22 U.S.C. § 284j — Expropriation of United States property; loan restrictions

The President must instruct the United States Executive Directors of the World Bank (the International Bank for Reconstruction and Development) and the Association to vote against any loan or other use of Bank or Association funds that would benefit a country that has done any of the following: (1) nationalized, expropriated, or seized property owned by a U.S. citizen, or by a company, partnership, or association that's at least 50 percent U.S.-owned; (2) taken steps to break or cancel existing contracts with such a U.S. citizen, company, partnership, or association; or (3) imposed discriminatory taxes, other financial burdens, or restrictive operating conditions that have the effect of seizing such property. This "vote against" instruction does not apply if the President decides that: (A) a prompt, adequate, and effective compensation arrangement has been made; (B) the parties have submitted their dispute to arbitration under the Convention for the Settlement of Investment Disputes; or (C) good-faith negotiations aimed at prompt, adequate, and effective compensation — under standard international-law principles — are underway.