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Title 22, Foreign Relations and IntercourseRelease 119-110

§290l–9 Capital Increase

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXVII — EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 290l–9

Last updated Sep 22, 2026|Official source

Summary

The U.S. Governor of the Bank can commit the United States to take up to 90,044 additional callable shares of the Bank’s capital under Board Resolution No. 128, adopted May 14, 2010. That commitment only counts if Congress has already approved the money ahead of time. To pay for the increase, up to $1,252,331,952 may be made available, with no fiscal year limit, for the Secretary of the Treasury to use.

Full Legal Text

Title 22, §290l–9

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Subscription authorized
(1)The United States Governor of the Bank may subscribe on behalf of the United States up to 90,044 additional callable shares of the capital stock of the Bank in accordance with Resolution No. 128 as adopted by the Board of Governors of the Bank on May 14, 2010.
(2)Any subscription by the United States to additional capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
(b)Limitations on authorization of appropriations
In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, up to $1,252,331,952 for payment by the Secretary of the Treasury.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Pub. L. 112–74, div. I, title VII, § 7081(e), Dec. 23, 2011, 125 Stat. 1260, which directed amendment of section 562(c) of Pub. L. 101–513 (22 U.S.C. 290l et seq.) by adding at the end a new par. (12), was executed to the second of two subsecs. (c) by adding this section, to reflect the probable intent of Congress. The first subsec. (c) of section 562 is set out as a note under section 2293 of this title. Subsecs. (a) and (b) were in the original (A) and (B), respectively, and pars. (1) and (2) of subsec. (a) were in the original (i) and (ii), respectively, and were editorially redesignated for purposes of codification.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290l–9

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 22, 2026

Release point: 119-110