22 U.S.C. § 290i–13 — General callable capital increase
submitted this year by Pub. L. 97-35 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 109 words · no verdicts yet
This law lets the U.S. buy 800,000 more callable shares in the Bank. Congress must approve up to $7.8 billion before the U.S. pays for them.
(a) Subscription authorized: (1) In general: The U.S. Governor of the Bank may agree, for the United States, to buy 800,000 additional shares of the Bank's stock. (2) Limitation: This only takes effect once Congress approves the money in advance through an appropriations law.
(b) Authorization of appropriations: Congress authorizes up to $7,800,000,000, with no fiscal-year deadline, for the Secretary of the Treasury to pay for these shares. All of this money is for callable shares — shares the Bank can demand payment for later if it needs the money.
The United States Governor of the Bank may subscribe on behalf of the United States to 800,000 additional shares of the capital stock of the Bank.
Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
For the increase in the United States subscription to the Bank under subsection (a), there is authorized to be appropriated, without fiscal year limitation, $7,800,000,000, for payment by the Secretary of the Treasury for callable shares of the Bank.
Source credit: (Pub. L. 97–35, title XIII, § 1346, as added Pub. L. 119–75, div. F, title VI, § 7070(d), Feb. 3, 2026, 140 Stat. 626.)
- 2026Enacted · Pub. L. 97-35 · 140 Stat. 626
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-35 on 2026-02-03.
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