SALAZAR’S IDB CAPITAL INCREASE ACT SIGNED INTO LAW, STRENGTHENING U.S. ECONOMIC LEADERSHIP IN THE WESTERN HEMISPHERE

WASHINGTON, D.C. — Representative María Elvira Salazar’s (FL-27) IDB Capital Increase Act (H.R. 6892) has been signed into law as part of H.R. 7148, the Consolidated Appropriations Act of 2026, marking another legislative win that strengthens U.S. economic leadership and engagement across the Western Hemisphere.

The law authorizes the Secretary of the Treasury to purchase 25,000 new shares of IDB Invest, the private-sector arm of the Inter-American Development Bank, expanding its capacity to finance development projects across Latin America and the Caribbean.

This investment will create new opportunities for American companies, increase U.S. influence within the region’s leading development institution, and support economic growth and stability throughout the hemisphere.

“America benefits from a strong and economically secure Western Hemisphere,” said Rep. Salazar. “This investment expands opportunities for U.S. businesses while supporting development and prosperity across Latin America and the Caribbean. When our neighbors grow stronger, so do we.”

The United States is the largest shareholder in the Inter-American Development Bank, which finances major infrastructure and private-sector projects across the Americas. This capital increase strengthens IDB Invest’s ability to support private-sector development and advance U.S. economic interests throughout the region.

Related Materials:

• Consolidated Appropriations Act of 2026 (H.R. 7148): here

• IDB Capital Increase Act (H.R. 6892) bill text: here

• Original House passage press release: here

Representative Salazar Legislative Accomplishments:

With the enactment of the IDB Capital Increase Act, Rep. María Elvira Salazar continues building a strong record of results, bringing the total number of bills she has authored and helped enact into law to twelve.

Other key legislation authored or sponsored by Rep. Salazar that has been signed into law includes:

• The Western Hemisphere and State Department Political Affairs Authorization Act — Strengthens U.S. diplomacy and counters Chinese and Russian influence. Signed into law: December 2025.
   
• The TAKE IT DOWN Act — Protects children from online digital threats and the non-consensual distribution of intimate images, including AI-generated deepfakes. Signed into law: May 2025.
  
• The DISPOSE Act — Destroys fentanyl precursor chemicals to save American lives. Signed into law: December 2024.
  
• The Forgotten Heroes of the Holocaust Congressional Gold Medal Act — Honors 60 diplomats who risked their lives during World War II to save Jews from Nazi persecution. Signed into law: December 2024.
  
• The Migratory Birds of the Americas Conservation Enhancements Act — Protects migratory birds and critical habitat, including the Everglades. Signed into law: April 2024.
  
• The RECLAIM Taxpayer Funds Act — Recovers billions in fraudulent government loans and restores fiscal responsibility and accountability. Implemented: December 2023.
  
• The REEF Act — Incentivizes retired Navy ships to be repurposed as artificial reefs across U.S. marine ecosystems. Signed into law: December 2023.
  
• The Summer Barrow Prevention, Treatment, and Recovery Act — Reauthorizes critical funding for mental health and substance abuse programs. Signed into law: December 2022.
  
• The PRICE Act — Expands access to federal contracting opportunities for small businesses. Signed into law: February 2022.
  
• The Reinforcing Nicaragua’s Adherence to Conditions for Electoral Reform (RENACER) Act — Imposes sanctions on the Ortega regime in Nicaragua. Signed into law: November 2021.
  
• The COVID Economic Injury Disaster Loan (EIDL) Relief Act — Delivered economic relief for Floridians during the pandemic. Implemented: March 2021.