22 U.S.C. § 283bb — Governor, Director, and alternates

Page 154 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283z–13 1 So in original. No subsec. (b) has been enacted. § 283z–13. Ninth Capital Increase (a) Vote authorized The United States Governor of the Bank is au- thorized to vote in favor of a resolution to in- crease 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 Develop- ment 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 appropria- tions (1) In order to pay for the increase in the United States subscription to the Bank under subsection (b), there are authorized to be appro- priated, without fiscal year limitation, $21,004,064,337 for payment by the Secretary of the Treasury. (2) Of the amount authorized to be appro- priated 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. (Pub. L. 86–147, § 41, as added Pub. L. 112–74, div. I, title VII, § 7081(c), Dec. 23, 2011, 125 Stat. 1260.) SUBCHAPTER XII–A—INTER-AMERICAN INVESTMENT CORPORATION § 283aa. Acceptance of membership The President is hereby authorized to accept membership for the United States in the Inter- American Investment Corporation (hereinafter in this subchapter referred to as the ‘‘Corpora- tion’’) provided for by the agreement estab- lishing the Corporation (hereinafter in this sub- chapter referred to as the ‘‘agreement’’) depos- ited in the archives of the Inter-American De- velopment Bank. (Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.) Editorial Notes CODIFICATION Section is based on section 202 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473. Statutory Notes and Related Subsidiaries SHORT TITLE Section 201 of title II of S. 2416, as introduced in the Senate Mar. 13, 1984, and as enacted into permanent law by Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1885, provided that: ‘‘This title [enacting this subchapter and amending section 276c–2 of this title and section 24 of Title 12, Banks and Banking] may be cited as the ‘Inter-American Investment Corporation Act’.’’ § 283bb. Governor, Director, and alternates The Governor and Executive Director of the Inter-American Development Bank, and the al- ternate for each of them, appointed under sec- tion 283a of this title, shall serve as Governor, Director, and alternates, respectively, of the Corporation. (Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.) Editorial Notes CODIFICATION Section is based on section 203 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473. § 283cc. Applicability of Bretton Woods Agree- ments Act The provisions of section 286b of this title shall apply with respect to the Corporation to the same extent as with respect to the Inter- national Bank for Reconstruction and Develop- ment and the International Monetary Fund. (Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885; Pub. L. 101–240, title V, § 541(e)(3), Dec. 19, 1989, 103 Stat. 2518.) Editorial Notes CODIFICATION Section is based on section 204 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473. AMENDMENTS 1989—Pub. L. 101–240 struck out at end ‘‘Reports with respect to the Corporation under paragraphs (5) and (6) of subsection (b) of section 286b of this title shall be in- cluded in the first and subsequent reports made there- under after the United States accepts membership in the Corporation.’’ § 283dd. Restrictions (a) 1 Unless authorized by law, neither the President nor any person or agency shall, on be- half of the United States— (1) subscribe to additional shares of stock of the Corporation; (2) vote for or agree 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) make a loan or provide other financing to the Corporation. (Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.) Editorial Notes CODIFICATION Section is based on section 205 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473. § 283ee. Federal Reserve banks as depositories Any Federal Reserve bank which is requested to do so by the Corporation shall act as its de-