Title: North American Development Bank’s Pollution Solution Act
Policy area: International Affairs

Summary:
North American Development Bank's Pollution Solution Act
This bill authorizes the Department of the Treasury to purchase additional stock in the North American Development Bank and directs Treasury to advocate for the bank to support environmentally beneficial projects.
Treasury shall advocate for the bank to (1) prioritize using the additional capital raised by the stock purchase to support environmentally beneficial infrastructure projects, and (2) streamline and accelerate such projects.
Treasury shall vote to establish within the bank the U.S.-Mexico Border Public Health Trust Fund. The fund shall support environmental infrastructure projects along the U.S.-Mexico border relating to water pollution, water conservation, municipal solid waste, and other related matters. The bill appropriates $400 million for payment into the trust fund.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3895 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 3895

   To provide for a general capital increase for the North American 
               Development Bank, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 2019

Mr. Vargas (for himself, Mr. Peters, Mrs. Davis of California, and Mr. 
Levin of California) 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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``North American Development Bank's 
Pollution Solution Act''.

SEC. 2. GENERAL CAPITAL INCREASE.

    Part 2 of subtitle D of title V of Public Law 103-182 (22 U.S.C. 
290m-290m-5) is amended by adding at the end the following:

``SEC. 547. FIRST CAPITAL INCREASE.

    ``(a) Subscription Authorized.--The Secretary of the Treasury is 
authorized to subscribe on behalf of the United States to, and make 
payment for, 150,000 additional shares of the capital stock of the 
Bank.
    ``(b) Limitation.--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) Use of Capital Raised to Further Certain Policy Goals.--The 
Secretary of the Treasury shall instruct the United States Executive 
Director at the Bank to use the voice and vote of the United States to 
prioritize using the capital raised through the purchase of additional 
shares of capital stock of the Bank to further the policy goals set 
forth in section 3 of the North American Development Bank's Pollution 
Solution Act.''.

SEC. 3. POLICY GOALS.

    (a) In General.--In addition to projects within the mission and 
scope of the North American Development Bank, including wastewater 
treatment, water conservation, municipal solid waste and related 
matters, on the day before the date of the enactment of this Act and 
pursuant to section 2 of article II of the Charter, the Secretary of 
the Treasury shall direct the representatives of the United States to 
the Board of Directors of the Bank to use their voice and vote of the 
United States to support the financing of projects related to 
environmental infrastructure relating to water pollution, stormwater 
drainage, non-point pollution and any other environmentally beneficial 
infrastructure project.
    (b) Charter Defined.--In this section, the term ``Charter'' means 
the Agreement Concerning the Establishment of a Border Environment 
Cooperation Commission and a North American Development Bank, signed at 
Washington and Mexico November 16 and 18, 1993, and entered into force 
January 1, 1994 (TIAS 12516), between the United States and Mexico.

SEC. 4. EFFICIENCIES AND STREAMLINING.

    The Secretary of the Treasury shall direct the representatives of 
the United States to the Board of Directors of the North American 
Development Bank to use the voice and vote of the United States to seek 
to require the Bank to develop and implement efficiency improvements to 
streamline and accelerate projects described in section 3(a).

SEC. 5. PERFORMANCE MEASURES.

    (a) In General.--The Secretary of the Treasury shall direct the 
representatives of the United States to the Board of Directors of the 
North American Development Bank to use the voice and vote of the United 
States to seek to require the Bank to develop performance measures 
that--
            (1) demonstrate how projects and financing approved by the 
        Bank are meeting the Bank's mission and providing added value 
        to the region near the international land border between the 
        United States and Mexico; and
            (2) are reviewed and updated not less frequently than 
        annually.
    (b) Report to Congress.--The Secretary of the Treasury shall submit 
to Congress, with the submission to Congress of the budget of the 
President for a fiscal year under section 1105(a) of title 31, United 
States Code, a report on progress in imposing the performance measures 
described in subsection (a).

SEC. 6. CREATION OF THE U.S.-MEXICO BORDER PUBLIC HEALTH TRUST FUND IN 
              THE NORTH AMERICAN DEVELOPMENT BANK.

    (a) Short Title.--This section may be cited as the ``U.S.-Mexico 
Border Public Health Trust Fund Act of 2019''.
    (b) Creation of the U.S.-Mexico Border Public Health Trust Fund.--
Part 2 of subtitle D of title V of the North American Free Trade 
Agreement Implementation Act (22 U.S.C. 290m-290m-5), as amended by 
section 2 of this Act, is amended by adding at the end the following:

``SEC. 548. U.S.-MEXICO BORDER PUBLIC HEALTH TRUST FUND.

    ``(a) Establishment.--
            ``(1) In general.--The Secretary of the Treasury, in 
        consultation with the Secretary of State and the Administrator 
        of the Environmental Protection Agency, shall use the voice and 
        vote of the United States to establish, in the Bank, a trust 
        fund (which shall be known as the U.S.-Mexico Border Public 
        Health Trust Fund) which shall--
                    ``(A) focus on designing, implementing, and 
                financing, through loans and grants, environmental 
                infrastructure projects relating to water pollution, 
                wastewater treatment, water conservation, municipal 
                solid waste, and related matters along the United 
                States-Mexico border; and
                    ``(B) be administered by the Board of Directors of 
                the Bank.
            ``(2) Report to the congress.--Until the trust fund is 
        established, the Secretary of the Treasury shall submit to the 
        Committees of jurisdiction semiannual reports on the efforts 
        of, and progress made by, the Secretary in establishing the 
        trust fund.
    ``(b) Administration.--
            ``(1) In general.--The Secretary of the Treasury, in 
        consultation with the Secretary of State and the Administrator 
        of the Environmental Protection Agency (and, in the case of 
        matters relating to expenditures from the trust fund, the 
        Secretary of Homeland Security, the Secretary of Health and 
        Human Services, and the head of any department or agency of the 
        Federal Government that has made a deposit into the trust 
        fund), shall use the voice and vote of the United States--
                    ``(A) to support the development by the Bank of 
                performance measures for projects financed by the trust 
                fund;
                    ``(B) to support the regular assessment of the 
                projects by the Bank using performance measures; and
                    ``(C) to explore and support opportunities for 
                private sector co-financing of trust fund projects.
            ``(2) Report to the congress.--Within 1 year after the 
        establishment of the trust fund, and annually thereafter, the 
        Secretary of the Treasury shall submit to the Committees of 
        jurisdiction a written report on the progress made in 
        developing the performance measures referred to in paragraph 
        (1).
    ``(c) Appropriations.--
            ``(1) In general.--Out of any money in the Treasury of the 
        United States not otherwise appropriated, there are 
        appropriated $400,000,000 for payment by the Secretary of the 
        Treasury to the Bank as trustee for the trust fund, to remain 
        available until expended.
            ``(2) Authority to reprogram unobligated funds.--Any 
        department or agency of the Federal Government may deposit into 
        the trust fund any unobligated funds made available to the 
        department or agency, as the case may be.''.
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