HR 13955 · 94th Congress · Foreign Trade and International Finance

An Act to provide for amendment of the Bretton Woods Agreements Act, and for other purposes.

Introduced 1976-05-21· Sponsored by Rep. Rees, Thomas M. [D-CA-23]· House

Bill Progress

1
Introduced
Committee
House Vote
Senate
Enacted
Latest: Public law 94-564.(1976-10-19)

Recorded Votes

PassedHouse · 1976-07-27
Yea 289Nay 121
PassedHouse · 1976-07-27
Yea 289Nay 121

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Bretton Woods Agreement Act to authorize the United States Governor of the International Monetary Fund to accept spicified amendments to the Articles of Agreement of the Fund and to consent to an increase in the United States quota in the Fund. Redefines certain actions by the President or other person or agency with respect to the International Monetary Fund and the International Bank for Reconstruction and Development which require Congressional approval. Amends the Special Drawing Rights Act to conform to the amendments to the Articles of Agreement of the Fund. Amends the Par Value Modification Act to repeal the authority of the Secretary of the Treasury to establish a new par value of the dollar. Amends the Gold Reserve Act of 1934 to set the legal standard for the value of gold held against gold certificates.…

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

Cosponsors (7)

5 Democrats2 Republicans