Bill > HR6892

This bill authorizes the Secretary of the Treasury to purchase up to 25,124 additional shares of stock in the Inter-American Investment Corporation (IIC), a multilateral development bank focused on supporting private sector economic development in Latin America and the Caribbean. The bill includes an important limitation that these stock purchases can only be made to the extent that Congress has specifically appropriated funds for this purpose in advance. By allowing the United States to increase its shareholding in the IIC, the bill provides the Treasury with the flexibility to support the corporation's capital base, which could potentially enhance the organization's ability to provide financial services, investments, and technical assistance to businesses and economic development projects in the region. The bill requires congressional approval through the appropriations process, ensuring legislative oversight of the additional investment.

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https://www.congress.gov/bill/119th-congress/house-bill/6892/all-info