US Code

Public Law 119-102 (07/12/2026)

22 U.S.C. § 290m–7

First capital increase

Section text and notes

(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.

Pub. L. 103–182, title V, § 547Pub. L. 116–113, title VIII, § 831134 Stat. 96 Pub. L. 116–113, title VI, § 601134 Stat. 78 Pub. L. 116–260, div. O, title VI, § 601(a)(1)134 Stat. 2149 (, as added , , ; amended , , ; , (2), , .)

Editorial Notes

Amendments

Pub. L. 116–260, § 601(a)(1)section 601 of Pub. L. 116–1132020—, (2), provided that does not apply to this section and revived the provisions of this section as if such section 601 had not been enacted. See below.

Pub. L. 116–113, § 601Pub. L. 116–260, which repealed this section effective on the date the USMCA entered into force (), was made inapplicable to this section by section 601(a)(1), (2) of .

Statutory Notes and Related Subsidiaries

Effective Date of 2020 Amendment

Pub. L. 116–260section 601(h) of div. O of Pub. L. 116–260section 81c of Title 19Amendment by effective , see , set out as a note under , Customs Duties.