I 

118TH CONGRESS 

1ST SESSION H. R. 4865 

To increase transparency regarding the activities, and reduce the malign 

influence of, the People’s Republic of China in the Inter-American Development Bank, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 25, 2023 

Mr. GALLAGHER (for himself, Mr. GOTTHEIMER, Mr. DIAZ-BALART, Mr. 

GALLEGO, Ms. STEFANIK, Mr. PANETTA, Mr. GIMENEZ, Mr. LARSEN of 

Washington, Mr. WALTZ, and Mr. VEASEY) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To increase transparency regarding the activities, and reduce 

the malign influence of, the People’s Republic of China 

in the Inter-American Development Bank, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘IDB Transparency 

5 Act’’. 


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1 SEC. 2. REPORT ON INFLUENCE OF THE PEOPLE’S REPUB2 LIC OF CHINA AT THE INTER-AMERICAN DE3 VELOPMENT BANK. 

4 (a) IN GENERAL.—Within 180 days after the date 

5 of the enactment of this Act, the Secretary of the Treas6 ury, in consultation with the Secretary of State, shall sub7 mit to the appropriate congressional committees a report 

8 that includes the following: 

9 (1) The scope and scale of the influence of the 

10 PRC and PRC companies in the IDB, including 

11 in— 

12 (A) the organization and personnel of the 

13 IDB; 

14 (B) IDB governance and transparency; 

15 (C) the financing of the IDB; 

16 (D) determinations around which projects 

17 to fund or finance; 

18 (E) deliberations regarding the involve19 ment or membership of Taiwan in the IDB; and 

20 (F) any other modes through which the 

21 PRC or PRC companies influence the IDB. 

22 (2) A complete list of all projects of the IDB 

23 that include financing or funding from the PRC, 

24 PRC companies, or PRC trust funds created at the 

25 IDB since the PRC joined the IDB as a member 

26 country on January 12, 2009, including— 


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1 (A) the title and identification number of 

2 the project; 

3 (B) a description of the project; 

4 (C) the location of the project; 

5 (D) the amount of funding or financing 

6 initially allocated for the project; 

7 (E) the amount of funding or financing 

8 disbursed under the project; 

9 (F) a summary of the status of the imple10 mentation of the project; and 

11 (G) a description of any incidents in which 

12 funding or financing for a project has been dis13 bursed, but has not been implemented or com14 pleted. 

15 (3) A complete list of the projects of the IDB 

16 in which PRC companies participate, whether 

17 through direct or indirect procurement or other con18 tracting, including— 

19 (A) the title and identification number of 

20 the project; 

21 (B) a description of the project; 

22 (C) the location of the project; 

23 (D) the amount of funding or financing 

24 initially allocated for the project; 


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1 (E) the amount of funding or financing 

2 disbursed under the project; 

3 (F) the name of the participating PRC 

4 companies and, in the case of each such com5 pany, whether the participation consists of di6 rect or indirect procurement or other con7 tracting; 

8 (G) the amount of funding or financing re9 ceived by the PRC companies under the project; 

10 (H) a summary of the work conducted by 

11 the PRC companies as part of direct or indirect 

12 procurement or other contracting; and 

13 (I) a description of any incidents in which 

14 the PRC companies received funding or financ15 ing as part of a direct or indirect procurement 

16 or other contracting, but required work has not 

17 been implemented or completed. 

18 (4) A full review of projects described in para19 graphs (2) and (3) to assess whether any of the 

20 projects featured any human rights abuses, delays, 

21 corruption, or poor results, and an analysis of the 

22 procurement practices involved in the projects. 

23 (5) The extent to which— 

24 (A) the IDB uses equipment or services 

25 produced by technology providers covered by 


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1 section 2 of the Secure and Trusted Commu2 nications Networks Act of 2019 or PRC compa3 nies on the list of entities set forth in Supple4 ment No. 4 to part 744 of the Export Adminis5 tration Regulations, set forth in subchapter C 

6 of chapter VII of title 15, Code of Federal Reg7 ulations, or any successor regulations; or 

8 (B) projects funded or financed by the 

9 IDB use technology provided by the providers 

10 or entities. 

11 (6) A review of how and to what extent the 

12 PRC has used the IDB to, within IDB member 

13 countries— 

14 (A) spread the diplomatic, economic, and 

15 military influence of the PRC; 

16 (B) promote the adoption and use of tech17 nologies of PRC companies; and 

18 (C) promote the preferred values of the 

19 PRC. 

20 (7) An action plan for the Executive Director to 

21 work to reduce the involvement of the PRC and 

22 PRC companies in the IDB and projects funded or 

23 financed by the IDB, as determined under this sub24 section. 


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1 (8) The extent to which PRC persons sanc2 tioned by the United States serve in leadership or 

3 management positions in PRC companies working 

4 on IDB-funded or IDB-financed projects. 

5 (9) The extent to which the PRC has used its 

6 voice, vote, and influence in the IDB to promote the 

7 interests of the PRC at the expense of regional de8 velopment interests. 

9 (10) A summary of the in-depth reviews con10 ducted under section 3(a)(2)(A) of this Act. 

11 (11) A list of IDB projects funded by the PRC 

12 or PRC companies assessed to pose a risk to United 

13 States interests due to their proximity to a coopera14 tive security location, a United States military in15 stallation outside the contiguous United States, or a 

16 military installation of a partner or ally of the 

17 United States. 

18 (b) SUBSEQUENT REPORTS.—Within 2 years after 

19 the Secretary submits the report required by subsection 

20 (a), and every 2 years thereafter for 8 years, the Secretary 

21 shall submit to the appropriate congressional committees 

22 a report that includes— 

23 (1) any updates to information included in all 

24 reports submitted under subsection (a); and 


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1 (2) any new information related to the matters 

2 described in subsection (a). 

3 (c) FORMAT.—The reports required under sub4 sections (a) and (b) shall be submitted to the appropriate 

5 congressional committees in unclassified form, but may in6 clude a classified annex. 

7 (d) PUBLIC AVAILABILITY.—Not earlier than 60 

8 days, and not later than 90 days, after the Secretary sub9 mits a report required by subsection (a) or (b), the Sec10 retary shall post an unclassified summary of the report 

11 on a public-facing web page of the Department of the 

12 Treasury. 

13 SEC. 3. REQUIRED USE OF UNITED STATES VOICE, VOTE, 

14 AND INFLUENCE AT THE INTER-AMERICAN 

15 DEVELOPMENT BANK. 

16 (a) IN GENERAL.—The Secretary of the Treasury 

17 shall instruct the United States Executive Director at the 

18 Inter-American Development Bank to use the voice, vote, 

19 and influence of the United States to do the following: 

20 (1) Facilitate greater IDB transparency about 

21 the role of the PRC and PRC companies in the 

22 IDB, including by fostering a more open release pol23 icy toward working papers, past evaluations, and 

24 other IDB documents. 


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1 (2) Reduce the influence of the PRC and PRC 

2 companies in all IDB deliberations, activities, and 

3 projects, including by— 

4 (A) conducting an in-depth review of all 

5 projects, financing, loans, and grants in which 

6 at least 10 percent of— 

7 (i) the funding or financing for such 

8 a project, financing, loan, or grant comes 

9 from the PRC or PRC companies; or 

10 (ii) the value of direct or indirect pro11 curements or other contracting for such a 

12 project, financing, loan, or grant is pro13 vided to PRC companies; and 

14 (B) voting against or taking action to pre15 vent a quorum for all votes related to— 

16 (i) any project, financing, loan, or 

17 grant for which the in-depth review re18 quired in subparagraph (A) determines 

19 presents risks to United States national in20 terests; and 

21 (ii) any project, financing, loan, or 

22 grant that would include the participation 

23 of PRC trust funds created with the IDB. 

24 (3) Beginning 180 days after date of the enact25 ment of this Act, if the Secretary has failed to subVerDate Sep 11 2014 23:41 Aug 10, 2023 Jkt 039200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\H4865.IH H4865

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1 mit the report required by section 2, vote against, or 

2 take action to prevent a quorum for all votes related 

3 to, IDB budgets until the IDB provides the Sec4 retary with the information required for the Sec5 retary to prepare and submit the report. 

6 (4) Vote against, or withhold quorum for all 

7 votes related to, the issuance, sale, or transfer of ad8 ditional shares of stock in the IDB to the PRC. 

9 (b) WAIVER.—The Secretary may waive the require10 ments of subsection (a)(3) on a case-by-case basis if the 

11 Secretary certifies and reports to the appropriate congres12 sional committees before the waiver is exercised that the 

13 waiver would serve a national interest of the United States 

14 or address basic human needs. 

15 SEC. 4. DEFINITIONS. 

16 In this Act: 

17 (1) APPROPRIATE CONGRESSIONAL COMMIT18 TEES.—The term ‘‘appropriate congressional com19 mittees’’ means— 

20 (A) the Committee on Foreign Relations of 

21 the Senate; and 

22 (B) the Committee on Financial Services 

23 and the Select Committee on the Strategic 

24 Competition Between the United States and the 


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1 Chinese Communist Party of the House of Rep2 resentatives. 

3 (2) EXECUTIVE DIRECTOR.—The term ‘‘Execu4 tive Director’’ means the United States Executive 

5 Director at the IDB. 

6 (3) IDB.—The term ‘‘IDB’’ means all of the 

7 current and former institutions in the IDB Group, 

8 including the Inter-American Development Bank, 

9 IDB Invest, IDB lab, and any related predecessor 

10 entities. 

11 (4) PRC.—The term ‘‘PRC’’— 

12 (A) means the People’s Republic of China; 

13 and 

14 (B) includes any and all Special Adminis15 trative Regions of China, including Hong Kong 

16 and Macau but not including Taiwan. 

17 (5) PRC COMPANIES.—The term ‘‘PRC compa18 nies’’ means any corporation, company, limited li19 ability company, limited partnership, business trust, 

20 business association, or other similar entity owned 

21 by, controlled by, or subject to the jurisdiction or di22 rection of the Government of the PRC. 

23 (6) SECRETARY.—The term ‘‘Secretary’’ means 

24 the Secretary of the Treasury. 

Æ 


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