If these criteria are not met. the legislation directs the Secretary of the Treasury to instruct the United States Executive Directors of the various International Development Banks to use the voice and vote of the United States to oppose the lending institution from providing the funds to the nations requesting economic aid which do not satisfy the procurement reforms criteria. This Act has two important exceptions. First. it does not apply to assistance to meet urgent humanitarian needs such as providing food. medicine. disaster. and refugee relief. Second. it also permits the President to waive the funding restrictions with respect to a particular country if making such funds available is important to the national security interest of the United States. Independent thirdparty procurement monitoring is a system where an independent thirdparty conducts a program to eliminate bias. to promote transparency and open competition. and to minimize fraud and corruption. waste and inefficiency and other misuse of funds in international procurements.