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S 3017 116th Congress Senate International Affairs Asia China Congressional oversight Foreign loans and debt International monetary system and foreign exchange International organizations and cooperation Multilateral development programs

Accountability for World Bank Loans to China Act of 2019

Introduced: December 11, 2019 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 11, 2019
Read twice and referred to the Committee on Foreign Relations.
Dec 11, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

Accountability for World Bank Loans to China Act of 2019

This bill directs the U.S. Governor for the International Bank for Reconstruction and Development (IBRD) to instruct U.S. representatives to the IBRD that it is U.S. policy to seek China's graduation from IBRD assistance programs. (The IBRD is the World Bank's primary financing institution for middle-income countries. The World Bank's definition of middle-income country is based on a country's gross national income per capita.)

The governor shall report to Congress on U.S. efforts to secure China's graduation from IBRD assistance programs. The Department of the Treasury shall report to Congress on debt transparency and debt management assistance efforts in relation to credit provided by China to other countries, including through China's Belt and Road Initiative.

What's happening now December 11, 2019

Read twice and referred to the Committee on Foreign Relations.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2