A bill to amend the Bretton Woods Agreement Act to authorize the United States to participate in the Supplementary Financing Facility of the International Monetary Fund.
Public Law 95-435 · H.R. 9214 · 95th Congress · began in the House
Signed by Jimmy Carter (D) on Oct 10, 1978 · Foreign Trade and International Finance
Sponsor: Rep. Stephen Neal (D-NC-5)
Cosponsors: None
Passage votesYeaNay
- HouseRecorded vote: 238 yea, 138 nay238–138
- 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.
Amends the Bretton Woods Agreements Act to authorize the Secretary of the Treasury to make resources available to the International Monetary Fund (IMF) in an amount not greater than 1,450 million Special Drawing Rights for United States participation in the Supplementary Financing Facility.
Requires the use of the Exchange Stabilization Fund to cover any loss or receive any gain in the United States monetary assets arising from such participation in the facility and fluctuation in the dollar value. Limits the authority of the Secretary to enter into agreements making resources available for United States participation in the Facility to such amounts appropriated in advance. Authorizes appropriations not to exceed an equivalent of 1,450 million Special Drawing Rights, effective October 1, 1978, to the Secretary for such participation.
Stipulates that compensation to the United States executive director to the Fund shall be at a rate not in excess of that provided for level IV of the Executive Schedule, and compensation to the United States alternative executive director to the Fund shall be at a rate not in excess of that provided for level V of the Executive Schedule.
States that the Secretary of the Treasury shall instruct the United States executive director to the Fund to present to the Fund's Executive Board a comprehensive set of salary reform proposals to assure that salaries of fund employees are comparable to salaries in national government service or private industry.
Directs the Secretary to instruct the United States Executive Director of the IMF to: (1) seek to assure that no decision by the IMF of the use of the Supplementary Financing Facility undermines or departs from the United States policy regarding the comparability of treatment of public and private creditors in cases of debt rescheduling where official United States credits are indirect; and (2) to initiate a wide consultation with the managing director of the Fund and other member country executive directors with regard to encouraging the staff of the Fund to formulate stabilization programs entered into pursuant to loans from the Supplementary Financing Facility which, to the maximum feasible extent, foster a broader base of productive investment and employment, especially in those productive activities which are designed to meet basic human needs.
Requires the United States Governor of the Fund to report annually to Congress, evaluating, with respect to countries to which loans are made by the Supplementary Financing Facility, the effects of policies of such countries which result from the standby agreements on basic human needs in such countries.
Directs the Secretary, in consultation with the Secretary of State, to report annually to the Congress on the status of internationally recognized human rights in each country which draws on funds made available under the Facility of the IMF.
Expresses the sense of Congress that the United States Government should disassociate itself from any foreign government which engages in the international crime of genocide. Prohibits any corporation, institution, group, or individual from importing into the United States or its territories and possessions any article grown, produced, or manufactured in Uganda. Amends the Export Administration Act of 1969 to prohibit the exportation to Uganda of any article, supply, and technical data and information (other than grains or food products) by any person subject to the jurisdiction of the United States, until the President determines and certifies to Congress that the Government of Uganda is no longer committing a consistent pattern of gross violations of human rights. Directs the President to encourage international support of such restrictions.
Requires the Secretary to instruct the Executive Director of the United States to the IMF to work in opposition to the extension of financial or technical assistance by the Facility or agency thereof to any country which permits entry into such country or encourages, supports, or harbors any person who has committed an act of international terrorism or fails to prevent any such person from committing such an act outside its territory.
States that beginning with fiscal year 1981, the total budget outlays of the Federal Government shall not exceed its receipts.
Who voted for it
Every House member of the 95th Congress on the ideology compass. Highlighted: the 251 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.
