US HB882 | 2017-2018 | 115th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Introduced on February 6 2017 - 25% progression, died in committee
Action: 2017-02-06 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

North American Development Bank Improvement and General Capital Increase Authorization Act of 2017 This bill authorizes the Department of the Treasury to subscribe to 150,000 additional shares of the capital stock of the North American Development Bank. The U.S. government shall support the financing of projects related to: 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 the flow of goods and people across the U.S.-Mexico border while reducing wait times and improving air quality related to vehicular and commercial traffic pollution. The U.S. government shall also require the bank to develop and implement: efficiency improvements to streamline and accelerate the bank's project certification and financing process, and performance measures that demonstrate how the bank's approved projects and financing are meeting its mission and providing value to the U.S.- Mexico border region.

Tracking Information

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Title

North American Development Bank Improvement and General Capital Increase Authorization Act of 2017

Sponsors


History

DateChamberAction
2017-02-06HouseReferred to the House Committee on Financial Services.
2017-02-06HouseIntroduced in House

Same As/Similar To

SB1385 (Related) 2017-06-20 - Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3652)

Subjects


US Congress State Sources


Bill Comments

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