dreamproit/uscode huggingface dataset:
22 U.S.C. § 283z–6 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–6. Investment in human capital
(a) In general
The Secretary of the Treasury shall instruct the United States Executive Director of the Inter-American Development Bank to propose and use the voice and vote of such director, during the 4-year period beginning on January 1, 1990, to vigorously promote an increase in the proportion of Bank lending in support of projects and programs which support investments in human capital and to seek the rapid implementation by the Bank of systematic mechanisms of consultation with locally affected populations in borrower countries either directly or through appropriate representative non-governmental organizations.
(b) “Investments in human capital” defined
As used in subsection (a) of this section, the term “investments in human capital” means investments in projects, policies, and programs designed to improve urban and rural health care and sanitation, basic nutrition, education, the small-producer private sector, the economic activities of women, and the development of indigenous non-governmental organizations.
(Pub. L. 86–147, § 34, as added Pub. L. 101–240, title II, § 202(a), Dec. 19, 1989, 103 Stat. 2498.)
heading: Report to Congress
text: Pub. L. 101–240, title II, § 202(b), Dec. 19, 1989, 103 Stat. 2498, provided that: “The Chairman of the National Advisory Council on International Monetary and Financial Policies shall include in the report required by section 1701 of the International Financial Institutions Act [22 U.S.C. 262r] for fiscal year 1991 a report on the efforts undertaken by the United States Executive Director of the Inter-American Development Bank, and the progress to date, in achieving the objectives of section 34 of the Inter-American Development Bank Act [22 U.S.C. 283z–6].”
22 U.S.C. § 283z–7 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–7. Limitations on policy based lending
The Secretary of the Treasury shall—
(1) take all necessary steps to encourage the Bank to limit the aggregate value of the policy based loans made by the Bank (other than policy based loans made to any country which the Bank has determined is economically less developed or has a limited market economy, which are used to purchase sovereign debt of such country or to reduce the debt or debt service burden of such country) during the 4-year period beginning on January 1, 1990, to 25 percent of the aggregate value of all loans made by the Bank during such 4-year period;
(2) take all necessary steps to encourage the Bank to limit the aggregate value of the policy based loans made by the Bank to the government of a particular country during such 4-year period, to 50 percent of the aggregate value of all loans made by the Bank to such government during such 4-year period;
(3) instruct the United States Executive Director of the Bank to explore with the other Executive Directors of the Bank ways to use a portion of the resources made available to the Bank by reason of the subscription and contribution described in section 283z–5(a)(2) of this title for debt reduction and debt service reduction for countries described in paragraph (1); and
(4) before the end of the 12-month period beginning on December 19, 1989, report to the Congress on the matters described in paragraph (3).
(Pub. L. 86–147, § 35, as added Pub. L. 101–240, title II, § 203, Dec. 19, 1989, 103 Stat. 2498.)
22 U.S.C. § 283z–8 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–8. Increase in lending to Caribbean
The Secretary of the Treasury shall instruct the United States Executive Director of the Bank to enter into discussions with the management of the Bank and with other member country governments to seek to increase Bank lending to the Caribbean region, directly or through appropriate financial intermediaries, for viable projects which will—
(1) result in expanded regional economic integration, diversification, and industrial and agricultural production, and improved infrastructure; and
(2) seek to ensure equitable and environmentally sustainable economic growth.
(Pub. L. 86–147, § 36, as added Pub. L. 101–240, title II, § 204, Dec. 19, 1989, 103 Stat. 2499.)
22 U.S.C. § 283z–9 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–9. Multilateral Investment Fund
(a) Authorization of contribution
The Secretary of the Treasury is authorized to contribute, and to make payment of, $500,000,000 to the Multilateral Investment Fund established pursuant to the agreements of February 11, 1992: Provided, That such funds shall only be disbursed from the Fund to countries that have governments that are democratically elected,1 that do not harbor or sponsor international terrorists; that do not fail to cooperate in narcotics matters; and that do not engage in a consistent pattern of gross violations of internationally recognized human rights.
(b) Authorization of appropriations
There is hereby authorized to be appropriated without fiscal year limitation $500,000,000 for the contribution authorized in subsection (a) of this section.
(c) Environmental assessment of actions
If an Enterprise for the Americas Multilateral Investment Fund is established pursuant to this section, the Secretary of the Treasury shall instruct the United States representative to the Fund not to vote in favor of any action proposed to be taken by the Fund which may have a significant adverse effect on the environment unless an assessment of the impact of the action on the environment has been available for at least 120 days before the vote.
(Pub. L. 86–147, § 37, as added Pub. L. 102–391, title V, § 594(b), Oct. 6, 1992, 106 Stat. 1693.)
22 U.S.C. § 283z–10 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–10. Focus on low-income areas of Latin America and Caribbean
The Secretary of the Treasury shall direct the United States Executive Director of the Bank to use the voice and vote of the United States to support an increased focus on the poorest countries in Latin America and the Caribbean, and on poorer areas of better off countries, and to support programs conducted by the Multilateral Investment Fund, particularly in targeting low-income countries and populations, working with nongovernmental organizations and training and assisting former combatants from civil conflicts in Latin America.
(Pub. L. 86–147, § 38, as added Pub. L. 103–306, title V, § 526(f), Aug. 23, 1994, 108 Stat. 1634.)
22 U.S.C. § 283z–11 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–11. First replenishment of the resources of the Enterprise for the Americas Multilateral Investment Fund
(a) Contribution authority
(1) In general
The Secretary of the Treasury may contribute on behalf of the United States $150,000,000 to the first replenishment of the resources of the Enterprise for the Americas Multilateral Investment Fund.
(2) Subject to appropriations
The authority provided by paragraph (1) may be exercised only to the extent and in the amounts provided for in advance in appropriations Acts.
(b) Limitations on authorization of appropriations
For the United States contribution authorized by subsection (a), there are authorized to be appropriated not more than $150,000,000, without fiscal year limitation, for payment by the Secretary of the Treasury.
(Pub. L. 86–147, § 39, as added Pub. L. 109–289, div. B, title II, § 20410, as added Pub. L. 110–5, § 2, Feb. 15, 2007, 121 Stat. 25.)
22 U.S.C. § 283z–12 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–12. Authority to vote for and contribute to an increase in resources of the Fund for Special Operations; providing debt relief to Haiti
(a) Vote authorized
In accordance with section 283c of this title, the United States Governor of the Bank is authorized to vote in favor of a resolution to increase the resources of the Fund for Special Operations up to $479,000,000, in furtherance of providing debt relief for Haiti in view of the Cancun Declaration of March 21, 2010, which provides that:
(1) Haiti’s debts to the Fund for Special Operations are to be cancelled;
(2) Haiti’s remaining local currency conversion obligations to the Fund for Special Operations are to be cancelled;
(3) undisbursed balances of existing loans of the Fund for Special Operations to Haiti are to be converted to grants; and
(4) the Fund for Special Operations is to make available significant and immediate grant financing to Haiti as well as appropriate resources to other countries remaining as borrowers within the Fund for Special Operations, consistent with paragraph 6 of the Cancun Declaration of March 21, 2010.
(b) Contribution authority
To the extent and in the amount provided in advance in appropriations Acts the United States Governor of the Bank may, on behalf of the United States and in accordance with section 283c of this title, contribute up to $252,000,000 to the Fund for Special Operations, which will provide for debt relief of:
(1) up to $240,000,000 to the Fund for Special Operations;
(2) up to $8,000,000 to the International Fund For Agricultural Development (IFAD); and
(3) up to $4,000,000 for the International Development Association (IDA).
(c) Authorization of appropriations
To pay for the contribution authorized under subsection (b), there are authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury $212,000,000, for the United States contribution to the Fund for Special Operations.
(Pub. L. 86–147, § 40, as added Pub. L. 111–212, title I, § 1009, July 29, 2010, 124 Stat. 2330.)
22 U.S.C. § 283z–13 (FOREIGN RELATIONS AND INTERCOURSE)
§ 283z–13. Ninth Capital Increase
(a) Vote authorized
The United States Governor of the Bank is authorized to vote in favor of a resolution to increase the capital stock of the Bank by $70,000,000,000 as described in Resolution AG–7/10, “Report on the Ninth General Capital Increase in the resources of the Inter-American Development Bank” as approved by Governors on July 21, 2010.
(b) Subscription authorized
(1) The United States Governor of the Bank may subscribe on behalf of the United States to 1,741,135 additional shares of the capital stock of the Bank.
(2) Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
(c) Limitations on authorization of appropriations
(1) In order to pay for the increase in the United States subscription to the Bank under subsection (b), there are authorized to be appropriated, without fiscal year limitation, $21,004,064,337 for payment by the Secretary of the Treasury.
(2) Of the amount authorized to be appropriated under paragraph (1)—
(A) $510,090,175 shall be for paid in shares of the Bank; and
(B) $20,493,974,162 shall be for callable shares of the Bank.
(Pub. L. 86–147, § 41, as added Pub. L. 112–74, div. I, title VII, § 7081(c), Dec. 23, 2011, 125 Stat. 1260.)
