HR 2832 · 98th Congress · Finance and Financial Sector

Multilateral Development Bank Act of 1983

Introduced 1983-04-28· Sponsored by Rep. Patterson, Jerry M. [D-CA-38]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Similar Provisions Contained in H.R.3959.(1983-11-30)

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 certain pending resolutions which provide for increases in the Bank's authorized capital stock and in the resources of the Fund for Special Operations. Authorizes the U.S. Governor of the Bank to subscribe to 427,396 shares of the increase in the authorized capital stock and to contribute $380,000,000 to the Fund for Special Operations. Authorizes appropriations for such purposes. Declares that it is U.S. policy that no actions concerning personnel of the Inter-American, African, or Asian Development Banks shall be based on the political philosophy or activity of the individual involved. Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to additional shares of the Bank's capital stock. Authorizes appropriations for such subscription. Authorizes the U.S. Governor to contribute $520,000,000 on behalf of the United States to the Asian Development Fund. Authorizes appropriations for such contribution. Amends the African Development Fund Act to authorize the U.S. Governor of the Funds to contribute $150,000,000 to the Fund. Authorizes appropri…

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

Cosponsors (8)

6 Democrats2 Republicans