Title 22 — Foreign Relations and IntercourseRelease 119-73
§290i–4 Restrictions
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XXIV— - AFRICAN DEVELOPMENT BANK › § 290i–4
Summary
Bars the President and any U.S. entity from buying Bank shares, approving changes that increase U.S. obligations or alter its purpose, or financing the Bank unless Congress permits. A Congress-created agency authorized to fund international organizations may provide technical-assistance funds.
Full Legal Text
Title 22, §290i–4
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)11 So in original. No subsec. (b) has been enacted. Unless authorized by law, neither the President, nor any person or agency, shall, on behalf of the United States—
(1)subscribe to additional shares of stock of the Bank;
(2)vote for or agree to any amendment of the agreement which increases the obligations of the United States, or which changes the purpose or functions of the Bank; or
(3)make a loan or provide other financing to the Bank, except that funds for technical assistance may be provided to the Bank by a United States agency created pursuant to an Act of Congress which is authorized by law to provide funds to international organizations.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–4
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73