I 

117TH CONGRESS 

2D SESSION H. R. 6475 

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. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 25, 2022 

Ms. WATERS introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

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. 

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


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1 SECTION 1. U.S. POLICY ON WORLD BANK GROUP AND 

2 ASIAN DEVELOPMENT BANK LOANS TO 

3 CHINA. 

4 Title XVI of the International Financial Institutions 

5 Act (22 U.S.C. 262p et seq.) is amended by adding at 

6 the end the following: 

7 ‘‘SEC. 1632. U.S. POLICY ON WORLD BANK GROUP AND 

8 ASIAN DEVELOPMENT BANK LOANS TO 

9 CHINA. 

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

11 shall instruct the United States Executive Directors at the 

12 World Bank Group and the Asian Development Bank to 

13 use the voice and vote of the United States at the respec14 tive institution to vote against any assistance to the Peo15 ple’s Republic of China unless the Secretary of the Treas16 ury has certified to the appropriate congressional commit17 tees that— 

18 ‘‘(1) the Government of the People’s Republic 

19 of China and any lenders owned or controlled by the 

20 Government of the People’s Republic of China have 

21 credibly committed— 

22 ‘‘(A) to participate in multilateral debt re23 lief initiatives on terms at least comparable to 

24 other Group of 20 governments; 

25 ‘‘(B) to the practice of presumptive public 

26 disclosure of the terms and conditions on which 


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1 they extend credit to other governments (with2 out regard to the form of any such extension of 

3 credit); 

4 ‘‘(C) not to enforce any agreement terms 

5 that may impair their own or the borrowers’ ca6 pacity fully to implement commitments de7 scribed under subparagraphs (A) and (B); and 

8 ‘‘(D) not to enter into any agreement con9 taining terms that may impair their own or the 

10 borrowers’ capacity fully to implement commit11 ments described under subparagraphs (A) and 

12 (B); and 

13 ‘‘(2) such assistance contributes significantly to 

14 the provision of a global public good that serves the 

15 national interest of the United States, such as lim16 iting the negative impacts of climate change. 

17 ‘‘(b) DEFINITIONS.—In this section: 

18 ‘‘(1) APPROPRIATE CONGRESSIONAL COMMIT19 TEES.—The term ‘appropriate congressional com20 mittees’ means the Committee on Financial Services 

21 of the House of Representatives and the Committee 

22 on Foreign Relations of the Senate. 

23 ‘‘(2) WORLD BANK GROUP DEFINED.—The 

24 term ‘World Bank Group’ means the International 

25 Bank for Reconstruction and Development, the 


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1 International Development Association, the Inter2 national Finance Corporation, and the Multilateral 

3 Investment Guarantee Agency.’’. 

Æ 


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