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H.R. 4834 (114th): North American Development Bank General Capital Increase Authorization Act of 2016

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 22, 2016.


North American Development Bank General Capital Increase Authorization Act of 2016

This bill: (1) authorizes the Department of the Treasury to subscribe on behalf of the United States to 150,000 additional shares of the capital stock of the North American Development Bank, and (2) authorizes appropriations for such shares.