SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Supporting Economic 
and National Security by Maintaining U.S. Leadership in 
Multilateral Development Banks Act’’. 
SEC. 2. CAPITAL STOCK INCREASE FOR THE INTER-
NATIONAL BANK FOR RECONSTRUCTION AND 
DEVELOPMENT. 
The Bretton Woods Agreements Act (22 U.S.C. 286– 
286tt) is amended by adding at the end the following: 
‘‘SEC. 69. CAPITAL STOCK INCREASE. 
‘‘(a) INCREASE AUTHORIZED.— 
‘‘(1) IN
GENERAL.—The United States Gov-
ernor of the Bank may— 
‘‘(A) vote for an increase of 484,102 
shares in the authorized capital stock of the 
Bank; and 
‘‘(B) subscribe on behalf of the United 
States to 81,074 additional shares of the au-
thorized capital stock of the Bank. 
‘‘(2) SUBJECT TO APPROPRIATIONS.—Any sub-
scription under paragraph (1) shall be effective only 
to such extent or in such amounts as are provided 
in advance in appropriations Acts. 
‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO-
PRIATIONS.— 
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‘‘(1) IN
GENERAL.—For subscriptions under 
subsection (a), there are authorized to be appro-
priated, 
without 
fiscal 
year 
limitation, 
$9,780,361,991 for payment by the Secretary of the 
Treasury. 
‘‘(2) ALLOCATION.—Of the amount authorized 
by paragraph (1)— 
‘‘(A) $586,821,720 shall be for paid-in 
shares of the authorized capital stock of the 
Bank; and 
‘‘(B) $9,193,540,271 shall be for callable 
shares of the authorized capital stock of the 
Bank’’. 
SEC. 3. CAPITAL STOCK INCREASE FOR THE INTER-AMER-
ICAN DEVELOPMENT BANK. 
The Inter-American Development Bank Act (22 
U.S.C. 283–283z–12) is amended by adding at the end 
the following: 
‘‘SEC. 41. CAPITAL STOCK INCREASE. 
‘‘(a) INCREASE AUTHORIZED.— 
‘‘(1) IN
GENERAL.—The United States Gov-
ernor of the Bank may— 
‘‘(A) vote in favor of the resolution pro-
viding for an increase in the authorized capital 
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stock of the Bank, as approved by the Board of 
Governors of the Bank on July 21, 2010; and 
‘‘(B) subscribe on behalf of the United 
States to 1,741,135 additional shares of the au-
thorized capital stock of the Bank. 
‘‘(2) SUBJECT TO APPROPRIATIONS.—Any sub-
scription under paragraph (1) shall be effective only 
to such extent or in such amounts as are provided 
in advance in appropriations Acts. 
‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO-
PRIATIONS.— 
‘‘(1) IN GENERAL.—For the subscription under 
subsection (a), there are authorized to be appro-
priated, 
without 
fiscal 
year 
limitation, 
$21,004,064,337 for payment by the Secretary of 
the Treasury. 
‘‘(2) ALLOCATION.—Of the amount authorized 
by paragraph (1)— 
‘‘(A) $510,090,175 shall be for paid-in 
shares of the authorized capital stock of the 
Bank; and 
‘‘(B) $20,493,974,162 shall be for callable 
shares of the authorized capital stock of the 
Bank.’’. 
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SEC. 4. CAPITAL STOCK INCREASE FOR THE AFRICAN DE-
VELOPMENT BANK. 
The African Development Bank Act (22 U.S.C. 290i– 
290i–10) is amended by adding at the end the following: 
‘‘SEC. 1344. CAPITAL STOCK INCREASE. 
‘‘(a) SUBSCRIPTION AUTHORIZED.— 
‘‘(1) IN
GENERAL.—The United States Gov-
ernor of the Bank may subscribe to 289,391 addi-
tional shares of the authorized capital stock of the 
Bank. 
‘‘(2) SUBJECT TO APPROPRIATIONS.—Any sub-
scription under paragraph (1) shall be effective only 
to such extent or in such amounts as are provided 
in advance in appropriations Acts. 
‘‘(b) LIMITATIONS ON AUTHORIZATION OF APPRO-
PRIATIONS.— 
‘‘(1) IN GENERAL.—For the subscription under 
subsection (a), there are authorized to be appro-
priated, 
without 
fiscal 
year 
limitation, 
$4,322,228,221 for payment by the Secretary of the 
Treasury. 
‘‘(2) ALLOCATION.—Of the amount authorized 
under paragraph (1)— 
‘‘(A) $259,341,759 shall be for paid-in 
shares of the authorized capital stock of the 
Bank; and 
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‘‘(B) $4,062,886,462 shall be for callable 
shares of the authorized capital stock of the 
Bank.’’. 
SEC. 5. CAPITAL STOCK INCREASE FOR THE EUROPEAN 
BANK FOR RECONSTRUCTION AND DEVELOP-
MENT. 
The European Bank for Reconstruction and Develop-
ment Act (22 U.S.C. 290l–290l–8) is amended by adding 
at the end the following: 
‘‘(12) CAPITAL STOCK INCREASE.— 
‘‘(A) SUBSCRIPTION AUTHORIZED.— 
‘‘(i) IN GENERAL.—The United States 
Governor of the Bank may subscribe on 
behalf of the United States to not more 
than 90,044 additional callable shares of 
the authorized capital stock of the Bank. 
