Senate Bill 616
117th Congress(2021-2022)
Inter-American Development Bank General Capital Increase Act of 2021
Introduced
Introduced in Senate on Mar 6, 2021
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
616
Congress
117
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.
No Senate votes have been held for this bill.
Summary
Inter-American Development Bank General Capital Increase Act of 2021
This bill requires the President to support and coordinate diplomatic engagement to secure a 10th general capital increase for the Inter-American Development Bank (IDB) and to support the creation of an environmental fund and financing facility at the IDB. The bill also authorizes the U.S. Governor of the IDB to vote in favor an $80 billion increase in the capital stock of the IDB and to subscribe on behalf of the United States to additional shares of this capital stock.
March 6, 2021
03/06/2021
Read twice and referred to the Committee on Foreign Relations.
03/06/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:47 PM