Title 22, Foreign Relations and IntercourseRelease 119-73not60

§290o–7 Exemption From Securities Laws for Certain Securities Issued by Bank; Reports Required

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XXX— MIDDLE EAST DEVELOPMENT BANK › § 290o–7

Last updated Apr 5, 2026|Official source

Summary

Securities the Bank issues or guarantees for borrowing are treated as exempt from certain federal securities laws, but the Bank must still file annual and other reports with the Securities and Exchange Commission as the Commission finds appropriate to protect investors. The SEC can suspend that exemption for some or all of the Bank’s securities after consulting an agency or officer the President names. The SEC must report to Congress each year about how the rule is working.

Full Legal Text

Title 22, §290o–7

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Any securities issued by the Bank (including any guaranty by the Bank, whether or not limited in scope) in connection with borrowing of funds, or the guarantee of securities as to both principal and interest, shall be deemed to be exempted securities within the meaning of section 77c(a)(2) of title 15 and section 78c(a)(12) of title 15. The Bank shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Bank and its operations and necessary in the public interest or for the protection of investors.

(b)The Securities and Exchange Commission, acting in consultation with such agency or officer as the President shall designate, may suspend the provisions of subsection (a) at any time as to any or all securities issued or guaranteed by the Bank during the period of such suspension. The Commission shall include in its annual reports to the Congress such information as it shall deem advisable with regard to the operations and effect of this section.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290o–7

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60