Title 22 — Foreign Relations and IntercourseRelease 119-73

§282j Increase in capital stock of Corporation; subscription to additional shares

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XI— - INTERNATIONAL FINANCE CORPORATION › § 282j

Last updated Apr 6, 2026|Official source

Summary

The U.S. Governor of the Corporation may vote to add 650,000 shares to the company’s authorized stock. The Governor may also agree to buy 175,162 of those extra shares for the United States, but the purchase can only happen if Congress approves the money ahead of time in appropriation laws. Up to $175,162,000 is allowed to be provided, with no fiscal year limit, to pay for those extra U.S. shares. The Secretary of the Treasury will make the payment.

Full Legal Text

Title 22, §282j

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Corporation is authorized—

(1)to vote for an increase of 650,000 shares in the authorized capital stock of the Corporation; and

(2)to subscribe on behalf of the United States to 175,162 additional shares of the capital stock of the Corporation, except that any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b)In order to pay for the increase in the United States subscription to the Corporation provided for in this section, there are authorized to be appropriated, without fiscal year limitation, § 175,162,000 for payment by the Secretary of the Treasury.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification section 12 of act Aug. 11, 1955, is based on section 3 of H.R. 1948, Ninety-ninth Congress, as introduced Apr. 3, 1985, and enacted into law by Pub. L. 99–190.

Reference

Citations & Metadata

Citation

22 U.S.C. § 282j

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73