HCONRES 522 · 94th Congress · Gold

Concurrent resolution expressing the sense of the Congress that any gold to be released from the International Monetary Fund should be offered for restitution at the official price to the member nations of the International Monetary Fund in proportion to their cumulative subscriptions to the International Monetary Fund.

Introduced 1975-12-19· Sponsored by Rep. Rousselot, John H. [R-CA-26]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Currency and Housing.(1975-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of the Congress that the question of the proper role of gold in the International Monetary System and the question of the level of foreign assistance to developing nations are separate issues. States that it is not the function of the Fund to act as a development agency. Provides that it shall be the position of the United States that all gold released by the Fund should be restored at the official price to the member nations of the Fund.…

Summarized by Claude AI · Non-partisan · For informational purposes only