African Development Bank Act

[AI summary unavailable — showing source text] Title I: International Development Association - Amends the International Development Association Act to authorize the U.S. Governor to pay a specified sum as the U.S. contribution to the sixth replenishment of the Resources of the Association, subject to obtaining the necessary appropriations. Title II: African Development Bank - African Development Bank Act - Authorizes the President to accept membership for the United States in the African Development Bank. Provides for the appointment of a governor and an alternate governor of such Bank. Makes such Bank subject to the National Advisory Council on International Monetary and Financial Problems. Prohibits unauthorized: (1) subscriptions to additional shares in such Bank; (2) agreements increasing U.S. obligations or modifying the purpose of such Bank; or (3) financing for such Bank. Requires any Federal Reserve bank to act as the Bank's depository at the request of such Bank. Specifies the shares of such Bank to which the President is authorized to subscribe. Sets forth venue and jurisdiction provisions for such Bank. Exempts such Bank's obligations from specified limitations on underwriting investment securities and for purposes …