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

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LegalText 22 U.S.C. § 262k1 Transparency of budgets us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 262k1 22 U.S.C. § 262k1 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/s262k1 data/legal/raw/us/code/title-22/usc22.xml bb611931deadef77f743faa1b850bf7f8129b1dac02a1842a5fecc4692695fc3 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 edcd14287811f9908d6e1ceb66eed03f960c8eba106de03aec16d3bc7e0eb757 2026-07-04 official
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22 U.S.C. § 262k1 - Transparency of budgets

Text

(a) Limitation Beginning three years after September 30, 1996, the Secretary of the Treasury shall instruct the United States Executive Director of each international financial institution to use the voice and vote of the United States to oppose any loan or other utilization of the funds of their respective institution, other than to address basic human needs, for the government of any country which the Secretary of the Treasury determines—

(1) does not have in place a functioning system for reporting to civilian authorities audits of receipts and expenditures that fund activities of the armed forces and security forces;

(2) has not provided to the institution information about the audit process requested by the institution.

(b) “International financial institution” defined For purposes of this section, the term “international financial institution” shall include the institutions identified in section 532(b) of this Act.

(Pub. L. 104208, div. A, title I, § 101(c) [title V, § 576], Sept. 30, 1996, 110 Stat. 3009121, 3009168; Pub. L. 105118, title V, § 572, Nov. 26, 1997, 111 Stat. 2430.)

Notes

Editorial Notes

References in TextSection 532(b) of this Act, referred to in subsec. (b), is section 532(b) of Pub. L. 104208, div. A, title I, § 101(c) [title V], Sept. 30, 1996, 110 Stat. 3009121, 3009152, which is not classified to the Code.

Amendments1997—Subsec. (a)(1). Pub. L. 105118, § 572(a), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “does not have in place a functioning system for a civilian audit of all receipts and expenditures that fund activities of the armed forces and security forces;”. Subsec. (a)(2). Pub. L. 105118, § 572(b), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “has not provided a summary of a current audit to the institution.”