African Development Fund Act

Summary

African Development Fund Act - Authorizes the President to accept participation for the United States in the African Development Fund. Requires the President, by and with the advice and consent of the Senate, to appoint a Governor, and an Alternate Governor, of the Fund. Requires the Governor to cast the votes of the United States for the Director to represent the United States in the Fund. Prohibits any person or agency unless Congress authorizes by law from : (1) agreeing to increase the subscription of the United States to the fund, (2) agreeing to any amendment which increases the subscription of the United States, or (3) making a loan or providing other financing for the Fund. Authorizes to be appropriate $150,000,000 as the United States subscription to the Fund. Stipulates that any reserve bank requested by the President to act as a despository for the Fund shall do so. Declares that the agreement establishing the Fund shall have full force and effect in the United States, upon acceptance of participation.

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

Timeline

1. 13 May 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 13 May 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 May 1975

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 13 May 1975

  Open at official source

Sponsors

• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Sponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Cosponsor
• Rep. Burke, Yvonne B. [D-CA-28] · D · Cosponsor
• Rep. Chisholm, Shirley [D-NY-12] · D · Cosponsor
• Rep. Collins, Cardiss [D-IL-7] · D · Cosponsor
• JOHN CONYERS · D · Cosponsor
• Rep. Dellums, Ronald V. [D-CA-8] · D · Cosponsor
• Rep. Harrington, Michael J. [D-MA-6] · D · Cosponsor
• Rep. Metcalfe, Ralph H. [D-IL-1] · D · Cosponsor
• Rep. Meyner, Helen S. [D-NJ-13] · D · Cosponsor
• Rep. Murphy, John M. [D-NY-17] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Cosponsor
• Rep. Rees, Thomas M. [D-CA-23] · D · Cosponsor
• Rep. Seiberling, John F. [D-OH-14] · D · Cosponsor
• Rep. Solarz, Stephen J. [D-NY-13] · D · Cosponsor
• Rep. Stark, Fortney Pete [D-CA-9] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → African Development Fund Act