Title: To authorize United States participation in, and contributions to, the Nineteenth Replenishment of the resources of the International Development Association, the Fifteenth Replenishment of the resources of the African Development Fund, and the seventh capital increase of the African Development Bank.
Policy area: International Affairs

Summary:
This bill authorizes the United States to contribute to (1) the 19th replenishment of the resources of the International Development Association, (2) the 15th replenishment of the resources of the African Development Fund, and (3) the 7th capital increase for the African Development Bank.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6327 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6327

To authorize United States participation in, and contributions to, the 
    Nineteenth Replenishment of the resources of the International 
 Development Association, the Fifteenth Replenishment of the resources 
 of the African Development Fund, and the seventh capital increase of 
                     the African Development Bank.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2020

 Mr. Cleaver introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To authorize United States participation in, and contributions to, the 
    Nineteenth Replenishment of the resources of the International 
 Development Association, the Fifteenth Replenishment of the resources 
 of the African Development Fund, and the seventh capital increase of 
                     the African Development Bank.

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

SECTION 1. AUTHORIZATION FOR UNITED STATES PARTICIPATION IN, AND 
              CONTRIBUTIONS TO, THE NINETEENTH REPLENISHMENT OF THE 
              RESOURCES OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION.

     The International Development Association Act (22 U.S.C. 284 et 
seq.) is amended by adding at the end the following:

``SEC. 31. NINETEENTH REPLENISHMENT.

    ``(a) The United States Governor of the International Development 
Association is authorized to contribute on behalf of the United States 
$3,004,200,000 to the nineteenth replenishment of the resources of the 
Association, subject to obtaining the necessary appropriations.
    ``(b) In order to pay for the United States contribution provided 
for in subsection (a), there are authorized to be appropriated, without 
fiscal year limitation, $3,004,200,000 for payment by the Secretary of 
the Treasury.''.

SEC. 2. AUTHORIZATION FOR UNITED STATES PARTICIPATION IN, AND 
              CONTRIBUTIONS TO, THE FIFTEENTH REPLENISHMENT OF THE 
              RESOURCES OF THE AFRICAN DEVELOPMENT FUND.

    The African Development Fund Act (22 U.S.C. 290g et seq.) is 
amended by adding at the end the following:

``SEC. 226. FIFTEENTH REPLENISHMENT.

    ``(a) The United States Governor of the Fund is authorized to 
contribute on behalf of the United States $513,900,000 to the fifteenth 
replenishment of the resources of the Fund, subject to obtaining the 
necessary appropriations.
    ``(b) In order to pay for the United States contribution provided 
for in subsection (a), there are authorized to be appropriated, without 
fiscal year limitation, $513,900,000 for payment by the Secretary of 
the Treasury.''.

SEC. 3. AUTHORIZATION FOR UNITED STATES PARTICIPATION IN, AND 
              CONTRIBUTIONS TO, THE SEVENTH CAPITAL INCREASE FOR THE 
              AFRICAN DEVELOPMENT BANK.

     The African Development Bank Act (22 U.S.C. 290i et seq.) is 
amended by adding at the end the following:

``SEC. 1345. SEVENTH CAPITAL INCREASE.

    ``(a) Subscription Authorized.--
            ``(1) The United States Governor of the Bank may subscribe 
        on behalf of the United States to 532,023 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.
    ``(b) Limitations on Authorization of Appropriations.--
            ``(1) In order to pay for the increase in the United States 
        subscription to the Bank under subsection (a), there are 
        authorized to be appropriated, without fiscal year limitation, 
        $7,286,587,008 for payment by the Secretary of the Treasury.
            ``(2) Of the amount authorized to be appropriated under 
        paragraph (1)--
                    ``(A) $437,190,016 shall be for paid in shares of 
                the Bank; and
                    ``(B) $6,849,396,992 shall be for callable shares 
                of the Bank.''.
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