To authorize the Secretary of the Treasury to subscribe to additional shares of the capital stock of the Inter-American Investment Corporation.
Summary
H.R. 6892 authorizes the Secretary of the Treasury to subscribe to additional shares of the capital stock of the Inter-American Investment Corporation. The bill specifies a limit of 25,124 additional shares. Any subscription is contingent upon appropriations acts providing the necessary funds in advance.
Expected Effects
The bill's passage would increase the United States' investment in the Inter-American Investment Corporation. This could potentially enhance the corporation's ability to support private sector projects in Latin America and the Caribbean. However, the actual effect depends on future appropriations.
Potential Benefits
- Increased U.S. influence in the Inter-American Investment Corporation.
- Potential for enhanced economic development in Latin America and the Caribbean.
- Support for private sector initiatives in the region.
- Possible positive impact on U.S. businesses operating in the region.
- Could foster stronger diplomatic ties with countries in the Americas.
Potential Disadvantages
- Potential financial risk to U.S. taxpayers if the investments are not successful.
- Opportunity cost, as the funds could be used for other domestic priorities.
- Dependence on future appropriations, making the impact uncertain.
- Possible criticism if the investments are perceived as benefiting specific interests over others.
- Risk of the Inter-American Investment Corporation not effectively using the additional capital.
Constitutional Alignment
Article I, Section 8 of the U.S. Constitution grants Congress the power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the United States. This bill falls under the general welfare clause, as it aims to promote economic development and stability in the Americas, which could indirectly benefit the United States. However, the Constitution does not explicitly address international investment corporations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).