§ 283h. — Securities issued by Bank; reports to and of Securities and Exchange Commission.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283h]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283h. Securities issued by Bank; reports to and of
Securities and Exchange Commission
(a) Exempt securities; reports of Bank to Commission
Any securities issued by the Bank (including any guarantee by the
Bank, whether or not limited in scope) in connection with raising of
funds for including in the Bank's capital resources as defined in
article II, section 5, and article IIA, section 4, of the agreement, and
any securities guaranteed by the Bank as to both principal and interest
to which the commitment in article II, section 4(a)(ii), or article IIA,
section 3(c), of the agreement is expressly applicable, shall be deemed
to be exempted securities within the meaning of subsection (a)(2) of
section 77c of title 15 and subsection (a)(12) of section 78c of title
15. The Bank shall file with the Securities and Exchange Commission such
annual and other reports with regard to such securities as the
Commission shall determine to be appropriate in view of the special
character of the Bank and its operations and necessary in the Public
interest or for the protection of investors.
(b) Suspension of exemption provisions; annual reports of Commission to
Congress
The Securities and Exchange Commission, acting in consultation with
the National Advisory Council on International Monetary and Financial
Problems, is authorized to suspend the provisions of subsection (a) of
this section at any time as to any or all securities issued or
guaranteed by the Bank during the period of such suspension. The
Commission shall include in its annual reports to Congress such
information as it shall deem advisable with regard to the operations and
effect of this section and in connection therewith shall include any
views submitted for such purpose by any association of dealers
registered with the Commission.
(Pub. L. 86-147, Sec. 11, Aug. 7, 1959, 73 Stat. 301; Pub. L. 94-302,
title I, Sec. 103(a)(3), May 31, 1976, 90 Stat. 593.)
Amendments
1976--Subsec. (a). Pub. L. 94-302 struck out ``ordinary'' after ``in
the Bank's'' and inserted ``and article IIA, section 4'' after ``article
II, section 5'' and ``or article IIA, section 3(c)'' after ``article II,
section 4(a)(ii)''.
Effective Date of 1976 Amendment
For effective date of amendment by Pub. L. 94-302, see section
103(b) of Pub. L. 94-302, set out as a note under section 283c of this
title.
Delegation of Functions
Functions of National Advisory Council on International Monetary and
Financial Problems delegated to National Advisory Council on
International Monetary and Financial Policies, see section 2(a) of Ex.
Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under
section 286b of this title.
