To amend the International Financial Institutions Act to provide instructions with respect to the U.S. policy on co-financing arrangements at the multilateral development banks, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 25, 2022)
This bill requires U.S. representatives to vote against any program or project at a multilateral development bank (e.g., the World Bank) that includes joint or parallel financing provided by the Asian Infrastructure Investment Bank (AIIB) unless the Department of the Treasury certifies that the AIIB (1) has the authority and resources to provide grants and concessional assistance to countries eligible to borrow from the International Development Association on terms similar to those provided to these countries by the International Development Association, and (2) has a demonstrated history of providing such assistance to these countries.
What just happenedJan 25, 2022
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJan 25, 2022
- Jan 25, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 25, 2022IntroReferralIntro-H
Introduced in House
- Jan 25, 2022IntroReferral1000
Introduced in House