To authorize the Secretary of the Treasury to subscribe to additional shares of the capital stock of the Inter-American Investment Corporation.
Legislative Progress
In CommitteeMs. Salazar introduced the following bill; which was referred to …
Summary
What This Bill Does
This bill authorizes the Secretary of the Treasury to purchase up to 25,124 additional shares in the Inter-American Investment Corporation (IIC) on behalf of the United States. The IIC is a multilateral development bank that provides financing to private businesses in Latin America and the Caribbean. Any share purchase would require separate Congressional approval through appropriations legislation.
Who Benefits and How
The Inter-American Investment Corporation gains additional capital from increased U.S. investment, enhancing its ability to provide loans and financing throughout Latin America and the Caribbean. U.S. companies doing business in Latin America benefit from the IIC's expanded lending capacity, which helps their local partners and customers access financing. Small and medium businesses in Latin America and the Caribbean gain improved access to development financing for growth and expansion.
Who Bears the Burden and How
U.S. taxpayers would ultimately fund the share purchase if Congress appropriates the money, though the shares represent an investment rather than an expenditure. The federal budget faces a potential future appropriations request, though no specific dollar amount is mandated by this bill.
Key Provisions
- Authorizes Treasury to subscribe to up to 25,124 additional shares of IIC capital stock
- Requires advance appropriations from Congress before any subscription takes effect
- Increases U.S. participation and influence in the development bank
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Authorizes the Secretary of the Treasury to subscribe to additional shares (up to 25,124) of the Inter-American Investment Corporation's capital stock on behalf of the United States.
Policy Domains
Legislative Strategy
"Increase U.S. investment and influence in the Inter-American Investment Corporation to support Latin American and Caribbean economic development"
Likely Beneficiaries
- Inter-American Investment Corporation
- U.S. foreign policy interests in Latin America and Caribbean
- Latin American and Caribbean businesses seeking development financing
- U.S. companies seeking to do business in Latin America
Likely Burden Bearers
- U.S. taxpayers (if appropriations are enacted)
- Federal budget (potential future appropriations)
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology