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IDB Transparency Act

USA118th CongressHR-4865| House 
| Updated: 7/25/2023
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (13)
Elise M. Stefanik (Republican)Ruben Gallego (Democratic)Marc A. Veasey (Democratic)Mike Johnson (Republican)Carlos A. Gimenez (Republican)Jimmy Panetta (Democratic)Michael Waltz (Republican)Maria Elvira Salazar (Republican)Mario Diaz-Balart (Republican)Rick Larsen (Democratic)Seth Moulton (Democratic)Josh Gottheimer (Democratic)Michael Lawler (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
IDB Transparency Act This bill directs the U.S. Executive Director at the Inter-American Development Bank (IDB) to act to reduce China's influence and to promote greater transparency about China's role in the IDB. Specifically, the U.S. Executive Director must vote and advocate to reduce the influence of China's government and Chinese companies at the IDB, including by opposing any IDB funding or projects that (1) are at least 10% funded by China or Chinese companies, and (2) present risks to U.S. national interests. Additionally, the U.S. Executive Director must vote against and take other actions to oppose the acquisition of IDB stock by China or Chinese companies. The bill also directs the Department of the Treasury to provide Congress with a report on China's influence at the IDB, including an action plan to reduce Chinese involvement in IDB projects. If the report is not provided within 180 days of the bill's enactment, and until it is, the U.S. Executive Director must vote against or act to prevent a quorum for any vote related to the IDB budget.
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Timeline
Jul 25, 2023

Latest Companion Bill Action

S 118-2470
Introduced in Senate
Jul 25, 2023
Introduced in House
Jul 25, 2023
Referred to the House Committee on Financial Services.
  • July 25, 2023

    Latest Companion Bill Action

    S 118-2470
    Introduced in Senate


  • July 25, 2023
    Introduced in House


  • July 25, 2023
    Referred to the House Committee on Financial Services.

International Affairs

Related Bills

  • S 118-2470: IDB Transparency Act

IDB Transparency Act

USA118th CongressHR-4865| House 
| Updated: 7/25/2023
IDB Transparency Act This bill directs the U.S. Executive Director at the Inter-American Development Bank (IDB) to act to reduce China's influence and to promote greater transparency about China's role in the IDB. Specifically, the U.S. Executive Director must vote and advocate to reduce the influence of China's government and Chinese companies at the IDB, including by opposing any IDB funding or projects that (1) are at least 10% funded by China or Chinese companies, and (2) present risks to U.S. national interests. Additionally, the U.S. Executive Director must vote against and take other actions to oppose the acquisition of IDB stock by China or Chinese companies. The bill also directs the Department of the Treasury to provide Congress with a report on China's influence at the IDB, including an action plan to reduce Chinese involvement in IDB projects. If the report is not provided within 180 days of the bill's enactment, and until it is, the U.S. Executive Director must vote against or act to prevent a quorum for any vote related to the IDB budget.
View Full Text

Suggested Questions

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

Timeline
Jul 25, 2023

Latest Companion Bill Action

S 118-2470
Introduced in Senate
Jul 25, 2023
Introduced in House
Jul 25, 2023
Referred to the House Committee on Financial Services.
  • July 25, 2023

    Latest Companion Bill Action

    S 118-2470
    Introduced in Senate


  • July 25, 2023
    Introduced in House


  • July 25, 2023
    Referred to the House Committee on Financial Services.
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (13)
Elise M. Stefanik (Republican)Ruben Gallego (Democratic)Marc A. Veasey (Democratic)Mike Johnson (Republican)Carlos A. Gimenez (Republican)Jimmy Panetta (Democratic)Michael Waltz (Republican)Maria Elvira Salazar (Republican)Mario Diaz-Balart (Republican)Rick Larsen (Democratic)Seth Moulton (Democratic)Josh Gottheimer (Democratic)Michael Lawler (Republican)

Financial Services Committee

International Affairs

Related Bills

  • S 118-2470: IDB Transparency Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted