H. R. 2029—510 
awards subject to limited or no competition for local entities: Pro-
vided, That such report should be posted on the USAID Web site: 
Provided further, That the requirements of this subsection shall 
only apply to awards in excess of $3,000,000 and sole source awards 
to local entities in excess of $2,000,000. 
(c) EXTENSION OF PROCUREMENT AUTHORITY.—Section 7077 of 
the Department of State, Foreign Operations, and Related Programs 
Appropriations Act, 2012 (division I of Public Law 112–74) shall 
continue in effect during fiscal year 2016, as amended by the 
Department of State, Foreign Operations, and Related Programs 
Appropriations Act, 2014 (division K of Public Law 113–76). 
INTERNATIONAL FINANCIAL INSTITUTIONS 
SEC. 7029. (a) EVALUATIONS AND REPORT.—The Secretary of 
the Treasury shall instruct the United States executive director 
of each international financial institution to seek to require that 
such institution adopts and implements a publicly available policy, 
including the strategic use of peer reviews and external experts, 
to conduct independent, in-depth evaluations of the effectiveness 
of at least 25 percent of all loans, grants, programs, and significant 
analytical non-lending activities in advancing the institution’s goals 
of reducing poverty and promoting equitable economic growth, con-
sistent with relevant safeguards, to ensure that decisions to support 
such loans, grants, programs, and activities are based on accurate 
data and objective analysis: Provided, That not later than 180 
days after enactment of this Act, the Secretary shall submit a 
report to the Committees on Appropriations on steps taken by 
the United States executive directors and the international financial 
institutions consistent with this subsection. 
(b) SAFEGUARDS.—The Secretary of the Treasury shall instruct 
the United States Executive Director of the International Bank 
for Reconstruction and Development and the International Develop-
ment Association to vote against 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 less protection than World Bank safe-
guards in effect on September 30, 2015. 
(c) COMPENSATION.—None of the funds appropriated 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 compensated 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 executive director to such institu-
tion is compensated by the institution 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 seek to require that such institution conducts 
rigorous human rights due diligence and risk management, as 
appropriate, in connection with any loan, grant, policy, or strategy 
of such institution: Provided, That prior to voting on any such
H. R. 2029—511 
loan, grant, policy, or strategy the executive director shall consult 
with the Assistant Secretary for Democracy, Human Rights, and 
Labor, Department of State, if the executive director has reason 
to believe that such loan, grant, policy, or strategy could result 
in forced displacement or other violation of human rights. 
(e) FRAUD AND CORRUPTION.—The Secretary of the Treasury 
shall instruct the United States executive director of each inter-
national financial institution to promote in loan, grant, and other 
financing agreements improvements in borrowing countries’ finan-
cial management and judicial capacity to investigate, prosecute, 
and punish fraud and corruption. 
(f) BENEFICIAL OWNERSHIP INFORMATION.—The Secretary of the 
Treasury shall instruct the United States executive director of 
each international financial institution to seek to require that such 
institution collects, verifies, and publishes, to the maximum extent 
practicable, beneficial ownership information (excluding proprietary 
information) for any corporation or limited liability company, other 
than a publicly listed company, that receives funds appropriated 
by this Act that are provided as payment to such institution: Pro-
vided, That not later than 180 days after enactment of this Act, 
the Secretary shall submit a report to the Committees on Appropria-
tions on steps taken by the United States executive directors and 
the international financial institutions consistent with this sub-
section. 
(g) WHISTLEBLOWER
PROTECTIONS.—The Secretary of the 
Treasury shall instruct the United States executive director of 
each international financial institution to seek to require that each 
such institution is effectively implementing and enforcing policies 
and procedures which reflect best practices for the protection of 
whistleblowers from retaliation, including best practices for— 
(1) protection against retaliation for internal and lawful 
public disclosure; 
(2) legal burdens of proof; 
(3) statutes of limitation for reporting retaliation; 
(4) access to independent adjudicative bodies, including 
external arbitration; and 
(5) results that eliminate the effects of proven retaliation. 
DEBT-FOR-DEVELOPMENT 
SEC. 7030. In order to enhance the continued participation 
of nongovernmental organizations in debt-for-development and debt- 
for-nature exchanges, a nongovernmental organization which is a 
grantee or contractor of the United States Agency for International 
Development may place in interest bearing accounts local currencies 
which accrue to that organization as a result of economic assistance 
provided under title III of this Act and, subject to the regular 
notification procedures of the Committees on Appropriations, any 
interest earned on such investment shall be used for the purpose 
for which the assistance was provided to that organization. 
