Title 22, Foreign Relations and IntercourseRelease 119-110

§285x Additional Subscription to Shares

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

Last updated Sep 22, 2026|Official source

Summary

The U.S. Governor at the Asian Development Bank may subscribe for 123,375 additional shares of the Bank’s capital stock on behalf of the United States. Any such subscription only becomes effective for the amounts Congress has approved beforehand in appropriation laws. To pay for this increase, up to $1,322,999,476 is authorized to be appropriated, without fiscal year limit, for payment by the Secretary of the Treasury. Congress finds that the Republic of China (Taiwan) is a charter member in good standing, has moved from borrower to lender at the Bank, and serves as an economic model for Asia. Congress says Taiwan should remain a full member regardless of the People’s Republic of China’s membership process, urges the President and Secretary of State to support Taiwan and oppose any effort to expel it, and directs the Secretary of the Senate and Clerk of the House to send this resolution to the President and ask him to forward it to the Bank’s Board of Governors.

Full Legal Text

Title 22, §285x

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)United States share

(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)Authorization of appropriations

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)Continued membership of Republic of China in Bank

(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

Sep 22, 2026

Release point: 119-110