---
kind: "section"
citation: "22 U.S.C. § 286aaa"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "286aaa"
heading: "Congressional notification with respect to exceptional access lending"
release: "119-102"
url: "https://uscodex.org/usc/22/286aaa"
units:
  - "Chapter 7 — International Bureaus, Congresses, Etc."
  - "Subchapter XV — International Monetary Fund and Bank for Reconstruction and Development"
---

# §286aaa. Congressional notification with respect to exceptional access lending

- (a) **In general—** The [United States](/usc/22/1395.md?p=a-1) [Executive Director](/usc/22/10601.md?p=5) at the [Fund](/usc/22/2431a.md?p=9) may not support any proposal that would alter the criteria used by the [Fund](/usc/22/2431a.md?p=9) for exceptional access lending if the proposal would permit a country that is ineligible, before the proposed alteration, to receive exceptional access lending, unless, not later than 15 days before consideration of the proposal by the [Board](/usc/22/2431a.md?p=4) of [Executive Directors](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9), the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury has submitted to the Committee on Financial Services of the House of Representatives and the Committee on [Foreign](/usc/22/3146.md?p=1) Relations of the Senate a report on the justification for the proposal and the effects of the proposed alteration on moral hazard and repayment risk at the [Fund](/usc/22/2431a.md?p=9).
- (b) **Waiver—** The [Secretary](/usc/22/277d–43.md?p=5) of the Treasury may reduce the applicable notice period required under [subsection (a)](#a) to not less than 7 days on reporting to the Committee on Financial Services of the House of Representatives and Committee on [Foreign](/usc/22/3146.md?p=1) Relations of the Senate that the reduction is important to the national interest of the [United States](/usc/22/1395.md?p=a-1), with an explanation of the reasons therefor.

## Source credit

(July 31, 1945, ch. 339, § 74, as added Pub. L. 118–47, div. F, title VII, § 7071(d), Mar. 23, 2024, 138 Stat. 852.)

## Notes

### Repeal of Section

Pub. L. 118–47, div. F, title VII, § 7071(d)(2), Mar. 23, 2024, 138 Stat. 852, provided that, effective on the date that is 10 years after Mar. 23, 2024, this section is repealed.

### Statutory Notes and Related Subsidiaries

### Effective Date of Repeal

Pub. L. 118–47, div. F, title VII, § 7071(d)(2), Mar. 23, 2024, 138 Stat. 852, provided that the repeal of this section is effective on the date that is 10 years after Mar. 23, 2024.