Accountability for World Bank Loans to China Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedNov 12, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseNov 12, 2019
- Nov 12, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Nov 12, 2019IntroReferralIntro-H
Introduced in House
- Nov 12, 2019IntroReferral1000
Introduced in House