HR 3750 · 100th Congress · Foreign Trade and International Finance

Multilateral Investment Guarantee Agency Act

Introduced 1987-12-11· Sponsored by Rep. McHugh, Matthew F. [D-NY-28]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on International Development Institutions and Finance.(1987-12-30)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: International Development Association - Amends the International Development Association Act to authorize the U.S. Governor of the International Development Association to agree to pay on behalf of the United States to the Association $2,875,000,000 to the eighth replenishment of the resources of the Association. Authorizes appropriations for such contribution. Title II: Asian Development Fund - Amends the Asian Development Bank Act to authorize the U.S. Governor of the Asian Development Bank to contribute on behalf of the United States $584,280,000 to the Asian Development Fund. Authorizes appropriations for such contribution. Title III: African Development Bank - Amends the African Development Bank Act to authorize the U.S. Governor of the African Development Bank to agree to subscribe on behalf of the U.S. to 59,632 shares of the capital stock of the Bank. Authorizes appropriations of $719,370,633 for such subscription. Title IV: Multilateral Investment Guarantee Agency - Multilateral Investment Guarantee Agency Act - Authorizes the President to accept membership for the United States in the Multilateral Investment Guarantee Agency (Agency) provided for by the Conventio…

Summarized by Claude AI · Non-partisan · For informational purposes only