[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1082 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                S. 1082

 To authorize appropriations to pay for United States contributions to 
             certain international financial institutions.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 29, 1997

 Mr. Biden (for himself and Mr. Hagel) introduced the following bill; 
which was read twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
 To authorize appropriations to pay for United States contributions to 
             certain international financial institutions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INTER-AMERICAN DEVELOPMENT BANK.

    The Inter-American Development Bank Act (Public Law 86-147; 22 
U.S.C. 283 et seq.) is amended by adding at the end the following new 
section:

``SEC. 39. CAPITAL INCREASE; SUBSCRIPTION AND CONTRIBUTION AUTHORITY.

    ``For payment by the Secretary of the Treasury for the United 
States capital subscription as part of the 8th general increase in the 
authorized capital stock of the Bank, there are authorized to be 
appropriated, without fiscal year limitation--
            ``(1) $51,221,334, for payment for paid-in shares of the 
        Bank; and
            ``(2) $3,007,437,820, for payment for callable shares of 
        the Bank.''.

SEC. 2. ASIAN DEVELOPMENT BANK.

    The Asian Development Bank Act (Public Law 89-369; 22 U.S.C. 285 et 
seq.) is amended by adding at the end the following new section:

``SEC. 31. ADDITIONAL CONTRIBUTION TO SPECIAL FUNDS; AUTHORIZATION OF 
              APPROPRIATIONS.

    ``(a) Authorization of Contribution.--The United States Governor of 
the Bank is authorized to contribute on behalf of the United States 
$400,000,000 to the Asian Development Fund, a special fund of the Bank; 
except that any commitment to make such contributions shall be made 
subject to obtaining the necessary appropriations.
    ``(b) Authorization of Appropriations.--In order to pay for the 
United States contribution provided for in subsection (a), there are 
authorized to be appropriated, without fiscal year limitation, 
$200,000,000 for payment by the Secretary of the Treasury.''.

SEC. 3. EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT.

    Section 562(c) of the European Bank for Reconstruction and 
Development Act (section 562(c) of Public Law 101-513; 22 U.S.C. 290l 
et seq.) is amended by adding at the end the following new paragraph:
            ``(12) Participation in a general capital increase.--
                    ``(A) Participation in a capital increase.--The 
                United States participation in a general capital 
                increase of the Bank under Chapter II, Article 4(3) of 
                the Agreement, is authorized.
                    ``(B) Increase in the united states capital 
                subscription.--The United States Governor of the Bank 
                is authorized to subscribe on behalf of the United 
                States to 100,000 additional shares of the capital 
                stock of the Bank as part of a general capital 
                increase, subject to obtaining the necessary 
                appropriations.
                    ``(C) Limitation on authorization of 
                appropriations.--To pay for the increase in the United 
                States capital subscription, as provided in paragraph 
                (12)(B), there are authorized to be appropriated, 
                without fiscal year limitation, $317,525,000 for 
                payment by the Secretary of the Treasury.''.

SEC. 4. INTERNATIONAL DEVELOPMENT ASSOCIATION.

    The International Development Association Act (Public Law 86-565; 
22 U.S.C. 284 et seq.) is amended by adding at the end the following 
new section:

``SEC. 22. ELEVENTH REPLENISHMENT.

    ``(a) In General.--The United States Governor is authorized to 
agree on behalf of the United States to pay to the Association 
$1,600,000,000 for the 11th replenishment of the resources of the 
Association, subject to obtaining the necessary appropriations.
    ``(b) Limitations on Authorization of Appropriations.--In order to 
pay for the United States contribution provided for in subsection (a), 
there are authorized to be appropriated, without fiscal year 
limitation, $1,600,000,000 for payment by the Secretary of the 
Treasury.''.

SEC. 5. INTERNATIONAL MONETARY FUND.

    Section 17 of the Bretton Woods Agreements Act (as added by Public 
Law 87-490; 22 U.S.C. 286e-2 et seq.) is amended--
            (1) in subsection (a)--
                    (A) by striking ``and February 24, 1983'' and 
                inserting ``February 24, 1983, and January 27, 1997''; 
                and
                    (B) by striking ``4,250,000,000'' and inserting 
                ``6,712,000,000'';
            (2) in subsection (b), by striking ``4,250,000,000'' and 
        inserting ``6,712,000,000''; and
            (3) in subsection (d)--
                    (A) by inserting ``or the Decision of January 27, 
                1997,'' after ``February 24, 1983,''; and
                    (B) by inserting ``or the New Arrangements to 
                Borrow, as the case may be'' before the period at the 
                end.
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