Page:United States Statutes at Large Volume 104 Part 3.djvu/683

 PUBLIC LAW 101-513—NOV. 5, 1990 104 STAT. 2035 (i) IN GENERAL.—The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank. (ii) EFFECTIVENESS OF SUBSCRIPTION COMMITMENT. — Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts. (B) LIMITATIONS ON AUTHORIZATION OF APPROPRIATIONS.— For pa3anent by the Secretary of the Treasury of the subscription of the United States for shares described in subparagraph (A), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation. (C) DISPOSITION OF NET INCOME DISTRIBUTIONS BY THE BANK.— Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt. (7) JURISDICTION AND VENUE OF CIVIL ACTIONS BY OR AGAINST 22 USC 290/-5. THE BANK. — (A) JURISDICTION.— The United States district courts shall have original and exclusive jurisdiction of any civil action brought in the United States by or against the Bank. (B) VENUE. —For purposes of section 1391(b) of title 28, United States Code, the Bank shall be deemed to be a resident of the judicial district in which the principal office of the Bank in the United States, or its agent appointed for the purpose of accepting service or notice of service, is located. (8) EFFECTIVENESS OF AGREEMENT. —The Agreement shall have 22 USC 290/-6. full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon acceptance of membership by the United States in the Bank and the entry into force of the Agreement. (9) EXEMPTION FROM SECURITIES LAWS FOR CERTAIN SECURITIES 22 USC 290/-7. ISSUED BY THE BANK; REPORTS REQUIRED. — (A) EXEMPTION FROM SECURITIES LAWS; REPORTS TO SECURI- TIES AND EXCHANGE COMMISSION.—Any Securities issued by the Bank (including any guaranty by the Bank, whether or not limited in scope) in connection with the raising of funds for inclusion in the Bank's ordinary capital resources as defined in article 7 of the Agreement and any securities guaranteed by the Bank as to both principal and interest to which the commitment in article 6, paragraph 4, of the Agreement is expressly applicable, shall l:^ deemed to be exempted securities within the meaning of section 3(a)(2) of the Securities Act of 1933 and section 3(a)(12) of the Securities Exchange Act of 1934. 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) AUTHORITY OF SECURITIES AND EXCHANGE COMMISSION TO SUSPEND EXEMPTION; REPORTS TO THE CONGRESS.— The Securities and Exchange Commission, acting in consultation with such agency or officer as the President shall designate, may suspend the provisions of subparagraph (A) at any time as to any or all securities issued or guaranteed

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