I 

117TH CONGRESS 

2D SESSION H. R. 6729 

To require a report on the People’s Republic of China’s use of international 

financial institutions, to set United States policy regarding the identification of the People’s Republic of China as a ‘‘developing nation’’ and 

address this matter in regional multilateral financial institutions, to prohibit the use of Federal funds to purchase certain goods from the 

People’s Republic of China, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 15, 2022 

Mr. GUEST (for himself, Mr. MCCAUL, Mr. CRENSHAW, Mr. MCKINLEY, Mr. 

MAST, and Mr. BABIN) introduced the following bill; which was referred 

to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such 

provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To require a report on the People’s Republic of China’s 

use of international financial institutions, to set United 

States policy regarding the identification of the People’s 

Republic of China as a ‘‘developing nation’’ and address 

this matter in regional multilateral financial institutions, 

to prohibit the use of Federal funds to purchase certain 

goods from the People’s Republic of China, 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. SHORT TITLE. 

2 This Act may be cited as the ‘‘Securing Transparent 

3 Operations to Prevent China’s Abuse of International Fi4 nancing Act’’ or the ‘‘STOP China’s Abuse of Inter5 national Financing Act’’. 

6 SEC. 2. REPORT ON THE PEOPLE’S REPUBLIC OF CHINA’S 

7 USE OF AND INFLUENCE IN INTERNATIONAL 

8 FINANCIAL INSTITUTIONS. 

9 Within 1 year after the date of the enactment of this 

10 Act, the Secretary of State, in consultation with the Sec11 retary of the Treasury, shall prepare and submit to the 

12 Committee on Foreign Affairs of the House of Representa13 tives and the Committee on Foreign Relations of the Sen14 ate a written report on the ways that the People’s Repub15 lic of China has used its role in international financial in16 stitutions to influence the policies of the institutions and 

17 advance its diplomatic objectives during the period that 

18 begins with calendar year 2000 and ends with the present, 

19 including— 

20 (1) a statement of the percentage of funds do21 nated to each international financial institution dur22 ing that period, that is represented by donations 

23 from the People’s Republic of China, and how each 

24 such percentage has changed during that period; 

25 (2) a statement of the percentage of capital 

26 loaned to the People’s Republic of China during that 


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1 period that is represented by loans from each inter2 national financial institution, and how each such 

3 percentage has changed during that period, includ4 ing— 

5 (A) how the People’s Republic of China 

6 used financing from any institution in the 

7 World Bank Group for projects which the Peo8 ple’s Republic of China did not finance inter9 nally; and 

10 (B) how United States technical assistance 

11 has been used by each institution of the World 

12 Bank Group in evaluating loans to the People’s 

13 Republic of China; 

14 (3) a statement of the percentage of the staff 

15 of each international financial institution who iden16 tify as Chinese nationals, and how each such per17 centage has changed during that period; and 

18 (4) a statement of the involvement of enter19 prises controlled by, or whose headquarters are in, 

20 the People’s Republic of China in bidding on con21 tracts offered by any international financial institu22 tion during that period, and the percentage of the 

23 contracts that were awarded to any such enterprise, 

24 including— 


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1 (A) how the People’s Republic of China 

2 subsidizes the enterprises in order to drive 

3 down bid prices; and 

4 (B) the criteria necessary for a transparent 

5 bidding process for contracts offered by any 

6 such institution. 

7 SEC. 3. STATEMENT OF POLICY. 

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

9 Congress that international financial institutions, related 

10 trade groups, and multilateral organizations should not 

11 consider the People’s Republic of China to be a developing 

12 nation for any purpose. 

13 (b) PROCEDURES OF WORLD ORGANIZATIONS.—The 

14 United States representatives to the United Nations, the 

15 World Trade Organization, and the international financial 

16 institutions shall pursue changes in the procedures of their 

17 respective institutions to ensure that their respective insti18 tutions do not consider the People’s Republic of China to 

19 be a developing nation for any purpose. 

20 SEC. 4. REPORT FROM UNITED STATES TRADE REPRESENT21 ATIVE. 

22 Not later than 90 days after the date of the enact23 ment of this Act, the United States Trade Representative 

24 shall submit to Congress a report that describes the man25 ner in which the Trade Representative plans to pursue a 


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1 strategy with respect to the World Trade Organization 

2 (WTO) to carry out and achieve the following: 

3 (1) Facilitate the full implementation of cur4 rently negotiated and possible future agreements of 

5 the WTO. 

6 (2) Enable the maximum benefits from trade to 

7 accrue to members of the WTO that face the great8 est difficulty integrating into multilateral and re9 gional trade institutions. 

10 (3) Ensure that none of the following members 

11 of the WTO receives ‘‘special and differential’’ treat12 ment in currently negotiated or possible future 

13 agreements of the WTO: 

14 (A) Members that are also members of the 

15 Organization for Economic Cooperation and 

16 Development (OECD) or begun the accession 

17 process to OECD. 

18 (B) Members that are also members of the 

19 G20. 

20 (C) Members that are classified as ‘‘high 

21 income’’ countries by the International Bank 

22 for Reconstruction and Development. 


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1 SEC. 5. PROHIBITION ON USE OF FEDERAL FUNDS PRO2 VIDED TO INTERNATIONAL FINANCIAL INSTI3 TUTIONS FOR GOODS FROM CHINA. 

4 The Secretary of the Treasury shall direct the United 

5 States representatives to the United Nations, the World 

6 Trade Organization, and the international financial insti7 tutions to use the voice and vote of the United States to 

8 prevent the institutions from using any contribution made 

9 on behalf of the United States to— 

10 (1) procure goods from, or sourced in, the Peo11 ple’s Republic of China; or 

12 (2) fulfill any contract awarded by the Bank to 

13 any enterprise controlled by, or whose headquarters 

14 is in, the People’s Republic of China. 

15 SEC. 6. DEFINITION OF INTERNATIONAL FINANCIAL INSTI16 TUTION. 

17 In this Act, the term ‘‘international financial institu18 tion’’ means— 

19 (1) each institution of the World Bank Group; 

20 (2) the African Development Bank; 

21 (3) the Asian Development Bank; 

22 (4) the Caribbean Development Bank; 

23 (5) the European Bank for Reconstruction and 

24 Development; 

25 (6) the Inter-American Development Bank; 


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1 (7) the Arab Fund for Economic and Social De2 velopment; 

3 (8) the European Investment Bank; 

4 (9) the Global Environment Facility; 

5 (10) the Islamic Development Bank; 

6 (11) the North American Development Bank; 

7 and 

8 (12) the Organization of American States. 

Æ 


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