Title 22 — Foreign Relations and IntercourseRelease 119-73
§290l–4 Subscription of stock
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XXVII— - EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 290l–4
Summary
Treasury may buy 100,000 Bank shares for the U.S. if Congress provides funding; up to $1,167,010,000 can be appropriated without fiscal-year limit, and Bank net income paid to the U.S. must go into the Treasury as miscellaneous receipts.
Full Legal Text
Title 22, §290l–4
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)(1)The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank.
(2)Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts.
(b)For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation.
(c)Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Subsecs. (a) to (c) were in the original (A) to (C), respectively, and pars. (1) and (2) of subsec. (a) were in the original (i) and (ii), respectively, and were editorially redesignated for purposes of codification.
Statutory Notes and Related Subsidiaries
First General Capital Increase Pub. L. 105–118, title V, § 560(a), Nov. 26, 1997, 111 Stat. 2425, provided in part that the Secretary of the Treasury may, to effect the United States participation in the first general capital increase of the European Bank for Re
Construction
and Development, subscribe to and make payment for 100,000 additional shares of the capital stock of the Bank on behalf of the United States, and authorized $285,772,500 for paid-in capital and $984,327,500 for callable capital of the European Bank for Re
Construction
and Development to be appropriated without fiscal year limitation, subject to obtaining the necessary appropriations.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290l–4
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73