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.

Bill: 116-hr-6327
Sponsor: full_name: Rep. Cleaver, Emanuel [D-MO-5]
Introduced: 2020-03-23
Policy area: International Affairs
Subjects: Africa

International organizations and cooperation

Multilateral development programs
Latest action: action_date: 2020-03-23
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2020-03-23
action_desc: Introduced in House
text: <p>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.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6327 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.

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: 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. . 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: 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. . 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: 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. .