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Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§283h Securities Issued by Bank; Reports to and of Securities and Exchange Commission

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XII— INTER-AMERICAN DEVELOPMENT BANK › § 283h

Last updated Apr 5, 2026|Official source

Summary

Securities the Bank issues or guarantees to raise money for its capital are treated as exempt from certain parts of the federal securities laws (see sections 77c(a)(2) and 78c(a)(12) of title 15). The Bank must still file yearly and other reports about those securities with the Securities and Exchange Commission when the Commission decides such reports are needed for the public interest or to protect investors. The SEC, after consulting the National Advisory Council on International Monetary and Financial Problems, can suspend that exemption for any or all of the Bank’s securities for a period it sets. The SEC must report to Congress each year about how this rule is working and may include views sent by registered dealer associations.

Full Legal Text

Title 22, §283h

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)Any securities issued by the Bank (including any guarantee by the Bank, whether or not limited in scope) in connection with raising of funds for including in the Bank’s capital resources as defined in article II, section 5, and article IIA, section 4, of the agreement, and any securities guaranteed by the Bank as to both principal and interest to which the commitment in article II, section 4(a)(ii), or article IIA, section 3(c), of the agreement is expressly applicable, shall be deemed to be exempted securities within the meaning of subsection (a)(2) of section 77c of title 15 and subsection (a)(12) of section 78c of title 15. The Bank shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Bank and its operations and necessary in the Public interest or for the protection of investors.
(b)The Securities and Exchange Commission, acting in consultation with the National Advisory Council on International Monetary and Financial Problems, is authorized to suspend the provisions of subsection (a) at any time as to any or all securities issued or guaranteed by the Bank during the period of such suspension. The Commission shall include in its annual reports to Congress such information as it shall deem advisable with regard to the operations and effect of this section and in connection therewith shall include any views submitted for such purpose by any association of dealers registered with the Commission.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1976—Subsec. (a). Pub. L. 94–302 struck out “ordinary” after “in the Bank’s” and inserted “and article IIA, section 4” after “article II, section 5” and “or article IIA, section 3(c)” after “article II, section 4(a)(ii)”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1976 AmendmentFor

Effective Date

of amendment by Pub. L. 94–302, see section 103(b) of Pub. L. 94–302, set out as a note under section 283c of this title.

Executive Documents

Delegation of Functions Functions of National Advisory Council on International Monetary and Financial Problems delegated to National Advisory Council on International Monetary and Financial Policies, see section 2(a) of Ex. Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under section 286b of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283h

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60