HR 2496 · 101th Congress · International Affairs

To provide for participation by the United States in a capital increase of the Inter-American Development Bank, and for other purposes.

Introduced 1989-05-25· Sponsored by Del. Fauntroy, Walter E. [D-DC-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.2494.(1989-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for resolutions which: (1) were transmitted by the Board of Executive Directors to the Governors by resolution of April 19, 1989; (2) are pending before the Board of Governors of the Bank; and (3) provide for increases in the authorized capital stock of the Bank and resources of the Fund for Special Operations. Permits the Governor, upon adoption of such resolutions, to subscribe to a certain number of shares of the increase in capital stock and contribute a certain amount to the Fund. Authorizes appropriations to pay for such increases.…

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

Cosponsors (1)

1 Republican