I

104TH CONGRESS

1ST SESSION H. R. 1667

To authorize United States contributions to the International Development

Association, the Asian Development Bank, and the Interest Subsidy

Account of the Enhanced Structural Adjustment Facility of the International Monetary Fund.

IN THE HOUSE OF REPRESENTATIVES

MAY 18, 1995

Mr. CASTLE (by request) introduced the following bill; which was referred to

the Committee on Banking and Financial Services

A BILL

To authorize United States contributions to the International

Development Association, the Asian Development Bank,

and the Interest Subsidy Account of the Enhanced Structural Adjustment Facility of the International Monetary

Fund.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘IDA Authorization Act

5 of 1995’’.
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1 TITLE I—INTERNATIONAL

2 DEVELOPMENT ASSOCIATION

3 SEC. 101. TENTH REPLENISHMENT.

4 The International Development Association Act (22

5 U.S.C. 284–284s) is amended by adding at the end the

6 following:

7 ‘‘SEC. 22. TENTH REPLENISHMENT.

8 ‘‘For the United States contribution pursuant to the

9 resolution of the Association entitled ‘Additions to IDA

10 Resources: Tenth Replenishment’, there are authorized to

11 be appropriated to the Secretary of the Treasury not more

12 than $1,250,000,000, without fiscal year limitation.’’.

13 TITLE II—ASIAN DEVELOPMENT

14 BANK

15 SEC. 201. FOURTH REPLENISHMENT.

16 The Asian Development Bank Act (22 U.S.C. 285–

17 285aa) is amended by adding at the end the following:

18 ‘‘SEC. 22. FOURTH REPLENISHMENT.

19 ‘‘(a) SUBSCRIPTION AUTHORITY.—

20 ‘‘(1) IN GENERAL.—The United States Gov21 ernor of the Bank may, on behalf of the United

22 States, subscribe to 276,105 shares of the increase

23 in the capital stock of the Bank—

24 ‘‘(A) 5,522 of which shall be shares of

25 paid-in capital stock; and
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1 ‘‘(B) 270,583 of which shall be shares of

2 callable capital stock.

3 ‘‘(2) SUBJECT TO APPROPRIATIONS.—The au4 thority provided by paragraph (1) shall be effective

5 only to such extent or in such amounts as are pro6 vided in advance in appropriations Acts.

7 ‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO8 PRIATIONS.—For the subscription authorized by sub9 section (a), there are authorized to be appropriated to the

10 Secretary of the Treasury not more than $3,330,792,668,

11 without fiscal year limitation.’’.

12 TITLE III—INTERNATIONAL

13 MONETARY FUND

14 SEC. 301. CONTRIBUTION TO THE ENHANCED STRUCTURAL

15 ADJUSTMENT FACILITY.

16 The Bretton Woods Agreements Act (22 U.S.C. 286–

17 286mm) is amended by adding at the end the following:

18 ‘‘SEC. 61. CONTRIBUTION TO THE INTEREST SUBSIDY AC19 COUNT OF THE ENHANCED STRUCTURAL AD20 JUSTMENT FACILITY OF THE INTER21 NATIONAL MONETARY FUND.

22 ‘‘(a) CONTRIBUTION AUTHORITY.—

23 ‘‘(1) IN GENERAL.—The United States Gov24 ernor of the Fund may, on behalf of the United

25 States, contribute $75,000,000 to the Interest Sub-
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1 sidy Account of the Enhanced Structural Adjust2 ment Facility of the Fund.

3 ‘‘(2) SUBJECT TO APPROPRIATIONS.—The au4 thority provided by paragraph (1) shall be effective

5 only to such extent or in such amounts as are pro6 vided in advance in appropriations Acts.

7 ‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO8 PRIATIONS.—For the contribution authorized by sub9 section (a), there are authorized to be appropriated to the

10 Secretary of the Treasury not more than $75,000,000,

11 without fiscal year limitation.’’.

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