An Act to provide for increased participation by the United States in the International Development Association and to permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad.
Public Law 93-373 · S. 2665 · 93rd Congress · began in the Senate
Signed by Gerald Ford (R) on Aug 14, 1974 · International Affairs
Sponsor: Sen. James Fulbright (D-AR)
Cosponsors (21): Sen. Gale McGee, Sen. George McGovern,
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Authorizes to be appropriated without fiscal year limitation four annual installments of $375,000,000 each for payment by the Secretary of the Treasury to the International Development Association.
Requires the United States vote in the International Development Association to be cast against loans to any countries which do not sign the Nuclear Nonproliferation Treaty.
Repeals the prohibitions on purchasing, holding, selling, or otherwise dealing in gold in the United States or abroad, effective either on December 31, 1974, or at any time prior to such date that the President finds and reports to Congress that private ownership of gold will not adversely affect the U.S. monetary position.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 12 actions.
- Aug 14, 1974Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-373.
- Aug 2, 1974PresidentPresident · Measure presented to President.
- Jul 31, 1974Resolving differencesResolving differences · House agreed to Senate amendments to House amendments.
- Jul 30, 1974Resolving differencesResolving differences · Senate agreed to House amendments with an amendment.
- Jul 25, 1974Resolving differencesResolving differences · Senate agreed to House amendments.
- Jul 2, 1974FloorFloor · Measure passed House, amended, in lieu of H.R. 15465.
- May 30, 1974CommitteeCommittee · Referred to House Financial Services Committee
- May 29, 1974FloorFloor · Measure passed Senate, amended, roll call #218 (55-27).Senate roll call 218
- May 9, 1974CommitteeCommittee · Reported by Senate Foreign Relations Committee
- Nov 7, 1973CommitteeCommittee · Referred to Senate Foreign Relations Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.