Title 22 — Foreign Relations and IntercourseRelease 119-73
§284j Expropriation of United States property; loan restrictions
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XIII— - INTERNATIONAL DEVELOPMENT ASSOCIATION › § 284j
Summary
The President must tell U.S. directors at the World Bank and the International Development Association to vote against loans or uses of funds for countries that seize property of U.S. citizens or companies that are 50 percent or more U.S.-owned. It also covers countries that void contracts with those U.S. persons or that impose taxes or rules that have the same effect as taking their property.
Full Legal Text
Title 22, §284j
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The President shall instruct the United States Executive Directors of the International Bank for Reconstruction and Development and the International Development Association to vote against any loan or other utilization of the funds of the Bank and the Association 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 the 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. § 284j
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73