Title 22, Foreign Relations and IntercourseRelease 119-102
§285 Acceptance of Membership by United States in Asian Development Bank
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XIV — ASIAN DEVELOPMENT BANK › § 285
Summary
The President may accept U.S. membership in the Asian Development Bank under the agreement filed with UN archives.
Full Legal Text
Title 22, §285
Foreign Relations and Intercourse, Source: USLM XML via OLRC
The President is hereby authorized to accept membership for the United States in the Asian Development Bank (hereinafter referred to as the “Bank”) provided for by the agreement establishing the Bank (hereinafter referred to as the “agreement”) deposited in the archives of the United Nations.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Short Title
Pub. L. 89–369, § 1, Mar. 16, 1966, 80 Stat. 71, provided: “That this Act [enacting this subchapter and amending section 24 of Title 12, Banks and Banking] may be cited as the ‘Asian Development Bank Act’.” Par Value ModificationFor Congressional direction that the Secretary of the Treasury maintain the value in terms of gold of the Asian Development Bank’s holdings of United States dollars following the establishment of a par value of the dollar at $38 for a fine troy ounce of gold pursuant to the Par Value Modification Act and for the authorization of the appropriations necessary to provide such maintenance of value, see section 5152 of Title 31, Money and Finance.
Reference
Citations & Metadata
Citation
22 U.S.C. § 285
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102