Stabilizing exchange rates and arrangements
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Title 31—MONEY AND FINANCE > SUBTITLE IV—MONEY > CHAPTER 53—MONETARY TRANSACTIONS > SUBCHAPTER I—CREDIT AND MONETARY EXPANSION
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The Department of the Treasury has a stabilization fund. The fund is available to carry out this section, section 18 of the Bretton Woods Agreement Act ( 22 U.S.C. 286e–3 ), section 3 of the Special Drawing Rights Act ( 22 U.S.C. 286 o ), and the Coronavirus Economic Stabilization Act of 2020, and for investing in obligations of the United States Government those amounts in the fund the Secretary of the Treasury, with the approval of the President, decides are not required at the time to carry out this section. Proceeds of sales and investments, earnings, and interest shall be paid into the fund and are available to carry out this section. However, the fund is not available to pay administrative expenses.
( Pub. L. 97–258 , Sept. 13, 1982 , 96 Stat. 994 ; Pub. L. 116–136, div. A, title IV, § 4027(b) , Mar. 27, 2020 , 134 Stat. 496 .)
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