‘‘(ii) SUBJECT TO APPROPRIATIONS.— 
Any subscription under clause (i) shall be 
effective only to such extent or in such 
amounts as are provided in advance in ap-
propriations Acts. 
‘‘(B) LIMITATIONS ON AUTHORIZATION OF 
APPROPRIATIONS.—For the subscription under 
subparagraph (A), there are authorized to be 
appropriated, without fiscal year limitation, 
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$1,252,331,952 for payment by the Secretary 
of the Treasury for callable shares of the au-
thorized capital stock of the Bank.’’. 
SEC. 6. TRANSPARENCY AND ACCOUNTABILITY. 
Title XVI of the International Financial Institutions 
Act (22 U.S.C. 262–262p–12) is amended by adding at 
the end the following: 
‘‘SEC. 1629. TRANSPARENCY AND ACCOUNTABILITY. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Bank for Reconstruction and Development, the Inter- 
American Development Bank, the European Bank for Re-
construction and Development, and the African Develop-
ment Bank to initiate discussions to advocate and promote 
efforts to— 
‘‘(1) require the government of each country re-
ceiving adjustment or budget support loans to dem-
onstrate transparent budgetary processes including 
budget publication and public scrutiny before loan or 
grant approval; 
‘‘(2) provide greater public disclosure of loan 
documents of the respective bank; and 
‘‘(3) use technology to improve multilateral de-
velopment outcomes by making available to the pub-
lic data about projects carried out using financing 
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provided by the respective bank and about programs 
of the respective bank.’’. 
SEC. 7. CORRUPTION. 
Title XVI of the International Financial Institutions 
Act (22 U.S.C. 262–262p–12) is further amended by add-
ing at the end the following: 
‘‘SEC. 1630. CORRUPTION. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Bank for Reconstruction and Development, the Inter- 
American Development Bank, the European Bank for Re-
construction and Development, and the African Develop-
ment Bank to initiate discussions in order to advocate and 
promote efforts to— 
‘‘(1) implement best practices in domestic laws 
and international conventions against corruption for 
whistleblower and witness disclosures, and protec-
tions against retaliation for internal and lawful pub-
lic disclosures by the employees of the respective 
bank and others affected by the operations of the re-
spective bank who challenge illegality or other mis-
conduct that could threaten the mission of the re-
spective bank, including— 
‘‘(A) best practices for legal burdens of 
proof; 
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‘‘(B) access to independent adjudicative 
bodies; and 
‘‘(C) results which eliminate the effects of 
proven retaliation; and 
‘‘(2) implement clear anti-corruption procedures 
setting forth circumstance under which a person will 
be barred from receiving a loan, contract, grant, 
guarantee or credit from the respective bank, and 
make the procedures available to the public.’’. 
SEC. 8. PROCUREMENT. 
Title XVI of the International Financial Institutions 
Act (22 U.S.C. 262–262p–12) is further amended by add-
ing at the end the following: 
‘‘SEC. 1631. PROCUREMENT. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Bank for Reconstruction and Development, the Inter- 
American Development Bank, the European Bank for Re-
construction and Development, and the African Develop-
ment Bank to advocate and promote efforts by the respec-
tive bank to maintain strong procurement standards that 
maintain international competitive bidding for projects 
funded by the respective bank, to maximize broad United 
States and international participation in accordance with 
sound procurement practices, including transparency, 
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broad international competition, established standards and 
documentation for bidding and bid evaluation, and cost- 
effective results for the borrowers.’’. 
SEC. 9. ARGENTINA. 
Title XVI of the International Financial Institutions 
Act (22 U.S.C. 262–262p–12) is further amended by add-
ing at the end the following: 
‘‘SEC. 1632. ARGENTINA. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States Executive Directors at the 
International Bank for Reconstruction and Development 
and the Inter-American Development Bank to— 
‘‘(1) oppose any loan to the government of Ar-
gentina (other than a loan that serves basic human 
needs); and 
‘‘(2) to initiate discussions with other executive 
directors at the respective bank to advocate and vig-
orously promote efforts to encourage Argentina to 
normalize relations with its official and private credi-
tors and elsewhere in the international community, 
including in its dealings with the International Cen-
tre for Settlement of Investment Disputes, the Paris 
Club, the Financial Action Task Force, and the 
International Monetary Fund, 
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until the Secretary determines and certifies to the Con-
gress that Argentina is normalizing its status in the inter-
national community as demonstrated by improved rela-
tions with the Financial Action Task Force, the Inter-
national Monetary Fund, and its official and private credi-
tors, including in the context of compliance with the Inter-
national Centre for Settlement of Investment Disputes. 
‘‘(b) WAIVER
AUTHORITY.—The President may 
waive the application of subsection (a)(1) if the President 
determines and reports to Congress that— 
‘‘(1) applying subsection (a)(1) would cause se-
rious harm to the national security of the United 
States; or 
‘‘(2) it is in the vital economic interests of the 
United States to do so.’’. 
Æ 
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