S. 1385: North American Development Bank Improvement Act of 2017

115th Congress · introduced 2017-06-20 · International Affairs · Latest: Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3652)

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Follow this bill, step by step

Where it came from: introduced 2017-06-20 · official record
Who proposed it: Sen. Cornyn, John [R-TX] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3652) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

North American Development Bank Improvement Act of 2017

Plain summary

North American Development Bank Improvement Act of 2017 This bill authorizes the Department of the Treasury to subscribe to and make a payment for 150,000 additional shares of the capital stock of the North American Development Bank. Treasury shall direct the U.S. representatives to the Board of Directors of the bank to use the voice and vote of the United States to support the financing of projects related to: environmental infrastructure relating to water pollution, wastewater treatment, water conservation, municipal solid waste, and related matters; natural gas, including natural gas pipelines and combined cycle power plants, with major emphasis on cross-border energy distribution and consumption and the energy security of the United States and Mexico; and the expansion or new construction of international land border crossings to facilitate the flow of goods and people across the international land border between the United States and Mexico while reducing wait times at border crossings and improving air quality by reducing pollution related to vehicular and commercial traffic. Treasury shall also direct such representatives to seek to require the bank to: develop and implement efficiency improvements to streamline and accelerate the bank's project certification and financing process, and develop performance measures that demonstrate how the projects and financing approved by the bank are meeting its mission and providing value to the region near such border.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

North American Development Bank Improvement Act of 2017

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Cornyn, John [R-TX] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Sponsor's campaign money: Sen. Cornyn, John [R-TX] reported raising $8.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s1385.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s1385 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115