A bill to provide for membership for the United States in the Multilateral Investment Guarantee Agency, and for United States acceptance of the merger of the capital resources of the Inter-American Development Bank.
Title I: Multilateral Investment Guarantee Agency - Multilateral Investment Guarantee Agency Act - Authorizes the President to accept membership for the United States in the Multilateral Investment Guarantee Agency (a part of the International Bank for Reconstruction and Development). Provides for: (1) a U.S. Governor and Alternate Governor of the Agency; (2) application of certain sections of the Bretton Woods Agreements Act; (3) certain restrictions on U.S. financing of the Agency; and (4) Federal Reserve Banks acting as depositories of the Agency.
Authorizes the Secretary of the Treasury to subscribe to a specified number of shares of capital stock of the Agency. Authorizes appropriations.
Grants Federal courts jurisdiction over actions by or against the Agency.
Title II: Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Inter-American Development Bank to agree to specified amendments to the Articles of Agreement.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on International Development Institutions and Finance.
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