S 1899 · 100th Congress · Foreign Trade and International Finance

Multilateral Investment Guarantee Agency Act

Introduced 1987-11-30· Sponsored by Sen. Evans, Daniel J. [R-WA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Foreign Relations.(1987-11-30)

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 and specifies such amount for FY 1988. 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 and specifies such amount for FY 1988. 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. Specifies the amount that may be appropriated in FY 1988 for paid-in capital. Title IV: Multilateral Investment Guarantee Agency - Multilateral Investment Guarantee Agency Act - …

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