Withdrawal of funding

(a) In general Until the Secretary of the Treasury, in coordination with the United States Executive Director at the IMF and the Secretary of State, makes the determination described in subsection (b)— (1) neither the President nor any person or agency shall, on behalf of the United States, vote to approve any action by the IMF relating to any CEMAC member state; and (2) the Secretary of the Treasury shall direct the United States Executive Director at the IMF to use the voice and vote of the United States to oppose any proposal to— (A) increase the quota in the IMF for any CEMAC member state; or (B) modify the exceptional access policy of the IMF for any CEMAC member state. (b) Determination The determination referred to in subsection (a) is a determination that the IMF has publicly clarified that any funds provided to BEAC by any international oil company for site rehabilitation are ineligible to count towards the gross foreign exchange reserves of any country. (c) Publication On making the determination described in subsection (b), the Secretary of the Treasury shall publicize the determination and transmit a copy of the determination to the appropriate congressional committees. (d) Report No later than 30 days after the date the determination described in subsection (b) is made, and no later than 180 days after the enactment of this Act if the determination has, by then, not been made, the Secretary of the Treasury shall provide to the appropriate congressional committees a report that details the actions taken by the United States Government at the International Monetary Fund, including those by the United States Executive Director at the IMF, to have the IMF publicly clarify that any funds provided to BEAC by any international oil company for site rehabilitation are ineligible to count towards the gross foreign exchange reserves of a country. (e) Appropriate congressional committees In this section, the term appropriate congressional committees means— (1) the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives; and (2) the Committee on Finance and the Committee on Foreign Relations of the Senate.