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and does not export on a consistent basis the agri-
cultural commodity with respect to which assistance 
is furnished; or 
(4) activities in a country the President deter-
mines is recovering from widespread conflict, a hu-
manitarian crisis, or a complex emergency. 
(c) INTERNATIONAL FINANCIAL INSTITUTIONS.— 
The Secretary of the Treasury shall instruct the United 
States executive directors of the international financial in-
stitutions to use the voice and vote of the United States 
to oppose any assistance by such institutions, using funds 
appropriated or otherwise made available by this Act, for 
the production or extraction of any commodity or mineral 
for export, if it is in surplus on world markets and if the 
assistance will cause substantial injury to United States 
producers of the same, similar, or competing commodity. 
SEPARATE ACCOUNTS 
SEC. 7026. (a) SEPARATE ACCOUNTS FOR LOCAL 
CURRENCIES.— 
(1) AGREEMENTS.—If assistance is furnished to 
the government of a foreign country under chapters 
1 and 10 of part I or chapter 4 of part II of the 
Foreign Assistance Act of 1961 under agreements 
which result in the generation of local currencies of 
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that country, the Administrator of the United States 
Agency for International Development shall— 
(A) require that local currencies be depos-
ited in a separate account established by that 
government; 
(B) enter into an agreement with that gov-
ernment which sets forth— 
(i) the amount of the local currencies 
to be generated; and 
(ii) the terms and conditions under 
which the currencies so deposited may be 
utilized, consistent with this section; and 
(C) establish by agreement with that gov-
ernment the responsibilities of USAID and that 
government to monitor and account for deposits 
into and disbursements from the separate ac-
count. 
(2) USES OF LOCAL CURRENCIES.—As may be 
agreed upon with the foreign government, local cur-
rencies deposited in a separate account pursuant to 
subsection (a), or an equivalent amount of local cur-
rencies, shall be used only— 
(A) to carry out chapter 1 or 10 of part 
I or chapter 4 of part II of the Foreign Assist-
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ance Act of 1961 (as the case may be), for such 
purposes as— 
(i) project and sector assistance activi-
ties; or 
(ii) debt and deficit financing; or 
(B) for the administrative requirements of 
the United States Government. 
(3) PROGRAMMING ACCOUNTABILITY.—USAID 
shall take all necessary steps to ensure that the 
equivalent of the local currencies disbursed pursuant 
to subsection (a)(2)(A) from the separate account 
established pursuant to subsection (a)(1) are used 
for the purposes agreed upon pursuant to subsection 
(a)(2). 
(4) 
TERMINATION
OF
ASSISTANCE
PRO-
GRAMS.—Upon termination of assistance to a coun-
try under chapter 1 or 10 of part I or chapter 4 of 
part II of the Foreign Assistance Act of 1961 (as 
the case may be), any unencumbered balances of 
funds which remain in a separate account estab-
lished pursuant to subsection (a) shall be disposed of 
for such purposes as may be agreed to by the gov-
ernment of that country and the United States Gov-
ernment. 
(b) SEPARATE ACCOUNTS FOR CASH TRANSFERS.— 
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(1) IN GENERAL.—If assistance is made avail-
able to the government of a foreign country, under 
chapter 1 or 10 of part I or chapter 4 of part II of 
the Foreign Assistance Act of 1961, as cash transfer 
assistance or as nonproject sector assistance, that 
country shall be required to maintain such funds in 
a separate account and not commingle with any 
other funds. 
(2) APPLICABILITY OF OTHER PROVISIONS OF 
LAW.—Such funds may be obligated and expended 
notwithstanding provisions of law which are incon-
sistent with the nature of this assistance including 
provisions which are referenced in the Joint Explan-
atory Statement of the Committee of Conference ac-
companying House Joint Resolution 648 (House Re-
port No. 98–1159). 
