[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3188 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3188

 To maintain American leadership in multilateral development banks in 
   order to support United States economic and national security by 
 authorizing general capital increases for the International Bank for 
 Reconstruction and Development, the Inter-American Development Bank, 
the African Development Bank, and the European Bank for Reconstruction 
                and Development, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 13, 2011

   Mr. Dold introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To maintain American leadership in multilateral development banks in 
   order to support United States economic and national security by 
 authorizing general capital increases for the International Bank for 
 Reconstruction and Development, the Inter-American Development Bank, 
the African Development Bank, and the European Bank for Reconstruction 
                and Development, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Supporting Economic and National 
Security by Maintaining U.S. Leadership in Multilateral Development 
Banks Act''.

SEC. 2. CAPITAL STOCK INCREASE FOR THE INTERNATIONAL BANK FOR 
              RECONSTRUCTION AND DEVELOPMENT.

    The Bretton Woods Agreements Act (22 U.S.C. 286-286tt) is amended 
by adding at the end the following:

``SEC. 69. CAPITAL STOCK INCREASE.

    ``(a) Increase Authorized.--
            ``(1) In general.--The United States Governor of the Bank 
        may--
                    ``(A) vote for an increase of 484,102 shares in the 
                authorized capital stock of the Bank; and
                    ``(B) subscribe on behalf of the United States to 
                81,074 additional shares of the authorized capital 
                stock of the Bank.
            ``(2) Subject to appropriations.--Any subscription under 
        paragraph (1) 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 general.--For subscriptions under subsection (a), 
        there are authorized to be appropriated, without fiscal year 
        limitation, $9,780,361,991 for payment by the Secretary of the 
        Treasury.
            ``(2) Allocation.--Of the amount authorized by paragraph 
        (1)--
                    ``(A) $586,821,720 shall be for paid-in shares of 
                the authorized capital stock of the Bank; and
                    ``(B) $9,193,540,271 shall be for callable shares 
                of the authorized capital stock of the Bank''.

SEC. 3. CAPITAL STOCK INCREASE FOR THE INTER-AMERICAN DEVELOPMENT BANK.

    The Inter-American Development Bank Act (22 U.S.C. 283-283z-12) is 
amended by adding at the end the following:

``SEC. 41. CAPITAL STOCK INCREASE.

    ``(a) Increase Authorized.--
            ``(1) In general.--The United States Governor of the Bank 
        may--
                    ``(A) vote in favor of the resolution providing for 
                an increase in the authorized capital stock of the 
                Bank, as approved by the Board of Governors of the Bank 
                on July 21, 2010; and
                    ``(B) subscribe on behalf of the United States to 
                1,741,135 additional shares of the authorized capital 
                stock of the Bank.
            ``(2) Subject to appropriations.--Any subscription under 
        paragraph (1) 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 general.--For the subscription under subsection 
        (a), there are authorized to be appropriated, without fiscal 
        year limitation, $21,004,064,337 for payment by the Secretary 
        of the Treasury.
            ``(2) Allocation.--Of the amount authorized by paragraph 
        (1)--
                    ``(A) $510,090,175 shall be for paid-in shares of 
                the authorized capital stock of the Bank; and
                    ``(B) $20,493,974,162 shall be for callable shares 
                of the authorized capital stock of the Bank.''.

SEC. 4. CAPITAL STOCK INCREASE FOR THE AFRICAN DEVELOPMENT BANK.

    The African Development Bank Act (22 U.S.C. 290i-290i-10) is 
amended by adding at the end the following:

``SEC. 1344. CAPITAL STOCK INCREASE.

    ``(a) Subscription Authorized.--
            ``(1) In general.--The United States Governor of the Bank 
        may subscribe to 289,391 additional shares of the authorized 
        capital stock of the Bank.
            ``(2) Subject to appropriations.--Any subscription under 
        paragraph (1) 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 general.--For the subscription 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) Allocation.--Of the amount authorized under paragraph 
        (1)--
                    ``(A) $259,341,759 shall be for paid-in shares of 
                the authorized capital stock of the Bank; and
                    ``(B) $4,062,886,462 shall be for callable shares 
                of the authorized capital stock of the Bank.''.

SEC. 5. CAPITAL STOCK INCREASE FOR THE EUROPEAN BANK FOR RECONSTRUCTION 
              AND DEVELOPMENT.

