Senate Roll Call 122

98th Congress · 1983-06-08

S. 695: TO TABLE THE ARMSTRONG AMENDMENT TO S.695, EXPRESSING THE SENSE OF THE SENATE THAT THE INTERNATIONAL FINANCIAL SYSTEM IS EXPERIENCING MAJOR DIFFICULTIES, FOR WHICH THE IMF AND ITS ECONOMIC POLICIES ARE PARTLY RESPONSIBLE; THAT, AS A FIRST STEP TOWARD THE RESTORATION OF A STABLE MONETARY SYSTEM, THE UNITED STATES SHOULD HOST AN INTERNATIONAL CONFERENCE ON THE MONETARY SYSTEM AS SUGGESTED BY THE SECRETARY OF THE TREASURY TO INVESTIGATE ITS SYSTEMIC PROBLEMS; THAT IN COPING WITH THE CURRENT FINANCIAL CRISIS AND PRIOR TO ANY QUOTA INCREASE, THE IMF SHOULD MAKE FULL USE OF ITS CURRENT ASSETS, INCLUDING ITS GOLD HOLDINGS; THAT THE IMF SHOULD REVISE THE CONDITIONS PLACED ON ITS LOANS SO AS TO ENCOURAGE ECONOMIC GROWTH; AND THAT ANY ADDITIONAL FINANCIAL RESOURCES MADE AVAILABLE DURING THE CURRENT CRISIS SHOULD BE MADE AVAILABLE ON A TEMPORARY BASIS, PREFERABLY THROUGH BILATERAL ARRANGEMENTS. (MOTION PASSED) (CONTINUED) SEE NOTE(S) 6