HR 2253 · 99th Congress · Finance and Financial Sector

Multilateral Development Bank Act of 1985

Introduced 1985-04-29· Sponsored by Rep. Lundine, Stanley N. [D-NY-34]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.J.Res.465.(1985-06-11)

Plain Language Summary

[AI summary unavailable — showing source text] Multilateral Development Bank Act of 1985 - Title I: Special Facility for Sub-Saharan Africa - Amends the International Development Association Act to direct the Secretary of the Treasury to pay specified amounts to the Special Facility for Sub-Saharan Africa administered by the International Development Association. Authorizes appropriations. Title II: African Development Fund - Amends the African Development Fund Act to authorize the U.S. Governor of the African Development Fund to contribute a specified amount to the Fund. Authorizes appropriations to pay for such contribution. Title III: International Bank for Reconstruction and Development - Amends the Bretton Woods Agreements Act to authorize the U.S. Governor of the International Bank for Reconstruction and Development to vote for an increase in the authorized capital stock of the Bank and to subscribe on behalf of the United States to a specified number of additional shares of such stock. Authorizes appropriations to pay for such shares. Title IV: International Finance Corporation - Amends the International Finance Corporation Act to authorize the U.S. Governor of the International Finance Corporation to vote for an increas…

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

Cosponsors (6)

6 Democrats