The United States may subscribe to 40,000 more shares of the European Bank
Making continuing appropriations and extensions for fiscal year 2026, and for other purposes, section 5, Sec. 5.
Written by .
The United States may subscribe to 40,000 more shares of the European Bank
The document says “can”Who acts: United States Governor of the European Bank for Reconstruction and DevelopmentHow: statuteSec. 5 in the PDF
What the document says
“The United States Governor of the Bank may subscribe on behalf of the United States up to 40,000 additional shares of the paid-in capital stock of the Bank.”
Section 160 of division A amends section 562(c) of the European Bank for Reconstruction and Development Act by adding a capital increase paragraph. The subscription takes effect only to the extent provided in advance in appropriations Acts, and the new paragraph authorizes $437,457,804, without fiscal year limitation, for the Secretary of the Treasury to pay for it.
What the document actually says
“The United States Governor of the Bank may subscribe on behalf of the United States up to 40,000 additional shares of the paid-in capital stock of the Bank.”
That sentence, in plain words
The person who speaks for our country at this bank may buy more shares. Up to forty thousand of them.
What this is about
The bank is owned by many countries. Buying shares raises the money it can lend. Congress still has to hand over the cash first.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026, Public Law 119-37, sec. 5, 139 Stat. 496 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ37/html/PLAW-119publ37.htm
This page
“The United States may subscribe to 40,000 more shares of the European Bank,” Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026, section 5, Sec. 5. Read the Mandate, https://readthemandate.org/continuing-appropriations-agriculture-legislative/proposal/sec05-ebrd-capital-increase/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
