S. 1276 · 112th Congress
A bill to repeal the authority to provide certain loans to the International Monetary Fund, the increase in the United States quota to the Fund, and certain other related authorities, to rescind related appropriated amounts, and for other purposes.
- Stage
- Introduced
- Sponsor
- Jim DeMint
- Introduced
- 2011-06-23
- Latest action
- 2011-06-27 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 85.
Summary
Amends the Bretton Woods Agreements Act to repeal authority to: (1) provide certain loans to the International Monetary Fund (IMF), including loans related to the New Arrangements to Borrow (NAB); (2) increase the U.S. quota in the IMF; and (3) approve the sale of IMF gold.
Rescinds related appropriations.