HR 5474 · 98th Congress · Taxation

Inter-American Investment Corporation Act

Introduced 1984-04-12· Sponsored by Rep. Bereuter, Doug [R-NE-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on International Development Institutions and Finance.(1984-05-01)

Plain Language Summary

[AI summary unavailable — showing source text] Inter-American Investment Corporation Act - Authorizes the President to accept membership for the United States in the Inter-American Investment Corporation. Declares that the Governor and Executive Director of the Inter-American Development Bank and their alternates shall serve as Governor, Director, and Alternates of the Corporation, respectively. Makes the provisions of the Bretton Woods Agreements Act concerning the National Advisory Council on International Monetary and Financial Problems applicable with respect to the Corporation to the same extent as with respect to the International Bank for Reconstruction and Development and the International Monetary Fund. Prohibits, unless authorized by law, the President or any person or agency, on behalf of the United States, from: (1) subscribing to additional shares of stock of the Corporation; (2) voting for or agreeing to any amendment of the agreement which increases the obligations of the United States or which changes the purpose or functions of the Corporation; or (3) making a loan or providing other financing to the Corporation. Directs any Federal Reserve bank which is requested to do so by the Corporation to act as its depos…

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