An amendment to require the President to report to Congress, within 90 days, the role of the IMF and the U.S. in maintaining "realistic market-related exchange rates with other major currencies and making recommendations as to what can be done to avoid exchange rate manipulation". The Secretary of the Treasury, at the President's instructions is to work toward adoption by the IMF of policies that promote stability of exchange rates and avoid their manipulation. The Secretary is to propose to the IMF a study of how to correct structural imbalances with funds.

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Amendment Number
250
Description
An amendment to require the President to report to Congress, within 90 days, the role of the IMF and the U.S. in maintaining "realistic market-related exchange rates with other major currencies and making recommendations as to what can be done to avoid exchange rate manipulation". The Secretary of the Treasury, at the President's instructions is to work toward adoption by the IMF of policies that promote stability of exchange rates and avoid their manipulation. The Secretary is to propose to the IMF a study of how to correct structural imbalances with funds.
Congress
98
Type
HAMDT
Latest Action Date
Jul 26, 1983
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Jul 26, 1983
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 250 — Informed