Title I: - Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain resolutions which provide for an increase in the authorized capital stock of the Bank and an increase in the resources of the Fund for Special Operations. Authorizes the Governor to subscribe to 427,396 shares of the increase in the authorized capital stock of the Bank and to contribute $290,000,000 to the Fund for Special Operations. Authorizes appropriations to carry out the purposes of this Act.
Title II: - Asian Development Bank - Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to 123,375 additional shares of the capital stock of the Bank. Authorizes appropriations for such subscription.
Authorizes the U.S. Governor to contribute $520,000,000 on behalf of the United States to the Asian Development Fund. Authorizes appropriations for such contribution.
Similar Provisions Contained in H.R.3959.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Committee consideration and Mark Up Session held.
Committee on Foreign Relations. Ordered reported an original bill (S.1310) in lieu of this bill.
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