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To amend the International Financial Institutions Act to instruct certain United States Executive Directors to vote against any assistance to the People's Republic of China unless certain certifications are met, and for other purposes.

USA117th CongressHR-6475| House 
| Updated: 1/25/2022
Maxine Waters

Maxine Waters

Democratic Representative

California

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill requires U.S. representatives to certain international financial institutions to vote and advocate against the institutions providing assistance to China unless the Department of the Treasury makes certain certifications to Congress. Specifically, Treasury must order U.S. representatives to the World Bank Group and the Asian Development Bank to oppose the relevant institution providing assistance to China unless Treasury certifies that (1) China's government (and any lenders it owns or controls) has credibly committed to taking certain actions, such as participating in multilateral debt relief initiatives on terms at least comparable to other Group of 20 governments; and (2) the assistance to China contributes significantly to a global public good that serves U.S. national interests, such as limiting the negative impacts of climate change.
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Timeline
Jan 25, 2022
Introduced in House
Jan 25, 2022
Referred to the House Committee on Financial Services.
  • January 25, 2022
    Introduced in House


  • January 25, 2022
    Referred to the House Committee on Financial Services.

International Affairs

To amend the International Financial Institutions Act to instruct certain United States Executive Directors to vote against any assistance to the People's Republic of China unless certain certifications are met, and for other purposes.

USA117th CongressHR-6475| House 
| Updated: 1/25/2022
This bill requires U.S. representatives to certain international financial institutions to vote and advocate against the institutions providing assistance to China unless the Department of the Treasury makes certain certifications to Congress. Specifically, Treasury must order U.S. representatives to the World Bank Group and the Asian Development Bank to oppose the relevant institution providing assistance to China unless Treasury certifies that (1) China's government (and any lenders it owns or controls) has credibly committed to taking certain actions, such as participating in multilateral debt relief initiatives on terms at least comparable to other Group of 20 governments; and (2) the assistance to China contributes significantly to a global public good that serves U.S. national interests, such as limiting the negative impacts of climate change.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 25, 2022
Introduced in House
Jan 25, 2022
Referred to the House Committee on Financial Services.
  • January 25, 2022
    Introduced in House


  • January 25, 2022
    Referred to the House Committee on Financial Services.
Maxine Waters

Maxine Waters

Democratic Representative

California

Financial Services Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted