H.R. 132 would authorize appropriations of $1,500 million for the United States’ contribution to the North American Development Bank. The bank is jointly funded by the United States and Mexico and finances environmental and infrastructure projects near the border between those countries. Of the amount authorized under the bill, $225 million would be provided directly to the bank (referred to as paid-in capital) and the remaining $1,275 million would be made available if needed at a future date (callable capital).
Assuming appropriation of the specified amounts, CBO estimates that implementing H.R. 132 would cost $215 million over the 2020-2024 period (see Table 1). In addition, CBO estimates that H.R. 132 would increase direct spending by $10 million in 2020 and over the 2020-2029 period (see Table 2).
