A bill to establish a United States-Mexico Joint Development Bank.
United States-Mexico Joint Development Bank Act - Authorizes the President to enter into an agreement with Mexico to establish a United States-Mexico Joint Development Bank for the purpose of making economic development loans to Mexico. Limits such Bank's authority to ten years.
Directs the President to appoint the U.S. Directors of such Bank. Authorizes the Secretary of the Treasury to subscribe to the capital stock of such Bank. Makes such Bank subject to the National Advisory Council on International Monetary and Financial Problems. Limits Presidential actions regarding such Bank without Congressional authorization.
Requires any Federal Reserve bank to act as a depository of such Bank, if so requested by the President. Sets forth venue and jurisdictional provisions applicable to such Bank. Exempts such Bank from taxation.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on Foreign Affairs.
Referred to Subcommittee on International Development Institutions and Finance.
Referred to Subcommittee on International Economic Policy and Trade.
Referred to Subcommittee on Inter-American Affairs.
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