I 

117TH CONGRESS 

1ST SESSION H. R. 6340 

To establish the United States policy on Burma at the International Monetary 

Fund, the World Bank Group, and the Asian Development Bank, and 

for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 20, 2021 

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

Committee on Financial Services 

A BILL 

To establish the United States policy on Burma at the International Monetary Fund, the World Bank Group, and 

the Asian 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. UNITED STATES POLICY ON BURMA AT THE 

4 INTERNATIONAL MONETARY FUND, THE 

5 WORLD BANK GROUP, AND THE ASIAN DE6 VELOPMENT BANK. 

7 (a) SENSE OF THE CONGRESS.—It is the sense of the 

8 Congress that the United States should not support the 

9 recognition of, or dealing with, the State Administration 


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1 Council, or any successor entity controlled by the military, 

2 as the government of Burma for the purpose of the provi3 sion of any loan or financial assistance by the Inter4 national Monetary Fund, the World Bank Group, or the 

5 Asian Development Bank, except for humanitarian assist6 ance channeled through an implementing agency not con7 trolled by the Burmese military. 

8 (b) POLICY.—Title XVI of the International Finan9 cial Institutions Act (22 U.S.C. 262p et seq.) is amended 

10 by adding at the end the following: 

11 ‘‘SEC. 1630. UNITED STATES POLICY ON BURMA AT THE 

12 INTERNATIONAL MONETARY FUND, THE 

13 WORLD BANK GROUP, AND THE ASIAN DE14 VELOPMENT BANK. 

15 ‘‘(a) POLICY OF THE UNITED STATES.—The Sec16 retary of Treasury shall instruct the United States Execu17 tive Directors at the International Monetary Fund, the 

18 World Bank Group, and the Asian Development Bank to 

19 inform the respective institution that it is the policy of 

20 the United States to oppose, and to use the voice and vote 

21 of the United States to vote against, any loan or financial 

22 assistance to Burma through the State Administration 

23 Council, or any successor entity controlled by the military, 

24 except for humanitarian assistance channeled through an 


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1 implementing agency not controlled by the Burmese mili2 tary. 

3 ‘‘(b) SUBMISSION OF WRITTEN STATEMENTS.—No 

4 later than 60 calendar days after a meeting of the Board 

5 of Directors of the World Bank Group or the Asian Devel6 opment Bank, the Secretary of the Treasury shall submit 

7 to the Committee on Financial Services of the House of 

8 Representatives and the Committee on Foreign Relations 

9 of the Senate any written statement presented at the 

10 meeting by the United States Executive Director con11 cerning the United States policy described in subsection 

12 (a) or the United States position on any strategy, policy, 

13 loan, extension of financial assistance, or technical assist14 ance related to Burma considered by the Board. 

15 ‘‘(c) WAIVER.—The President of the United States 

16 may waive the application of subsection (a) on a case-by17 case basis upon certifying to the Committee on Financial 

18 Services of the House of Representatives and the Com19 mittee on Foreign Relations of the Senate that the waiv20 er— 

21 ‘‘(1) substantially promotes the objective of de22 livering humanitarian assistance to the civilian popu23 lation of Burma, including a detailed explanation as 

24 to the need for such a waiver, the nature of the hu25 manitarian assistance, the mechanisms through 


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1 which such assistance will be delivered, and the over2 sight safeguards that will accompany such assist3 ance; or 

4 ‘‘(2) is otherwise in the national interest of the 

5 United States, with a detailed explanation of the 

6 reasons therefor. 

7 ‘‘(d) WORLD BANK GROUP DEFINED.—In this sec8 tion, the term ‘World Bank Group’ means the Inter9 national Bank for Reconstruction and Development, the 

10 International Development Association, the International 

11 Finance Corporation, and the Multilateral Investment 

12 Guarantee Agency.’’. 

13 (c) SUNSET.—Section 1630 of the International Fi14 nancial Institutions Act, as added by subsection (b), is re15 pealed on the earlier of— 

16 (1) the date the President of the United States 

17 submits to the Committee on Financial Services of 

18 the House of Representatives and the Committee on 

19 Foreign Relations of the Senate a certification 

20 that— 

21 (A) the Burmese military has released all 

22 political prisoners; 

23 (B) an elected government has been 

24 instated following free and fair elections; and 


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1 (C) all government institutions involved in 

2 the provision of multilateral assistance are fully 

3 under civilian control; or 

4 (2) the date that is 10 years after the date of 

5 the enactment of this Act. 

Æ 


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