PRIA Logo™
Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§285c Congressional Authorization Needed for Certain Actions

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XIV— ASIAN DEVELOPMENT BANK › § 285c

Last updated Apr 5, 2026|Official source

Summary

Congress must OK by law before the United States can do certain things with the Bank. Without that approval, the President or any U.S. official or agency cannot buy more stock in the Bank, agree to changes that increase U.S. obligations or change the Bank’s purpose, or lend or give other funding to the Bank. A U.S. agency created by Congress and allowed to fund international organizations may provide up to $1,000,000 in any one year to the Bank for technical assistance.

Full Legal Text

Title 22, §285c

Foreign Relations and Intercourse — Source: USLM XML via OLRC

Unless the Congress by law authorizes such action, neither the President nor any person or agency shall, on behalf of the United States, (a) subscribe to additional shares of stock of the Bank; (b) vote for or agree to any amendment of the agreement which increases the obligations of the United States, or which would change the purpose or functions of the Bank; or (c) make a loan or provide other financing to the Bank, except that funds for technical assistance note to exceed $1,000,000 in any one year may be provided to the Bank by a United States agency created pursuant to an Act of Congress which is authorized by law to provide funds to international organizations.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Subsequent Replenishments Pub. L. 105–118, title V, § 560(a), Nov. 26, 1997, 111 Stat. 2425, provided in part that the Secretary of the Treasury may contribute on behalf of the United States to the sixth replenishment of the resources of the Asian Development Fund, subject to obtaining the necessary appropriations, and authorized $400,000,000 to be appropriated without fiscal year limitation. Pub. L. 103–87, title V, § 526, Sept. 30, 1993, 107 Stat. 952, provided in part that the Secretary of the Treasury is authorized to agree on behalf of the United States to participate in the fifth replenishment of the Asian Development Fund, subject to obtaining the necessary appropriations.

Reference

Citations & Metadata

Citation

22 U.S.C. § 285c

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60