S.267 - North American Development Bank Improvement Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. Cornyn, John [R-TX] (Introduced 01/29/2019)|
|Committees:||Senate - Foreign Relations|
|Latest Action:||Senate - 01/29/2019 Read twice and referred to the Committee on Foreign Relations. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.267 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (01/29/2019)
North American Development Bank Improvement Act of 2019
This bill authorizes the Department of the Treasury to provide a capital increase for the North American Development Bank, a financial institution the United States and Mexico created to develop infrastructure that protect the environment along their shared border.
Treasury may subscribe to and purchase 150,000 shares of the bank's capital stock, to the extent that funds are appropriated for such a purpose.
Treasury shall support projects related to water pollution and conservation, waste treatment, natural gas and energy security, expanding land border crossings, and reducing pollution related to such traffic. It shall also support developing various performance measures at the bank and report to Congress about its progress imposing such measures.