22 USC 5304 - International negotiations on exchange rate and economic policies

U.S Code last checked for updates: Nov 22, 2024

§ 5304.

International negotiations on exchange rate and economic policies

(a)

Multilateral negotiations

The President shall seek to confer and negotiate with other countries—

(1)

to achieve—

(A)

better coordination of macroeconomic policies of the major industrialized nations; and

(B)

more appropriate and sustainable levels of trade and current account balances, and exchange rates of the dollar and other currencies consistent with such balances; and

(2)

to develop a program for improving existing mechanisms for coordination and improving the functioning of the exchange rate system to provide for long-term exchange rate stability consistent with more appropriate and sustainable current account balances.

(b)

Bilateral negotiations

(Pub. L. 100–418, title III, § 3004, Aug. 23, 1988, 102 Stat. 1373.)

cite as: 22 USC 5304