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2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 282p Capital increases and amendment to the Articles of Agreement us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 282p 22 U.S.C. § 282p current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s282p data/legal/raw/us/code/title-22/usc22.xml 6f1bbc7b4fba317c8847ab00e8a2288181d3aa6d181cce1042224df9d053e0d0 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 5fa6af4ec9ae7387c7a2e851fa04e48e1e49d612ad35a06f08da005f85de4020 2026-07-04 official
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22 U.S.C. § 282p - Capital increases and amendment to the Articles of Agreement

Text

(a) Votes authorized The United States Governor of the Corporation is authorized to vote in favor of—

(1) a resolution to increase the authorized capital stock of the Corporation by 16,999,998 shares, to implement the conversion of a portion of the retained earnings of the Corporation into paid-in capital, which will result in the United States being issued an additional 3,771,899 shares of capital stock, without any cash contribution;

(2) a resolution to increase the authorized capital stock of the Corporation on a general basis by 4,579,995 shares; and

(3) a resolution to increase the authorized capital stock of the Corporation on a selective basis by 919,998 shares.

(b) Amendment of the Articles of Agreement The United States Governor of the Corporation is authorized to agree to and accept an amendment to article II, section 2(c)(ii) of the Articles of Agreement of the Corporation that would increase the vote by which the Board of Governors of the Corporation may increase the capital stock of the Corporation from a four-fifths majority to an eighty-five percent majority.

(Aug. 11, 1955, ch. 788, § 18, as added Pub. L. 116136, div. B, title XI, § 21012(b)(2), Mar. 27, 2020, 134 Stat. 594.)

Notes

Statutory Notes and Related Subsidiaries

Purposes; Effective DatePub. L. 116136, div. B, title XI, § 21012(a), Mar. 27, 2020, 134 Stat. 593, provided that: “For purposes of strengthening the ability of foreign countries to prevent, prepare for, and respond to coronavirus and to the adverse economic impacts of coronavirus, in a manner that would protect the United States from the spread of coronavirus and mitigate an international economic crisis resulting from coronavirus that may pose a significant risk to the economy of the United States, each paragraph of subsection (b) [enacting this section and sections 284cc, 290g25, and 290i12 of this title and amending section 286e2 of this title] shall take effect upon enactment of this Act [Mar. 27, 2020].” [For definition of “coronavirus” as used in section 21012(a) of Pub. L. 116136, set out above, see section 23005 of Pub. L. 116136, set out as a note under section 162b of Title 2, The Congress.]