Inter-American Investment Corporation Act

Summary

Title I: International Development Association Act Amendments - Amends the International Development Association Act to authorize the U.S. Governor of the International Development Association to agree to pay a specified amount as the U.S. contribution to the seventh replenishment of the resources of the Association. Authorizes appropriations for such purpose. Title II: Inter-American Investment Corporation Act - Inter-American Investment Corporation Act - Authorizes the President to accept membership for the United States in the Inter-American Investment Corporation. Requires the Governor and Executive Director of the Inter-American Development Bank and their alternates to serve as Governor, Director, and alternates, respectively of the Corporation. Requires that specified reporting provisions of the Bretton Woods Agreement Act shall apply to the Corporation. Prohibits any person or agency, on behalf of the United States, from taking certain actions affecting the Corporation, unless such actions are authorized by law. Requires any Federal Reserve bank, upon request, to act as a depository or fiscal agent of the Corporation. Authorizes the Secretary of the Treasury to subscribe on behalf of the United States to a specified number of shares of stock of the Corporation. Authorizes appropriations for such subscription. Provides for the jurisdiction of U.S. courts over civil suits relating to the Corporation. Requires that certain securities issued by or guaranteed by the Corporation shall be deemed to be exempted securities within the meaning of specified provisions of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Authorizes the Securities and Exchange Commission (SEC) to suspend the exemption with regard to such securities. Requires the SEC to include information on such securities in its annual reports to Congress.

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1 official file

• Introduced in Senate

  summary · EN · 13 March 1984

  Open at official source

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