Title 22, Foreign Relations and IntercourseRelease 119-73not60

§290i–4 Restrictions

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XXIV— AFRICAN DEVELOPMENT BANK › § 290i–4

Last updated Apr 5, 2026|Official source

Summary

Stops the President and anyone acting for the United States from, unless a law allows it, doing three things for the Bank: buying more shares, agreeing to any change to the Bank’s founding agreement that would raise the United States’ obligations or change the Bank’s purpose or functions, or making loans or other financing. One exception lets a U.S. agency that Congress created and that is legally allowed to fund international organizations give money to the Bank for technical assistance.

Full Legal Text

Title 22, §290i–4

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)11 So in original. No subsec. (b) has been enacted. Unless authorized by law, neither the President, nor any person or agency, shall, on behalf of the United States—

(1)subscribe to additional shares of stock of the Bank;

(2)vote for or agree to any amendment of the agreement which increases the obligations of the United States, or which changes the purpose or functions of the Bank; or

(3)make a loan or provide other financing to the Bank, except that funds for technical assistance 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.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290i–4

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60