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    President Ford Lifts Gold Ban by FDR

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    President Ford Lifts Gold Ban by FDR

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    zicjrurt
    77 views1 page
    gold prohibit lift prohibited public law president act legislation bill congress precious metals commerce

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    gold prohibit lift prohibited public law president act legislation bill congress precious metals commerce

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    77 views1 page

    President Ford Lifts Gold Ban by FDR

    Uploaded by

    zicjrurt
    gold prohibit lift prohibited public law president act legislation bill congress precious metals commerce

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    88 STAT. ] PUBLIC LAW 93-374-AUG.

    14, 1974 445

    Public Law 93-373


    AN A C T August 14, HI74
    To provide for increased participation by the United States in the International [s.2665]
    Development Association and to permit United States citizens to purchase,
    hold, sell, or otherwise deal with gold in the United States or abroad.

    Be it enacted hy the Senate and House of Representatives of the


    United States of America in Congress assembled^ That the Inter- international.
    national Development Association Act (22 U.S.C. 284 et seq.) is Asloilauon!
    amended by adding at the end thereof the following new section: u.s. participa-
    "SEC. 14. (a) The United States Governor is hereby authorized to tion increase.
    1 tK i» 1 TT • T (-< t k • • p Uold commerce,
    agree on behalf of the United States to pay to the Association tour u.s. citizen
    annual installments of $375,000,000 each as the United States con- ^^l2tTc^284i
    tribution to the Fourth Keplenishment of the Resources of the
    Association.
    "(b) I n order to pay for the United States contribution, there is Appropriation.
    hereby authorized to be appropriated without fiscal year limitation
    four annual installments of $375,000,000 each for payment by the
    Secretary of the Treasury.".
    SEC. 2. Subsections 3 (b) and (c) of Public Law 93-110 (87 Stat. Repeals.
    352) are repealed and in lieu thereof add the following: ^^ ^^^ ^^'^
    " ( b ) No provision of any law in effect on the date of enactment of "° ^^'
    this Act, and no rule, regulation, or order in effect on the date sub-
    sections (a) and (b) become effective may be construed to prohibit any
    person from purchasing, holding, selling, or otherwise dealing with
    gold in the United States or abroad.
    "(c) The provisions of subsections (a) and (b) of this section shall Effective date.
    take effect either on December 31, 1974, or at any time prior to such
    date that the President finds and reports to Congress that international report
    ^^residential
    to Con-
    gress.
    monetary reform shall have proceeded to the point where elimination
    of regulations on private ownership of gold will not adversely affect
    the United S t a g s ' international monetary position.".
    SEC. 3. The International Development Association Act (22 U.S.C. Development of
    284 et seq.) is amended by inserting at the end thereof the following: devicesTi^'^an^ "^^
    "SEC. 15. The United States Governor is authorized and directed to restrictions.
    vote against any Ipan or other utilization of the fiuids of the Associa- ^^ ^^^ ^^'*"''
    tion for the benefit of any country which develops any nuclear explosive
    device, unless the country is or becomes a State Party to the Treaty
    on the Non-Proliferation of Nuclear Weapons (21 U S T 483) .'•
    Approved August 14, 1974.

    Public Law 93-374


    JOINT RESOLUTION August 14, 1974
    To amend the Export-Import Bank Act of 1945. [s. j . R e s . 229]

    Resolved hy the Senate and House of Representatives of the United


    States of America in Congress assembled^ That section 8 of the Export-
    Import Bank Act of 1945 is amended by striking out "July 30" and ^"'^' P- ^^^•
    inserting in lieu thereof "September 30".
    Approved August 14, 1974.

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