Title 22 — Foreign Relations and IntercourseRelease 119-73
§283r Expropriation of United States property; loan restrictions
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XII— - INTER-AMERICAN DEVELOPMENT BANK › § 283r
Summary
The President must tell the U.S. Executive Director of the Bank to vote against any loan for a country that has taken over property of United States citizens or of companies at least 50 percent owned by United States citizens, refused to honor contracts, or imposed unfair taxes or rules to seize property.
Full Legal Text
Title 22, §283r
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The President shall instruct the United States Executive Director of the Bank to vote against any loan or other utilization of the funds of the Bank for the benefit of any country which has—
(1)nationalized or expropriated or seized ownership or control of property owned by any United States citizen or by any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens;
(2)taken steps to repudiate or nullify existing contracts or agreements with any United States citizen or any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens; or
(3)imposed or enforced discriminatory taxes or other exactions, or restrictive maintenance or operational conditions, or has taken other actions, which have the effect of nationalizing, expropriating, or otherwise seizing ownership or control of property so owned;
Reference
Citations & Metadata
Citation
22 U.S.C. § 283r
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73