(3) NOTIFICATION.—At least 15 days prior to 
obligating any such cash transfer or nonproject sec-
tor assistance, the President shall submit a notifica-
tion through the regular notification procedures of 
the Committees on Appropriations, which shall in-
clude a detailed description of how the funds pro-
posed to be made available will be used, with a dis-
cussion of the United States interests that will be 
served by such assistance (including, as appropriate, 
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a description of the economic policy reforms that will 
be promoted by such assistance). 
(4) EXEMPTION.—Nonproject sector assistance 
funds may be exempt from the requirements of para-
graph (1) only through the regular notification pro-
cedures of the Committees on Appropriations. 
ELIGIBILITY FOR ASSISTANCE 
SEC. 7027. (a) ASSISTANCE THROUGH NONGOVERN-
MENTAL ORGANIZATIONS.—Restrictions contained in this 
or any other Act with respect to assistance for a country 
shall not be construed to restrict assistance in support of 
programs of nongovernmental organizations from funds 
appropriated by this Act to carry out the provisions of 
chapters 1, 10, 11, and 12 of part I and chapter 4 of 
part II of the Foreign Assistance Act of 1961 and from 
funds appropriated under the heading ‘‘Assistance for Eu-
rope, Eurasia and Central Asia’’: Provided, That before 
using the authority of this subsection to furnish assistance 
in support of programs of nongovernmental organizations, 
the President shall notify the Committees on Appropria-
tions pursuant to the regular notification procedures, in-
cluding a description of the program to be assisted, the 
assistance to be provided, and the reasons for furnishing 
such assistance: Provided further, That nothing in this 
subsection shall be construed to alter any existing statu-
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tory prohibitions against abortion or involuntary steriliza-
tions contained in this or any other Act. 
(b) PUBLIC LAW 480.—During fiscal year 2021, re-
strictions contained in this or any other Act with respect 
to assistance for a country shall not be construed to re-
strict assistance under the Food for Peace Act (Public 
Law 83–480; 7 U.S.C. 1721 et seq.): Provided, That none 
of the funds appropriated to carry out title I of such Act 
and made available pursuant to this subsection may be 
obligated or expended except as provided through the reg-
ular notification procedures of the Committees on Appro-
priations. 
(c) EXCEPTION.—This section shall not apply— 
(1) with respect to section 620A of the Foreign 
Assistance Act of 1961 or any comparable provision 
of law prohibiting assistance to countries that sup-
port international terrorism; or 
(2) with respect to section 116 of the Foreign 
Assistance Act of 1961 or any comparable provision 
of law prohibiting assistance to the government of a 
country that violates internationally recognized 
human rights. 
LOCAL COMPETITION 
SEC. 7028. (a) REQUIREMENTS FOR EXCEPTIONS TO 
COMPETITION
FOR
LOCAL
ENTITIES.—Funds appro-
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priated by this Act that are made available to the United 
States Agency for International Development may only be 
made available for limited competitions through local enti-
ties if— 
(1) prior to the determination to limit competi-
tion to local entities, USAID has— 
(A) assessed the level of local capacity to 
effectively implement, manage, and account for 
programs included in such competition; and 
(B) documented the written results of the 
assessment and decisions made; and 
(2) prior to making an award after limiting 
competition to local entities— 
(A) each successful local entity has been 
determined to be responsible in accordance with 
USAID guidelines; and 
(B) effective monitoring and evaluation 
systems are in place to ensure that award fund-
ing is used for its intended purposes; and 
(3) no level of acceptable fraud is assumed. 
(b) EXTENSION OF PROCUREMENT AUTHORITY.— 
Section 7077 of the Department of State, Foreign Oper-
ations, and Related Programs Appropriations Act, 2012 
(division I of Public Law 112–74) shall continue in effect 
during fiscal year 2021. 
