---
kind: "section"
citation: "22 U.S.C. § 282c"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "282c"
heading: "Congressional authorization needed for certain actions"
release: "119-102"
url: "https://uscodex.org/usc/22/282c"
units:
  - "Chapter 7 — International Bureaus, Congresses, Etc."
  - "Subchapter XI — International Finance Corporation"
---

# §282c. Congressional authorization needed for certain actions


Unless Congress by law authorizes such action, neither the President nor any person or agency shall on behalf of the [United States](/usc/22/1395.md?p=a-1) (a) subscribe to additional shares of stock under article II, section 3, of the Articles of [Agreement](/usc/22/2431a.md?p=7) of the [Corporation](/usc/22/7702.md?p=6); (b) accept any amendment under article VII of the Articles of [Agreement](/usc/22/2431a.md?p=7) of the [Corporation](/usc/22/7702.md?p=6); (c) make any loan to the [Corporation](/usc/22/7702.md?p=6). The [United States](/usc/22/1395.md?p=a-1) Governor of the [Corporation](/usc/22/7702.md?p=6) is authorized to agree to an amendment to article III of the articles of [agreement](/usc/22/2431a.md?p=7) of the [Corporation](/usc/22/7702.md?p=6) to authorize the [Corporation](/usc/22/7702.md?p=6) to make investments of its [funds](/usc/22/2431a.md?p=9) in capital stock and to limit the exercise of voting rights by the [Corporation](/usc/22/7702.md?p=6) unless exercise of such rights is deemed necessary by the [Corporation](/usc/22/7702.md?p=6) to protect its interests, as proposed in the resolution submitted by the [Board](/usc/22/2431a.md?p=4) of Directors on February 20, 1961. Unless Congress by law authorizes such action, no governor or alternate representing the [United States](/usc/22/1395.md?p=a-1) shall vote for an increase of capital stock of the [Corporation](/usc/22/7702.md?p=6) under article II, section 2(c)(ii), of the Articles of [Agreement](/usc/22/2431a.md?p=7) of the [Corporation](/usc/22/7702.md?p=6).


## Source credit

(Aug. 11, 1955, ch. 788, § 5, 69 Stat. 669; Pub. L. 87–185, Aug. 30, 1961, 75 Stat. 413.)

## Notes

### Editorial Notes

### Amendments

1961—Pub. L. 87–185 authorized acceptance of an amendment to the articles of agreement of the Corporation to permit investment in capital stock and to limit the exercise of voting rights.