|
|
|
U.S. Code as of:
01/19/04
Section 262p-4r. Use of authority of United States Executive Directors
(a) Action by the President
If 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 respective institutions for such
country, or any public or private entity within such country.
(b) Use of voice and vote
The 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 institutions to ensure that no funds are paid
to persons who commit, threaten to commit, or support terrorism.
(c) Definition
For purposes of this section, the term "international financial
institution" means an institution described in section 262r(c)(2)
of this title.
|
|