251 yea151 nay30 present or did not vote
Democrats who voted yea(177)
- Rep. Parren MitchellD-MD-7
- Rep. Louis StokesD-OH-21
- Rep. Anthony BeilensonD-CA-23
Rep. Charlie RangelD-NY-19- Rep. James CormanD-CA-21
- Rep. Gus HawkinsD-CA-29
- Rep. Richard BollingD-MO-5
- Rep. Shirley ChisholmD-NY-12
- Rep. Benjamin RosenthalD-NY-8
- Rep. Jonathan BinghamD-NY-22
- Rep. John McFallD-CA-14
- Rep. Frank ThompsonD-NJ-4
- Rep. George BrownD-CA-36
- Rep. Cardiss CollinsD-IL-7
- Rep. Lloyd MeedsD-WA-2
- Rep. George DanielsonD-CA-30
Rep. James OberstarD-MN-8- Rep. Daniel RostenkowskiD-IL-8
- Rep. Charles DiggsD-MI-13
- Rep. William BurlisonD-MO-10
- Rep. Paul SimonD-IL-24
- Rep. William FordD-MI-15
- Rep. Robert KastenmeierD-WI-2
- Rep. Barbara JordanD-TX-18
- Rep. Robert EckhardtD-TX-8
- Rep. John BrademasD-IN-3
- Rep. Stephen SolarzD-NY-13
- Rep. Charles PriceD-IL-23
- Rep. Edward PattenD-NJ-15
- Rep. James HowardD-NJ-3
- Rep. Harold JohnsonD-CA-1
- Rep. Charles WilsonD-CA-31
Rep. Daniel AkakaD-HI-2- Rep. James WrightD-TX-12
- Rep. Michael HarringtonD-MA-6
- Rep. Dante FascellD-FL-15
Rep. John DingellD-MI-16- Rep. William BrodheadD-MI-17
- Rep. Henry ReussD-WI-5
- Rep. Norman MinetaD-CA-13
Rep. Dave ObeyD-WI-7- Rep. James ScheuerD-NY-11
- Rep. Donald FraserD-MN-5
- Rep. Ozzie MyersD-PA-1
- Rep. William MoorheadD-PA-14
- Rep. Bruce VentoD-MN-4
- Rep. Daniel FloodD-PA-11
- Rep. Claude PepperD-FL-14
- Rep. John FaryD-IL-5
- Rep. Joseph AddabboD-NY-7
- Rep. Charles CarneyD-OH-19
- Rep. Robert LeggettD-CA-4
- Rep. Clement ZablockiD-WI-4
- Rep. John MurphyD-NY-17
- Rep. Albert UllmanD-OR-2
- Rep. Sidney YatesD-IL-9
- Rep. Raymond LedererD-PA-3
- Rep. Alvin BaldusD-WI-3
- Rep. Robert DuncanD-OR-3
- Rep. Jerry PattersonD-CA-38
- Rep. James BurkeD-MA-11
- Rep. Lionel Van DeerlinD-CA-42
- Rep. Morris UdallD-AZ-2
- Rep. Joseph LeFanteD-NJ-14
- Rep. Frank EvansD-CO-3
- Rep. Carl PerkinsD-KY-7
- Rep. Frederick RooneyD-PA-15
- Rep. Frank AnnunzioD-IL-11
- Rep. Richard OttingerD-NY-24
- Rep. Helen MeynerD-NJ-13
- Rep. Gerry StuddsD-MA-12
- Rep. Thomas AshleyD-OH-9
- Rep. John MoakleyD-MA-9
- Rep. Bill AlexanderD-AR-1
- Rep. Fernand St. GermainD-RI-1
- Rep. Leslie AspinD-WI-1
- Rep. Morgan MurphyD-IL-2
- Rep. Robert GiaimoD-CT-3
- Rep. Lucien NedziD-MI-14
Rep. John MurthaD-PA-12
Rep. Nick RahallD-WV-4- Rep. Don BonkerD-WA-3
- Rep. William LehmanD-FL-13
- Rep. Edward BeardD-RI-2
- Rep. Thomas SteedD-OK-4
- Rep. Jack BrooksD-TX-9
- Rep. Thomas DowneyD-NY-2
- Rep. Charles VanikD-OH-22
- Rep. Charles RoseD-NC-7
- Rep. Bernice SiskD-CA-15
- Rep. Gillis LongD-LA-8
- Rep. Lindy BoggsD-LA-2
- Rep. Neal SmithD-IA-4
Rep. Norm DicksD-WA-6- Rep. James DelaneyD-NY-9
- Rep. Thomas FoleyD-WA-5
- Rep. Leo RyanD-CA-11
- Rep. Ray ThorntonD-AR-4
- Rep. James TuckerD-AR-2
- Rep. William CotterD-CT-1
- Rep. Edward PattisonD-NY-29
- Rep. James BlanchardD-MI-18
- Rep. Stanley LundineD-NY-39
- Rep. Edward BolandD-MA-2
- Rep. Lunsford PreyerD-NC-6
- Rep. John SlackD-WV-3
- Rep. Robert MollohanD-WV-1
Rep. Dale KildeeD-MI-7- Rep. Robert CornellD-WI-8
- Rep. William NatcherD-KY-2
- Rep. Cecil HeftelD-HI-1
- Rep. Matthew McHughD-NY-27
- Rep. Donald PeaseD-OH-13
- Rep. Charles WilsonD-TX-2
- Rep. Robert RoeD-NJ-8
- Rep. Robert YoungD-MO-2
- Rep. Herbert HarrisD-VA-8
- Rep. Gladys SpellmanD-MD-5
- Rep. Mario BiaggiD-NY-10
- Rep. Mark HannafordD-CA-34
- Rep. James HanleyD-NY-32
- Rep. Joseph FisherD-VA-10
- Rep. Koln McKayD-UT-1
- Rep. Michael BlouinD-IA-2
- Rep. Jerome TraxlerD-MI-8
- Rep. Glenn AndersonD-CA-32
- Rep. Leo ZeferettiD-NY-15
- Rep. Butler DerrickD-SC-3
- Rep. Lester WolffD-NY-6
- Rep. Joseph MinishD-NJ-11
- Rep. Timothy WirthD-CO-2
- Rep. Dick GephardtD-MO-3
- Rep. James LloydD-CA-35
- Rep. John LaFalceD-NY-36
Rep. Max BaucusD-MT-1- Rep. Lee HamiltonD-IN-9
- Rep. Bo GinnD-GA-1
- Rep. George MahonD-TX-19
- Rep. John BreckinridgeD-KY-6
- Rep. Walter JonesD-NC-1
- Rep. John CavanaughD-NE-2
- Rep. Ronnie FlippoD-AL-5
- Rep. Clarence LongD-MD-2
- Rep. Jake PickleD-TX-10
Rep. Ike SkeltonD-MO-4- Rep. Wyche FowlerD-GA-5
- Rep. Martha KeysD-KS-2
- Rep. Romano MazzoliD-KY-3
- Rep. Jerome AmbroD-NY-3
- Rep. Samuel StrattonD-NY-28
- Rep. Jack HightowerD-TX-13
- Rep. James MattoxD-TX-5
- Rep. Abraham KazenD-TX-23
- Rep. Peter KostmayerD-PA-8
- Rep. Les AuCoinD-OR-1
- Rep. Philip SharpD-IN-10
- Rep. Gus YatronD-PA-6
- Rep. Ike AndrewsD-NC-4
- Rep. Bill HefnerD-NC-8
- Rep. Carroll HubbardD-KY-1
- Rep. Robert SikesD-FL-1
- Rep. Robert KruegerD-TX-21
- Rep. James MannD-SC-4
- Rep. Allen ErtelD-PA-17
- Rep. Druie BarnardD-GA-10
- Rep. Richard WhiteD-TX-16
- Rep. William HughesD-NJ-2
- Rep. Thomas LukenD-OH-2
- Rep. Stephen NealD-NC-5
- Rep. Sam GibbonsD-FL-7
- Rep. Elliott LevitasD-GA-4
- Rep. William ChappellD-FL-4
- Rep. Daniel GlickmanD-KS-4
- Rep. John BreauxD-LA-7
- Rep. Dale MilfordD-TX-24
- Rep. Joseph WaggonnerD-LA-4
- Rep. Andrew JacobsD-IN-11
Republicans who voted yea(74)
- Rep. Charles WhalenR-OH-3
- Rep. Bill GreenR-NY-18
- Rep. Silvio ConteR-MA-1
- Rep. Pete McCloskeyR-CA-12
- Rep. Stewart McKinneyR-CT-4
- Rep. Frank HortonR-NY-34
- Rep. Matthew RinaldoR-NJ-12
- Rep. Harold HollenbeckR-NJ-9
- Rep. Margaret HecklerR-MA-10
- Rep. Joseph McDadeR-PA-10
- Rep. Marc MarksR-PA-24
- Rep. Tim CarterR-KY-5
- Rep. Donald MitchellR-NY-31
- Rep. William WalshR-NY-33
- Rep. Millicent FenwickR-NJ-5
- Rep. Thomas RailsbackR-IL-19
- Rep. Edward MadiganR-IL-21
- Rep. Joe SkubitzR-KS-5
- Rep. Mark AndrewsR-ND
- Rep. John AndersonR-IL-16
- Rep. Joel PritchardR-WA-1
- Rep. Jack EdwardsR-AL-1
- Rep. Jim JohnsonR-CO-4
- Rep. Jim JeffordsR-VT
- Rep. Hamilton FishR-NY-25
- Rep. William CohenR-ME-2
- Rep. John StantonR-OH-11
- Rep. Paul FindleyR-IL-20
- Rep. Ronald SarasinR-CT-5
- Rep. Elwood HillisR-IN-5
- Rep. Harold SawyerR-MI-5
- Rep. Philip RuppeR-MI-11
- Rep. Elford CederbergR-MI-10
Rep. Ralph RegulaR-OH-16- Rep. George O’BrienR-IL-17
- Rep. Thomas EvansR-DE
- Rep. Jim LeachR-IA-1
- Rep. John RhodesR-AZ-1
