§ 282f TITLE 22—FOREIGN RELATIONS AND INTERCOURSE Page 96

amended’’ and ‘‘that Act’’, respectively, on authority of

Pub. L. 97–258, §4(b), Sept. 13, 1982, 96 Stat. 1067, the

first section of which enacted Title 31, Money and Finance.

§ 282f. Jurisdiction and venue of actions

For the purpose of any action which may be

brought within the United States or its Territories or possessions by or against the Corporation in accordance with the Articles of Agreement of the Corporation, the Corporation shall

be deemed to be an inhabitant of the Federal judicial district in which its principal office in the

United States is located, and any such action at

law or in equity to which the Corporation shall

be a party shall be deemed to arise under the

laws of the United States, and the district

courts of the United States shall have original

jurisdiction of any such action. When the Corporation is a defendant in any such action, it

may, at any time before the trial thereof, remove such action from a State court into the

district court of the United States for the proper

district by following the procedure for removal

of causes otherwise provided by law.

(Aug. 11, 1955, ch. 788, §8, 69 Stat. 670.)

FEDERAL RULES OF CIVIL PROCEDURE

One form of action, see rule 2, Title 28, Appendix, Judiciary and Judicial Procedure.

CROSS REFERENCES

Removal of cases from State to district courts, see

section 1441 et seq. of Title 28, Judiciary and Judicial

Procedure.

§ 282g. Status, privileges, and immunities of the

United States

The provisions of article V, section 5(d), and

article VI, sections 2 to 9, both inclusive, of the

Articles of Agreement of the Corporation shall

have full force and effect in the United States

and its Territories and possessions upon acceptance of membership by the United States in, and

the establishment of, the Corporation.

(Aug. 11, 1955, ch. 788, §9, 69 Stat. 670.)

§ 282h. Loans to or from International Bank for

Reconstruction and Development; amendment to Articles of Agreement

The United States Governor of the Corporation is authorized to agree to the amendments

of the articles of agreement of the Corporation

to remove the prohibition therein contained

against the Corporation lending to or borrowing

from the International Bank for Reconstruction

and Development, and to place limitations on

such borrowing.

(Aug. 11, 1955, ch. 788, §10, as added Pub. L.

89–126, §2, Aug. 14, 1965, 79 Stat. 519.)

§ 282i. Increase in capital stock of Corporation;

subscription to additional shares

(a) The United States Governor of the Corporation is authorized—

(1) to vote for an increase of five hundred

and forty thousand shares in the authorized

capital stock of the Corporation; and

(2) if such increase becomes effective, to subscribe on behalf of the United States to one

hundred and eleven thousand four hundred and

ninety-three additional shares of the capital

stock of the Corporation: Provided, however,

That any commitment to make payment for

such additional subscriptions shall be made

subject to obtaining the necessary appropriations.

(b) In order to pay for the increase in the

United States subscription to the Corporation

provided for in this section, there are authorized

to be appropriated, without fiscal year limitation, $111,493,000 for payment by the Secretary of

the Treasury.

(Aug. 11, 1955, ch. 788, §11, as added Pub. L.

95–118, title III, §301, Oct. 3, 1977, 91 Stat. 1068.)

EFFECTIVE DATE

Section 1001 of Pub. L. 95–118 provided that: ‘‘This Act

[enacting this section and sections 262c, 262d, 262e to

262g, 284n, 285s, 285t, 286e–1f, and 290g–10 of this title, repealing sections 283y, 284m, 290g–9 of this title, and enacting provisions set out as a note under section 262c of

this title] shall take effect on the date of its enactment

[Oct. 3, 1977], except that no funds authorized to be appropriated by any amendment contained in title II, III,

IV, V, or VI [enacting this section and sections 286e–1f,

284n, 285s, 285t, or 290g–10 of this title] may be available

for use or obligation prior to October 1, 1977’’.

§ 282j. Increase in capital stock of Corporation;

subscription to additional shares

(a) The United States Governor of the Corporation is authorized—

(1) to vote for an increase of 650,000 shares in

the authorized capital stock of the Corporation; and

(2) to subscribe on behalf of the United

States to 175,162 additional shares of the capital stock of the Corporation, except that any

subscription to additional shares shall be effective only to such extent or in such amounts

as are provided in advance in appropriations

Acts.

(b) In order to pay for the increase in the

United States subscription to the Corporation

provided for in this section, there are authorized

to be appropriated, without fiscal year limitation, §175,162,000 for payment by the Secretary

of the Treasury.

(Aug. 11, 1955, ch. 788, §12, as added Pub. L.

99–190, §101(i) [title I, (a)], Dec. 19, 1985, 99 Stat.

1291, 1294.)

CODIFICATION

Section 12 of act Aug. 11, 1955, is based on section 3

of H.R. 1948, Ninety-ninth Congress, as introduced Apr.

3, 1985, and enacted into law by Pub. L. 99–190.

§ 282k. Securities issued by Corporation

(a) Exemption from securities laws; reports to

Securities and Exchange Commission

Any securities issued by the Corporation (including any guaranty by the Corporation,

whether or not limited in scope) and any securities guaranteed by the Corporation as to both

principal and interest shall be deemed to be exempted securities within the meaning of section

77c(a)(2) of title 15 and section 78c(a)(12) of title

15. The Corporation shall file with the Securities

and Exchange Commission such annual and