HR 5051 · 116th Congress · International Affairs
Accountability for World Bank Loans to China Act of 2019
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2019-11-12)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (9)
2 Democrats7 Republicans