Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§285x Additional Subscription to Shares

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

Last updated Apr 5, 2026|Official source

Summary

The U.S. Governor at the Asian Development Bank may buy 123,375 more shares for the United States. That purchase only counts if Congress first provides the money in appropriation laws. To pay for it, up to $1,322,999,476 may be appropriated, with no fiscal year limit, for the Treasury to use. Congress finds that the Republic of China (Taiwan) is a founding member with full membership rights at the Asian Development Bank, has moved from borrower to lender there, and serves as an economic model for other Asian countries. Congress says Taiwan should remain a full member regardless of how the People’s Republic of China’s membership request is handled, asks the President and Secretary of State to support Taiwan and oppose any effort to expel it, and requests the President send this resolution to the Bank’s Board of Governors.

Full Legal Text

Title 22, §285x

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)(1)The United States Governor of the Bank is authorized to subscribe on behalf of the United States to one hundred twenty-three thousand three hundred and seventy-five additional shares of the capital stock of the Bank.

(2)Any subscription to the capital stock of the Bank shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts.

(b)In order to pay for the increase in the United States subscription to the Bank provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $1,322,999,476 for payment by the Secretary of the Treasury.

(c)(1)The Congress hereby finds that—

(A)the Republic of China (Taiwan) is a charter member in good standing of the Asian Development Bank;

(B)the Republic of China has grown from a borrower to a lender in the Asian Development Bank; and

(C)the Republic of China provides, through its economic success, a model for other nations in Asia.

(2)It is the sense of the Congress that—

(A)Taiwan, Republic of China, should remain a full member of the Asian Development Bank, and that its status within that body should remain unaltered no matter how the issue of the People’s Republic of China’s application for membership is disposed of;

(B)the President and the Secretary of State should express support of Taiwan, Republic of China, making it clear that the United States will not countenance attempts to expel Taiwan, Republic of China, from the Asian Development Bank; and

(C)the Secretary of the Senate and Clerk of the House shall transmit a copy of this resolution to the President with the request that he transmit such copy to the Board of Governors of the Asian Development Bank.

Reference

Citations & Metadata

Citation

22 U.S.C. § 285x

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60