(1) since 2005, the Government of the People’s 
Republic of China has expanded sovereign lending to 
governments in Latin America and the Caribbean 
with loans that are repaid or collateralized with nat-
ural resources or commodities; 
(2) several countries in Latin American and the 
Caribbean that have received a significant amount of 
sovereign lending from the Government of the Peo-
ple’s Republic of China face challenges in repaying 
such loans; 
(3) the Government of the People’s Republic of 
China’s predatory economic practices and sovereign 
lending practices in Latin America and the Carib-
bean negatively influence United States national in-
terests in the Western Hemisphere; 
(4) the Inter-American Development Bank, the 
premier multilateral development bank dedicated to 
the Western Hemisphere, should play a significant 
role supporting the countries of Latin America and 
the Caribbean in achieving sustainable and service-
able debt structures; and 
(5) a tenth general capital increase for the 
Inter-American Development Bank would strengthen 
the Bank’s ability to help the countries of Latin 
VerDate Sep 11 2014 
04:20 May 14, 2022
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H7726.IH
H7726
kjohnson on DSK79L0C42PROD with BILLS
America and the Caribbean achieve sustainable and 
serviceable debt structures. 
(b) SUPPORT FOR A GENERAL CAPITAL INCREASE.— 
The President shall take steps to support a tenth general 
capital increase for the Inter-American Development 
Bank, including advancing diplomatic engagement to build 
support among member countries of the Bank for a tenth 
general capital increase for the Bank. 
(c) TENTH CAPITAL INCREASE.—The Inter-Amer-
ican Development Bank Act (22 U.S.C. 283 et seq.) is 
amended by adding at the end the following: 
‘‘SEC. 42. TENTH CAPITAL INCREASE. 
‘‘(a) VOTE AUTHORIZED.—The United States Gov-
ernor of the Bank is authorized to vote in favor of a reso-
lution to increase the capital stock of the Bank by 
$80,000,000,000 over a period not to exceed 5 years. 
‘‘(b) SUBSCRIPTION AUTHORIZED.— 
‘‘(1) IN
GENERAL.—The United States Gov-
ernor of the Bank may subscribe on behalf of the 
United States to 1,990,714 additional shares of the 
capital stock of the Bank. 
‘‘(2) LIMITATION.—Any subscription by the 
United States to the capital stock of the Bank shall 
be effective only to such extent and in such amounts 
as are provided in advance in appropriations Acts. 
VerDate Sep 11 2014 
04:20 May 14, 2022
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H7726.IH
H7726
kjohnson on DSK79L0C42PROD with BILLS
‘‘(c) LIMITATIONS ON AUTHORIZATION OF APPRO-
PRIATIONS.— 
‘‘(1) IN GENERAL.—In order to pay for the in-
crease in the United States subscription to the Bank 
under subsection (b), there is authorized to be ap-
propriated $24,014,857,191 for payment by the Sec-
retary of the Treasury. 
‘‘(2) ALLOCATION OF FUNDS.—Of the amount 
authorized to be appropriated under paragraph 
(1)— 
‘‘(A) $600,371,430 shall be for paid in 
shares of the Bank; and 
‘‘(B) $23,414,485,761 shall be for callable 
shares of the Bank.’’. 
(d) ADDRESSING CHINA’S SOVEREIGN LENDING IN 
THE AMERICAS.—The Secretary of the Treasury and the 
United States Executive Director to the Inter-American 
Development Bank shall use the voice, vote, and influence 
of the United States— 
(1) to advance efforts by the Bank to help 
countries restructure debt resulting from sovereign 
lending by the Government of the People’s Republic 
of China in order to achieve sustainable and service-
able debt structures; and 
VerDate Sep 11 2014 
04:20 May 14, 2022
Jkt 029200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H7726.IH
H7726
kjohnson on DSK79L0C42PROD with BILLS
(2) to establish appropriate safeguards and 
transparency and conditionality measures to protect 
debt-vulnerable member countries of the Inter-Amer-
ican Development Bank that borrow from the Bank 
for the purposes of restructuring Chinese bilateral 
debt held by such countries and preventing such 
countries from incurring subsequent Chinese bilat-
eral debt. 
(e) BRIEFINGS.— 
(1) IMPLEMENTATION.—Not later than 90 days 
after the date of the enactment of this Act, and 
every 90 days thereafter for 6 years, the President 
shall provide to the Committee on Foreign Relations 
of the Senate, the Committee on Finance of the Sen-
ate, the Committee on Foreign Affairs of the House 
of Representatives, and the Committee on Financial 
Services of the House of Representatives a briefing 
detailing efforts to carry out subsections (b) and (d) 
and the amendment made by subsection (c). 
(2) PROGRESS
IN
ACHIEVING
SUSTAINABLE 
AND SERVICEABLE DEBT STRUCTURES.—Not later 
than 180 days after the successful completion of a 
tenth general capital increase for the Inter-American 
Development Bank, and every 180 days thereafter 
for a period of 3 years, the President shall provide 
VerDate Sep 11 2014 
02:17 May 17, 2022
Jkt 029200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H7726.IH
H7726
kjohnson on DSK79L0C42PROD with BILLS
to the Committee on Foreign Relations of the Sen-
ate, the Committee on Finance of the Senate, the 
Committee on Foreign Affairs of the House of Rep-
resentatives, and the Committee on Financial Serv-
ices of the House of Representatives a briefing on 
efforts by the Bank to support countries in Latin 
American and the Caribbean in their efforts to 
achieve sustainable and serviceable debt structures. 
Æ 
VerDate Sep 11 2014 
04:20 May 14, 2022
Jkt 029200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6301
E:\BILLS\H7726.IH
H7726
kjohnson on DSK79L0C42PROD with BILLS