H.R. 2216 (112th): NADBank Enhancement Act of 2011

112th Congress, 2011–2013. Text as of Jun 16, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

1st Session

H. R. 2216

IN THE HOUSE OF REPRESENTATIVES

June 16, 2011

(for himself, Mr. Cuellar, Mrs. Davis of California, Mr. Dreier, Mr. Farenthold, Mr. Filner, Mr. Gonzalez, Mr. Gene Green of Texas, Mr. Grijalva, Mr. Pastor of Arizona, Mr. Reyes, Mrs. Napolitano, Mr. Pierluisi, Mr. Baca, Mr. Frank of Massachusetts, Mr. Meeks, Ms. Velázquez, Ms. Zoe Lofgren of California, Mr. Polis, and Mr. Luján) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the North American Free Trade Agreement Implementation Act to allow for amendments to the Border Environment Cooperation Agreement to promote infrastructure projects financed by the North American Development Bank in the border region to promote growth in trade and commerce between the United States and Mexico, and for other purposes.

1.

Short title

This Act may be cited as the NADBank Enhancement Act of 2011.

2.

Authority to agree to amendments to the Border Environment Cooperation Agreement

Section 545 of the North American Free Trade Agreement Implementation Act (22 U.S.C. 290m–4) is amended—

(1)

in paragraph (1), by striking and at the end;

(2)

in paragraph (2), by striking the period at the end and inserting ; and; and

(3)

by adding at the end of the following new paragraph:

(3)

change the purposes and functions of the Bank, including changes that would allow the Bank to finance infrastructure projects in the border region that promote growth in trade and commerce between the United States and Mexico, support sustainable economic development, reduce poverty, foster job creation, and promote social development in the region.

.