[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2220 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2220

   To provide for a United States contribution to the Inter-American 
               Development Bank, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                June 21 (legislative day, June 7), 1994

  Mr. Pell (by request) introduced the following bill; which was read 
        twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
   To provide for a United States contribution to the Inter-American 
               Development Bank, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That the Inter-American 
Development Bank Act (22 U.S.C. 283 et seq.) is amended by adding at 
the end thereof the following new section:

``SEC. 37. CAPITAL INCREASE; INCREASE IN RESOURCES OF FUND FOR SPECIAL 
              OPERATIONS

    ``(a) Authority To Vote for, and To Subscribe and Contribute to, 
Increase in Authorized Capital Stock of Bank and Increase in Resources 
of Fund for Special Operations.--
            ``(1) Vote authorized.--The United States Governor of the 
        Bank is authorized to vote for resolutions that--
                    ``(A) were transmitted by the Board of Executive 
                Directors to the Governors of the Bank by resolution of 
                            , 1994;
                    ``(B) are pending before the Board of Governors of 
                the Bank; and
                    ``(C) provide for--
                            ``(i) an increase in the authorized capital 
                        stock of the Bank and subscriptions to the 
                        Bank; and
                            ``(ii) an increase in the resources of the 
                        Fund for Special Operations and contributions 
                        to the Fund.
            ``(2) Subscription and contribution authority.--To the 
        extent and in the amounts provided in advance in appropriations 
        Acts, on adoption of the resolutions described in paragraph 
        (1), the United States Governor of the Bank may, on behalf of 
        the United States--
                    ``(A) subscribe to 760,644 shares of the increase 
                in the authorized capital stock of the Bank; and
                    ``(B) contribute $82,304,000 to the Fund for 
                Special Operations.
    ``(b) Limitation on Authorization of Appropriations.--To pay for 
the subscription and contribution authorized under subsection (a), 
there are authorized to be appropriated, without fiscal year 
limitation, for payment by the Secretary of the Treasury--
            ``(1) $9,175,977,459 for the United States subscription to 
        the capital stock of the Bank; and
            ``(2) $82,304,000 for the United States contribution to the 
        Fund for Special Operations.
    ``(c) Authority To Vote for Certain Resolutions.--The United States 
Governor of the Bank is authorized to vote for a proposed resolution of 
the Board of Governors entitled `Amendments to the Agreement 
Establishing the Inter-American Development Bank, the Regulations of 
the Board of Governors, the General Rules Governing Admission of 
Nonregional Countries to Membership in the Bank, and the Regulations 
for the Election of Executive Directors,' which was submitted to the 
Board of Governors pursuant to a resolution of the Board of Executive 
Directors approved on             , 1994.''.

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