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LegalText 22 U.S.C. § 262o1 Military spending by recipient countries; military involvement in economies of recipient countries us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 262o1 22 U.S.C. § 262o1 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/s262o1 data/legal/raw/us/code/title-22/usc22.xml f5b1c216fdfdfdf367b7939c7e0764a984a833741f024404bc851360437d7888 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 a88b307a723527a97631bde22c8b3f69721c19f200af1f019c4538d4bee2d69f 2026-07-04 official
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22 U.S.C. § 262o1 - Military spending by recipient countries; military involvement in economies of recipient countries

Text

(a) Consideration of commitment to achieving certain goals (1) 11 So in original. No par. (2) has been enacted. In general The Secretary of the Treasury shall instruct the United States Executive Directors of the international financial institutions (as defined in section 262r(c)(2) of this title) to promote growth in the international economy by taking into account, when considering whether to support or oppose loan proposals at these institutions, the extent to which the recipient government has demonstrated a commitment to achieving the following goals:

(A) to provide accurate and complete data on the annual expenditures and receipts of the armed forces;

(B) to establish good and publicly accountable governance, including an end to excessive military involvement in the economy; and

(C) to make substantial reductions in excessive military spending and forces.

(b) Steps to achieve goals required The Secretary of the Treasury shall instruct the United States Executive Directors of the international financial institutions (as so defined) to promote a policy at each institution under which—

(1) the respective institution monitors closely and, through regular policy consultations with recipient governments, seeks to influence the composition of public expenditure in favor of funding growth and development priorities and away from unproductive expenditure, including excessive military expenditures;

(2) the respective institution supports lending operations which assist efforts of recipient governments to promote good governance, including public participation, and reduce military expenditures; and

(3) the allocation of resources and the extension of credit by the respective institution takes into account the performance of recipient governments in the areas of good governance, ending excessive military involvement in the economy and reducing excessive military expenditures.

(Pub. L. 95118, title XV, § 1502, as added Pub. L. 103306, title V, § 526(d), Aug. 23, 1994, 108 Stat. 1633.)

Notes

Statutory Notes and Related Subsidiaries

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