22 U.S.C. § 286rr
Approval to sell a limited amount of the Fund’s gold
United States · Title 22 — FOREIGN RELATIONS AND INTERCOURSE · Status: effective
Cite this
- Citation
- 22 U.S.C. § 286rr, Approval to sell a limited amount of the Fund’s gold, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/455481
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Full text
The Secretary of the Treasury is authorized to instruct the United States Executive Director of the Fund to vote to approve the sale of up to 12,965,649 ounces of the Fund’s gold acquired since the second Amendment to the Fund’s Articles of Agreement, only if such sales are consistent with the guidelines agreed to by the Executive Board of the Fund described in the Report of the Managing Director to the International Monetary and Financial Committee on a New Income and Expenditure Framework for the International Monetary Fund (April 9, 2008) to prevent disruption to the world gold market: Provided, That at least 30 days prior to any such vote, the Secretary shall consult with the appropriate congressional committees regarding the use of proceeds from the sale of such gold: Provided further, That the Secretary of the Treasury shall seek to ensure that:
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Supplemental Appropriations Act, 2009