Title 22 — Foreign Relations and IntercourseRelease 119-73

§285x Additional subscription to shares

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XIV— - ASIAN DEVELOPMENT BANK › § 285x

Last updated Apr 6, 2026|Official source

Summary

The U.S. Governor of the Asian Development Bank may buy 123,375 extra shares for the United States. Any purchase can happen only if Congress provides the money ahead of time in appropriation Acts. To pay for the shares, up to $1,322,999,476 may be appropriated, without fiscal year limitation, for the Secretary of the Treasury to use. Congress finds that the Republic of China (Taiwan) is a founding, active member of the Asian Development Bank, has moved from borrower to lender, and is an economic example for other Asian countries. Congress wants Taiwan to stay a full member with its status unchanged no matter how the People’s Republic of China’s membership is handled. It asks the President and Secretary of State to say they support Taiwan and oppose any effort to remove it, and directs the Secretary of the Senate and Clerk of the House to send this resolution to the President and ask him to forward it to the Bank’s Board of Governors.

Full Legal Text

Title 22, §285x

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)(1)The United States Governor of the Bank is authorized to subscribe on behalf of the United States to one hundred twenty-three thousand three hundred and seventy-five additional shares of the capital stock of the Bank.

(2)Any subscription to the capital stock of the Bank shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts.

(b)In order to pay for the increase in the United States subscription to the Bank provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $1,322,999,476 for payment by the Secretary of the Treasury.

(c)(1)The Congress hereby finds that—

(A)the Republic of China (Taiwan) is a charter member in good standing of the Asian Development Bank;

(B)the Republic of China has grown from a borrower to a lender in the Asian Development Bank; and

(C)the Republic of China provides, through its economic success, a model for other nations in Asia.

(2)It is the sense of the Congress that—

(A)Taiwan, Republic of China, should remain a full member of the Asian Development Bank, and that its status within that body should remain unaltered no matter how the issue of the People’s Republic of China’s application for membership is disposed of;

(B)the President and the Secretary of State should express support of Taiwan, Republic of China, making it clear that the United States will not countenance attempts to expel Taiwan, Republic of China, from the Asian Development Bank; and

(C)the Secretary of the Senate and Clerk of the House shall transmit a copy of this resolution to the President with the request that he transmit such copy to the Board of Governors of the Asian Development Bank.

Reference

Citations & Metadata

Citation

22 U.S.C. § 285x

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73