S.1276 - A bill to repeal the authority to provide certain loans to the International Monetary Fund, the increase in the United States quota to the Fund, and certain other related authorities, to rescind related appropriated amounts, and for other purposes.112th Congress (2011-2012)
|Sponsor:||Sen. DeMint, Jim [R-SC] (Introduced 06/23/2011)|
|Latest Action:||Senate - 06/27/2011 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 85. (All Actions)|
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Summary: S.1276 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (06/23/2011)
Amends the Bretton Woods Agreements Act to repeal authority to: (1) provide certain loans to the International Monetary Fund (IMF), including loans related to the New Arrangements to Borrow (NAB); (2) increase the U.S. quota in the IMF; and (3) approve the sale of IMF gold.
Rescinds related appropriations.