8/6/2019 1974_Pub. L. 93-374

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PUBLIC LAWi 93-374-AUG. 14, 1974Public L aw 93-373

AN A C T August 14. 1974To provide for increased participation by the United States in the Interilatioiial [ s .2665]Development Association and to permit United States citizens to purchase,hold, sell, or otherwise deal uith gold in the United States or abroad.

B e it enacted b y the Xenate and H ouse of R epresen tatives of theUn ited Sta tes of Anzerica i n Congress assembled, That the Inter- Internationalnational Development Association Act (22 U.S.C. 284 et seq.) is DevelopmentA s s o c l a t l o n .amended by adding at the end thereof the following new section : U.S.p a r t ~ c ~ p a -"SEC.4. (a) The United States Governor is hereby authorized to t';;,;;~,";~;,e.agree on behalf of the United States to pay to the Association four U.S. c l t l z e nannual installmcilts of $375,000,000 each as the United States con- ~~2~;s~;~;";;~.tribution to the Fou rth Replenishment of the Resources of theAssociation."(b) I n order to pay for the United States contribution, there is Appropriation-hereby authorized to be appropriated without fiscal year limitationfour annual installments of $375,000,000 each for payment by theSecretary of the Treasury.".SEC. . Subsections 3 (b) and (c) of Public Law 93-110 (87 Stat. R e pe a l s .352) are repealed and in lieu thereof add the following: 3 1 US C 442"(b) No provision of any law in effect on the date of enactment of not e s .this Act, and no rule, regulation, or order in effect on the date sub-sections ( a ) and (b) become effective may be construed to rohibit anyperson from purchasii~g,holding, selling, or otherwise lealing withgold in the LTnited States or abroad." c) The provisions of subsections (a ) and (b ) of this section shall E f f e c t ~ v e a t e.take effect either on December 31, 1974, or at any time prior to suchdate that the President finds and reports to Congress that international presldent lalmonetary reform shall have proceeded to the point where elimination i:,",":: 'On-of regulations on private ownership of gold will not advcrselg affectthe United States' international monetary position.".SEC.. The International Development Association Act (22 U.S.C. Development of284 et seq.) is amended by inserting at the end thereof the follo.cving nuclear explosived e v l c e s , l o an"SEO. 5. The United States Governor is authorized and directed to restr lc t lons .vote against any l9an or other utilization of th e funds of the Associa- 2 2 284m.tion for the benefit of any country which develops any nuclear explosivedevice, unless the country is or becomes a State Party to the treat^on the Non-Proliferation of Nuclear Weapons (21 UST 483) ?'

Approved August 14, 1974.t 'ublic L aw 93-374

JOINT RESOLUTIONTo amend the Export-Import Bank Act of 1945.

A ugust 14 , 1974[S. J . R e s . 2 29 1

Resolt-ed by the X e m te and House of Representatiwes of the Un itedStates o f America in Congress assembled, Th at section 8 of the Export-Import Rank Act of 1945 is amended by striking out "July 30" and p. 285).inserting in lieu thereof "September 30".Approved August 14, 1974.