I 

115TH CONGRESS 

1ST SESSION H. R. 882 

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

Bank, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 6, 2017 

Mr. CUELLAR (for himself, Mr. HURD, Mr. GENE GREEN of Texas, Mr. DOGGETT, Mr. GONZALEZ of Texas, Mr. AL GREEN of Texas, Mr. O’ROURKE, 

and Mr. VELA) introduced the following bill; which was referred to the 

Committee on Financial Services 

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 and General Capital Increase 

6 Authorization Act of 2017’’. 


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1 SEC. 2. GENERAL CAPITAL INCREASE. 

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

3 182 (22 U.S.C. 290m–290m-5) is amended by adding at 

4 the end the following: 

5 ‘‘SEC. 547. FIRST CAPITAL INCREASE. 

6 ‘‘(a) SUBSCRIPTION AUTHORIZED.— 

7 ‘‘(1) IN GENERAL.—The Secretary of the 

8 Treasury may subscribe on behalf of the United 

9 States to 150,000 additional shares of the capital 

10 stock of the Bank. 

11 ‘‘(2) LIMITATION.—Any subscription by the 

12 United States to the capital stock of the Bank shall 

13 be effective only to such extent and in such amounts 

14 as are provided in advance in appropriations Acts. 

15 ‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO16 PRIATIONS.—In order to pay for the increase in the 

17 United States subscription to the Bank under subsection 

18 (a), there are authorized to be appropriated, without fiscal 

19 year limitation, $1,500,000,000 for payment by the Sec20 retary of the Treasury, of which— 

21 ‘‘(1) $225,000,000 shall be for paid-in shares of 

22 the Bank; and 

23 ‘‘(2) $1,275,000,000 shall be for callable shares 

24 of the Bank.’’. 


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1 SEC. 3. POLICY GOALS. 

2 In addition to the North American Development 

3 Bank’s current mission and scope, the United States Gov4 ernment, in connection with its voice and vote in the Bank, 

5 shall support the financing of projects related to— 

6 (1) natural gas, including natural gas pipelines 

7 and combined cycle power plants, with major empha8 sis on cross-border energy distribution and consump9 tion and the energy security of the United States 

10 and Mexico; and 

11 (2) the expansion or new construction of inter12 national land border crossings to help facilitate the 

13 flow of goods and people across the United States14 Mexico border while reducing border wait times and 

15 improving air quality related to the vehicular and 

16 commercial traffic pollution. 

17 SEC. 4. EFFICIENCIES AND STREAMLINING. 

18 The United States Government, in connection with 

19 its voice and vote in the North American Development 

20 Bank, shall require the Bank to develop and implement 

21 efficiency improvements to streamline and accelerate the 

22 project certification and financing process, including sup23 port for initiatives such as single certifications for revolv24 ing facilities, programmatic certification of similar groups 

25 of small projects, expansion of internal authority to ap26 prove qualified projects below certain monetary thresholds, 


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1 and expedited certification for public sector projects sub2 ject to lender bidding processes. 

3 SEC. 5. PERFORMANCE MEASURES. 

4 The United States Government, in connection with 

5 its voice and vote in the North American Development 

6 Bank, shall require the Bank to develop performance 

7 measures, which shall be reported to the Congress by the 

8 Secretary of the Treasury in conjunction with the Presi9 dent’s annual budget submission. These performance 

10 measures shall demonstrate how the Bank’s approved 

11 projects and financing are meeting the Bank’s mission and 

12 providing added value to the border region. These per13 formance measures shall be reviewed and updated not less 

14 frequently than annually. 

Æ 


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