African Development Fund Act

Summary

Title I: Inter-American Development Bank - Authorizes the United States Governor of the Inter-American Development Bank to vote in favor of two proposed resolutions providing for an increase in the authorized capital stock of the Bank and an increase in the resources of the Fund for Special Operations. Authorizes appropriations of amounts necessary to purchase 99,474 shares of capital stock in the bank and $600,000,000 to contribute to the Fund for Special Operations. Provides that the Governor may vote for an additional increase of authorized callable capital stock. States the Governor may agree on behalf of the United States to subscribe to 37,303 shares of such increased capital. Title II: African Development Fund - African Development Fund Act - Authorizes the President to accept participation for the United States in the African Development Fund of the United Nations. Directs the President, by and with the advice and consent of the Senate, to appoint a Governor and an Alternate Governor of the Fund. Authorizes to be appropriated without fiscal year limitation, as the United States subscription, $25,000,000, to be paid by the Secretary of the Treasury to the Fund in three annual installments of $9,000,000, $8,000,000, and $8,000,000. States that the agreement shall have full force and effect in the United States. Provides that the President shall instruct the United States Director to vote against any utilization of funds for the benefit of any country when such country: (1) has nationalized, expropriated or seized property owned by any United States citizen, corporation, partnership, or association not less than 50 percent beneficially owned by United States citizens; (2) has taken steps to repudiate or nullify existing agreements with any United States citizen, corporation, partnership, or association not less than 50 percent beneficially owned by United States citizens; or (3) has imposed discriminatory taxes or other exactions, or restrictive maintenance or operational conditions, or has taken other actions, which have the effect of nationalizing, expropriating, or otherwise seizing ownership or control of property so owned.

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

Timeline

1. 19 September 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 19 September 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 September 1975

   Introduced

   Introduced in House

   Source: IntroReferral

4. 8 October 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing, H. Rept. 94-541.

   Source: Committee

5. 8 October 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing, H. Rept. 94-541.

   Source: Committee

6. 8 December 1975

   Floor

   Measure called up by special rule in House.

   Source: Floor

7. 9 December 1975

   Vote

   Measure passed House, amended, roll call #753 (249-166).

   Source: Floor

8. 9 December 1975

   Vote

   Passed/agreed to in House: Measure passed House, amended, roll call #753 (249-166).

   Source: Floor

9. 9 December 1975

   Floor

   Measure considered in House.

   Source: Floor

10. 10 December 1975

    Introduced

    Referred to Senate Committee on Foreign Relations.

    Source: IntroReferral

11. 1 March 1976

    Reported

    Reported to Senate from the Committee on Foreign Relations with amendment, S. Rept. 94-673.

    Source: Committee

12. 1 March 1976

    Reported

    Reported to Senate from the Committee on Foreign Relations with amendment, S. Rept. 94-673.

    Source: Committee

13. 18 March 1976

    Floor

    Call of calendar in Senate.

    Source: Floor

14. 30 March 1976

    Floor

    Measure considered in Senate.

    Source: Floor

15. 30 March 1976

    Passed

    Passed/agreed to in Senate: Measure passed Senate, amended.

    Source: Floor

16. 3 May 1976

    ResolvingDifferences

    Conference scheduled in House.

    Source: ResolvingDifferences

17. 4 May 1976

    ResolvingDifferences

    Conference scheduled in Senate.

    Source: ResolvingDifferences

18. 11 May 1976

    ResolvingDifferences

    Conference report filed in Senate, S. Rept. 94-815.

    Source: ResolvingDifferences

19. 11 May 1976

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report.

    Source: ResolvingDifferences

20. 11 May 1976

    ResolvingDifferences

    Conference report filed: Conference report filed in House, H. Rept. 94-1121.

    Source: ResolvingDifferences

21. 11 May 1976

    ResolvingDifferences

    Conference report filed in House, H. Rept. 94-1121.

    Source: ResolvingDifferences

22. 20 May 1976

    President

    Measure enrolled in Senate.

    Source: President

23. 20 May 1976

    President

    Measure enrolled in House.

    Source: President

24. 20 May 1976

    Vote

    House agreed to conference report, roll call #286 (257-120).

    Source: ResolvingDifferences

25. 20 May 1976

    Vote

    Conference report agreed to in House: House agreed to conference report, roll call #286 (257-120).

    Source: ResolvingDifferences

26. 21 May 1976

    Floor

    Measure presented to President.

    Source: Floor

27. 21 May 1976

    President

    Measure presented to President.

    Source: President

28. 31 May 1976

    President

    Public law 94-302.

    Source: President

29. 31 May 1976

    President

    Signed by President.

    Source: President

30. 31 May 1976

    Became law

    Signed by President.

    Source: BecameLaw

Votes

No vote records are attached yet.

Versions

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

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 1 June 1976

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 11 May 1976

  Open at official source

• Introduced in House

  summary · EN · 19 September 1975

  Open at official source

Sponsors

• Rep. Gonzalez, Henry B. [D-TX-20] · D · Sponsor
• · ssfr00 · Standing
• · hsba00 · Standing

Related records

• related to → A resolution providing for the consideration of H.R. 9721. A bill to provide for increased participation by the United States in the Inter-American Development Bank, to provide for the entry of nonregional members and the Bahamas and Guyana, in the Inter-American Development Bank, to provide for the participation of the United States in the African Development Fund.