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22 U.S.C. § 290m–8 — Performance measures

submitted 6 years ago by Pub. L. 116-113 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 143 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury Secretary should push the Bank to develop yearly-updated performance measures showing its impact on the border region. The Secretary must report progress to Congress with the President's budget.

(a) In general: The Secretary of the Treasury should direct the U.S. representatives on the Bank's Board of Directors to use the United States' voice and vote to get the Bank to develop performance measures. Those measures must show how the projects and financing the Bank approves meet the Bank's mission and add value to the region near the U.S.-Mexico border, and they must be reviewed and updated at least once a year. (b) Report to Congress: The Secretary must send Congress a report on how this effort is going, at the same time the President submits the federal budget under section 1105(a) of title 31.
the actual law source: uscode.house.gov ↗public domain
(a) In general

The Secretary of the Treasury should direct the representatives of the United States to the Board of Directors of the North American Development Bank to use the voice and vote of the United States to seek to require the Bank to develop performance measures that—

(1)

demonstrate how projects and financing approved by the Bank are meeting the Bank’s mission and providing added value to the region near the international land border between the United States and Mexico; and

(2)

are reviewed and updated not less frequently than annually.

(b) Report to Congress

The Secretary of the Treasury shall submit to Congress, with the submission to Congress of the budget of the President for a fiscal year under section 1105(a) of title 31, a report on progress in imposing the performance measures described in subsection (a) of this section.

Source credit: (Pub. L. 116–113, title VIII, § 834, Jan. 29, 2020, 134 Stat. 97.)

history & why it existsrecord from the source credit
  • 2020Enacted · Pub. L. 116-113 · 134 Stat. 97

A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-113 on 2020-01-29.

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