H. R. 83—486 
of funds which remain in a separate account established pursu-
ant to subsection (a) shall be disposed of for such purposes 
as may be agreed to by the government of that country and 
the United States Government. 
(5) REPORTING REQUIREMENT.—The USAID Administrator 
shall report on an annual basis as part of the justification 
documents submitted to the Committees on Appropriations on 
the use of local currencies for the administrative requirements 
of the United States Government as authorized in subsection 
(a)(2)(B), and such report shall include the amount of local 
currency (and United States dollar equivalent) used or to be 
used for such purpose in each applicable country. 
(b) SEPARATE ACCOUNTS FOR CASH TRANSFERS.— 
(1) IN GENERAL.—If assistance is made available 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 them with 
any other funds. 
(2) APPLICABILITY
OF
OTHER
PROVISIONS
OF
LAW.—Such 
funds may be obligated and expended notwithstanding provi-
sions of law which are inconsistent with the nature of this 
assistance including provisions which are referenced in the 
Joint Explanatory Statement of the Committee of Conference 
accompanying House Joint Resolution 648 (House Report No. 
98–1159). 
(3) NOTIFICATION.—At least 15 days prior to obligating 
any such cash transfer or nonproject sector assistance, the 
President shall submit a notification through the regular 
notification procedures of the Committees on Appropriations, 
which shall include a detailed description of how the funds 
proposed to be made available will be used, with a discussion 
of the United States interests that will be served by the assist-
ance (including, as appropriate, 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 subsection (b)(1) only 
through the regular notification procedures of the Committees 
on Appropriations. 
ELIGIBILITY FOR ASSISTANCE 
SEC. 7027. (a) ASSISTANCE
THROUGH
NONGOVERNMENTAL 
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: Provided, That 
before using the authority of this subsection to furnish assistance 
in support of programs of nongovernmental organizations, the Presi-
dent shall notify the Committees on Appropriations pursuant to 
the regular notification procedures, including 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
H. R. 83—487 
statutory prohibitions against abortion or involuntary sterilizations 
contained in this or any other Act. 
(b) PUBLIC LAW 480.—During fiscal year 2015, restrictions con-
tained in this or any other Act with respect to assistance for 
a country shall not be construed to restrict assistance under the 
Food for Peace Act (Public Law 83–480): 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 regular notification procedures of 
the Committees on Appropriations. 
(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 support 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 inter-
nationally recognized human rights. 
LOCAL COMPETITION 
SEC. 7028. (a) REQUIREMENTS FOR EXCEPTIONS TO COMPETITION 
FOR LOCAL ENTITIES.—Funds appropriated by this Act that are 
made available to the United States Agency for International 
Development (USAID) may only be made available for limited com-
petitions through local entities if— 
(1) prior to the determination to limit competition 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 funding is used for its 
intended purposes; and 
(3) no level of acceptable fraud is assumed. 
(b) In addition to the requirements of paragraph (1), the 
Administrator of USAID shall report, on a semi-annual basis, to 
the appropriate congressional committees on all awards subject 
to limited or no competition for local entities: Provided, 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) Section 7077 of division I of Public Law 112–74 shall con-
tinue in effect during fiscal year 2015, as amended by division 
K of Public Law 113–76.
H. R. 83—488 
INTERNATIONAL FINANCIAL INSTITUTIONS 
SEC. 7029. (a) 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, consistent 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 paragraph. 
(b) The Secretary of the Treasury shall instruct the United 
States Executive Director of the International Bank for Reconstruc-
tion and Development and the International Development Associa-
tion to vote against any loan, grant, policy, or strategy if such 
institution has adopted and is implementing any social or environ-
mental safeguard relevant to such loan, grant, policy, or strategy 
that provides less protection than World Bank safeguards in effect 
on September 30, 2014. 
(c) 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 institution 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) 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 human rights risk management, as appro-
priate, in connection with any loan, grant, policy, or strategy of 
such institution: Provided, That prior to voting on any such 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) The Secretary of the Treasury shall instruct the United 
States executive director of each international financial institution 
to promote in loan, grant, and other financing agreements improve-
ments in borrowing countries’ financial management and judicial 
capacity to investigate, prosecute, and punish fraud and corruption. 
(f) The Secretary of the Treasury shall instruct the United 
States executive director of each international financial institution
H. R. 83—489 
to seek to require that such institution collects, verifies, and pub-
lishes, 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: 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 paragraph. 
(g) The Secretary of the Treasury should support efforts by 
the Inter-American Development Bank (IDB) to promote economic 
cooperation and integration within the Caribbean region, consistent 
with the IDB’s charter and United States policy. 
(h) For the purposes of this Act ‘‘international financial institu-
tions’’ shall mean the International Bank for Reconstruction and 
Development, the International Development Association, the Inter-
national Finance Corporation, the Inter-American Development 
Bank, the International Monetary Fund, the Asian Development 
Bank, the Asian Development Fund, the Inter-American Investment 
Corporation, the North American Development Bank, the European 
Bank for Reconstruction and Development, the African Development 
Bank, the African Development Fund, and the Multilateral Invest-
ment Guarantee Agency. 
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) Funds appropriated by this Act may be made available 
for direct government-to-government assistance only if— 
(A) 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; and 
(i) the recipient agency or ministry employs and 
utilizes staff with the necessary technical, financial, 
and management capabilities; 
(ii) the recipient agency or ministry has adopted 
competitive procurement policies and systems; 
(iii) effective monitoring and evaluation systems 
are in place to ensure that such assistance is used 
for its intended purposes; 
(iv) no level of acceptable fraud is assumed; and