Pub. L. 95118, title XVIII, § 1801, formerly Pub. L. 100418, title III, § 3202, Aug. 23, 1988, 102 Stat. 1382; renumbered § 1801 of Pub. L. 95118, Pub. L. 101240, title V, § 541(b)(1), Dec. 19, 1989, 103 Stat. 2517.)

Notes

Editorial Notes

Codification Section was formerly classified to section 262q of this title prior to renumbering by Pub. L. 101240.

Statutory Notes and Related Subsidiaries

Short TitlePub. L. 100418, title III, § 3201, Aug. 23, 1988, 102 Stat. 1382, provided that: “This subtitle [subtitle C (§§ 3201, 3202) of title III of Pub. L. 100418, enacting former section 262q of this title] may be cited as the Multilateral Development Banks Procurement Act of 1988.”

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