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Support for Americas Development Bank: Helping Countries Manage Debt

This act aims to increase financial support for the Inter-American Development Bank. This will enable the Bank to better assist Latin American and Caribbean countries in managing their debt, especially that stemming from loans from China. The goal is to stabilize the region financially and protect U.S. interests.
Key points
Increasing the Inter-American Development Bank's capital by $80 billion, strengthening its lending capacity.
The Bank will actively help countries restructure debts owed to China, making them easier to repay.
Safeguards and transparency rules will be put in place to protect countries from excessive future borrowing.
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Expired
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Additional Information
Print number: 117_HR_7726
Sponsor: Del. Plaskett, Stacey E. [D-VI-At Large]
Process start date: 2022-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Inter-American Development Bank General Capital Increase Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7726.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-11.

What are the main provisions?

Key points include:

  • Increasing the Inter-American Development Bank's capital by $80 billion, strengthening its lending capacity.
  • The Bank will actively help countries restructure debts owed to China, making them easier to repay.
  • Safeguards and transparency rules will be put in place to protect countries from excessive future borrowing.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Del. Plaskett, Stacey E. [D-VI-At Large].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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Economy Public Investments