To amend the Bretton Woods Agreements Act to direct the Secretary of the Treasury to instruct the United States Director of the International Monetary Fund to present to the Fund's Executive Board a proposal to amend the Fund's bylaws to eliminate the Fund's policy of providing de facto tax-free salaries to certain Fund employees.

Amends the Bretton Woods Agreements Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director of the International Monetary Fund (IMF) to present to the IMF's Executive Board, and work for the adoption of, a proposal to amend the IMF's bylaws to disallow it from issuing a tax allowance to the Governors, the Executive Directors, their alternates, the Managing Director, or any other IMF employee.