Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§283r Expropriation of United States Property; Loan Restrictions

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

Last updated Apr 5, 2026|Official source

Summary

The President must tell the United States Executive Director at the Bank to vote against any loan or other use of the Bank’s funds that would help a country that has one of these actions against U.S. interests: it has taken over or seized property owned by a U.S. citizen or by a company at least 50 percent owned by U.S. citizens; it has tried to cancel or refuse to honor contracts with such U.S. persons or firms; or it has used unfair taxes, rules, or other measures that effectively take control of that property.

Full Legal Text

Title 22, §283r

Foreign Relations and Intercourse — Source: USLM XML via OLRC

The President shall instruct the United States Executive Director of the Bank to vote against any loan or other utilization of the funds of the Bank 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 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. § 283r

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60