22 U.S.C. § 283aa (FOREIGN RELATIONS AND INTERCOURSE)
§ 283aa. Acceptance of membership
The President is hereby authorized to accept membership for the United States in the Inter-American Investment Corporation (hereinafter in this subchapter referred to as the “Corporation”) provided for by the agreement establishing the Corporation (hereinafter in this subchapter referred to as the “agreement”) deposited in the archives of the Inter-American Development Bank.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 202 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
heading: Short Title
text: Section 201 of title II of S. 2416, as introduced in the Senate Mar. 13, 1984, and as enacted into permanent law by Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1885, provided that: “This title [enacting this subchapter and amending section 276c–2 of this title and section 24 of Title 12, Banks and Banking] may be cited as the ‘Inter-American Investment Corporation Act’.”
22 U.S.C. § 283bb (FOREIGN RELATIONS AND INTERCOURSE)
§ 283bb. Governor, Director, and alternates
The Governor and Executive Director of the Inter-American Development Bank, and the alternate for each of them, appointed under section 283a of this title, shall serve as Governor, Director, and alternates, respectively, of the Corporation.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 203 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
22 U.S.C. § 283cc (FOREIGN RELATIONS AND INTERCOURSE)
§ 283cc. Applicability of Bretton Woods Agreements Act
The provisions of section 286b of this title shall apply with respect to the Corporation to the same extent as with respect to the International Bank for Reconstruction and Development and the International Monetary Fund.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885; Pub. L. 101–240, title V, § 541(e)(3), Dec. 19, 1989, 103 Stat. 2518.)
heading: Codification
text: Section is based on section 204 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
heading: Amendments
text: 1989—Pub. L. 101–240 struck out at end “Reports with respect to the Corporation under paragraphs (5) and (6) of subsection (b) of section 286b of this title shall be included in the first and subsequent reports made thereunder after the United States accepts membership in the Corporation.”
22 U.S.C. § 283dd (FOREIGN RELATIONS AND INTERCOURSE)
§ 283dd. Restrictions
(a) 1 Unless authorized by law, neither the President nor any person or agency shall, on behalf of the United States—
(1) subscribe to additional shares of stock of the Corporation;
(2) vote for or agree to any amendment of the agreement which increases the obligations of the United States, or which changes the purpose or functions of the Corporation; or
(3) make a loan or provide other financing to the Corporation.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 205 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
22 U.S.C. § 283ee (FOREIGN RELATIONS AND INTERCOURSE)
§ 283ee. Federal Reserve banks as depositories
Any Federal Reserve bank which is requested to do so by the Corporation shall act as its depository or as its fiscal agent, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 206 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
22 U.S.C. § 283ff (FOREIGN RELATIONS AND INTERCOURSE)
§ 283ff. Subscription of stock
(a) Secretary of the Treasury as subscribing authority
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to five thousand one hundred shares of the capital stock of the Corporation: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
(b) Authorization of appropriations
There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the subscription of the United States for those shares, $51,000,000.
(c) Disposition of dividends
Any payment of dividends made to the United States by the Corporation shall be deposited into the Treasury as a miscellaneous receipt.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 207 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
heading: First General Capital Increase
text: Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 594], Nov. 29, 1999, 113 Stat. 1535, 1501A–122, provided in part that the Secretary of the Treasury may effect the United States participation in the first general capital increase of the Inter-American Investment Corporation, and authorized $125,180,000 to be appropriated without fiscal year limitation for payment by the Secretary for paid-in capital of the Corporation.
22 U.S.C. § 283gg (FOREIGN RELATIONS AND INTERCOURSE)
§ 283gg. Jurisdiction of United States courts
For the purposes of any civil action which may be brought within the United States, its territories or possessions, or the Commonwealth of Puerto Rico, by or against the Corporation in accordance with the agreement, the Corporation shall be deemed to be an inhabitant of the Federal judicial district in which its principal office within the United States or its agent appointed for the purpose of accepting service or notice of service is located, and any such action to which the Corporation shall be a party shall be deemed to arise under the laws of the United States, and the district courts of the United States, including the courts enumerated in section 460 of title 28, shall have original jurisdiction of any such action. When the Corporation is a defendant in any action in a State court, it may at any time before the trial thereof remove the action into the appropriate district court of the United States by following the procedure for removal provided in section 1446 of title 28.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 208 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
22 U.S.C. § 283hh (FOREIGN RELATIONS AND INTERCOURSE)
§ 283hh. Effectiveness of agreement
Article VI, section 4(c), and article VII, sections 2 to 9, both inclusive, of the agreement shall have full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon acceptance of membership by the United States in the Corporation.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 209 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
22 U.S.C. § 283ii (FOREIGN RELATIONS AND INTERCOURSE)
§ 283ii. Securities issued by the Corporation
(a) Exempted securities
Any securities issued by the Corporation (including any guarantee by the Corporation, whether or not limited in scope) in connection with the raising of funds for inclusion in the Corporation’s resources as defined in article II, section 2 of the agreement, and any securities guaranteed by the Corporation as to both principal and interest to which the commitment in article II, section 2(e) of the agreement is expressly applicable, shall be deemed to be exempted securities within the meaning of section 77c(a)(2) of title 15 and section 78c(a)(12) of title 15. The Corporation shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Corporation and its operations as necessary in the public interest or for the protection of investors.
