§ 283. — Acceptance of membership by United States in InterAmerican Development Bank.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283. Acceptance of membership by United States in Inter-
American Development Bank
The President is hereby authorized to accept membership for the
United States in the Inter-American Development Bank (hereinafter
referred to as the ``Bank''), provided for by the agreement establishing
the bank (hereinafter referred to as the ``agreement'') deposited in the
archives of the Organization of American States.
(Pub. L. 86-147, Sec. 2, Aug. 7, 1959, 73 Stat. 299.)
Short Title
Section 1 of Pub. L. 86-147 provided that: ``This Act [enacting this
subchapter and amending section 24 of Title 12, Banks and Banking] may
be cited as the `Inter-American Development Bank Act'.''
Proposals for Joint Act by Participants in Inter-American Development
Bank for Increased Exploration and Exploitation of Energy and Mineral
Resources of Western Hemisphere
Pub. L. 96-259, title I, Sec. 102, June 3, 1980, 94 Stat. 430, which
required Presidential evaluation and report on a proposal for joint
action by countries of Western Hemisphere and other countries which
participate in Inter-American Development Bank to increase exploration
for and exploitation of energy and mineral resources of Western
Hemisphere through multilateral incentives, administered by Inter-
American Development Bank, was repealed by Pub. L. 101-240, title V,
Sec. 541(d)(6), Dec. 19, 1989, 103 Stat. 2518.
Par Value Modification
For Congressional direction that the Secretary of the Treasury
maintain the value in terms of gold of the Inter-American Development
Bank's holdings of United States dollars following the establishment of
a par value of the dollar at $38 for a fine troy ounce of gold pursuant
to the Par Value Modification Act and for the authorization of the
appropriations necessary to provide such maintenance of value, see
section 5152 of Title 31, Money and Finance.
