Nonpartisan civic infrastructure
AllCiv·Legis1
·

22 U.S.C. § 285

U.S. CodeFederal
Acceptance of membership by United States in Asian Development Bank
About This Law
/us/usc/t22/s285
Title
22 — Foreign Relations and Intercourse
Chapter
CH7
Release
119-84
Release Date
2026-04-17

Section Text

Highlight any text to annotate
The President is hereby authorized to accept membership for the United States in the Asian Development Bank (hereinafter referred to as the “Bank”) provided for by the agreement establishing the Bank (hereinafter referred to as the “agreement”) deposited in the archives of the United Nations. (Pub. L. 89–369, § 2, Mar. 16, 1966, 80 Stat. 71.) Statutory Notes and Related Subsidiaries Short TitlePub. L. 89–369, § 1, Mar. 16, 1966, 80 Stat. 71, provided: “That this Act [enacting this subchapter and amending section 24 of Title 12, Banks and Banking] may be cited as the ‘Asian Development Bank Act’.” Par Value ModificationFor Congressional direction that the Secretary of the Treasury maintain the value in terms of gold of the Asian Development Bank’s holdings of United States dollars following the establishment of a par value of the dollar at $38 for a fine troy ounce of gold pursuant to the Par Value Modification Act and for the authorization of the appropriations necessary to provide such maintenance of value, see section 5152 of Title 31, Money and Finance.

Take Action

Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.