arrow_back Back to App

Authorizing US Subscription to Additional Inter-American Investment Corporation Shares

This bill authorizes the Treasury Secretary to purchase up to 25,124 additional shares of the Inter-American Investment Corporation (IIC). While this does not directly affect citizens' daily finances, it signals a potential increase in US commitment to financing economic development in Latin America and the Caribbean. The actual purchase is contingent upon future Congressional appropriations.
Key points
Authorizes the Secretary of the Treasury to subscribe to a maximum of 25,124 additional shares of the IIC.
The subscription is only effective if funds are explicitly provided in advance through appropriations Acts.
The legislation focuses on increasing US participation in international development finance, funded by the federal budget.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6892
Sponsor: Rep. Salazar, Maria Elvira [R-FL-27]
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To authorize the Secretary of the Treasury to subscribe to additional shares of the capital stock of the Inter-American Investment Corporation.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6892.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Authorizes the Secretary of the Treasury to subscribe to a maximum of 25,124 additional shares of the IIC.
  • The subscription is only effective if funds are explicitly provided in advance through appropriations Acts.
  • The legislation focuses on increasing US participation in international development finance, funded by the federal budget.
What is the specific legal status?

The current status is Introduced.

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 Rep. Salazar, Maria Elvira [R-FL-27].

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 2025-12-31.

CATEGORIES

Economy Public Investments