HR 3829 · 96th Congress · Foreign Trade and International Finance
A bill to provide for increased participation by the United States in the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund.
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Measure laid on table, S. 662 passed in lieu.(1980-03-06)
Recorded Votes
PassedHouse · 1980-03-06
Yea 219Nay 166
PassedHouse · 1980-03-06
Yea 219Nay 166
Plain Language Summary
[AI summary unavailable — showing source text]
Title I: Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the United States Governor of the Bank to vote for two resolutions increasing: (1) the authorized capital stock of the Bank; and (2) the resources of the Fund for Special Operations. Authorizes the U.S. Governor: (1) to subscribe to 227,896 shares of such increased authorized capital stock; and (2) to contribute $700,000,000 to such Fund. Authorizes appropriations for such purposes. Stipulates that the U.S. contribution shall be by letter of credit in four annual installments. Title II: Asian Development Bank - Amends the Asian Development Bank Act to authorize a United States contribution of $445,000,000 to the Asian Development Fund. Authorizes appropriations for such purpose. Stipulates that the U.S. contribution shall be by letter of credit in four annual installments. Title III: African Development Fund - Amends the African Development Fund Act to authorize a United States contribution of $125,000,000 to the African Development Fund. Authorizes appropriations for such purpose. Stipulates that the U.S. contribution shall be by letter of credit in three annual installments. Tit…
Summarized by Claude AI · Non-partisan · For informational purposes only