3.0.0 1385 2023-01-11T13:37:36Z 2023-01-11T13:37:36Z Senate S 2017-06-20 115 ssfr00 Foreign Relations Committee Senate Standing Referred to 2017-06-20T19:02:47Z North American Development Bank Improvement and General Capital Increase Authorization Act of 2017 115 882 HR 2017-02-06 Referred to the House Committee on Financial Services. Related bill CRS 2017-06-20 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3652) IntroReferral 2017-06-20 Introduced in Senate IntroReferral 10000 9 Library of Congress C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX N F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2017-06-20 True International Affairs Air quality Congressional oversight Energy storage, supplies, demand Foreign loans and debt Latin America Mexico Motor vehicles Multilateral development programs North America Oil and gas Performance measurement Pipelines Roads and highways Solid waste and recycling Water quality Water use and supply International Affairs 00 2017-06-20 Introduced in Senate 2018-02-26T22:30:43Z North American Development Bank Improvement Act of 2017

This bill authorizes the Department of the Treasury to subscribe to and make a payment for 150,000 additional shares of the capital stock of the North American Development Bank.

Treasury shall direct the U.S. representatives to the Board of Directors of the bank to use the voice and vote of the United States to support the financing of projects related to:

  • environmental infrastructure relating to water pollution, wastewater treatment, water conservation, municipal solid waste, and related matters;
  • natural gas, including natural gas pipelines and combined cycle power plants, with major emphasis on cross-border energy distribution and consumption and the energy security of the United States and Mexico; and
  • the expansion or new construction of international land border crossings to facilitate the flow of goods and people across the international land border between the United States and Mexico while reducing wait times at border crossings and improving air quality by reducing pollution related to vehicular and commercial traffic.

Treasury shall also direct such representatives to seek to require the bank to:

  • develop and implement efficiency improvements to streamline and accelerate the bank's project certification and financing process, and
  • develop performance measures that demonstrate how the projects and financing approved by the bank are meeting its mission and providing value to the region near such border.
]]> North American Development Bank Improvement Act of 2017 Display Title North American Development Bank Improvement Act of 2017 Official Title as Introduced A bill to provide for a general capital increase for the North American Development Bank, and for other purposes. Introduced in Senate IS Short Titles as Introduced North American Development Bank Improvement Act of 2017 Introduced in Senate 2017-06-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1385is/xml/BILLS-115s1385is.xml 2017-06-20 Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3652) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.