H.R. 2832 (98th): Multilateral Development Bank Act of 1983

Introduced:
Apr 28, 1983 (98th Congress, 1983–1984)
Status:
Died (Reported by Committee)
Sponsor
Jerry Patterson
Representative for California's 38th congressional district
Party
Democrat
Related Bills
H.R. 3959 (Related)
Supplemental Appropriations Act, 1984

Signed by the President
Nov 30, 1983

H.Res. 251 (rule)

Introduced
Last Action: Jun 29, 1983

 
Status

This bill was introduced on May 5, 1983, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 28, 1983
Referred to Committee Apr 28, 1983
Reported by Committee May 05, 1983
 
Full Title

A bill to provide for increased participation by the United States in the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund.

Summary

No summaries available.

Cosponsors
8 cosponsors (6D, 2R) (show)
Committees

House Financial Services

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


5/16/1983--Reported to House amended.
(Reported to House from the Committee on Banking, Finance and Urban Affairs with amendment, H.Rept. 98-178) Multilateral Development Bank Act of 1983 - Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain pending resolutions which provide for increases in the Bank's authorized capital stock and in the resources of the Fund for Special Operations. Authorizes the U.S. Governor of the Bank to subscribe to 427,396 shares of the increase in the authorized capital stock and to contribute $380,000,000 to the Fund for Special Operations. Authorizes appropriations for such purposes.
Declares that it is U.S. policy that no actions concerning personnel of the Inter-American, African, or Asian Development Banks shall be based on the political philosophy or activity of the individual involved.
Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to additional shares of the Bank's capital stock.
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.
Amends the African Development Fund Act to authorize the U.S. Governor of the Funds to contribute $150,000,000 to the Fund. Authorizes appropriations for such contribution.
Amends the International Financial Institutions Act to require the Federal Government to advance the cause of human rights by persuading international institutions to send aid to governments other than those governments which engage in a pattern of gross violations of human rights.
(Current law refers to sending aid to governments other than those which engage in a "consistent" pattern of gross violations of human rights.) Amends the International Financial Institutions Act to require the Secretary of the Treasury to report to Congress not later than 30 days after the end of each calendar quarter concerning U.S. opposition of any loan, financial or technical assistance for international financial institutions for human rights reasons.
Expresses the sense of Congress concerning the role of multilateral development institutions in promoting development abroad.
Directs the Secretary of the Treasury to study and report to Congress on how the multilateral development institutions could more actively:
(1) encourage foreign direct investment and commercial capital flows; and
(2) channel such investment and capital flows to developing countries through a new investment banking facility at one or more of these institutions.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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