To authorize the Secretary of the Treasury to subscribe to additional shares of the capital stock of the Inter-American Investment Corporation.

# HR 6892 Summary **What the Bill Does:** This bill would authorize the U.S. Treasury Department to purchase additional shares in the Inter-American Investment Corporation (IIC), a multilateral development bank that provides financing and investment support to small and medium-sized businesses across Latin America and the Caribbean. By increasing the U.S. government's ownership stake, this bill would expand American financial commitment to the organization's operations and lending programs in the region. **Who It Affects:** The bill primarily affects U.S.

taxpayers (who fund Treasury operations), the Inter-American Investment Corporation and its member countries, and small businesses in Latin America and the Caribbean that may benefit from the corporation's financing and technical assistance programs. It could also influence U.S. economic and diplomatic relationships throughout the Americas. **Current Status:** HR 6892 is currently in committee and has not yet advanced to a floor vote in Congress. It was introduced by Representative Maria Elvira Salazar (R-FL) in the 119th Congress.