H.R. 4507 (99th): Multilateral Investment Guarantee Agency Act

Introduced:
Mar 25, 1986 (99th Congress, 1985–1986)
Sponsor:
Rep. Stanley Lundine [D-NY34]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 25, 1986, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 25, 1986
Cosponsors
1 cosponsors (1R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

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.

Summary

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Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/25/1986--Introduced.
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.

House Republican Conference Summary

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