22 U.S.C. § 283r — Expropriation of United States property; loan restrictions

The President must instruct the U.S. Executive Director of the Bank to vote against any Bank loan, or other use of Bank funds, benefiting a country that has done any of the following to property owned by a U.S. citizen or by a company, partnership, or association that's at least 50% beneficially owned by U.S. citizens: (1) nationalized, expropriated, or seized ownership or control of it; (2) taken steps to break or cancel existing contracts or agreements with the U.S. owner; or (3) imposed or enforced discriminatory taxes, other exactions, or restrictive conditions, or taken other actions, that have the effect of nationalizing, expropriating, or otherwise seizing ownership or control of the property. This vote-against instruction doesn't apply if the President decides that (A) an arrangement for prompt, fair, and effective compensation has been made; (B) the parties have sent the dispute to arbitration under the Convention for the Settlement of Investment Disputes' rules; or (C) good-faith negotiations toward prompt, fair, effective compensation are underway, under the applicable rules of international law.