FINANCIAL MANAGEMENT AND BUDGET TRANSPARENCY 
SEC. 7031. (a) LIMITATION ON DIRECT GOVERNMENT-TO-GOVERN-
MENT ASSISTANCE.— 
(1) REQUIREMENTS.—Funds appropriated by this Act may 
be made available for direct government-to-government assist-
ance only if—
H. R. 2029—512 
(A)(i) each implementing agency or ministry to receive 
assistance has been assessed and is considered to have 
the systems required to manage such assistance and any 
identified vulnerabilities or weaknesses of such agency or 
ministry have been addressed; 
(ii) the recipient agency or ministry employs and uti-
lizes staff with the necessary technical, financial, and 
management capabilities; 
(iii) the recipient agency or ministry has adopted 
competitive procurement policies and systems; 
(iv) effective monitoring and evaluation systems are 
in place to ensure that such assistance is used for its 
intended purposes; 
(v) no level of acceptable fraud is assumed; and 
(vi) the government of the recipient country is taking 
steps to publicly disclose on an annual basis its national 
budget, to include income and expenditures; 
(B) the recipient government is in compliance with 
the principles set forth in section 7013 of this Act; 
(C) the recipient agency or ministry is not headed 
or controlled by an organization designated as a foreign 
terrorist organization under section 219 of the Immigration 
and Nationality Act; 
(D) the Government of the United States and the 
government of the recipient country have agreed, in 
writing, on clear and achievable objectives for the use of 
such assistance, which should be made available on a cost- 
reimbursable basis; and 
(E) the recipient government is taking steps to protect 
the rights of civil society, including freedoms of expression, 
association, and assembly. 
(2) CONSULTATION AND NOTIFICATION.—In addition to the 
requirements in paragraph (1), no funds may be made available 
for direct government-to-government assistance without prior 
consultation with, and notification of, the Committees on Appro-
priations: Provided, That such notification shall contain an 
explanation of how the proposed activity meets the require-
ments of paragraph (1): Provided further, That the require-
ments of this paragraph shall only apply to direct government- 
to-government assistance in excess of $10,000,000 and all funds 
available for cash transfer, budget support, and cash payments 
to individuals. 
(3) SUSPENSION OF ASSISTANCE.—The Administrator of the 
United States Agency for International Development (USAID) 
or the Secretary of State, as appropriate, shall suspend any 
direct government-to-government assistance if the Adminis-
trator or the Secretary has credible information of material 
misuse of such assistance, unless the Administrator or the 
Secretary reports to the Committees on Appropriations that 
it is in the national interest of the United States to continue 
such assistance, including a justification, or that such misuse 
has been appropriately addressed. 
(4) SUBMISSION OF INFORMATION.—The Secretary of State 
shall submit to the Committees on Appropriations, concurrent 
with the fiscal year 2017 congressional budget justification
H. R. 2029—513 
materials, amounts planned for assistance described in para-
graph (1) by country, proposed funding amount, source of funds, 
and type of assistance. 
(5) REPORT.—Not later than 90 days after the enactment 
of this Act and 6 months thereafter until September 30, 2016, 
the USAID Administrator shall submit to the Committees on 
Appropriations a report that— 
(A) details all assistance described in paragraph (1) 
provided during the previous 6-month period by country, 
funding amount, source of funds, and type of such assist-
ance; and 
(B) the type of procurement instrument or mechanism 
utilized and whether the assistance was provided on a 
reimbursable basis. 
(6) DEBT
SERVICE
PAYMENT
PROHIBITION.—None of the 
funds made available by this Act may be used for any foreign 
country for debt service payments owed by any country to 
any international financial institution: Provided, That for pur-
poses of this paragraph, the term ‘‘international financial 
institution’’ has the meaning given the term in section 
7034(r)(3) of this Act. 
(b) NATIONAL BUDGET AND CONTRACT TRANSPARENCY.— 
(1) MINIMUM REQUIREMENTS OF FISCAL TRANSPARENCY.— 
The Secretary of State shall continue to update and strengthen 
the ‘‘minimum requirements of fiscal transparency’’ for each 
government receiving assistance appropriated by this Act, as 
identified in the report required by section 7031(b) of the 
Department of State, Foreign Operations, and Related Pro-
grams Appropriations Act, 2014 (division K of Public Law 113– 
76). 
(2) DEFINITION.—For purposes of paragraph (1), ‘‘minimum 
requirements of fiscal transparency’’ are requirements con-
sistent with those in subsection (a)(1), and the public disclosure 
of national budget documentation (to include receipts and 
expenditures by ministry) and government contracts and 
licenses for natural resource extraction (to include bidding and 
concession allocation practices). 
(3) DETERMINATION
AND
REPORT.—For each government 
identified pursuant to paragraph (1), the Secretary of State, 
not later than 180 days after enactment of this Act, shall 
make or update any determination of ‘‘significant progress’’ 
or ‘‘no significant progress’’ in meeting the minimum require-
ments of fiscal transparency, and make such determinations 
publicly available in an annual ‘‘Fiscal Transparency Report’’ 
to be posted on the Department of State Web site: Provided, 
That the Secretary shall identify the significant progress made 
by each such government to publicly disclose national budget 
documentation, contracts, and licenses which are additional 
to such information disclosed in previous fiscal years, and 
include specific recommendations of short- and long-term steps 
such government should take to improve fiscal transparency: 
Provided further, That the annual report shall include a 
detailed description of how funds appropriated by this Act 
are being used to improve fiscal transparency, and identify 
benchmarks for measuring progress. 
(4) ASSISTANCE.—Funds appropriated under title III of this 
Act shall be made available for programs and activities to