African Development Bank Act

reportedUnited States· United States Congress· EN

Introduced

24 March 1981

Last action

14 May 1981 · Reported

Status

Committee on Foreign Relations. Provisions of measure incorporated into measure S. 1196 ordered to be reported.

Summary

Title I: International Development Association - Amends the International Development Association Act to authorize the U.S. Governor to pay a specified sum, subject to obtaining the necessary appropriations, as the U.S. contribution to the sixth replenishment of the resources of the Association. 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 Bank Governor and an Alternate Governor. Makes U.S. participation in 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 jurisdiction 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 only be effective to the extent as provided in advance in appropriation Acts (presently may be made only after the necessary amount has been appropriated). Title IV: Inter-American Development Bank and Asian Development Bank - Amends the Inter-American Development Bank Act to authorize the U.S. Governor to contribute, subject to obtaining the necessary appropriations, a specified sum to the Fund for Special Operations. Authorizes specified sums to be appropriated for the U.S. subscription to the Bank's capital stock and for the U.S. contribution to the Fund for Special Operations. Amends the Asian Development Bank Act to authorize the U.S. Governor to contribute, subject to obtaining the necessary appropriations, a specified sum to the Asian Development Fund. Authorizes a specified sum to be appropriated to pay such contribution. Title V: Effective Date and Availability of Funds - Stipulates that authorized funds are not available for obligation prior to October 1, 1981.

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

Timeline

24 March 1981
Introduced
Read second time and referred to Senate Committee on Foreign Relations.
Source: IntroReferral
24 March 1981
Introduced
Introduced in Senate
Source: IntroReferral
25 March 1981
Committee
Committee on Foreign Relations. Hearings held.
Source: Committee
2 April 1981
Calendars
Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 45.
Source: Calendars
2 April 1981
Reported
Committee on Foreign Relations. Reported to Senate by Senator Percy favorably with an amendment in the nature of a substitute. With written report No. 97-36.
Source: Committee
2 April 1981
Reported
Committee on Foreign Relations. Reported to Senate by Senator Percy favorably with an amendment in the nature of a substitute. With written report No. 97-36.
Source: Committee
29 April 1981
Floor
Considered by Senate.
Source: Floor
29 April 1981
Vote
Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 58-32. Record Vote No: 87.
Source: Floor
30 April 1981
Introduced
Referred to House Committee on Banking, Finance and Urban Affairs.
Source: IntroReferral
14 May 1981
Reported
Committee on Foreign Relations. Provisions of measure incorporated into measure S. 1196 ordered to be reported.
Source: Committee

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

Versions

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

Documents

3 official files

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Passed Senate amended
summary · EN · 29 April 1981
Open at official source
Reported to Senate with amendment(s)
summary · EN · 2 April 1981
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate
summary · EN · 24 March 1981
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/97th-congress/senate-bill/786
Open data entity: https://api.congress.gov/v3/bill/97/s/786
us · 97-s-786 · source updated 29 August 2025