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LegalText 22 U.S.C. § 290l8 Congressional consultations us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 290l8 22 U.S.C. § 290l8 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/s290l8 data/legal/raw/us/code/title-22/usc22.xml 517fb10fc5679307af666d926062ef505fe4e4212361f04f8cc66c8223f4b50e b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 dc5da6cf66c33956d522c5ddee4e9887faba6ef17d3c98d6fb770ebbeecb030c 2026-07-04 official
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22 U.S.C. § 290l8 - Congressional consultations

Text

During negotiations on the establishment of operational guidelines for the Bank, the Secretary of the Treasury shall—

(A) consult on a regular and timely basis with the Committee on Banking, Finance and Urban Affairs and the Committee on Appropriations of the House of Representatives, and the Committee on Foreign Relations and the Committee on Appropriations of the Senate;

(B) seek to ensure that procedures and mechanisms are established, including the creation of specific departments or staffs within the Bank, which will allow the Bank to assess the impact of any loans, guarantees, or other activities on the environment and on internationally recognized human rights in borrower countries; and

(C) report, through consultation within 90 days after November 5, 1990, to the Committees specified in subparagraph (A) on the progress of efforts to create such procedures and mechanisms.

(Pub. L. 101513, title V, § 562(c)(11), Nov. 5, 1990, 104 Stat. 2036.)

Notes

Statutory Notes and Related Subsidiaries

Change of Name Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by section 1(a) of Pub. L. 10414, set out as a note preceding section 21 of Title 2, The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.

Goals in Negotiations Concerning Structure, Bylaws, and Operating Procedures of BankPub. L. 101513, title V, § 584, Nov. 5, 1990, 104 Stat. 2046, provided that: “In all negotiations concerning the structure, bylaws, and operating procedures of the European Bank for Reconstruction and Development (EBRD), the Secretary of the Treasury shall vigorously seek— “(1) establishment of procedures for environmental assessment of all proposed operations with potentially significant environmental impacts; “(2) establishment of an environmental unit with sufficient staff to review proposed operations, monitor compliance with environmental provisions, and provide overall policy guidance; “(3) establishment of procedures for systematic consultation with and involvement of the public and interested nongovernmental organizations, including an opportunity for comment by local communities which may be affected by EBRD operations and establishment of a system of public notification and comment during the development of EBRD policies and operating procedures; and “(4) agreement that a significant portion of the EBRDs funds shall be devoted to projects focused on environmental restoration and protection.”