Title 22, Foreign Relations and IntercourseRelease 119-73not60

§283z–9 Multilateral Investment Fund

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XII— INTER-AMERICAN DEVELOPMENT BANK › § 283z–9

Last updated Apr 5, 2026|Official source

Summary

The Treasury Secretary may give $500,000,000 to the Multilateral Investment Fund set up under the February 11, 1992 agreements. Money from the Fund can only be sent to countries that meet four rules: have democratically elected governments, do not harbor or sponsor international terrorists, cooperate on narcotics issues, and do not show a consistent pattern of serious human rights abuses. Congress may appropriate $500,000,000 for this contribution and the funds do not expire. If an Enterprise for the Americas Multilateral Investment Fund is created, the Treasury Secretary must tell the U.S. representative not to vote for any Fund action that could significantly harm the environment unless an environmental impact assessment has been available for at least 120 days before the vote.

Full Legal Text

Title 22, §283z–9

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)The Secretary of the Treasury is authorized to contribute, and to make payment of, $500,000,000 to the Multilateral Investment Fund established pursuant to the agreements of February 11, 1992: Provided, That such funds shall only be disbursed from the Fund to countries that have governments that are democratically elected,11 So in original. The comma probably should be a semicolon. that do not harbor or sponsor international terrorists; that do not fail to cooperate in narcotics matters; and that do not engage in a consistent pattern of gross violations of internationally recognized human rights.

(b)There is hereby authorized to be appropriated without fiscal year limitation $500,000,000 for the contribution authorized in subsection (a).

(c)If an Enterprise for the Americas Multilateral Investment Fund is established pursuant to this section, the Secretary of the Treasury shall instruct the United States representative to the Fund not to vote in favor of any action proposed to be taken by the Fund which may have a significant adverse effect on the environment unless an assessment of the impact of the action on the environment has been available for at least 120 days before the vote.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283z–9

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60