Multilateral Development Bank Act of 1983

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 $380,000,000 to the Fund for Special Operations. Authorizes appropriations for such purposes. Declares that it is U.S. policy that no actions concerning personnel of the Inter-American, African, or Asian Development Banks shall be based on the political philosophy or activity of the individual involved. 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. Expresses the sense of Congress concerning the role of multilateral development institutions in promoting development abroad. Directs the Secretary of the Treasury to study and report to Congress on how the multilateral development institutions could more actively: (1) encourage foreign direct investment and commercial capital flows; and (2) channel such investment and capital flows to developing countries through a new investment banking facility at one or more of these institutions.

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

Timeline

1. 28 April 1983

   Committee

   For Previous Action See H.R.2586.

   Source: Committee

2. 28 April 1983

   Introduced

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

   Source: IntroReferral

3. 28 April 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 April 1983

   Introduced

   Introduced in House

   Source: IntroReferral

5. 2 May 1983

   Referred

   Referred to Subcommittee on International Development Institutions and Finance.

   Source: Committee

6. 5 May 1983

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

7. 5 May 1983

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

8. 16 May 1983

   Reported

   Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 98-178.

   Source: Committee

9. 16 May 1983

   Calendars

   Placed on Union Calendar No: 116.

   Source: Calendars

10. 16 May 1983

    Reported

    Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 98-178.

    Source: Committee

11. 28 June 1983

    Floor

    Rule Granted Providing an Open Rule with 1 Hour of Debate. Waiver of Points of Order.

    Source: Floor

12. 29 June 1983

    Reported

    Rules Committee Resolution H.Res.251 Reported to House.

    Source: Floor

13. 30 November 1983

    Committee

    Similar Provisions Contained in H.R.3959.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

2 official files

• Reported to House with amendment(s)

  summary · EN · 16 May 1983

  Open at official source

• Introduced in House

  summary · EN · 28 April 1983

  Open at official source

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Sponsors

• Rep. Patterson, Jerry M. [D-CA-38] · D · Sponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Sponsor
• Rep. LaFalce, John J. [D-NY-29] · D · Sponsor
• Rep. Oakar, Mary Rose [D-OH-20] · D · Sponsor
• Rep. Lowry, Mike [D-WA-7] · D · Sponsor
• Rep. Garcia, Robert [D-NY-18] · D · Sponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Sponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Sponsor
• Rep. Wylie, Chalmers P. [R-OH-15] · R · Cosponsor
• · hsba00 · Standing

Related records

• related to → 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.
• related to → A resolution providing for the consideration of the bill (H.R. 2832) to provide for increased participation by the United States in the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund.
• related to ← Supplemental Appropriations Act, 1984