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§ 284c. Congressional authorization needed for certain actions

Type Statute

Publication 2026-03-26

State In force

Department United States Congress

Source OLRC

articles 2

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§ 284c. 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, (a) subscribe to additional funds under article III, section 1, of the articles; (b) accept any amendment under article IX of the articles; or (c) make a loan or provide other financing to the Association.

(Pub. L. 86–565, § 5, June 30, 1960, 74 Stat. 294.)

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