[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4834 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 4834

To authorize United States participation in a general capital increase 
                for the North American Development Bank.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 22, 2016

  Mr. Hinojosa (for himself, Mr. Vela, Mr. Cuellar, Mr. O'Rourke, Mr. 
 Grijalva, Ms. Maxine Waters of California, and Ms. Moore) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

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                                 A BILL


 
To authorize United States participation in a general capital increase 
                for the North American Development Bank.

    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 ``North American Development Bank 
General Capital Increase Authorization Act of 2016''.

SEC. 2. GENERAL CAPITAL INCREASE.

    Part 2 of subtitle D of title V of Public Law 103-182 (22 U.S.C. 
290m-290m-5) is amended by adding at the end the following:

``SEC. 547. FIRST CAPITAL INCREASE.

    ``(a) Subscription Authorized.--
            ``(1) In general.--The Secretary of the Treasury may 
        subscribe on behalf of the United States to 150,000 additional 
        shares of the capital stock of the Bank.
            ``(2) Limitation.--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.
    ``(b) Limitations on Authorization of Appropriations.--In order to 
pay for the increase in the United States subscription to the Bank 
under subsection (a), there are authorized to be appropriated, without 
fiscal year limitation, $1,500,000,000 for payment by the Secretary of 
the Treasury, of which--
            ``(1) $225,000,000 shall be for paid-in shares of the Bank; 
        and
            ``(2) $1,275,000,000 shall be for callable shares of the 
        Bank.''.
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