I 
117TH CONGRESS 
1ST SESSION H. R. 4493 
To direct the Secretary of the Treasury to instruct the United States Execu-
tive Directors at the international financial institutions on United States 
policy regarding international financial institution assistance with respect 
to advanced wireless technologies. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 16, 2021 
Mr. TIMMONS (for himself, Mr. HILL, Mr. BUDD, Mr. STEIL, and Mr. NOR-
MAN) introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To direct the Secretary of the Treasury to instruct the 
United States Executive Directors at the international 
financial institutions on United States policy regarding 
international financial institution assistance with respect 
to advanced wireless technologies. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Promoting Secure 5G 
Act of 2021’’. 
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SEC. 2. UNITED STATES POLICY REGARDING INTER-
NATIONAL FINANCIAL INSTITUTION ASSIST-
ANCE WITH RESPECT TO ADVANCED WIRE-
LESS TECHNOLOGIES. 
(a) IN GENERAL.—The Secretary of the Treasury (in 
this section referred to as the ‘‘Secretary’’) shall instruct 
the United States Executive Director at each international 
financial institution (as defined in section 1701(c)(2) of 
the International Financial Institutions Act) that it is the 
policy of the United States to— 
(1) support assistance by the institution with 
respect to advanced wireless technologies (such as 
5th generation wireless technology for digital cellular 
networks and related technologies) only if the tech-
nologies provide appropriate security for users; 
(2) proactively encourage assistance with re-
spect to infrastructure or policy reforms that facili-
tate the use of secure advanced wireless tech-
nologies; and 
(3) cooperate, to the maximum extent prac-
ticable, with member states of the institution, par-
ticularly with United States allies and partners, in 
order to strengthen international support for such 
technologies. 
(b) WAIVER AUTHORITY.—The Secretary may waive 
subsection (a) on a case-by-case basis, on reporting to the 
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Committee on Financial Services of the House of Rep-
resentatives and the Committee on Foreign Relations of 
the Senate that the waiver— 
(1) will allow the United States to effectively 
promote the objectives of the policy described in sub-
section (a); or 
(2) is in the national interest of the United 
States, with an explanation of the reasons therefor. 
(c) PROGRESS REPORT.—The Chairman of the Na-
tional Advisory Council on International Monetary and Fi-
nancial Policies shall include in the annual report required 
by section 1701 of the International Financial Institutions 
Act a description of progress made toward advancing the 
policy described in subsection (a) of this section. 
(d) SUNSET.—The preceding provisions of this sec-
tion shall have no force or effect after the earlier of— 
(1) the date that is 7 years after the date of the 
enactment of this Act; or 
(2) the date that the Secretary reports to the 
committees specified in subsection (b) that termi-
nating the effectiveness of the provisions is impor-
tant to the national interest of the United States, 
with a detailed explanation of the reasons therefor. 
Æ 
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