PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Domestic and International Monetary Policy.
Congressional Research Service
Version 00 · Introduced in House · Jul 14, 1999
Amends certain Acts to authorize appropriations for: (1) the U.S. contribution to the twelfth replenishment of the International Development Association; (2) the U.S. contribution to the eighth replenishment of the African Development Fund; (3) the United States to subscribe to additional shares of capital stock of the African Development Bank, Inter-American Investment Corporation, and the Multilateral Investment Guarantee Agency; and (4) the U.S. contribution to the Heavily Indebted Poor Countries (HIPC) Trust Fund.Amends the Bretton Woods Agreements Act to authorize the Secretary of the Treasury to instruct the U.S. Executive Director of the International Monetary Fund (IMF) to vote to: (1) approve the sale of up to 10 million ounces of IMF gold and transfer the earnings on the invested profits of such sale to the Trust for Special ESAF Operations for the HIPC and the Interim ESAF Subsidy Operations (ESAF-HIPC Trust Fund); and (2) support a decision that would make available to the ESAF-HIPC Trust Fund the resources in Special Contingency Account 2 (SCA-2) of the IMF derived from the extended burdensharing arrangements adopted pursuant to IMF Decision No. 9471 (90/98), as amended, including any funds attributable to the U.S. participation in such arrangements.
People & committees
Rep. Bachus, Spencer [R-AL-6] · R–AL
Legislative record
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Referred to the Subcommittee on Domestic and International Monetary Policy.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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