S. 1385 · 115th Congress
North American Development Bank Improvement Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CornynSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill authorizes the Department of the Treasury to subscribe to and make a payment for 150,000 additional shares of the capital stock of the North American Development Bank.
What it does: CRS summary · Introduced in Senate · Jun 20, 2017
North American Development Bank Improvement Act of 2017
This bill authorizes the Department of the Treasury to subscribe to and make a payment for 150,000 additional shares of the capital stock of the North American Development Bank.
Treasury shall direct the U.S. representatives to the Board of Directors of the bank to use the voice and vote of the United States to support the financing of projects related to:
- environmental infrastructure relating to water pollution, wastewater treatment, water conservation, municipal solid waste, and related matters;
- natural gas, including natural gas pipelines and combined cycle power plants, with major emphasis on cross-border energy distribution and consumption and the energy security of the United States and Mexico; and
- the expansion or new construction of international land border crossings to facilitate the flow of goods and people across the international land border between the United States and Mexico while reducing wait times at border crossings and improving air quality by reducing pollution related to vehicular and commercial traffic.
Treasury shall also direct such representatives to seek to require the bank to:
- develop and implement efficiency improvements to streamline and accelerate the bank's project certification and financing process, and
- develop performance measures that demonstrate how the projects and financing approved by the bank are meeting its mission and providing value to the region near such border.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: North American Development Bank Improvement Act of 2017
Latest action (Jun 20, 2017): Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3652)
Policy area: International Affairs · Origin: Senate · Introduced: Jun 20, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.