StacksVerified U.S. federal law reference

22 U.S.C. § 290m–7 — First capital increase

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
  1. (a)Subscription authorized
    1. (1)In generalThe Secretary of the Treasury is authorized to subscribe on behalf of the United States to, and make payment for, 150,000 additional shares of the capital stock of the Bank.
    2. (2)LimitationAny subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
  2. (b)Limitations on authorization of appropriations
    1. (1)In generalIn order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $1,500,000,000 for payment by the Secretary of the Treasury.
    2. (2)Allocation of fundsOf the amount authorized to be appropriated under paragraph (1)—
      1. (A)$225,000,000 shall be for paid in shares of the Bank; and
      2. (B)$1,275,000,000 shall be for callable shares of the Bank.