22 U.S.C. § 283r

Expropriation of United States property; loan restrictions

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The President shall instruct the United States Executive Director of the Bank to vote against any loan or other utilization of the funds of the Bank for the benefit of any country which has—(1) nationalized or expropriated or seized ownership or control of property owned by any United States citizen or by any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens;(2) taken steps to repudiate or nullify existing contracts or agreements with any United States citizen or any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens; or(3) imposed or enforced discriminatory taxes or other exactions, or restrictive maintenance or operational conditions, or has taken other actions, which have the effect of nationalizing, expropriating, or otherwise seizing ownership or control of property so owned;unless the President determines that (A) an arrangement for prompt, adequate, and effective compensation has been made, (B) the parties have submitted the dispute to arbitration under the rules of the Convention for the Settlement of Investment Disputes, or (C) good faith negotiations are in progress aimed at providing prompt, adequate, and effective compensation under the applicable principles of international law.(Pub. L. 86–147, § 21, as added Pub. L. 92–246, § 1, Mar. 10, 1972, 86 Stat. 59.)

Notes of Decisions

Cited in 2 cases, 2000–2003 · leading case: Atl. Tele-Network Inc. v. Inter-Am. Dev. Bank, 251 F. Supp. 2d 126 (D.D.C. 2003).

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Atl. Tele-Network Inc. v. Inter-Am. Dev. Bank, 251 F. Supp. 2d 126 (D.D.C. 2003). “Count One of its complaint invokes a provision of the Inter-American Development Bank Act, 22 U.S.C. § 283r, (known colloquially as “the Gonzalez Amendment”), and Count Two, a counterpart found in the Foreign Assistance Act, 22 U.”

Betteroads Asphalt Corp. v. United States, 106 F. Supp. 2d 262 (D.P.R. 2000). · cites it 3× “the President of the United States, the Secretary of State, and the United States Executive Directors of the International Bank for Reconstruction and Development (“World Bank”), the International Development Association (“IDA”), and the Inter-American Development Bank (“IDB”)…”

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