--- kind: "section" citation: "22 U.S.C. § 286a" title: "22" title_heading: "Foreign Relations and Intercourse" number: "286a" heading: "Appointments" release: "119-102" url: "https://uscodex.org/usc/22/286a" units: - "Chapter 7 — International Bureaus, Congresses, Etc." - "Subchapter XV — International Monetary Fund and Bank for Reconstruction and Development" --- # §286a. Appointments - (a) **Governors and executive directors; term of office—** The President, by and with the advice and consent of the Senate, shall appoint a governor of the [Fund](/usc/22/2431a.md?p=9) who shall also serve as a governor of the Bank, and an [executive director](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9) and an [executive director](/usc/22/10601.md?p=5) of the Bank. The [executive directors](/usc/22/10601.md?p=5) so appointed shall also serve as provisional [executive directors](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9) and the Bank for the purposes of the respective Articles of [Agreement](/usc/22/2431a.md?p=7). The term of [office](/usc/22/2214a.md?p=9) for the governor of the [Fund](/usc/22/2431a.md?p=9) and of the Bank shall be five years. The term of [office](/usc/22/2214a.md?p=9) for the [executive directors](/usc/22/10601.md?p=5) shall be two years, but the [executive directors](/usc/22/10601.md?p=5) shall remain in [office](/usc/22/2214a.md?p=9) until their successors have been appointed. - (b) **Alternates; term of office—** The President, by and with the advice and consent of the Senate, shall appoint an alternate for the governor of the [Fund](/usc/22/2431a.md?p=9) and an alternate for the governor of the Bank. The President, by and with the advice and consent of the Senate, shall appoint an alternate for each of the [executive directors](/usc/22/10601.md?p=5). The alternate for each [executive director](/usc/22/10601.md?p=5) shall be appointed from among individuals recommended to the President by the [executive director](/usc/22/10601.md?p=5). The terms of [office](/usc/22/2214a.md?p=9) for alternates for the governor and the [executive directors](/usc/22/10601.md?p=5) shall be the same as the terms specified in [subsection (a)](#a) for the governor and [executive directors](/usc/22/10601.md?p=5). - (c) **Governor to serve as councillor; alternates and associates—** Should the provisions of Schedule D of the Articles of [Agreement](/usc/22/2431a.md?p=7) of the [Fund](/usc/22/2431a.md?p=9) apply, the Governor of the [Fund](/usc/22/2431a.md?p=9) shall also serve as councillor, shall designate an alternate for the councillor, and may designate associates. - (d) **Compensation for services—** - (1) No person shall be entitled to receive any salary or other compensation from the [United States](/usc/22/1395.md?p=a-1) for services as a Governor, [executive director](/usc/22/10601.md?p=5), councillor, alternate, or associate. - (2) The [United States](/usc/22/1395.md?p=a-1) [executive director](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9) shall not be compensated by the [Fund](/usc/22/2431a.md?p=9) at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under [section 5315 of title 5](/usc/5/5315.md). The [United States](/usc/22/1395.md?p=a-1) alternate [executive director](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9) shall not be compensated by the [Fund](/usc/22/2431a.md?p=9) at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under [section 5316 of title 5](/usc/5/5316.md). - (3) The [Secretary](/usc/22/277d–43.md?p=5) of the Treasury shall instruct the [United States](/usc/22/1395.md?p=a-1) [executive director](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9) to present to the [Fund](/usc/22/2431a.md?p=9)’s Executive [Board](/usc/22/2431a.md?p=4) a comprehensive set of proposals, consistent with maintaining high levels of competence of [Fund](/usc/22/2431a.md?p=9) personnel and consistent with the Articles of [Agreement](/usc/22/2431a.md?p=7), with the objective of assuring that salaries and other compensation accorded [Fund](/usc/22/2431a.md?p=9) [employees](/usc/22/4341.md?p=1) do not exceed those received by persons filling similar levels of responsibility within national government service or private industry. The [Secretary](/usc/22/277d–43.md?p=5) shall report these proposals together with any measures adopted by the [Fund](/usc/22/2431a.md?p=9)’s Executive [Board](/usc/22/2431a.md?p=4) to the Congress prior to February 1, 1979. ## Source credit (July 31, 1945, ch. 339, § 3, 59 Stat. 512; Pub. L. 93–94, Aug. 15, 1973, 87 Stat. 314; Pub. L. 94–564, § 2, Oct. 19, 1976, 90 Stat. 2660; Pub. L. 95–435, § 2, Oct. 10, 1978, 92 Stat. 1051.) ## Notes ### Editorial Notes ### Amendments 1978—Subsec. (d). Pub. L. 95–435 designated existing provisions as par. (1) and added pars. (2) and (3). 1976—Subsec. (c). Pub. L. 94–564, § 2(1), amended subsec. (c) generally to provide that the Governor serve as councillor and designate an alternate and associates. Former provisions relating to compensation were included in subsec. (d). Subsec. (d). Pub. L. 94–564, § 2(2), added subsec. (d). 1973—Subsec. (b). Pub. L. 93–94 substituted “and an alternate for the governor of the Bank” for “who shall also serve as alternate for the governor of the Bank”. ### Statutory Notes and Related Subsidiaries ### Effective Date of 1976 Amendment Pub. L. 94–564, § 9, Oct. 19, 1976, 90 Stat. 2661, provided that: “The amendments made by sections 2, 3, 4, 5, 6, and 7 of this Act [amending this section, sections 286c, 286e–2, 286o, 286q, and 286r of this title, and section 822a of former Title 31, Money and Finance] shall become effective upon the entry into force of the amendments to the Articles of Agreement of the International Monetary Fund approved in Resolution Numbered 31–4 of the Board of Governors of the Fund.” Such amendments entered into force Apr. 1, 1978. ### Levels of Fund Salaries and Minimization of Travel Costs Pub. L. 96–389, § 9, Oct. 7, 1980, 94 Stat. 1554, provided that: “The United States Executive Director to the Fund shall seek to insure (a) that Fund salaries do not exceed those levels endorsed by the Fund Bank Joint Committee on Staff Compensation Issues; and (b) that travel costs are minimized by limiting first class and supersonic travel to instances where no reasonable alternative exists.”