A bill to provide for increased participation by the United States in the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund.

Summary

Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain pending resolutions which provide for increases in the Bank's authorized capital stock and in the resources of the Fund for Special Operations. Authorizes the U.S. Governor of the Bank to subscribe to 427,396 shares of the increase in the authorized capital stock and to contribute $290,000,000 to the Fund for Special Operations. Authorizes appropriations for such purposes. Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to additional shares of the Bank's capital stock. Authorizes appropriations for such subscription. Authorizes the U.S. Governor to contribute $520,000,000 on behalf of the United States to the Asian Development Fund. Authorizes appropriations for such contribution. Amends the African Development Fund Act to authorize the U.S. Governor of the Funds to contribute $150,000,000 to the Fund. Authorizes appropriations for such contribution. Amends the International Financial Institutions Act to require the Federal Government to advance the cause of human rights by persuading international institutions to send aid to governments other than those governments which engage in a pattern of gross violations of human rights. (Current law refers to sending aid to governments other than those which engage in a "consistent" pattern of gross violations of human rights.) Amends the International Financial Institutions Act to require the Secretary of the Treasury to report to Congress not later than 30 days after the end of each calendar quarter concerning U.S. opposition of any loan, financial or technical assistance for international financial institutions for human rights reasons.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 April 1983

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 19 April 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 April 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 April 1983

   Committee

   Subcommittee Hearings Held.

   Source: Committee

5. 20 April 1983

   Referred

   Referred to Subcommittee on International Development Institutions and Finance.

   Source: Committee

6. 21 April 1983

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

7. 21 April 1983

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 28 April 1983

   Committee

   For Further Action See H.R.2832.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 19 April 1983

  Open at official source

Sponsors

• Rep. Patterson, Jerry M. [D-CA-38] · D · Sponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Sponsor
• Rep. Lowry, Mike [D-WA-7] · D · Sponsor
• Rep. Garcia, Robert [D-NY-18] · D · Sponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← Multilateral Development Bank Act of 1983