HR 5614 · 117th Congress · International Affairs

To amend the Better Utilization of Investments Leading to Development Act of 2018 to establish restrictions relating to the People's Republic of China with respect to the provision of support under title II of that Act.

Introduced 2021-10-19· Sponsored by Rep. Cloud, Michael [R-TX-27]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Foreign Affairs.(2021-10-19)

Plain Language Summary

[AI summary unavailable — showing source text] This bill prohibits the U.S. International Development Finance Corporation from engaging in certain activities involving a covered Chinese entity (i.e., an entity subject to the jurisdiction or control of China's government). Specifically, the corporation may not accept funds (or goods or services) provided by China's government or a covered Chinese entity. Also, the corporation may not provide support to any individual who advises, is on the board of, or has influence with a covered Chinese entity or specified entities, including the Chinese Development Bank. An entity receiving support from the corporation must certify that it will abide by these restrictions.…

Summarized by Claude AI · Non-partisan · For informational purposes only