United States · Bill · S
S. 2422 (96th)
African Development Bank Act
Introduced
14 March 1980
Last action
16 June 1980 · Vote
Status
Measure passed Senate, amended, roll call #212 (53-24).
Sponsors
Sen. Church, Frank [D-ID]
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Title I: International Development Association - Amends the International Development Association Act to authorize the U.S. Governor to pay a specified sum as the U.S. contribution to the sixth replenishment of the Resources of the Association, subject to obtaining the necessary appropriations. Title II: African Development Bank - African Development Bank Act - Authorizes the President to accept membership for the United States in the African Development Bank. Provides for the appointment of a governor and an alternate governor of such Bank. Makes such Bank subject to the National Advisory Council on International Monetary and Financial Problems. Prohibits unauthorized: (1) subscriptions to additional shares in such Bank; (2) agreements increasing U.S. obligations or modifying the purpose of such Bank; or (3) financing for such Bank. Requires any Federal Reserve bank to act as the Bank's depository at the request of such Bank. Specifies the shares of such Bank to which the President is authorized to subscribe. Sets forth venue and jurisdictional provisions for such Bank. Exempts such Bank's obligations from specified limitations on underwriting investment securities and for purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934. Requires such Bank to file reports as determined appropriate by the Securities and Exchange Commission. Authorizes the Commission to suspend the exemptions from the securities laws. Directs such Bank to carry out U.S. policies concerning human rights and the development of light capital technologies. Makes U.S. citizen representatives to such Bank eligible for civil service benefits. Title III: International Bank for Reconstruction and Development and Asian Development Bank - Amends the Bretton Woods Agreements Act and the Asian Development Bank Act to provide that any subscription to additional shares of such Banks shall be effective only to the extent provided in advance in appropriation Acts (presently, may be made only after the necessary amount has been appropriated). Title IV: Effective Date and Availability of Funds - Stipulates that authorized funds are not available for obligation prior to October 1, 1980.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
14 March 1980
Introduced
Referred to Senate Committee on Foreign Relations.
Source: IntroReferral
14 March 1980
Introduced
Introduced in Senate
Source: IntroReferral
13 May 1980
Reported
Reported to Senate from the Committee on Foreign Relations with amendment, S. Rept. 96-700.
Source: Committee
13 May 1980
Reported
Reported to Senate from the Committee on Foreign Relations with amendment, S. Rept. 96-700.
Source: Committee
16 June 1980
Floor
Measure called up by unanimous consent in Senate.
Source: Floor
16 June 1980
Vote
Passed/agreed to in Senate: Measure passed Senate, amended, roll call #212 (53-24).
Source: Floor
Votes
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
3 official files
Leesvertaling
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Passed Senate amended
summary · EN · 16 June 1980
Reported to Senate with amendment(s)
summary · EN · 13 May 1980
Leesvertaling
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Introduced in Senate
summary · EN · 14 March 1980
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Church, Frank [D-ID] · D · Sponsor
- · ssfr00 · Standing
Related records
- related to → African Development Bank Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2422
- Open data entity: https://api.congress.gov/v3/bill/96/s/2422
- us · 96-s-2422 · source updated 2 September 2025