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 ‘‘World Bank Account-
ability Act of 2017’’. 
SEC. 2. WITHHOLDING OF FUNDS UNTIL CERTAIN CONDI-
TIONS ARE MET. 
(a) INSTITUTIONAL REFORMS.— 
(1) IN GENERAL.—With respect to each of fiscal 
years 2018 through 2023, in addition to any amounts 
withheld from disbursement under subsection (b), 15 
percent of the amounts provided in appropriations 
Acts for the International Development Association 
for the fiscal year— 
(A) shall be withheld from disbursement 
until the conditions of paragraph (2) or (3) are 
satisfied; and 
(B)(i) shall be disbursed after the conditions 
of paragraph (2) are satisfied; and 
(ii) may be disbursed after the conditions of 
paragraph (3) are satisfied 
(2) INITIAL CONDITIONS.—The conditions of this 
paragraph are satisfied with respect to the amounts 
provided in appropriations Acts for a fiscal year if, 
in the fiscal year, the Secretary of the Treasury re-
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ports to the appropriate congressional committees that 
the International Bank for Reconstruction and Devel-
opment— 
(A) is implementing institutional incen-
tives, including through formal staff evaluation 
criteria, that prioritize poverty reduction, devel-
opment outcomes, and capable project manage-
ment over the volume of the Bank’s lending and 
grantmaking; 
(B) is taking steps to address the manage-
ment failures described in Inspection Panel In-
vestigation Report 106710–UG, and to prevent 
their recurrence in countries that are eligible for 
World Bank support; and 
(C) is taking measures to strengthen its 
management of trust funds, with the goal of in-
creasing the accountability of the trust funds for 
poverty reduction and development outcomes. 
(3) SUBSEQUENT CONDITIONS.—The conditions 
of this paragraph are satisfied if the Secretary of the 
Treasury reports to the appropriate congressional 
committees, in each of the 3 fiscal years most recently 
preceding the fiscal year in which the report is made, 
that the International Bank for Reconstruction and 
Development has instituted the measures described in 
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paragraph (2) of this subsection and the measures de-
scribed in subsection (b)(2). 
(b) GOVERNANCE AND ANTICORRUPTION REFORMS.— 
(1) IN GENERAL.—With respect to each of fiscal 
years 2018 through 2023, in addition to any amounts 
withheld from disbursement under subsection (a), 15 
percent of the amounts provided in appropriations 
Acts for the International Development Association 
for the fiscal year— 
(A) shall be withheld from disbursement 
until the conditions of paragraph (2) or (3) are 
satisfied; and 
(B)(i) shall be disbursed after the conditions 
of paragraph (2) are satisfied; and 
(ii) may be disbursed after the conditions of 
paragraph (3) are satisfied 
(2) INITIAL CONDITIONS.—The conditions of this 
paragraph are satisfied with respect to the amounts 
provided in appropriations Acts for a fiscal year if, 
in the fiscal year, the Secretary of the Treasury re-
ports to the appropriate congressional committees that 
the International Bank for Reconstruction and Devel-
opment— 
(A) is emphasizing in appropriate oper-
ational policies, directives, and country strate-
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gies its support for secure property rights, due 
process of law, and economic freedom as essential 
conditions for sustained poverty reduction in 
World Bank borrowing countries; 
(B)(i) in the preceding fiscal year, has not 
approved any loans or grants assistance by the 
Bank to a country designated by the United 
States as a state sponsor of terrorism; and 
(ii) is strengthening the ability of Bank- 
funded projects to undermine violent extremism; 
(C) is taking steps to conduct forensic au-
dits of projects receiving assistance from the 
Bank, increase the number of the forensic audits, 
and strengthen the capacity of the Bank’s Integ-
rity Vice Presidency, and that not less than 50 
percent of the forensic audits initiated by the 
Bank in each fiscal year are of projects ran-
domly selected from among International Devel-
opment Association borrowing countries; and 
(D) is taking measures to detect and mini-
mize corruption in all World Bank projects in-
volving development policy lending. 
(3) SUBSEQUENT CONDITIONS.—The conditions 
of this paragraph are satisfied if the Secretary of the 
Treasury reports to the appropriate congressional 
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committees, in each of the 3 fiscal years most recently 
preceding the fiscal year in which the report is made 
that the International Bank for Reconstruction and 
Development has instituted the measures described in 
paragraph (2) of this subsection and the measures de-
scribed in subsection (a)(2). 
(c) APPROPRIATE CONGRESSIONAL COMMITTEES DE-
FINED.—In this section, the term ‘‘appropriate congres-
sional committees’’ means the Committees on Financial 
Services and on Appropriations of the House of Representa-
tives and the Committees on Foreign Relations and on Ap-
propriations of the Senate. 
SEC. 3. REPORTS TO CONGRESS. 
The Chairman of the National Advisory Council on 
International Monetary and Financial Policies shall in-
clude in the report required by section 1701 of the Inter-
national Financial Institutions Act for each of fiscal years 
2018 through 2023 a detailed description of the actions un-
dertaken by the International Bank for Reconstruction and 
Development in the fiscal year covered by the report to in-
stitute the measures described in subsections (a)(2) and 
(b)(2) of section 2 of this Act. 
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SEC. 4. OPPOSITION TO WORLD BANK ASSISTANCE FOR 
GOVERNMENT THAT FAILS TO IMPLEMENT 
OR ENFORCE MEASURES REQUIRED UNDER 
AN APPLICABLE UNITED NATIONS SECURITY 
COUNCIL RESOLUTION. 
The Bretton Woods Agreements Act (22 U.S.C. 286 et 
seq.) is amended by adding at the end the following: 
‘‘SEC. 73. OPPOSITION TO ASSISTANCE FOR GOVERNMENT 
THAT FAILS TO IMPLEMENT OR ENFORCE 
MEASURES REQUIRED UNDER AN APPLICA-
BLE UNITED NATIONS SECURITY COUNCIL 
RESOLUTION. 
‘‘The Secretary of the Treasury should instruct the 
United States Executive Director at the International Bank 
for Reconstruction and Development to use the voice and 
vote of the United States to oppose the provision of assist-
ance to the government of a borrowing country of the Inter-
national Development Association if the President of the 
United States determines that the government has know-
ingly failed to implement or enforce sanctions required 
under an applicable United Nations Security Council reso-
lution (as defined in section 3 of the North Korea Sanctions 
and Policy Enhancement Act of 2016 (Public Law 114– 
122; 22 U.S.C. 9202)) that is in effect.’’. 
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Union Calendar No. 214 
115TH CONGRESS 
1ST SESSION 
H. R. 3326 
[Report No. 115–298] 
A BILL 
To increase accountability, combat corruption, and 
strengthen management effectiveness at the 
World Bank. 
SEPTEMBER 7, 2017 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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