A bill to provide for a general capital increase for the North American Development Bank, and for other purposes.
North American Development Bank Improvement Act of 2019
This bill authorizes the Department of the Treasury to provide a capital increase for the North American Development Bank, a financial institution the United States and Mexico created to develop infrastructure that protect the environment along their shared border.
Treasury may subscribe to and purchase 150,000 shares of the bank's capital stock, to the extent that funds are appropriated for such a purpose.
Treasury shall support projects related to water pollution and conservation, waste treatment, natural gas and energy security, expanding land border crossings, and reducing pollution related to such traffic. It shall also support developing various performance measures at the bank and report to Congress about its progress imposing such measures.
Referred to the House Committee on Financial Services.
By Senator Grassley from Committee on Finance filed written report. Report No. 116-283. Additional views filed.
Read twice and referred to the Committee on Finance.
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 23.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
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