Bill > HR4834

This bill, the North American Development Bank General Capital Increase Authorization Act of 2016, authorizes the Secretary of the Treasury to purchase an additional 150,000 shares of capital stock in the North American Development Bank (NADBank), a financial institution established by the United States and Mexico to finance environmentally beneficial projects in the border region. The bill also authorizes appropriations of up to $1.5 billion to cover the cost of these new shares, with $225 million designated for paid-in shares (money directly paid to the bank) and $1.275 billion for callable shares (funds that the bank can request if needed, but are not immediately transferred). This action is intended to increase the NADBank's capital, allowing it to undertake more projects.