HR 4842 · 95th Congress · Foreign Trade and International Finance

A bill to provide for increased participation by the United States in the International Bank for Reconstruction and Development, the International Finance Corporation, the Asian Development Bank and the Asian Development Fund.

Introduced 1977-03-10· Sponsored by Rep. Reuss, Henry S. [D-WI-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1977-03-10)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: International Bank for Reconstruction and Development - Amends the Bretton Woods Agreements Act to authorize the Governor of the International Bank for Reconstruction and Development to vote for an increase of 70,000 shares in the authorized capital stock of the Bank and to subscribe on behalf of the United States to 13,005 additional shares if such increase becomes effective and if the amount required has been appropriated. Title II: International Finance Corporation - Amends the International Finance Corporation Act to authorize the Governor of the International Finance Corporation to vote for an increase of 540,000 shares in the authorized capital stock of the Corporation and to subscribe on behalf of the United States to 111,493 additional shares if such increase becomes effective and if the amount required has been appropriated. Title III: International Development Association - Amends the International Development Association Act to authorize the United States Government to agree on behalf of the United States to pay to the Association $2,400,000,000 as the United States contribution to the fifth replenishment of the Resources of the Association, subject to obtaining…

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