Prohibition on use of Exchange Stabilization Fund to bail out Argentina's financial markets

Section 5302(b) of title 31, United States Code, is amended— (1) by inserting (1) after (b); and (2) by adding at the end the following: (2) (A) The fund may not be used to provide direct or indirect financial support to the country of Argentina under paragraph (1), including through the establishment of currency swap lines, the purchase of pesos or sovereign debt of Argentina, or the extension of any credit instrument. (B) Any financial contract or instrument entered into before the date of the enactment of this paragraph that violates subparagraph (A) shall be sold or terminated not later than 7 days after such date of enactment. (C) The prohibition under subparagraph (A) terminates on December 10, 2027..