(b) Suspension by Securities and Exchange Commission
The Securities and Exchange Commission, acting in consultation with such agency or officer as the President shall designate, is authorized to suspend the provisions of subsection (a) of this section at any time as to any or all securities issued or guaranteed by the Corporation during the period of such suspension. The Commission shall include in its annual reports to Congress such information as it shall deem advisable with regard to the operations and effect of this section and in connection therewith shall include any views submitted for such purpose by any association of dealers registered with the Commission.
(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
heading: Codification
text: Section is based on section 210 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
heading: Delegation of Functions
text: Section 2 of Ex. Ord. No. 12567, Oct. 2, 1986, 51 F.R. 35495, provided that: “The functions vested in the President by Section 210 of the Inter-American Investment Corporation Act [this section] are hereby delegated to the Secretary of the Treasury.”
22 U.S.C. § 284 (FOREIGN RELATIONS AND INTERCOURSE)
§ 284. Acceptance of membership by United States in International Development Association
The President is hereby authorized to accept membership for the United States in the International Development Association (hereinafter referred to as the “Association”), provided for by the Articles of Agreement (hereinafter referred to as the “Articles”) of the Association deposited in the archives of the International Bank for Reconstruction and Development.
(Pub. L. 86–565, § 2, June 30, 1960, 74 Stat. 293.)
heading: Short Title
text: Pub. L. 86–565, § 1, June 30, 1960, 74 Stat. 293, provided that: “This Act [enacting this subchapter] may be cited as the ‘International Development Association Act’.”
heading: Par Value Modification
text: For Congressional direction that the Secretary of the Treasury maintain the value in terms of gold of the International Development Association’s holdings of United States dollars following the establishment of a par value of the dollar at $38 for a fine troy ounce of gold pursuant to the Par Value Modification Act and for the authorization of the appropriations necessary to provide such maintenance of value, see section 5152 of Title 31, Money and Finance.
22 U.S.C. § 284a (FOREIGN RELATIONS AND INTERCOURSE)
§ 284a. Governor, executive director, and alternates of Association
The Governor and Executive Director of the International Bank for Reconstruction and Development, and the alternate for each of them, appointed under section 286a of this title, shall serve as Governor, Executive Director and alternates, respectively, of the Association.
(Pub. L. 86–565, § 3, June 30, 1960, 74 Stat. 293.)
22 U.S.C. § 284b (FOREIGN RELATIONS AND INTERCOURSE)
§ 284b. National Advisory Council on International Monetary and Financial Problems
The provisions of section 286b of this title, shall apply with respect to the Association to the same extent as with respect to the International Bank for Reconstruction and Development and the International Monetary Fund.
(Pub. L. 86–565, § 4, June 30, 1960, 74 Stat. 294; Pub. L. 101–240, title V, § 541(e)(4), Dec. 19, 1989, 103 Stat. 2518.)
heading: Amendments
text: 1989—Pub. L. 101–240 struck out at end “Reports with respect to the Association under paragraphs (5) and (6) of subsection (b) of section 286b of this title, shall be included in the first report made thereunder after the establishment of the Association and in each succeeding report.”
heading: Delegation of Functions
text: Functions of National Advisory Council on International Monetary and Financial Problems under this section delegated to National Advisory Council on International Monetary and Financial Policies, see section 2(a) of Ex. Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under section 286b of this title.
22 U.S.C. § 284c (FOREIGN RELATIONS AND INTERCOURSE)
§ 284c. Congressional authorization needed for certain actions
Unless Congress by law authorizes such action, neither the President nor any person or agency shall, on behalf of the United States, (a) subscribe to additional funds under article III, section 1, of the articles; (b) accept any amendment under article IX of the articles; or (c) make a loan or provide other financing to the Association.
(Pub. L. 86–565, § 5, June 30, 1960, 74 Stat. 294.)