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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 6034 United States opposition to Cuban membership in international financial institutions us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 69A CUBAN LIBERTY AND DEMOCRATIC SOLIDARITY (LIBERTAD) 6034 22 U.S.C. § 6034 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/s6034 data/legal/raw/us/code/title-22/usc22.xml 343983387651d1374d48bdd7138c6c5b148b5e048bc1007d08e9f74e0d4f9e6c b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 d6c4bdd4cb8284d57099b059c32f1f77df72923e7e21a30eaa35462c84e1f584 2026-07-04 official
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22 U.S.C. § 6034 - United States opposition to Cuban membership in international financial institutions

Text

(a) Continued opposition to Cuban membership in international financial institutions (1) In general Except as provided in paragraph (2), 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 the admission of Cuba as a member of such institution until the President submits a determination under section 6063(c)(3) of this title that a democratically elected government in Cuba is in power.

(2) Transition government Once the President submits a determination under section 6063(c)(1) of this title that a transition government in Cuba is in power—

(A) the President is encouraged to take steps to support the processing of Cubas application for membership in any international financial institution, subject to the membership taking effect after a democratically elected government in Cuba is in power, and

(B) the Secretary of the Treasury is authorized to instruct the United States executive director of each international financial institution to support loans or other assistance to Cuba only to the extent that such loans or assistance contribute to a stable foundation for a democratically elected government in Cuba.

(b) Reduction in United States payments to international financial institutions If any international financial institution approves a loan or other assistance to the Cuban Government over the opposition of the United States, then the Secretary of the Treasury shall withhold from payment to such institution an amount equal to the amount of the loan or other assistance, with respect to either of the following types of payment:

(1) The paid-in portion of the increase in capital stock of the institution.

(2) The callable portion of the increase in capital stock of the institution.

(c) “International financial institution” defined For purposes of this section, the term “international financial institution” means the International Monetary Fund, the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guaranty Agency, and the Inter-American Development Bank.

(Pub. L. 104114, title I, § 104, Mar. 12, 1996, 110 Stat. 794.)