Code · BILL · 115th Congress · S. 1385 (Introduced in Senate) — To provide for a general capital increase for the North American Development Bank, and for other purposes. · Sec. 4

Sec. 4. Efficiencies and streamlining

98 words·~1 min read·/bill/115/s/1385/is/section-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of the Treasury shall direct the representatives of the United States to the Board of Directors of the North American Development Bank to use the voice and vote of the United States to seek to require the Bank to develop and implement efficiency improvements to streamline and accelerate the project certification and financing process, including through initiatives such as single certifications for revolving facilities, programmatic certification of similar groups of small projects, expansion of internal authority to approve qualified projects below certain monetary thresholds, and expedited certification for public sector projects subject to lender bidding processes.