Pub. L. 112-74, div. I, tit. VII (as amended)

Pub. L. 112-74, div. I, tit. VII (as amended)

Year: 2026Length: 987 wordsOfficial source
7081.(a)International Bank for Reconstruction and Development.—The Bretton Woods Agreements Act, as amended (22 U.S.C. 286 et seq.), is further amended by adding at the end thereof the following new sections:69.22 U.S.C. 286uuACCEPTANCE OF AN AMENDMENT TO THE ARTICLES OF AGREEMENT OF THE BANK TO INCREASE BASIC VOTESThe United States Governor of the Bank may accept on behalf of the United States the amendment to the Articles of Agreement of the Bank as proposed in resolution No. 596, entitled Enhancing Voice and Participation of Developing and Transition Countries, of the Board of Governors of the Bank that was approved by such Board on January 30, 2009.70.22 U.S.C. 286vvCAPITAL STOCK INCREASES(a)Increases Authorized.The United States Governor of the Bank is authorized—(1)(A)to vote in favor of a resolution to increase the capital stock of the Bank on a selective basis by 230,374 shares; and(B)to subscribe on behalf of the United States to 38,459 additional shares of the capital stock of the Bank, as part of the selective increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts;(2)(A)to vote in favor of a resolution to increase the capital stock of the Bank on a general basis by 484,102 shares; and(B)to subscribe on behalf of the United States to 81,074 additional shares of the capital stock of the Bank, as part of the general increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.(b)Limitations on Authorization of Appropriations.(1)In order to pay for the increase in the United States subscription to the Bank under subsection (a)(2)(B), there are authorized to be appropriated, without fiscal year limitation, $9,780,361,991 for payment by the Secretary of the Treasury.(2)Of the amount authorized to be appropriated under paragraph (2)(A)—(A)$586,821,720 shall be for paid in shares of the Bank; and(B)$9,193,540,271 shall be for callable shares of the Bank..(b)International Finance Corporation.—The International Finance Corporation Act, Public Law 84-350, as amended (22 U.S.C. 282 et seq.), is further amended by adding at the end thereof the following new section:17.22 U.S.C. 282oSELECTIVE CAPITAL INCREASE AND AMENDMENT OF THE ARTICLES OF AGREEMENT(a)Vote Authorized.The United States Governor of the Corporation is authorized to vote in favor of a resolution to increase the capital stock of the Corporation by $130,000,000.(b)Amendment of the Articles of Agreement.The United States Governor of the Corporation is authorized to agree to and accept an amendment to Article IV, Section 3(a) of the Articles of Agreement of the Corporation that achieves an increase in basic votes to 5.55 percent of total votes..(c)Inter-American Development Bank.—The Inter-American Development Bank Act, Public Law 86-147, as amended (22 U.S.C. 283 et seq.), is further amended by adding at the end thereof the following new section:41.22 U.S.C. 283z-13NINTH CAPITAL INCREASE(a)Vote Authorized.The United States Governor of the Bank is authorized to vote in favor of a resolution to increase the capital stock of the Bank by $70,000,000,000 as described in Resolution AG-7/10, Report on the Ninth General Capital Increase in the resources of the Inter-American Development Bank as approved by Governors on July 21, 2010.(b)Subscription Authorized.(1)The United States Governor of the Bank may subscribe on behalf of the United States to 1,741,135 additional shares of the capital stock of the Bank.(2)Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.(c)Limitations on Authorization of Appropriations.(1)In order to pay for the increase in the United States subscription to the Bank under subsection (b), there are authorized to be appropriated, without fiscal year limitation, $21,004,064,337 for payment by the Secretary of the Treasury.(2)Of the amount authorized to be appropriated under paragraph (1)—(A)$510,090,175 shall be for paid in shares of the Bank; and(B)$20,493,974,162 shall be for callable shares of the Bank..(d)African Development Bank.—The African Development Bank Act, Public Law 97-35, as amended (22 U.S.C. 290i et seq.), is further amended by adding at the end thereof the following new section:1344.22 U.S.C. 290i-11SIXTH CAPITAL INCREASE(a)Subscription Authorized.(1)The United States Governor of the Bank may subscribe on behalf of the United States to 289,391 additional shares of the capital stock of the Bank.(2)Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.(b)Limitations on Authorization of Appropriations.(1)In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $4,322,228,221 for payment by the Secretary of the Treasury.(2)Of the amount authorized to be appropriated under paragraph (1)—(A)$259,341,759 shall be for paid in shares of the Bank; and(B)$4,062,886,462 shall be for callable shares of the Bank..(e)22 U.S.C. 290l-9European Bank for Reconstruction and Development.—The European Bank for Reconstruction and Development Act, Section 562(c) of Public Law 101-513, as amended (22 U.S.C. 290l et seq.), is further amended by adding at the end thereof the following new paragraph:(12)Capital increase.(A)Subscription authorized.(i)The United States Governor of the Bank may subscribe on behalf of the United States up to 90,044 additional callable shares of the capital stock of the Bank in accordance with Resolution No. 128 as adopted by the Board of Governors of the Bank on May 14, 2010.(ii)Any subscription by the United States to additional capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.(B)Limitations on authorization of appropriations.In order to pay for the increase in the United States subscription to the Bank under subsection (A), there are authorized to be appropriated, without fiscal year limitation, up to $1,252,331,952 for payment by the Secretary of the Treasury..
Public laws referenced
84-35086-14797-35101-513
Pub. L. 112-74, div. I, tit. VII (as amended) | Justis AI