Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§284j Expropriation of United States Property; Loan Restrictions

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XIII— INTERNATIONAL DEVELOPMENT ASSOCIATION › § 284j

Last updated Apr 5, 2026|Official source

Summary

The President must tell the U.S. Executive Directors at the World Bank and the International Development Association to vote against any loan or use of their funds for a country that has done any of the following. It has taken ownership or control of property belonging to U.S. citizens or companies that are 50% or more owned by U.S. citizens; it has tried to cancel or refuse to honor contracts with such U.S. citizens or companies; or it has used taxes, fees, rules, or other actions that effectively seize or take that kind of property.

Full Legal Text

Title 22, §284j

Foreign Relations and Intercourse — Source: USLM XML via OLRC

The President shall instruct the United States Executive Directors of the International Bank for Reconstruction and Development and the International Development Association to vote against any loan or other utilization of the funds of the Bank and the Association 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 the 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. § 284j

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60