Title 22 — Foreign Relations and IntercourseRelease 119-73

§283l Increase in resources of the Fund for Special Operations

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XII— - INTER-AMERICAN DEVELOPMENT BANK › § 283l

Last updated Apr 6, 2026|Official source

Summary

Allows the United States Governor at the Bank to vote for a plan called "Increase of Resources of the Fund for Special Operations" and to agree that the United States will pay $750,000,000 under that plan. Congress also approves $750,000,000 for the U.S. share and says that money does not expire at the end of a fiscal year. For any of that money, the United States must use its vote to block loans from the Fund to a country while the President has suspended U.S. aid to that country because of actions on or after January 1, 1962 listed in section 2370(e)(1)(A)–(C), and the country does not fix the problem within a reasonable time.

Full Legal Text

Title 22, §283l

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled “Increase of Resources of the Fund for Special Operations” proposed by the Governors at their annual meeting in April 1964, and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States to pay to the Fund for Special Operations of the Bank, the sum of $750,000,000, in accordance with and subject to the terms and conditions of such resolution.

(b)There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $750,000,000.

(c)With respect to any dollars herein provided, the voting power of the United States shall be exercised for the purpose of disapproving any loan from the Fund for Special Operations of the Bank for any project, enterprise, or activity in any country, during any period for which the President has suspended assistance to the government of such country because of any action taken on or after January 1, 1962, by the government of such country or any government agency or subdivision within such country as specified in paragraph (A), (B), or (C) of subsection (e)(1) of section 2370 of this title, and the failure of such country within a reasonable time to take appropriate steps to discharge its obligations or provide relief in accordance with provisions of such subsection.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283l

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73