From the Document: "The European Bank for Reconstruction and Development (EBRD), the first international financial institution of post-Cold War Europe, was founded in 1991 to ease the path of the former communist countries of Central and Eastern Europe (CEE) and the former Soviet Union from planned to free-market economies. Its geographic area has expanded over time and, today, the EBRD finances projects in 37 countries throughout Europe, the Middle East, and Central Asia. In total, the EBRD has 69 member countries. The United States is a founding member of the EBRD and is the single largest shareholder with a 10% share of the Bank's capital. U.S. membership in the EBRD is authorized by P.L. 101-513, the 'European Bank for Reconstruction and Development Act' (22 U.S.C. §290l et seq.). On. November 19, 2019, President Trump nominated J. Steven Dowd to be the U.S. Executive Director at the EBRD pending Senate confirmation. His nomination followed the resignation of Judy Shelton, who has been nominated to the Federal Reserve Board."
CRS In Focus, IF11419
Congressional Research Service: https://crsreports.congress.gov/