Bill Sponsor
Senate Bill 267
116th Congress(2019-2020)
North American Development Bank Improvement Act of 2019
Introduced
Introduced
Introduced in Senate on Jan 29, 2019
Overview
Text
Introduced
Jan 29, 2019
Latest Action
Jan 29, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
267
Congress
116
Policy Area
International Affairs
International Affairs
Primary focus of measure is matters affecting foreign aid, human rights, international law and organizations; national governance; arms control; diplomacy and foreign officials; alliances and collective security. Measures concerning trade agreements, tariffs, foreign investments, and foreign loans may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Texas
Democrat
New Mexico
Democrat
New Mexico
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

North American Development Bank Improvement Act of 2019

This bill authorizes the Department of the Treasury to provide a capital increase for the North American Development Bank, a financial institution the United States and Mexico created to develop infrastructure that protect the environment along their shared border.

Treasury may subscribe to and purchase 150,000 shares of the bank's capital stock, to the extent that funds are appropriated for such a purpose.

Treasury shall support projects related to water pollution and conservation, waste treatment, natural gas and energy security, expanding land border crossings, and reducing pollution related to such traffic. It shall also support developing various performance measures at the bank and report to Congress about its progress imposing such measures.


Text (1)
January 29, 2019
Actions (2)
01/29/2019
Read twice and referred to the Committee on Foreign Relations.
01/29/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 3:02:55 PM