II

105TH CONGRESS

1ST SESSION S. 1082

To authorize appropriations to pay for United States contributions to certain

international financial institutions.

IN THE SENATE OF THE UNITED STATES

JULY 29, 1997

Mr. BIDEN (for himself and Mr. HAGEL) introduced the following bill; which

was read twice and referred to the Committee on Foreign Relations

A BILL

To authorize appropriations to pay for United States

contributions to certain international financial institutions.

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

3 SECTION 1. INTER-AMERICAN DEVELOPMENT BANK.

4 The Inter-American Development Bank Act (Public

5 Law 86–147; 22 U.S.C. 283 et seq.) is amended by adding

6 at the end the following new section:

7 ‘‘SEC. 39. CAPITAL INCREASE; SUBSCRIPTION AND

8 CONTRIBUTION AUTHORITY.

9 ‘‘For payment by the Secretary of the Treasury for

10 the United States capital subscription as part of the 8th
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1 general increase in the authorized capital stock of the

2 Bank, there are authorized to be appropriated, without fis3 cal year limitation—

4 ‘‘(1) $51,221,334, for payment for paid-in

5 shares of the Bank; and

6 ‘‘(2) $3,007,437,820, for payment for callable

7 shares of the Bank.’’.

8 SEC. 2. ASIAN DEVELOPMENT BANK.

9 The Asian Development Bank Act (Public Law 89–

10 369; 22 U.S.C. 285 et seq.) is amended by adding at the

11 end the following new section:

12 ‘‘SEC. 31. ADDITIONAL CONTRIBUTION TO SPECIAL FUNDS;

13 AUTHORIZATION OF APPROPRIATIONS.

14 ‘‘(a) AUTHORIZATION OF CONTRIBUTION.—The

15 United States Governor of the Bank is authorized to con16 tribute on behalf of the United States $400,000,000 to

17 the Asian Development Fund, a special fund of the Bank;

18 except that any commitment to make such contributions

19 shall be made subject to obtaining the necessary

20 appropriations.

21 ‘‘(b) AUTHORIZATION OF APPROPRIATIONS.—In

22 order to pay for the United States contribution provided

23 for in subsection (a), there are authorized to be appro24 priated, without fiscal year limitation, $200,000,000 for

25 payment by the Secretary of the Treasury.’’.
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1 SEC. 3. EUROPEAN BANK FOR RECONSTRUCTION AND DE2 VELOPMENT.

3 Section 562(c) of the European Bank for Reconstruc4 tion and Development Act (section 562(c) of Public Law

5 101–513; 22 U.S.C. 290l et seq.) is amended by adding

6 at the end the following new paragraph:

7 ‘‘(12) PARTICIPATION IN A GENERAL CAPITAL

8 INCREASE.—

9 ‘‘(A) PARTICIPATION IN A CAPITAL IN10 CREASE.—The United States participation in a

11 general capital increase of the Bank under

12 Chapter II, Article 4(3) of the Agreement, is

13 authorized.

14 ‘‘(B) INCREASE IN THE UNITED STATES

15 CAPITAL SUBSCRIPTION.—The United States

16 Governor of the Bank is authorized to subscribe

17 on behalf of the United States to 100,000 addi18 tional shares of the capital stock of the Bank

19 as part of a general capital increase, subject to

20 obtaining the necessary appropriations.

21 ‘‘(C) LIMITATION ON AUTHORIZATION OF

22 APPROPRIATIONS.—To pay for the increase in

23 the United States capital subscription, as pro24 vided in paragraph (12)(B), there are author25 ized to be appropriated, without fiscal year limi-
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1 tation, $317,525,000 for payment by the Sec2 retary of the Treasury.’’.

3 SEC. 4. INTERNATIONAL DEVELOPMENT ASSOCIATION.

4 The International Development Association Act

5 (Public Law 86–565; 22 U.S.C. 284 et seq.) is amended

6 by adding at the end the following new section:

7 ‘‘SEC. 22. ELEVENTH REPLENISHMENT.

8 ‘‘(a) IN GENERAL.—The United States Governor is

9 authorized to agree on behalf of the United States to pay

10 to the Association $1,600,000,000 for the 11th replenish11 ment of the resources of the Association, subject to obtain12 ing the necessary appropriations.

13 ‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO14 PRIATIONS.—In order to pay for the United States con15 tribution provided for in subsection (a), there are author16 ized to be appropriated, without fiscal year limitation,

17 $1,600,000,000 for payment by the Secretary of the

18 Treasury.’’.

19 SEC. 5. INTERNATIONAL MONETARY FUND.

20 Section 17 of the Bretton Woods Agreements Act (as

21 added by Public Law 87–490; 22 U.S.C. 286e–2 et seq.)

22 is amended—

23 (1) in subsection (a)—
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1 (A) by striking ‘‘and February 24, 1983’’

2 and inserting ‘‘February 24, 1983, and Janu3 ary 27, 1997’’; and

4 (B) by striking ‘‘4,250,000,000’’ and in5 serting ‘‘6,712,000,000’’;

6 (2) in subsection (b), by striking

7 ‘‘4,250,000,000’’ and inserting ‘‘6,712,000,000’’;

8 and

9 (3) in subsection (d)—

10 (A) by inserting ‘‘or the Decision of Janu11 ary 27, 1997,’’ after ‘‘February 24, 1983,’’;

12 and

13 (B) by inserting ‘‘or the New Arrange14 ments to Borrow, as the case may be’’ before

15 the period at the end.

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