S 2587
117th Congress
Senate
International Affairs
A bill to oppose the provision of assistance to the People's Republic of China by the multilateral development banks.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 3, 2021
Read twice and referred to the Committee on Foreign Relations.
Aug 3, 2021
Introduced in Senate
Plain-English summary
This bill requires the Department of the Treasury to instruct the U.S. executive directors at certain multilateral development banks, such as the Asian Development Bank, to oppose providing a loan, financial assistance, or technical assistance to China. The executive directors must also advocate and vote to end lending and assistance to a country that has exceeded certain income thresholds.
What's happening now
Read twice and referred to the Committee on Foreign Relations.
Committees of jurisdiction
1