II 

115TH CONGRESS 

1ST SESSION S. 1385 

To provide for a general capital increase for the North American Development 

Bank, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JUNE 20, 2017 

Mr. CORNYN (for himself and Mrs. FEINSTEIN) introduced the following bill; 

which was read twice and referred to the Committee on Foreign Relations 

A BILL 

To provide for a general capital increase for the North 

American Development Bank, and for other purposes. 

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 ‘‘North American Devel5 opment Bank Improvement Act of 2017’’. 

6 SEC. 2. GENERAL CAPITAL INCREASE. 

7 Part 2 of subtitle D of title V of Public Law 103– 

8 182 (22 U.S.C. 290m et seq.) is amended by adding at 

9 the end the following: 


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1 ‘‘SEC. 547. FIRST CAPITAL INCREASE. 

2 ‘‘(a) SUBSCRIPTION AUTHORIZED.—The Secretary of 

3 the Treasury is authorized to subscribe on behalf of the 

4 United States to, and make payment for, 150,000 addi5 tional shares of the capital stock of the Bank. 

6 ‘‘(b) LIMITATION.—Any subscription by the United 

7 States to the capital stock of the Bank shall be effective 

8 only to such extent and in such amounts as are provided 

9 in advance in appropriations Acts.’’. 

10 SEC. 3. POLICY GOALS. 

11 (a) IN GENERAL.—In addition to projects within the 

12 mission and scope of the North American Development 

13 Bank on the day before the date of the enactment of this 

14 Act and pursuant to section 2 of article II of the Charter, 

15 the Secretary of the Treasury shall direct the representa16 tives of the United States to the Board of Directors of 

17 the Bank to use the voice and vote of the United States 

18 to support the financing of projects related to— 

19 (1) environmental infrastructure relating to 

20 water pollution, wastewater treatment, water con21 servation, municipal solid waste, and related mat22 ters; 

23 (2) natural gas, including natural gas pipelines 

24 and combined cycle power plants, with major empha25 sis on cross-border energy distribution and consumpVerDate Sep 11 2014 23:44 Jun 23, 2017 Jkt 069200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1385.IS S1385

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1 tion and the energy security of the United States 

2 and Mexico; and 

3 (3) the expansion or new construction of inter4 national land border crossings to help facilitate the 

5 flow of goods and people across the international 

6 land border between the United States and Mexico 

7 while reducing wait times at border crossings and 

8 improving air quality by reducing pollution related 

9 to vehicular and commercial traffic. 

10 (b) CHARTER DEFINED.—In this section, the term 

11 ‘‘Charter’’ means the Agreement Concerning the Estab12 lishment of a Border Environment Cooperation Commis13 sion and a North American Development Bank, signed at 

14 Washington and Mexico November 16 and 18, 1993, and 

15 entered into force January 1, 1994 (TIAS 12516), be16 tween the United States and Mexico. 

17 SEC. 4. EFFICIENCIES AND STREAMLINING. 

18 The Secretary of the Treasury shall direct the rep19 resentatives of the United States to the Board of Directors 

20 of the North American Development Bank to use the voice 

21 and vote of the United States to seek to require the Bank 

22 to develop and implement efficiency improvements to 

23 streamline and accelerate the project certification and fi24 nancing process, including through initiatives such as sin25 gle certifications for revolving facilities, programmatic cerVerDate Sep 11 2014 23:44 Jun 23, 2017 Jkt 069200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S1385.IS S1385

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1 tification of similar groups of small projects, expansion of 

2 internal authority to approve qualified projects below cer3 tain monetary thresholds, and expedited certification for 

4 public sector projects subject to lender bidding processes. 

5 SEC. 5. PERFORMANCE MEASURES. 

6 (a) IN GENERAL.—The Secretary of the Treasury 

7 shall direct the representatives of the United States to the 

8 Board of Directors of the North American Development 

9 Bank to use the voice and vote of the United States to 

10 seek to require the Bank to develop performance measures 

11 that— 

12 (1) demonstrate how projects and financing ap13 proved by the Bank are meeting the Bank’s mission 

14 and providing added value to the region near the 

15 international land border between the United States 

16 and Mexico; and 

17 (2) are reviewed and updated not less fre18 quently than annually. 

19 (b) REPORT TO CONGRESS.—The Secretary of the 

20 Treasury shall submit to Congress, with the submission 

21 to Congress of the budget of the President for a fiscal 

22 year under section 1105(a) of title 31, United States 

23 Code, a report on progress in imposing the performance 

24 measures described in subsection (a). 

Æ 


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