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INTERNATIONAL FINANCIAL INSTITUTIONS 
SEC. 7029. (a) EVALUATIONS.—The Secretary of the 
Treasury shall instruct the United States executive direc-
tor of each international financial institution to use the 
voice of the United States to encourage such institution 
to adopt and implement a publicly available policy, includ-
ing the strategic use of peer reviews and external experts, 
to conduct independent, in-depth evaluations of the effec-
tiveness of at least 25 percent of all loans, grants, pro-
grams, and significant analytical non-lending activities in 
advancing the institution’s goals of reducing poverty and 
promoting equitable economic growth, consistent with rel-
evant safeguards, to ensure that decisions to support such 
loans, grants, programs, and activities are based on accu-
rate data and objective analysis. 
(b) SAFEGUARDS.— 
(1) STANDARD.—The Secretary of the Treasury 
shall instruct the United States Executive Director 
of the International Bank for Reconstruction and 
Development and the International Development As-
sociation to use the voice and vote of the United 
States to oppose any loan, grant, policy, or strategy 
if such institution has adopted and is implementing 
any social or environmental safeguard relevant to 
such loan, grant, policy, or strategy that provides 
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less protection than World Bank safeguards in effect 
on September 30, 2015. 
(2) ACCOUNTABILITY, STANDARDS, AND BEST 
PRACTICES.—The Secretary of the Treasury shall in-
struct the United States executive director of each 
international financial institution to use the voice 
and vote of the United States to oppose loans or 
other financing for projects unless such projects— 
(A) provide for accountability and trans-
parency, including the collection, verification, 
and publication of beneficial ownership informa-
tion related to extractive industries and on-site 
monitoring during the life of the project; 
(B) will be developed and carried out in ac-
cordance with best practices regarding environ-
mental conservation, cultural protection, and 
empowerment of local populations, including 
free, prior and informed consent of affected in-
digenous communities; 
(C) do not provide incentives for, or facili-
tate, forced displacement or the violation of 
human rights; and 
(D) do not partner with or otherwise in-
volve enterprises owned or controlled by the 
armed forces. 
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(c) COMPENSATION.—None of the funds appro-
priated under title V of this Act may be made as payment 
to any international financial institution while the United 
States executive director to such institution is com-
pensated by the institution at a rate which, together with 
whatever compensation such executive director receives 
from the United States, is in excess of the rate provided 
for an individual occupying a position at level IV of the 
Executive Schedule under section 5315 of title 5, United 
States Code, or while any alternate United States execu-
tive director to such institution is compensated by the in-
stitution at a rate in excess of the rate provided for an 
individual occupying a position at level V of the Executive 
Schedule under section 5316 of title 5, United States 
Code. 
(d) HUMAN RIGHTS.—The Secretary of the Treasury 
shall instruct the United States executive director of each 
international financial institution to use the voice and vote 
of the United States to promote human rights due dili-
gence and risk management, as appropriate, in connection 
with any loan, grant, policy, or strategy of such institution 
in accordance with the requirements specified under this 
subsection in the report accompanying this Act: Provided, 
That prior to voting on any such loan, grant, policy, or 
strategy the executive director shall consult with the As-
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shall be construed to derogate from United States 
Government obligations under applicable inter-
national agreements. 
(3) WAIVER.—The Secretary may waive the ap-
plication of paragraph (1) if the Secretary deter-
mines that the waiver would serve a compelling na-
tional interest or that the circumstances which 
caused the individual to be ineligible have changed 
sufficiently. 
(4) REPORT.—Not later than 30 days after en-
actment of this Act, and every 90 days thereafter 
until September 30, 2021, the Secretary of State 
shall submit a report, including a classified annex if 
necessary, to the appropriate congressional commit-
tees and the Committees on the Judiciary describing 
the information related to corruption or violation of 
human rights concerning each of the individuals 
found ineligible in the previous 12 months pursuant 
to paragraph (1)(A) as well as the individuals who 
the Secretary designated or identified pursuant to 
paragraph (1)(B), or who would be ineligible but for 
the application of paragraph (2), a list of any waiv-
ers provided under paragraph (3), and the justifica-
tion for each waiver. 
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