H.R. 5051 · 116th Congress
Accountability for World Bank Loans to China Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GonzalezSponsor9 cosponsors · 2 D, 7 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Nov 12, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Accountability for World Bank Loans to China Act of 2019
Latest action (Nov 12, 2019): Referred to the House Committee on Financial Services.
Policy area: International Affairs · Origin: House · Introduced: Nov 12, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.