Use of authority of United States Executive Directors

22 U.S.C. § 262p–4r
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) Action by the PresidentIf the President determines that a particular foreign country has taken or has committed to take actions that contribute to efforts of the United States to respond to, deter, or prevent acts of international terrorism, the Secretary may, consistent with other applicable provisions of law, instruct the United States Executive Director of each international financial institution to use the voice and vote of the Executive Director to support any loan or other utilization of the funds of the respective institutions for such country, or any public or private entity within such country. (b) Use of voice and voteThe Secretary may instruct the United States Executive Director of each international financial institution to aggressively use the voice and vote of the Executive Director to require an auditing of disbursements at such institution to ensure that no funds are paid to persons who commit, threaten to commit, or support terrorism. (c) DefinitionFor purposes of this section, the term “international financial institution” means an institution described in section 262r(c)(2) of this title.

Starting a business? Corpus forms LLCs in all 50 states and DC.

22 U.S.C. § 262p–4r — Use of authority of United States Executive Directors | United States Code | Corpus