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United States Code Title 22 — Foreign Relations and Intercourse

§ 290m–7. First capital increase

§ 290m–7.

First capital increase

(a)

Subscription authorized

(1)
In general

The Secretary of the Treasury is authorized to subscribe on behalf of the United States to, and make payment for, 150,000 additional shares of the capital stock of the Bank.

(2)
Limitation

Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.

(b)

Limitations on authorization of appropriations

(1)
In general

In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $1,500,000,000 for payment by the Secretary of the Treasury.

(2)
Allocation of funds

Of the amount authorized to be appropriated under paragraph (1)—

(A)

$225,000,000 shall be for paid in shares of the Bank; and

(B)

$1,275,000,000 shall be for callable shares of the Bank.