22 U.S.C. § 290l–10 — Capital increase

submitted 1 year ago by Pub. L. 101-513 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 107 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. can buy up to 40,000 more shares of the Bank's paid-in capital stock. Congress must approve up to about $437 million to pay for them.

(a) Subscription authorized: The U.S. Governor of the Bank may agree, on behalf of the United States, to buy up to 40,000 additional shares of the Bank's paid-in capital stock. This only takes effect to the extent Congress approves the money in advance through appropriations laws. (b) Authorization of appropriations: To pay for this increase, Congress authorizes $437,457,804, with no fiscal-year deadline, for the Secretary of the Treasury to pay.

the actual law source: uscode.house.gov ↗public domain

(a) Subscription authorized

(1)

The United States Governor of the Bank may subscribe on behalf of the United States up to 40,000 additional shares of the paid-in capital stock of the Bank.

(2)

Any subscription by the United States to additional paid-in capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.

(b) Authorization of appropriations

In order to pay for the increase in the United States subscription to the Bank under paragraph (A), there are authorized to be appropriated, without fiscal year limitation, $437,457,804, for payment by the Secretary of the Treasury.

Source credit: (Pub. L. 101–513, title V, § 562(c)(13), as added Pub. L. 119–37, div. A, § 160, Nov. 12, 2025, 139 Stat. 507.)

history & why it existsrecord from the source credit

2025Enacted · Pub. L. 101-513 · 139 Stat. 507

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-513 on 2025-11-12.

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