    The European Bank for Reconstruction and Development Act (22 U.S.C. 
290l-290l-8) is amended by adding at the end the following:
            ``(12) Capital stock increase.--
                    ``(A) Subscription authorized.--
                            ``(i) In general.--The United States 
                        Governor of the Bank may subscribe on behalf of 
                        the United States to not more than 90,044 
                        additional callable shares of the authorized 
                        capital stock of the Bank.
                            ``(ii) Subject to appropriations.--Any 
                        subscription under clause (i) 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.--For the subscription under 
                subparagraph (A), there are authorized to be 
                appropriated, without fiscal year limitation, 
                $1,252,331,952 for payment by the Secretary of the 
                Treasury for callable shares of the authorized capital 
                stock of the Bank.''.

SEC. 6. TRANSPARENCY AND ACCOUNTABILITY.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262-262p-12) is amended by adding at the end the following:

``SEC. 1629. TRANSPARENCY AND ACCOUNTABILITY.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Director at the International Bank for Reconstruction and 
Development, the Inter-American Development Bank, the European Bank for 
Reconstruction and Development, and the African Development Bank to 
initiate discussions to advocate and promote efforts to--
            ``(1) require the government of each country receiving 
        adjustment or budget support loans to demonstrate transparent 
        budgetary processes including budget publication and public 
        scrutiny before loan or grant approval;
            ``(2) provide greater public disclosure of loan documents 
        of the respective bank; and
            ``(3) use technology to improve multilateral development 
        outcomes by making available to the public data about projects 
        carried out using financing provided by the respective bank and 
        about programs of the respective bank.''.

SEC. 7. CORRUPTION.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262-262p-12) is further amended by adding at the end the 
following:

``SEC. 1630. CORRUPTION.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Director at the International Bank for Reconstruction and 
Development, the Inter-American Development Bank, the European Bank for 
Reconstruction and Development, and the African Development Bank to 
initiate discussions in order to advocate and promote efforts to--
            ``(1) implement best practices in domestic laws and 
        international conventions against corruption for whistleblower 
        and witness disclosures, and protections against retaliation 
        for internal and lawful public disclosures by the employees of 
        the respective bank and others affected by the operations of 
        the respective bank who challenge illegality or other 
        misconduct that could threaten the mission of the respective 
        bank, including--
                    ``(A) best practices for legal burdens of proof;
                    ``(B) access to independent adjudicative bodies; 
                and
                    ``(C) results which eliminate the effects of proven 
                retaliation; and
            ``(2) implement clear anti-corruption procedures setting 
        forth circumstance under which a person will be barred from 
        receiving a loan, contract, grant, guarantee or credit from the 
        respective bank, and make the procedures available to the 
        public.''.

SEC. 8. PROCUREMENT.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262-262p-12) is further amended by adding at the end the 
following:

``SEC. 1631. PROCUREMENT.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Director at the International Bank for Reconstruction and 
Development, the Inter-American Development Bank, the European Bank for 
Reconstruction and Development, and the African Development Bank to 
advocate and promote efforts by the respective bank to maintain strong 
procurement standards that maintain international competitive bidding 
for projects funded by the respective bank, to maximize broad United 
States and international participation in accordance with sound 
procurement practices, including transparency, broad international 
competition, established standards and documentation for bidding and 
bid evaluation, and cost-effective results for the borrowers.''.

SEC. 9. ARGENTINA.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262-262p-12) is further amended by adding at the end the 
following:

``SEC. 1632. ARGENTINA.

    ``(a) In General.--The Secretary of the Treasury shall instruct the 
United States Executive Directors at the International Bank for 
Reconstruction and Development and the Inter-American Development Bank 
to--
            ``(1) oppose any loan to the government of Argentina (other 
        than a loan that serves basic human needs); and
            ``(2) to initiate discussions with other executive 
        directors at the respective bank to advocate and vigorously 
        promote efforts to encourage Argentina to normalize relations 
        with its official and private creditors and elsewhere in the 
        international community, including in its dealings with the 
        International Centre for Settlement of Investment Disputes, the 
        Paris Club, the Financial Action Task Force, and the 
        International Monetary Fund,
until the Secretary determines and certifies to the Congress that 
Argentina is normalizing its status in the international community as 
demonstrated by improved relations with the Financial Action Task 
Force, the International Monetary Fund, and its official and private 
creditors, including in the context of compliance with the 
International Centre for Settlement of Investment Disputes.
    ``(b) Waiver Authority.--The President may waive the application of 
subsection (a)(1) if the President determines and reports to Congress 
that--
            ``(1) applying subsection (a)(1) would cause serious harm 
        to the national security of the United States; or
            ``(2) it is in the vital economic interests of the United 
        States to do so.''.
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