Pub. L. 114-113, div. K, tit. IX (as amended)

9001.Section 17 of the Bretton Woods Agreements Act (22 U.S.C. 286e-2) is amended—(1)in subsection (a) by adding at the end the following:(5)The authority to make loans under this section shall expire on December 16, 2022.;(2)in subsection (b), in paragraphs (1) and (2), by inserting before the end period the following: , only to the extent that amounts available for such loans are not rescinded by an Act of Congress;(3)22 U.S.C. 286e-2 noteby adding the following subsection (e), which shall be effective from the first day of the next period of renewal of the NAB decision after enactment of this Act:(e)New Requirement for Activation of the New Arrangements to Borrow(1)The Secretary of the Treasury shall include in the certification and report required by paragraphs (a)(1), (a)(2), (b)(1), and (b)(2) of this section prior to activation an additional certification and report that—(A)the one-year forward commitment capacity of the IMF (excluding borrowed resources) is expected to fall below 100,000,000,000 Special Drawing Rights during the period of the NAB activation; and(B)activation of the NAB is in the United States strategic economic interest with the reasons and analysis for that determination.(2)Prior to submitting any certification and report required by paragraphs (a)(1), (a)(2), (b)(1), and (b)(2) of this section, the Secretary of the Treasury shall consult with the appropriate congressional committees.; and(4)by adding at the end the following:(f)In this section, the term appropriate congressional committees means the Committees on Appropriations and Foreign Relations of the Senate and the Committees on Appropriations and Financial Services of the House of Representatives..