- Rep. Robert McEwenR-NY-30
- Rep. Chalmers WylieR-OH-15
- Rep. William MooreR-LA-6
- Rep. Tennyson GuyerR-OH-4
- Rep. Guy Vander JagtR-MI-9
- Rep. Norman LentR-NY-4
- Rep. Herbert BurkeR-FL-12
- Rep. Virginia SmithR-NE-3
- Rep. Larry WinnR-KS-3
- Rep. Edward DerwinskiR-IL-4
- Rep. Keith SebeliusR-KS-1
- Rep. Henry HydeR-IL-6
- Rep. Robert McCloryR-IL-13
- Rep. Marion SnyderR-KY-4
- Rep. Willis GradisonR-OH-1
- Rep. William BroomfieldR-MI-19
- Rep. Thomas HagedornR-MN-2
- Rep. Charles WigginsR-CA-39
- Rep. William FrenzelR-MN-3
- Rep. John ErlenbornR-IL-14
- Rep. James BroyhillR-NC-10
- Rep. Arlan StangelandR-MN-7
- Rep. David TreenR-LA-3
- Rep. Gary MyersR-PA-25
- Rep. Garry BrownR-MI-3
- Rep. Robert MichelR-IL-18
Rep. W. Bill YoungR-FL-6- Rep. Clarence BrownR-OH-7
Rep. Chuck GrassleyR-IA-3- Rep. John WydlerR-NY-5
- Rep. William SteigerR-WI-6
- Rep. Barber ConableR-NY-35
- Rep. Edwin ForsytheR-NJ-6
- Rep. David StockmanR-MI-4
- Rep. Thomas KindnessR-OH-8
- Rep. Dan QuayleR-IN-4
Data notes
The House’s recorded vote on the final version of the law (roll call 1457 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.
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. 19 actions.
- Oct 10, 1978Became lawBecame law · Signed by President.
- PresidentPresident · Public Law 95-435.
- Sep 29, 1978PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- PresidentPresident · Measure enrolled in House.
- Sep 28, 1978Resolving differencesResolving differences · House agreed to conference report, roll call #851 (238-138).House roll call 851
- Resolving differencesResolving differences · Conference report agreed to in House: House agreed to conference report, roll call #851 (238-138).House roll call 851
- Sep 25, 1978Resolving differencesResolving differences · Senate agreed to conference report.
- Resolving differencesResolving differences · Conference report agreed to in Senate: Senate agreed to conference report.
- Sep 22, 1978Resolving differencesResolving differences · Conference report filed in House, H. Rept. 95-1613.
- Resolving differencesResolving differences · Conference report filed: Conference report filed in House, H. Rept. 95-1613.
- Sep 19, 1978Resolving differencesResolving differences · Conference scheduled in Senate.
- Sep 14, 1978Resolving differencesResolving differences · Motion to instruct House conferees passed House, roll call #778 (286-91).House roll call 778
- Resolving differencesResolving differences · Conference scheduled in House.
- Jul 31, 1978FloorFloor · Measure passed Senate, amended, in lieu of S. 2152, roll call #271 (69-16).Senate roll call 271
- Feb 23, 1978FloorFloor · Measure passed House, amended, roll call #77 (267-125).House roll call 77
- Jan 27, 1978CommitteeCommittee · Reported by House Financial Services Committee
- Sep 20, 1977CommitteeCommittee · Referred to House Financial Services Committee
- IntroducedIntroduced · Introduced in the House
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.