Summary: H.R.2586 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for H.R.2586. Bill summaries are authored by CRS.

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Introduced in House (04/19/1983)

Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain pending resolutions which provide for increases in the Bank's authorized capital stock and in the resources of the Fund for Special Operations. Authorizes the U.S. Governor of the Bank to subscribe to 427,396 shares of the increase in the authorized capital stock and to contribute $290,000,000 to the Fund for Special Operations. Authorizes appropriations for such purposes.

Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to additional shares of the Bank's capital stock. Authorizes appropriations for such subscription.

Authorizes the U.S. Governor to contribute $520,000,000 on behalf of the United States to the Asian Development Fund. Authorizes appropriations for such contribution.

Amends the African Development Fund Act to authorize the U.S. Governor of the Funds to contribute $150,000,000 to the Fund. Authorizes appropriations for such contribution.

Amends the International Financial Institutions Act to require the Federal Government to advance the cause of human rights by persuading international institutions to send aid to governments other than those governments which engage in a pattern of gross violations of human rights. (Current law refers to sending aid to governments other than those which engage in a "consistent" pattern of gross violations of human rights.)

Amends the International Financial Institutions Act to require the Secretary of the Treasury to report to Congress not later than 30 days after the end of each calendar quarter concerning U.S. opposition of any loan, financial or technical assistance for international financial institutions for human rights reasons.