Page 838 — Public Law 111-203 including PTFA amendments

124 STAT. 2212 PUBLIC LAW 111–203—JULY 21, 2010

(e) LIMITATION ON DISTRIBUTION OF ASSISTANCE.—
(1) IN GENERAL.—None of the amounts made available
under this section shall be distributed to—
Election (A) any organization which has been convicted for a
violations. violation under Federal law relating to an election for
Federal office; or
(B) any organization which employs applicable individ-
uals.
(2) DEFINITION OF APPLICABLE INDIVIDUALS.—In this sub-
section, the term ‘‘applicable individual’’ means an individual
who—
(A) is—
(i) employed by the organization in a permanent
or temporary capacity;
(ii) contracted or retained by the organization; or
(iii) acting on behalf of, or with the express or
apparent authority of, the organization; and
(B) has been convicted for a violation under Federal
law relating to an election for Federal office.
(f) AUTHORIZATION OF APPROPRIATIONS.—There are authorized
to be appropriated to the Secretary $35,000,000 for each of fiscal
years 2011 through 2012 for grants under this section.

TITLE XV—MISCELLANEOUS
PROVISIONS

SEC. 1501. RESTRICTIONS ON USE OF UNITED STATES FUNDS FOR
FOREIGN GOVERNMENTS; PROTECTION OF AMERICAN
TAXPAYERS.
The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.)
is amended by adding at the end the following:

22 USC 286tt. ‘‘SEC. 68. RESTRICTIONS ON USE OF UNITED STATES FUNDS FOR FOR-
EIGN GOVERNMENTS; PROTECTION OF AMERICAN TAX-
PAYERS.
‘‘(a) IN GENERAL.—The Secretary of the Treasury shall instruct
the United States Executive Director at the International Monetary
Fund—
‘‘(1) to evaluate, prior to consideration by the Board of
Executive Directors of the Fund , any proposal submitted to
the Board for the Fund to make a loan to a country if—
‘‘(A) the amount of the public debt of the country
exceeds the gross domestic product of the country as of
the most recent year for which such information is avail-
able; and
‘‘(B) the country is not eligible for assistance from
the International Development Association.
‘‘(2) OPPOSITION TO LOANS UNLIKELY TO BE REPAID IN
FULL.—If any such evaluation indicates that the proposed loan
is not likely to be repaid in full, the Secretary of the Treasury
shall instruct the United States Executive Director at the Fund
to use the voice and vote of the United States to oppose the
proposal.

LAWS ‘‘(b) REPORTS TO CONGRESS.—Within 30 days after the Board of Executive Directors of the Fund approves a proposal described in subsection (a), and annually thereafter by June 30, for thePUBLIC with on anorris VerDate Nov 24 2008 04:10 Sep 04, 2010 Jkt 089139 PO 00203 Frm 00838 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203